Bitcoin price traded a few points higher recently above the USD 6,800 level. However, recoveries were capped by the USD 6,850 barrier, resulting in a downside move. Ethereum price is currently under heavy selling pressure and it has settled below the USD 500 handle. Overall, it seems like bitcoin and altcoins are in the red […]
Yesterday, there was a sharp bearish turn in bitcoin below the USD 3,450 support. BTC/USD traded towards the USD 3,375 level and later recovered above USD 3,400. The price is currently (UTC 08:20 AM) consolidating and trading below important resistances at USD 3,450 and USD 3,480. Similarly, after a strong bearish wave, ethereum recovered above […]
This past week, there were steady gains in bitcoin and altcoins. BTC/USD broke the key USD 8,500 and USD 8,800 resistance levels. As a result, there were further gains above USD 9,000 and USD 9,200. The price traded close to USD 9,350 and it remains well supported for more gains in the coming days. Many […]
This past week, there was a significant upward move in bitcoin price above the USD 11,000 and USD 11,500 resistance levels. BTC even spiked above USD 12,000 before correcting lower sharply. It is currently (08:30 UTC) trading above the USD 11,000 level and it seems like the bulls are aiming an upward move towards USD […]
Bitcoin price remained in a strong uptrend and it was able to climb above the USD 8,000 and USD 8,200 resistance levels. As a result, there was a solid rise towards USD 8,500 resistance before the price started a downside correction. On the downside, there are many supports near USD 8,200 and USD 8,120. On […]