Bitcoin price corrected below USD 11,500, but dips were supported near USD 11,350. BTC is currently (13:00 UTC) showing positive signs, but it must gain momentum above USD 11,550 to resume its upward move in the near term. Most major altcoins climbed higher and traded with a bullish angle, including ethereum, XRP, litecoin, bitcoin cash, […]
Bitcoin price remained stable above USD 10,200 and started a steady recovery wave. BTC broke a major resistance near USD 10,550 to start the current wave. However, the price struggled near the inflection zone at USD 10,800 and it is currently (08:30 UTC) consolidating above USD 10,600. Similarly, most major altcoins recovered, including ethereum, XRP, […]
This week started with a massive decline in bitcoin from well above USD 8,500. BTC/USD tumbled around 10% and it broke many supports near the USD 8,400 and USD 8,000 levels. The price is currently correcting higher, but upsides are likely to remain capped near USD 8,200 and USD 8,240. Similarly, almost all major altcoins […]
There was an increase in selling pressure on bitcoin below the USD 4,100 resistance. BTC/USD extended declines recently and traded below the USD 4,000 support. The price traded below the USD 3,900 level before buyers appeared near the USD 3,800 level. Similarly, ethereum price declined below the USD 112 and USD 110 support levels before […]
Yesterday, we discussed the chances of more upsides in bitcoin. BTC/USD did climb further higher and traded to a new 2019 high above USD 6,000. However, the bulls failed to retain momentum, resulting in a downside correction. More importantly, the bulls struggled to contain losses after Binance reported a major hack. The price declined below […]