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Bitcoin May Post Its 2nd Highest Two-Month Close in History as Bulls Take Control

Bitcoin has been able to avoid seeing any type of intense bearishness today, as the cryptocurrency is now trading near $11,800 Although it has yet to test its key $12,000 resistance, it does appear that buyers are laying the groundwork for a visit to this level One trader is observing that some technical factors are now working heavily in Bitcoin’s favor, including degrading resistance between its current price and $13,000 This comes as Bitcoin rapidly […] дальше »

2020-8-31 21:00

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Analyst Expects Bitcoin to Dump Towards $10.5K or Lower

An overnight jump in the Bitcoin price Sunday may not put the asset en route to higher levels this week. That is because of a lower weekly open, says a pseudonymous Twitterati. The analyst notified his followers about an early morning Bitcoin move on Monday – a sell-off that pushed the cryptocurrency lower from its Sunday high at $11,716. дальше »

2020-8-31 07:58

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Bitcoin Just Broke a Crucial Trendline as Bulls Take Aim at $12,000

Bitcoin and the entire crypto market have been flashing some signs of strength throughout the past couple of days BTC has firmly moved into the mid-to-upper $11,000 region, with bulls now trying to garner enough strength to push it up towards its high time frame resistance at $12,000 Whether or not this level is tapped in the near-term should offer some significant insights into its near-term trend Analysts are now pointing towards a recent trendline […] дальше »

2020-8-31 19:08

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It’s the “Moment of Truth” for Bitcoin as it Trades at a Crucial Level

Bitcoin has found some stability within the mid-$11,000 region following its recent dip towards $11,100 The cryptocurrency is now consolidating as it struggles to maintain its momentum, with bulls and bears largely reaching an impasse as it hovers at $11,500 Analysts are now noting that the benchmark cryptocurrency could be well-positioned to see significant near-term upside if bulls can defend a crucial technical level A failure for it to bounce here, however, could cause it […] дальше »

2020-8-29 19:16

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Here’s Why Bitcoin May Face a Harsh Correction Before It Can Rally Higher

Bitcoin is in the process of stabilizing following the swift rebound it incurred overnight This allowed the benchmark crypto to climb from lows of $11,150 to highs of $11,500, around which price it is now hovering around Analysts are noting, however, that there is a path forward for the cryptocurrency to see a much stronger correction than the one seen yesterday One trader is watching for a rejection at $11,700, as he notes that this […] дальше »

2020-8-29 02:00

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Bitcoin Has Reached a “Critical Juncture” as Analysts Set Sights on $11,800

Bitcoin’s price has seen a strong rebound from yesterday’s lows, with buyers ardently guarding against a dip into the sub-$11,000 region This has allowed the cryptocurrency to gain some slight momentum, although it remains down from its daily highs From a technical perspective, analysts are noting that Bitcoin is now at a “critical juncture” that will determine its near-term future One trader is setting his sights on a break above $11,800, explaining that sellers will […] дальше »

2020-8-29 21:00

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Bitcoin Could Plunge to Sub-$10,000 Before Rocketing Higher; Here’s Why

Bitcoin is flashing some signs of short-term strength as it rebounds from its daily lows This rebound, although strong, has not been enough to send it past any crucial support levels as of yet It also led BTC to see a strong rejection at just below $11,600, which is a sign of weakness behind this movement This rally came about as macro assets responded bullishly to the Fed Chairman’s speech regarding the Fed adopting a […] дальше »

2020-8-28 02:00

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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 […] дальше »

2020-8-28 21:00