Bitcoin Bulls Defend $17,700, But BTC Still Faces Dangerously Strong Resistance

Bitcoin has faced some intense selling pressure over the past few days, with the response to its recent break below $19,000 being quite bearish This validates the notion that this is a crucial level that the crypto much firmly surmount and flip into support if it is to see any further upside One trader is now noting that, while BTC did rebound off of its key support in the upper-$17,000 region, it still faces multiple […] дальше »

2020-12-10 21:00

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Citibank Downgrades MicroStrategy Stock Rating Over The Firm’s “Excessive” Bitcoin Focus

Citibank downgraded MicroStrategy stock rating on December 8, citing the business intelligence firm’s recent bitcoin allocations as the key factor. Specifically, Citi analyst Tyler Radke lowered MicroStrategy’s stock from a “neutral” to a “sell” soon after the company announced that it was planning to raise $400 million in order to purchase more bitcoin. Radke noted […] дальше »

2020-12-10 20:10

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Bitcoin is “Refining” This Bullish Range; Could Soon Post a Massive Breakout

Bitcoin is currently in the process of consolidating as bulls and bears battle for control of its near-term outlook Where the cryptocurrency trends in the mid-term will likely depend on whether or not bulls can once again push it above $19,000, as this has been a pivotal level for BTC A sustained bout of trading below here could open the gates for serious losses, but many factors are all working heavily in the cryptocurrency’s favor. […] дальше »

2020-12-9 02:00

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Bitcoin Breaks Below Key Bullish Trendline as Analysts Eye Move to $18,400

Bitcoin has been showing some serious signs of strength throughout the past few days and weeks Bulls have been in full control of the cryptocurrency’s price action, but are starting to lose their edge over bears as the crypto drifts lower Where it trends in the mid-term will depend largely on whether or not buyers can defend against a break below $18,600 One trader is pointing to this as the first key support level it […] дальше »

2020-12-9 21:00

Is The VIX Volatility Index Forecasting A Major Bitcoin Crash?

Bitcoin price is consolidating just below $20,000. As the last confrontation with $10,000 has shown, consolidation below resistance is typically a bullish event. However, with such strong resistance above, the uncertainty surrounding the pandemic, the coming vaccine, and the change of power happening in the United States, there’s a recipe for rejection as well. And […] дальше »

2020-12-8 04:00

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 […] дальше »

2020-12-8 02:00

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Bitcoin’s Low-Time Frame Chart is “Getting Interesting” — Here’s Why

Bitcoin has been holding strong above $19,000, which is a positive sign for its short-term outlook The strength seen by the cryptocurrency as of late comes despite it seeing multiple strong rejections at its all-time highs The selling pressure laced throughout the mid-to-upper $19,000 region has been too much for bulls to handle However, buyers have been able to set a series of higher-lows following each rejection here, which is an incredibly bullish sign One […] дальше »

2020-12-7 21:00

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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 […] дальше »

2020-12-7 19:37

Top Financial Historian Calls Bitcoin the Best Investment Opportunity

Bitcoin has been on a strong rally since the March lows of $3,500. The leading cryptocurrency currently trades for $19,300. Niall Ferguson, a financial historian at the Hoover Institution at Standford University, recently said that he thinks Bitcoin is one of the best investment opportunities right now Bitcoin Could Be the World’s Best Investment Opportunity Bitcoin has been on a strong rally since the March lows of $3,500. дальше »

2020-12-7 13:00

Here are the Crucial Levels to Watch as Bitcoin Climbs Back Above $19,000

Bitcoin is once again trading above $19,000, as this has been a crucial level for the cryptocurrency that bulls have ardently been trying to flip into support It remains unclear as to whether or not it is going to be able to establish any meaningful support at this level The selling pressure here has proven to be significant in the past, and may continue hampering its growth Where the market trends next will still likely […] дальше »

2020-12-5 19:33

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Bitcoin Likely to See Further Downside After Price Fails to Break Key Level

Bitcoin has been facing some immense selling pressure as of late, with the resistance found within the mid-to-upper $19,000 region proving to be too much for bulls to handle Despite seeing another strong rejection here overnight, it is important to note that Bitcoin once again set another higher-high This indicates that the cryptocurrency could be on the cusp of seeing another bid at breaking through the resistance it has been struggling with The support it […] дальше »

2020-12-5 02:00

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Etherereum Faces a Slight Selloff as Analysts Eye Downside Move to $550

Ethereum broke below $600 once again following what appeared to be a sustained bout of trading above this level The selling pressure seen here has proven to be quite intense, and may continue slowing the crypto’s ascent The crucial resistance level to watch closely sits at $620, as this level has sparked numerous rejections for the cryptocurrency If ETH is to gain any near-term momentum, $600 must be firmly reclaimed One trader believes that there’s […] дальше »

2020-12-5 23:00