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Bitcoin Bulls Not Out of Woods, Wait For Break Above $7.5K

Bitcoin price is currently consolidating above the $7,200 and $7,150 support levels against the US Dollar. The price is likely to climb higher again unless there is a daily close below $7,000. There is a key bearish trend line forming with resistance near $7,240 on the hourly chart of the BTC/USD pair (data feed from... The post appeared first on NewsBTC. дальше »

2019-12-31 08:30


Sorry Bulls, Bitcoin to Remain in Firm Downtrend Until This Key Event Occurs

Bitcoin has continued trading sideways within the lower-$7,000, with this latest bout of consolidation coming about after a failed attempt by BTC’s bulls to spark a rally yesterday. Bull’s inability to sustain any significant upwards momentum points to underlying weakness amongst buyers and may signal that further losses are imminent. дальше »

2019-12-31 02:00


Sorry Bulls, Bitcoin Indicator That Called 50% Decline Still Flashing “Sell”

Since Bitcoin (BTC) bounced cleanly off the macro $6,400 support earlier this month, analysts have been wondering if the pain is over for the cryptocurrency market. According to two key trend indicators, which predicted previous bear markets and bull markets, the medium-term to long-term trend remains bearish, unfortunately enough. дальше »

2019-12-26 00:00


Analyst: here’s why Bitcoin is bound to see further bullishness despite $7,700 rejection

Bitcoin’s bulls took a hit today after the cryptocurrency faced a violent rejection at $7,700 that led BTC as low as $7,250 before it found enough support to halt this downwards movement. It is important to note that recent fundamental and technical developments still heavily favor the cryptocurrency’s buyers, which may mean that this latest […] The post Analyst: here’s why Bitcoin is bound to see further bullishness despite $7,700 rejection appeared first on CryptoSlate. дальше »

2019-12-24 06:16