Yesterday, we discussed the chances of more losses in bitcoin below the USD 9,200 and USD 9,000 support levels. BTC/USD did decline heavily and broke many supports near USD 9,000 and USD 8,850 level. It tested the USD 8,550 support area and it is currently (09:00 UTC) correcting higher. Similarly, there were significant losses in […]
Bitcoin price failed to overcome selling pressure and it remained well below USD 35,000. As a result, BTC saw a fresh decline below the USD 33,500 support. It is currently (04:25 UTC) showing a few bearish signs, but the USD 32,200 support holds the key. Similarly, most major altcoins are slowly gaining bearish momentum. ETH […]
In the past few sessions, bitcoin price traded in a range below the USD 19,500 resistance. BTC also remained stable above USD 18,500 and USD 19,000. The price is currently (13:00 UTC) showing a few positive signs and it seems like there could be another push towards USD 19,500 and USD 19,800. Similarly, most major […]
Recently, there was a downside correction initiated in bitcoin price from well above the USD 6,600 level. BTC/USD broke the USD 6,500 and USD 6,400 support levels and tested the USD 6,300 level. Similarly many altcoins tested key supports and are currently consolidating losses. It seems like the market is currently trading in a range […]
Bitcoin price started a major downside correction below the USD 18,000 level. BTC declined over 10% and it even spiked below USD 17,000. Finally, the bulls were able to protect the USD 16,500 support level and the price is currently (13:00 UTC) recovering above USD 17,000. Also, there was a strong decline in most major […]