It has been a rocky week for Bitcoin (BTC) as the cryptocurrency shed all the gains it had accrued over the past couple of weeks. From a ‘big picture’ perspective, the benchmark cryptocurrency has been consolidating for months as bulls defended the $11,000 price point while bears prevented any major rally above $12,000. It appears […]
Bitcoin was met with yet another wave of heavy selling pressure at the $12,000 psychological line yesterday, which caused the cryptocurrency to shed more than $900 on its way back down to the $11,165 level. This will be the third consecutive time in 31 days that Bitcoin has failed to clear the $12,100 level. In […]
Bitcoin (BTC) continued on its ‘rocky’ momentum through the Monday session. However, despite the shaky trajectory, Bitcoin bulls have been able to defend their stance against any major downside move. Towards the end of last week, the cryptocurrency gained some positive momentum, which sent it to the $11,600 level but was immediately met with a […]
As we round off another week, Bitcoin (BTC) appears to be trading at the exact area it started the week in; the $11,600 region. Bitcoin has had a considerably rough week compared to other cryptocurrencies, especially DeFi assets, which recorded massive gains. On the 4-hour chart, we can see that BTC has formed a “double […]
Bitcoin (BTC/USD) has been in a shaky position for a few days now. The volatility in the market has mostly been in favor of the bears for a while now and today’s price action has only revitalized the impression that further downside is imminent. After the speech by Fed Chair Jerome Powell earlier today as […]
Bitcoin continues to show significant weakness as it now hovers near the $11,350 support. Bulls have managed to hold defense at this level since yesterday, with every decline below this level being met with strong dip-buying. Earlier today bears tried to take BTC lower, forcing it down to $11,255. However, there was a sharp pickup […]
Bitcoin (BTC/USD) continued on its arduous struggle to get back into the ascending wedge in today’s trading session following its $500 decline on the 21st of August. This previous key support (the ascending trendline line), which helped BTC multiple times on its recent bull run, is now the major hurdle preventing the cryptocurrency from regaining […]
This past week has seen Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and several other major cryptocurrencies undergo significant downward corrections against the US dollar (DXY). Bitcoin’s decline, after touching the top $12,000 level, increased in pace after it broke below the $11,800 support. It subsequently dipped below the $11,500 and tested the $11,350 support. A […]
Bitcoin continues to maintain its position just below the $12K mark, following a recent consolidation around the $11,600-800 level. However, we saw BTC attempt to break the $12,100 (2020 high) again yesterday. Despite the bull-run, Bitcoin couldn’t hold this level for more than a few hours before dipping sharply to the $11,500 level. At press […]
