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Bitcoin “Annihilated” Its Key Support During Recent Decline; Here’s Where It Stands

Bitcoin has been facing some intense resistance throughout the past few days and weeks, which has been suppressing its growth and sparking multiple strong rejections The selling pressure found within the mid-to-upper $19,000 region has been quite intense, and may continue stunting its growth in the mid-term One trader believes that any continued near-term weakness will likely cause it to see significantly further downside in the mid-term This is because it is now trading just […]

2020-12-10 02:00


Bitcoin Continues Struggling to Set Fresh All-Time Highs: What Analysts are Saying

Bitcoin has been struggling to break above the mid-to-upper $19,000 region throughout the past few days and weeks, with the selling pressure here being significant Until bulls can shatter the resistance region that begins at $19,400, it may continue seeing a prolonged consolidation phase The cryptocurrency’s latest weekly close, however, was incredibly bullish and happened to mark the highest one ever posted by the crypto on many exchanges This could boost its mid-term outlook, but […]

2020-12-8 02:00


Analyst: Ethereum Likely to Target $780 as Technical Strength Grows

Ethereum has seen some lackluster price action throughout the past few days, which comes as Bitcoin leads the crypto market into a consolidation phase The crypto will likely continue seeing some sideways trading until BTC finds some clear directionality The pivotal level for ETH at the moment appears to be $600, as the selling pressure here has proven to be significant in the past Each break above this level has been short-lived and followed by […]

2020-12-8 23:00


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Here’s the Crucial Level Bitcoin Needs to Break Before Analysts Flip Bullish

Bitcoin has been struggling to hold above $19,000 for the past couple of days, with the selling pressure above this price level proving to be significant If sellers continue suppressing the cryptocurrency’s price action and hold it below this level for an extended period of time, it could lead to some serious losses One trader is now noting that Bitcoin could still be on the cusp of seeing further upside in the hours ahead, noting […]

2020-12-7 19:37


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Trader Calls for Bitcoin Plunge to $17,000 as Selling Pressure Mounts

Bitcoin has seen some intense turbulence throughout the past few hours, with the selling pressure seen in the mid-$19,000 region once again proving to be too much for it to handle The crypto has been caught within a persistent bout of consolidation throughout the past few days, with bulls guarding the mid-$18,000 region as bears continue building massive sell walls around $19,500 The frequency of the rejections seen at this price region is a grim […]

2020-12-5 21:00


Ethereum Price Retreats to $600 Despite Imminent ETH 2.0 Rollout

Ethereum has witnessed some intense selling pressure following its latest push higher, with bulls trying to defend $600 as bears aim at pushing it below this level The selling pressure here has proven to be quite intense throughout the past few days, but bulls have been able to absorb all of it and continue pushing it higher Where the rest of the market trends in the near-term will depend largely on the $600 level and […]

2020-11-25 23:00


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Analyst: Bitcoin Likely to Sweep Its Highs as Bears Face Mass Liquidation

Bitcoin has been stable below $19,000 for the past few days, with each visit to this level sparking relatively strong pullbacks Where the crypto trends in the near-term will depend largely on whether or not bulls can take control of its price action and push it past $19,000 The selling pressure here is significant and may continue hampering its growth over the coming few hours and even days Meanwhile, Ethereum and other altcoins have been […]

2020-11-24 02:00


Analysts Expect Bitcoin to See New Highs as Uptrend Continues

Bitcoin has been struggling to gain any strong momentum throughout the past few days and weeks, with buyers and sellers reaching an impasse as the crypto nears $14,000 The selling pressure here has been quite significant and may continue slowing its ascent in the days and weeks ahead That being said, bears have been unable to spark any sustained selloff as of late, which is a positive sign that indicates upside may be imminent One […]

2020-11-5 21:00


Analyst: DeFi Assets Likely to “Nuke” 50%+ if Bitcoin Doesn’t Moon

Bitcoin has been consolidating throughout the past few days while altcoins continue losing value This trend has been well-defined throughout the past few weeks, showing that investors and traders alike are all currently focused on the benchmark cryptocurrency Although many analysts expect there to be some sort of capital rotation event out of BTC and into altcoins at some point, it’s unclear when this may take place DeFi assets have been hit the hardest by […]

2020-11-1 19:00


Bitcoin Must Consolidate Above This Key Level, Or Risk Plunging to $11,900

It has been a wild past few days for Bitcoin and the aggregated cryptocurrency market Bitcoin has been able to post consistent gains throughout as of late, with buyers and sellers largely reaching an impasse following its slight rejection at $13,200 This has created a slight consolidation phase around $13,000 that it has been caught within throughout the past two days If this phase persists in the near-term, BTC must continue holding above $12,800 One […]

2020-10-24 21:00


New Capital & Old Money from Crypto Market All Moving into Bitcoin

Bitcoin is above $12,000 yet again. The leading digital currency went as high as $12,317 on Bitfinex and, at the time of writing has been trading just above $12,200. In these two days, Bitcoin has jumped nearly 9%, and it is to be seen if today we will continue this momentum upwards or things would […] The post New Capital & Old Money from Crypto Market All Moving into Bitcoin first appeared on BitcoinExchangeGuide.

2020-10-21 15:28


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Bitcoin’s Strong Monthly Close Indicates October Will be a Green Month

Bitcoin’s recent bout of consolidation is still ongoing, but bulls appear to be in the process of attempting to break this trend The cryptocurrency is currently pushing towards its $11,000 resistance, which is a positive sign that indicates a test of this level may be imminent That being said, where it trends in the days and weeks ahead may depend largely on whether or not it can continue holding above some key levels One analyst […]

2020-10-2 21:00


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Bitcoin’s Critical Support is Degrading, and It’s Bad for Altcoins

Bitcoin is currently struggling to garner any notable upwards momentum as its price drifts towards its key support at $11,000 Sellers have been in firm control of its trend throughout the past several days and weeks Where it trends in the near-term will likely depend almost entirely on whether or not bulls can continue defending against a decline below $11,000 One analyst is noting that a key technical support level that was bolstering BTC is […]

2020-8-28 21:00


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Analyst: Bitcoin Likely to Tap $10,000 Unless Bulls Spark Strong Movement

Bitcoin has been oscillating between the lower and mid-$11,000 region throughout the past few days This rocky price action comes close on the heels of the harsh rejection at $12,000 that it posted this past weekend The cryptocurrency will likely continue struggling to garner any momentum as long as hovers below the upper-$11,000 region, which is where it faces some resistance Analysts do believe that some near-term downside could be imminent in the days and […]

2020-8-13 21:00