After consolidating losses and a short term upside correction, bitcoin price resumed its decline below the USD 8,300 level. BTC/USD even broke the USD 8,000 support area and traded to a new monthly low near USD 7,750. The price is currently correcting losses (08:00 UTC), but upsides are likely to remain capped near USD 8,250 […]
After a strong increase, bitcoin price faced sellers near USD 13,850. BTC started a corrective decrease and traded below the USD 13,600 and USD 13,500 support levels. The price is currently (13:00 UTC) trading well below USD 13,500 and it seems like the bears are aiming for a test of USD 13,000. Most major altcoins […]
Recently, there was a clear break in bitcoin price above the USD 16,000 resistance level. BTC climbed above USD 16,200 and traded close to the USD 16,500 level. The price is currently (13:00 UTC) correcting lower, but it still might resume its upward move unless there is a break below USD 16,000. Also, most major […]
After a short term downside correction, bitcoin price bounced back from the USD 10,350 support (as discussed yesterday). BTC/USD traded above USD 10,500 and retested the USD 10,800 resistance area. A new swing high was formed and the price is currently (08:00 UTC) correcting lower. On the other hand, most major altcoins failed to continue […]
Yesterday, we saw a strong upward move above the USD 5,500 resistance level. BTC/USD traded to a new yearly high to USD 5,600 and recently started a downside correction. The price declined more than 2% today and broke the USD 5,500 and USD 5,465 support levels. On the other hand, altcoins like ethereum, bitcoin cash, […]