• Bitcoin regains momentum back to $8800 resistance. • The leading cryptocurrency continues to rely on the $8500 support After trading around $8600 for a few days, yesterday, Bitcoin’s price increased by 3% to reach $8800 level. This level is currently suppressing the bullish pressure. If a break occurs, we should see a further gain. […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Bitcoin is in a stalemate as the bulls failed to break above $9,200 resistance level on January 19. For the coin to avoid a breakdown, Bitcoin has to stay above $9,200 or $10,000 price level. Previous price […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish On January 19, the bulls tested the $9,200 resistance level and were resisted. The coin fell to a low of $8,400. The bulls could not sustain hold above the higher price level. Later it pulled back to […]
Bitcoin is currently exchanged for $ 8,631. Buyers are making every effort to ensure that the price does not exceed $ 8,600 below. Adding to selling pressure on $ 8,700 leads to resistance around the moving averages of 5 and 13. A break above $ 8,700 may take longer than expected, but when this happens, […]
• Despite indecisiveness, Bitcoin could foot more bearish correction. • Bitcoin now held resistance at $8800 over the last 48-hours trading. Since Bitcoin fell from $9150 over the weekend, the price has continued to hover around $8600. Due to the sideways swing on the 30-minutes chart, BTC has stylishly moved out of the wedge […]
Thailand’s Securities and Exchange Commission has endorsed a coveted exchange license to popular Asian trading platform Zipmex. Based on news published on the 20th of January, Thailand’s Ministry of Finance together with the SEC has endorsed Zipmex for the license, which instills stringent regulatory prerequisites on applicants. To get licensed, aspirants must prove beyond a […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Yesterday, Bitcoin was resisted at the $9,200 price level. The downward movement is ongoing as the price reached a low of $8,500. The bottom line is that if the bulls fail to break the $9,200 resistance, then […]
• Latest correction suspends long-term bullish sentiment. • Bitcoin remains indecisive after correcting loss at $8500. • The channel break turns BTC bearish on the hourly chart. Yesterday, Bitcoin’s price saw a sudden correction from $9150 to $8450 after seeing four weeks of growth. Though, the price has bounced a bit to $8650 – where […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Interestingly, Bitcoin now fluctuates below the $9,000 on a daily bases as the bulls fail to break the $8,800 resistance level. On Daily bases, small body candlesticks form below the resistance level. These candlesticks describe the indecision […]
