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Bitcoin at Grave Risk of Cratering to $7,400 as it Taps Multi-Month Trendline

Bitcoin is flashing some signs of weakness as it navigates towards the lower boundary of a trading range that has been firmly established over the past couple of weeks The crypto’s current weakness comes after a failed attempt by buyers to propel it towards $10,000 This decline has also led BTC down to a multi-month ascending trendline that has been guiding its price higher If it breaks below this level, analysts warn that it could […] дальше »

2020-6-8 22:00


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Here’s Why Bitcoin’s V-Shaped Recovery from $3,800 Spells Trouble for What’s Next

Bitcoin has now entered a consolidation phase within the mid-$9,000 region following the meltdown seen yesterday This has made it increasingly unclear as to which direction the benchmark cryptocurrency will trend over a mid-term time frame One analyst is calling into question the long-term strength of BTC’s multi-month uptrend due to the “V-shaped” recovery it posted in mid-March when it dipped to lows of $3,800 He eludes to the possibility that this provided the crypto […] дальше »

2020-6-3 21:00


Bitcoin’s Multi-Month Bear Trend May Soon Change

One of the most prominent technical analysts in the crypto community believes that Bitcoin has yet to meet one last condition before it enters the next bull market.  The Path to a New Bull Run Peter Brandt, a 45-year trading veteran, recently expressed his views on the different factors that could lead Bitcoin to begin […] The post Bitcoin’s Multi-Month Bear Trend May Soon Change appeared first on Crypto Briefing. дальше »

2020-1-9 16:07