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 […]
This past week was a roller-coaster for Bitcoin. At one point, BTC went from $12,000 to $10,500 in the space of just a few minutes. However, it spent the majority of last week climbing closer to the $12,000 mark again. On Friday, the benchmark cryptocurrency dropped as low as $11,200 (previous resistance turned support), before […]
2020 איז געווען גאַנץ אַ יאָר פֿאַר זיך ביז איצט. די COVID-19 פּאַנדעמיק האט ראַווידזשד גאַנץ לענדער און געצווונגען מיליאַנז אין אַ שטאַט פון לאַקדאַון. אפילו איצט ווי לענדער געראַנגל צו ריאָופּאַן זייער עקאָנאָמיעס, די ספּעקטער פון COVID-19 נאָך לומז אויף די האָריזאָנט. אַוסטראַליאַן, יאַפּאַן און האָנג קאָנג זענען צווישן די לעצטע לענדער וואָס האָבן […]
Bitcoin (BTC/USD) is currently contending with a consolidation phase around the upper $11,000 area. This is coming as the cryptocurrency continues in its struggle to break the $12,000 resistance. Worth mentioning is the organic authenticity of this rally compared to previous ones in past years, which indicates that it is curating a strong base for […]
Based on today’s performance, it appears as though that Bitcoin (BTC/USD) bulls are starting to lose traction. For the first time since the 21st of July, BTC has recorded a lower high as it struggles to break the $11,860 resistance. Also, it has been observed that more than $4 billion have exited the market in […]
