CatalystsFinance

CatalystsFinance

Last night, the bulls beat back a $6,400 bear attack. In the morning they managed to develop the offensive and the price overcame the resistance of $6950, showing a maximum of $7,147 and went beyond the upper bound of the descending channel. Currently, the bitcoin price is about $7,000. Buy signal from $6,950 with targets of $7,200 - $7,400 is formed on the chart....

CatalystsFinance

Let's look at the market situation from the other side. A potential Head & Shoulder figure is formed on the chart. As we know, when the figure is confirmed, the price falls by the height of this figure, which means that the price of this pattern is about $6000. The price decrease from the maximum of $7450 on April 7th has formed a downward movement channel. The...

CatalystsFinance

During the last days we have been testing for the strength of the support zone - $6,800. The Bears are gradually clutching the price to it, not letting the bulls raise the price. A local resistance zone ~ $6,950 has been formed on the chart. The bulls need to fix the price above this mark, in order to beat the bears. On the daily chart, we see the uncertainties....