As the year 2019 runs to an end, Bitcoin’s price continues to trade above the $7100 support for some days now following a sharp rejection at $7700 on December 23. The short-term bullish sentiment would remain valid as long as Bitcoin stays above technical support of $7000. Today, BTC dominance is up by 68.9% but […]
Chinese media house, CCTV, announced on the 22nd of December that the Chinese authorities have confiscated about 7,000 cryptocurrency mining machines, which were reported to be illicitly expending power in the country. The arrogation of the machines was a product of a routine inspection of properties in the area. In total, 70,000 homes, 3,060 vendors, […]
In our previous crypto trading signals, we mentioned possible moves for Bitcoin’s price action. Leaving the weekly bullish rally, Bitcoin’s bear gained control of the market over the last 24-hours hours and as such, the price has dropped below the rising wedge that was spotted on the hourly chart. This suggests that short-term bullish may […]
After breaking last week’s high of $7440, Bitcoin is now preparing for another bullish rally which is likely to reach $8200 in a couple of days. But currently, it appeared that the $7700 resistance is suppressing bullish pressure. Nevertheless, we can expect a more positive move as soon as BTC climbs above this mentioned […]
Following our last crypto trading signals, Bitcoin has breached the channel pattern on the hourly chart. The price is now heading for the channel’s support on the 4-hour chart. Currently, BTC roams at $6668 after losing -2.42% overnight. Additionally, the entire crypto market is trading under $180 billion market cap as BTC dominance increases to […]
The much-anticipated move for Bitcoin finally came yesterday, following a colossal drop below $7000 – where Bitcoin held as support for days. Now, the market is slowly leaving the $7000 zone, although we may see a retest before the next bearish surge. Currently, BTC is down by -2.58%, more drop is expected to play out. […]
For many years now, Bitcoin’s price is known majorly for driving the entire cryptocurrency market due to its larger share of the market volume. Currently, the entire cryptocurrency market cap is estimated at $191.4 billion with BTC dominance of $66.9%. With such a volume percentage, Bitcoin has high potency to cause a lot of pressure […]
The Chief Executive Officer of MicroBT, Yang Zuoxing has been apprehended in connection with embezzlement. The apprehension was disclosed by the Shenzhen Nanshan District Prosecutor on the 12th of December and was broadcasted by the popular Chinese media house, Caixin on the 15th of December. This event is coming at a time when MicroBT is […]
Since November 25 rebound, the $7000 support has continued to shield Bitcoin from falling, although the support is likely to collapse if the price keeps testing the area. Meanwhile, BTC is facing a critical resistance at $7200 for some days now. Considering the tight ranges of $7000 – $7200, Bitcoin’s price is fragile. Anytime from […]
