Since Tuesday, Bitcoin has held support at $8000 with a lot of bearish bias which is still dominant in the market. In fact, it’s not certain whether BTC would hold above $8000 if the bearish pressure continues. Notwithstanding, a strong bullish pressure could help the market to recover back on the current support. Otherwise, the […]
Bitcoin has found temporal support around $8000 over the last 24-hours, giving traders a little relief of the bearish pressure over the past few days. What BTC is likely to display now is a corrective gain before resuming bearish bias. Of course, it may lead to a reversal if Bitcoin can reclaim important resistances. If […]
Key Resistance levels: $0.09, $0.10, $0.11 Key Support Levels: $0.06, $0.05,$0.04 XLM/USD Long-term Trend: Bearish Early in November, the bulls were making impressive moves. Firstly, the bulls broke the downtrend line to resume a bullish movement. The second impressive move was inconclusive as the bulls fail to break the resistance at $0.08. The price tested […]
GBPJPY Price Analysis -November 20 During the last one month, the GBPJPY’s price has traded on the upside between the horizontal level at 141.50 and the level at 138.88 while testing the top and the bottom of the formed channel in a sideways trend. However, in today’s trading session, the FX pair has broken below […]
Previously in the news, it was recalled that US-China top officials had a video conferencing call in which observers termed as a constructive one. Many saw this as a dim light in a tunnel although the final say depended on president trump. Investors entered the week been hopeful even though US threat on slapping more […]
Bitcoin is now priced at around $8140, following the last 24 days of bearishness which has made the BTC price to reach a weekly low of $8000. However, the bears are still present as more selling could be underway for this market if the $8000 support breaks. Currently, Bitcoin is down by 2.91% and at […]
The United Kingdom has joined other territories in classifying cryptocurrencies as ‘property’. This new development was reported by the Times which stated that a legal committee led by the Chancellor of the High Court, Sir Geoffrey Vos, came to an agreement that poses considerable implications for the legitimacy of cryptocurrencies and assets in the country. […]
Key Resistance levels: $22, $24, $26 Key Support Levels: $12, $10, $8 BNB/USD Price Long-term Trend: Bearish Binance Coin has been falling for the past five days after the bulls fail to penetrate the resistance at $22. Since late October, the bulls have formed three tops while attempting to breach the resistance level. On each […]
USDCHF Price Analysis – November 19 The FX pair moved past the moving average 5 and 13 while breaking the horizontal zone on the key level at 0.9911 early during the European session, but could not sustain the momentum. As at the time of composing, USDCHF dived again below the key level at 0.9911. The […]
