Ripple extends bearish correction from $0.25 weekly high, targets $0.22. Technicals could remain bearish throughout the American session on Thursday. Cryptocurrencies across the board are sinking deeper into the rabbit hole. Altcoins like Ripple are erasing the gains accrued in the last one week. XRP, for example, is extending the bearish pressure from the...
Bitcoin holds above $8,500 after the support at $8,600 gave in to the selling activity. The bearish correction could be a reflex action to create fresh demand for BTC in a bid to push towards $9,200. Bitcoin has had an interesting start of the year following the bull-run that catapulted it from lows at $6,500 in December to highs close to $9,200. The gains...
Bitcoin price quickly reclaims ascending channel support in a bid to break $8,800 resistance. The support at $8,500 has proved to be essential to Bitcoin’s uptrend in the last few days. Bitcoin price is exchanging hands 0.20% lower on Wednesday towards the end of the Asian session. The trend has been mostly bearish since the opening. However, the American...
Bitcoin price continues in consolidation above $8,600 support. The channel support has been tested twice and is likely to be the stepping to for Bitcoin’s ascend to $9,000. Bitcoin is showing strength and determination to sustain the shallow recovery made from the support on Monday at $8,500. Unfortunately, not much of recovery movements are being observed at...
Ethereum gears up for another lift-off as technicals fall in line. Ethereum emerges bulls above the 50 SMA in its short term trendline analysis. Ethereum bulls appear to be gathering once again following the battering experienced on Monday. Moreover, the bulls were quite disappointed when the price failed to break above the resistance at $180 on Sunday....
Bitcoin settles between $8,600 and $8,750 as bulls lick the wounds from the fall at $9,200. If the support at $8,600 fails to hold, the ongoing consolidation could end up in declines towards $8,000. Bitcoin continues to the bullish action from January 14 in an interesting surge above $9,000. There was an attempt to break above the rising channel resistance at...
Bitcoin barely stays above $9,000 after selling pressure reversed the gains made over the weekend. Sideways trading is likely as shown by the ranging RSI beneath the resistance at 40. Bitcoin majestically cleared the resistance at $9,000 over the weekend. For the first time in 2020 Bitcoin bulls managed not just to push the price above $9,000 but also extend...
Bitcoin breaks the $9,000 resistance but fails to sustain the gains. A reversal could be necessary for Bitcoin to create fresh interest from the bulls. Bitcoin is still the cheerleader in the cryptocurrency market. Besides, it is the largest digital asset and by far the most traded. Its impact on the altcoin market continues to be felt more than a decade...
Bitcoin retakes the support at $8,800 amid renewed bullish strength. Resistance at $8,900 and $9,000 must come down for Bitcoin to avoid losses towards $8,000. Bitcoin recently soared to higher levels compared to the ones traded at the beginning of the year. The price cleared several barriers including $8,900. However, the momentum lost its mojo before testing...
Bitcoin opens the Pandora box with the retreat to $8,600. The correction to $8,400 might be necessary for the creation of fresh demand to aid in the recovery journey. Bitcoin is trading 1.34% lower on the day amid a generally retracing cryptocurrency market. The losses occur after a bullish week that saw BTC surge incredibly to highs almost touching $9,000....
Bitcoin hits the pause button before testing $9,000; correction is under towards $8,400. Bitcoin upward correction is likely to hit more hurdles especially with the formation of the rising wedge pattern. The cryptocurrency market is painted red every as corrections from the recent high catch momentum. Bitcoin has already suffered a 2% loss on Thursday as the...
Interest continues to build towards Bitcoin as the $9,000 level beckons. Bitcoin likely reversal will find support at $8,700, $8,500 and $8,400. Bitcoin keeps soaring to new 2020 highs ahead of the May halving event. It has been predicted that the asset will grow significantly in value following the scarcity and demand likely to be created by the Satoshi...
Bitcoin returns above $8,500 carrying the entire cryptocurrency market into the green. Bitcoin reversal seems imminent, especially if the RSI exits the overbought region. Bitcoin has maintained a bullish mood on Tuesday to the extent of jumping above $8,500. The growth follows three days of dealing with the pressure from the selling front. The weekend was...
Bitcoin soars above $8,400 in an unexpected recovery mission. As the RSI retreats from the overbought, Bitcoin targets $8,200 on the downside. The battered bulls majestically rose from the ‘crypts’ of hibernation they went through the entire weekend as well as on Monday. The retracement put to risk the support at $8,000, inconsiderate of the hard work put in...
Bitcoin bulls are intentional in containing the daily losses above $8,000. The technical picture hints that consolidation is likely above $8,000 in the near term. Bitcoin is facing losses on the first day of this week’s trading. The declines are an extension of the rejection at $8,200. On Friday last week, BTC bulls pulled the price from the depression that...
Bulls fight tooth and nail to hold Bitcoin above $8,000. The $7,000 range is beckoning even as Bitcoin’s technical levels align in the favor of the sellers. Bitcoin spent the entire weekend battling to reverse last week’s bearish action. The losses from the resistance at $8,464 had found refuge above the 61.8% retracement level taken between the levels...
Bitcoin bulls must defend the support at $7,800 to avoid losses targeting $7,600 and $7,400. Both the short term and long term analyses show that Bitcoin bullish mojo is still intact. Following a formidable surge from December lows to new 2020 highs above $8,400, Bitcoin retraced under $8,000 almost immediately. The reason behind the fall is not clear,...
Bitcoin nurtures a possible short-term triangle breakout, aiming for $8,400. Short term technical analysis suggests that Bitcoin will consolidate the losses above $7,700. Bitcoin long traders are started to get in line following the breakdown from the recent high at $8,464. The data provided by Datamish, a platform that tracks BitMEX Bitcoin contract trading...