online resources

 Bitcoin Technical Analysis: BTC Blasts Through Triangle Resistance, All Eyes On $10,800

Bitcoin bulls are working hard to nurture momentum above $10,300. BTC/USD is focused on climbing above $10,400 resistance and grinding to $10,800 after triangle breakout. Following Bitcoin price breakdown from levels marginally above $12,000, the flagship cryptocurrency has been stuck below $10,400. On the downside, $10,000 is mostly strong support but there are occasions where Bitcoin has dipped to lower levels as far as $9,800. At the time of writing, BTC is doddering at $10,304 after a subtle 0.75% growth in its value on Wednesday, September 10, 2020. BTC/USD 1-hour chart Read more BTC/USD price chart by Tradingview Meanwhile, the…

Continue Reading  Bitcoin Technical Analysis: BTC Blasts Through Triangle Resistance, All Eyes On $10,800

Bitcoin Price Prediction: BTC Holds In A Range, Is It Time To Buy The Dip?

Bitcoin price breakouts from a minor short term double-bottom pattern but fails to rise above $10,400 resistance. Bitcoin could be on its way to $12,000 as long as the range resistance at $10,600 is broken. Bitcoin price has been trading in a narrow range between the recently established support at $9,900 and the resistance at $10,600. The drab trading is taking place after last week’s sharp plunge from highs above $12,000. The losses were not unique to the flagship cryptocurrency because both major and minor cryptoassets lost key positions and explored lower levels. BTC/USD 1-hour chart Read more BTC/USD price…

Continue Reading Bitcoin Price Prediction: BTC Holds In A Range, Is It Time To Buy The Dip?

Bloodshed As Bitcoin Price Plummets Below $10,000

Bitcoin price extends the bearish leg to areas marginally below $10,000 after numerous trials to sustain gains past $12,000. Bitcoin price path of least resistance is now upwards following oversold conditions; support above $10,300 is essential. The leading cryptocurrency gave in to the apparent selling pressure in the market. However, this time, the fall was nothing compared to what we have in in the last two months. From highs marginally above $12,000, Bitcoin initially found a pit stop at $11,100 (a popular support area in August). Recovery was immediate but the flagship cryptocurrency failed to break above $11,500. The impact…

Continue Reading Bloodshed As Bitcoin Price Plummets Below $10,000

Bitcoin Price Analysis: BTC/USD Slump Under $11,000 Seems Inevitable

Bitcoin loses ground from $12,000 to retest support at $11,100. A recovery pulled above $11,400 but BTC is not out of danger yet, especially if the price slides below the Ichimoku cloud. Bitcoin price has explored lows towards $11,000 once again. The largest cryptocurrency embarked on a support smashing exercise after failing to hold above $12,000 following a significant breakout on Monday. Bearish control is widespread across the market with other major digital assets like Ethereum and Ripple posting similar losses. At the time of writing, Bitcoin has recovered above $11,400. If bulls increase their entries, they might create more…

Continue Reading Bitcoin Price Analysis: BTC/USD Slump Under $11,000 Seems Inevitable

Bitcoin Price Analysis: BTC/USD Stalls Under The 50% Fibonacci Levels, What To Expect?

Bitcoin price embraces support at $11,400 following a rejection from levels slightly above $11,500. BTC/USD is likely to dive back to $11,000 in a bid to gather the strength for the much-awaited breakout to $12,000. Bitcoin price is hovering below $11,500 following another failed attempt at sustaining gains above $11,500. However, it is impressive that the largest cryptocurrency is holding above $11,400 following the recent slump that tested $11,100. BTC/USD immediate upside is limited by the 50 Fibonacci retracement level taken between the last swing high of $12,488 to a swing low of $10,542. Also standing in the way of…

Continue Reading Bitcoin Price Analysis: BTC/USD Stalls Under The 50% Fibonacci Levels, What To Expect?

Bitcoin Price Prediction: Is BTC/USD Support At $11,000 The Springboard To $14,000?

Bitcoin stays above $11,000 following a rejection from levels slightly above $11,300. Mike Novogratz. The CEO of Galaxy Digital believes Bitcoin is on its way to $14,000 by October. Bitcoin recovered the ground lost when it slipped under $11,000 on Tuesday. For a period of time, the largest cryptocurrency was stuck between the support at $10,800 and the resistance at $11,000. The level at $10,900 also became instrumental in the recovery witnessed on Thursday. Related reading: BTC-ETH Price Correlation Drops; Is Another Bitcoin Bull Run Approaching? BTC/USD reclaimed the position above $11,000 at some point stepping above $11,300. However, the price…

Continue Reading Bitcoin Price Prediction: Is BTC/USD Support At $11,000 The Springboard To $14,000?

End of content

No more pages to load