Bitcoin (BTC) is once more facing a drop to (or below) $6,000, with both short- and long-duration charts being aligned in favor of the bears.
Further, while a fall to $6,000 following a bear flag breakdown on Friday seemed likely, losses were unexpectedly cut short at $6,300, signaling bearish exhaustion.
Yet, the leading cryptocurrency did not find any takers over the weekend, leaving trading flat-lined above $6,500.
Courtesy of the drop from $6,573 (Sunday’s high) to $6,370 (today’s low), the short duration charts have now turned bearish.
the difference between the pennant high and low subtracted from the breakdown price).
Bitcoin (BTC) is once more facing a drop to (or below) $6,000, with both short- and long-duration charts being aligned in favor of the bears. Further, while a fall to $6,000 following a bear flag breakdown on Friday seemed likely, losses were unexpectedly cut short at $6,300, signaling bearish exhaustion. Yet, the leading cryptocurrency did
Oasis, the layer-1 blockchain with a production-ready confidential Ethereum Virtual Machine, saw its native token fall more than 9% as bearish momentum dragged the price to multi-month lows. The price of Oasis (ROSE) declined over 9% in the past 24…
Solv Protocol has announced the launch of SolvBTC.AVAX, a modular Bitcoin yield product backed by real-world assets. The Bitcoin (BTC) yield vault is backed by Solv, Avalanche (AVAX), Euler, Elixir, LFJ and Balancer, Solv Protocol said in an announcement. According…
CoinPayments and Jetcraft have partnered to enable crypto payments for aircraft purchases and private aviation services. According to a press release shared with crypto.news, CoinPayments Inc., a leading crypto payment gateway, has announced a partnership with Jetcraft, the world’s largest…
TOMI, the token of the decentralized alternative internet platform tomi Super App, has skyrocketed 150% in the past 24 hours to outpace all major coins. The TOMI token’s (TOMI) massive pump, which has the crypto trading 150% higher, also comes…
Avalanche’s native token rose slightly as the blockchain network hit two key milestones in daily transactions and active addresses. The Avalanche (AVAX) token jumped nearly 5% in 24 hours as top cryptocurrencies soared, with the Avalanche Foundation sharing details of…
Cardano is gradually approaching a major support zone near $0. 62, with several technical indicators aligning for a potential bounce. However, a lack of trading volume leaves bulls awaiting stronger confirmation.
The Chainlink team has announced the genesis season of its new community rewards program will go live on May 8, with an initial 100 million Space and Time tokens up for grabs. Chainlink (LINK) revealed the new development on May…