New data release indicates that the Bitcoin network’s mean hash rate has just reached its all-time high as a reflection of the digital currency’s most recent technical accomplishment. Composed by innovative on-chain metrics provider Glassnode, a recent evaluation of Bitcoin’s historical hash rate reveals that on the 7th of January, the valuation of the mean […]
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 still trading in the bullish trend zone. We have entered the fourth day as Bitcoin continues to struggle below the $8,800 resistance level. On a daily bases, the bulls will test the resistance level and […]
• Bitcoin hits $9000 after a long-term breakout. • BTC remains bullish but sellers lurk around. • A break below $8500 may set the market on correction mode. Again, Bitcoin’s price has increased by roughly 5% to hit $9000 after breaking from the strong bearish zone of $8400 this week. This surge has made BTC […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish For the past three days, the bulls have been compelled to a stand still below the $9,000 resistance. Bitcoin is in a sideways move below the resistance for a few days since the upward move has been […]
• Bitcoin’s price cut to $8600 after rejection at $8800. • The bullish pattern remains valid but could end if Bitcoin breaks down the wedge on the 4-hours chart. After breaking $8400 two days ago, Bitcoin has been facing serious rejection around the $8800 resistance. Due to this, the BTC price dropped to $8600 support […]
A document published on the 14th of January by the United States Securities and Exchange Commission has confirmed rumors being circulated that Bitwise Asset Management has withdrawn its previous petition for a Bitcoin exchange-traded fund. This will be the second notable ETF withdrawal in the past few months after a coinciding action by VanEck. Bitwise […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish In the last 24 hours, Bitcoin has been struggling to penetrate the resistance at $8,800. In the previous days, the bulls overwhelmed the bears as more resistances were broken. The coin is now in a sideways move […]
• Bitcoin remains bullish but the rally is stalled at $8800 resistance. • A heavy drop could occur if BTC breaks the wedge on the 4H chart. • Decreasing volume on the 30-M chart indicates short selling for Bitcoin. After our previous crypto trading signals, Bitcoin’s price shifted a bit upward to $8800 before closing […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Today, the bulls have succeeded in breaking the first resistance at $8,200. It is likely to break the second resistance at $8,400. During the first bullish impulse, the bulls were resisted at $8,400. This caused Bitcoin to […]
