Bitcoin is extending its decline below the $45,500 and $45,000 support levels. The BTC/USD pair price is now trading below $44,800 and merely above the 100 hourly simple moving average. There is a key bearish trend forming with resistance near $45,800 on the 4-hourly chart today. if Bitcoin fails to stay still above 100 hourly MA, it might dip further and the...
Bitcoin bounced from the support of $37,486 and rallied to $45,000 during the weekend. On Monday, Bitcoin and other cryptos saw minor corrections with Bitcoin dropping to $42,800. On the 1-day chart, MFI signals that Bitcoin is in the overbought zone. We can observe that selling pressure is stronger than buying pressure, and retail buyers driven by FOMO are...
After a retest to $42,500, bitcoin lost momentum and extended its decline below the 100 hourly simple moving average. Bitcoin continues its pullback on August 4, falling below $38,000 resistance, and now enters the tight range of $37k-$39k. If BTC fails to reclaim the $39,000 resistance level, it could risk a drop further to $35,000. Downside price retracement...
Despite once fell to $36k, Bitcoin's rebound continues on the morning Asian trading session, as bulls continue to push the price upwards. BTC has now broken through the $40,000 mark. On the daily line, MFI continues to rise, indicating that Bitcoin could rise further with enough buying pressure. On Balance Volume is consolidating. Now $39,100 would be an important...
Bitcoin is still trapped between $33,000-$35,000, with limited power to flip the $35k into resistance. Bitcoin briefly touched $35,000 but soon lack momentum and declines all the way to $29,800 on July 8. The BTC/USD pair is now trading below the 100 hourly simple moving average and the 23.6 Fib retracement level. Bollinger Bands were observed to converge on...
At the time of writing, Bitcoin, BTC to USD, was down by 0.9% to $33,897. Bitcoin would need to move back through the $34,500 to bring the first major resistance level at $35,500 into play. Bitcoin shows signs of a rebound as it hit $33,128 and increased to the $34,000 range. Bears and bulls are wrestling with each other, but the price of bitcoin shows no sign...
It is reported that Maxine Waters, chairman of the U.S. House of Representatives Financial Services Committee, said at a hearing on cryptocurrency by the Supervision and Investigation Subcommittee that the committee has begun a thorough investigation of the crypto market. When trying to better regulate cryptocurrencies (including cryptocurrency issuers, exchanges,...
Bitcoin was reorganized and tested to $8,500 early morning. It can be seen that the relatively strong support of the bear side is still slightly weaker, and eventually it successfully broke through the position, ushering in a short-term rebound. Then the price fluctuates at $8,800-$8,500 eare to prepare the energy for the later offensive. Both short-term and...
Yesterday, it directly fell below the $8,000 support level as low as $7,775. It quickly rebounded but it did not stabilize. the price continued to oscillate around $7,900 and then entered a downward trend of shock. After being blocked at that position, it quickly fell back to test the $7,740, where it was effectively supported and rebounded to $7,800. Today's...
At present, the United States and Iran have each given their own steps, and the conflict should not intensify for the time being. As a result, the entire market has a negative panic selling, and the bookmaker is unable to accept the order, causing the price to fall sharply. However, the current trend is no longer in line with the original intention of the dealer,...
Bitcoin continues to surge today. It is still a new level compared to yesterday. It changed from $7,500 to $8,000 yesterday. Today it rose from $8,000 to $8,500, and it advances $500 points in turn. This speed is indeed amazing. When the market just reversed, I felt that 8k was very far away. At present, it seems that 10k is insight. The rise of bitcoin in the...
The price continued to rise above the previous high of $7,950, showing the madness and ambition of the bulls. Public predictions are that the price of Bitcoin will never drop below $ 7,000. After the breakthrough of the pressure of $7,850, many traders were rescued, and the cost under the dealer will be relatively high, so it is necessary to continue to rise in...
At present, I believe that everyone is paying attention to the news of Iran and the United States. Commodities and bitcoin have soared for a time. We continue to pay attention to preparing for defense. but it is certain that Will definitely have an impact and will stimulate the market to rise. Bitcoin also has certain hedging functions, so if contradictions...
Yesterday, I recommended a short strategy. Congratulations to my friends who kept up with this wave of operations and gained a lot. today the price dropped all the way from $7,149 to $6945. After maintaining a 6-hour interval shock, it descended to the $6,871. Then it moved up to $7,962. The current price is $6,949. According to the current market trend,...
BTC consolidated in a narrow range yesterday. The trading volume was small, and the market sentiment was low because of the end of the year (holiday season). The bulls failed to form an effective counterattack situation. It can be seen that the bulls are still very weak. It is expected that the first phase of this time will reach the range of $7,000-$7,080...
So bless all of you Good Luck in the New Year 2020! The market has fluctuated repeatedly over the past two days, and there are winners and losers in both long and short positions, but for now, the shorts are still slightly stronger. The market is still in a weak downward trend, and the rebound is weak. It is expected that the market will continue to challenge the...
the lowest hit $6,430 while the bulls started to rebound. this is the most intense rebound recently, the short order was severely exploded, up to $7,437. after a strong rise of 1000 points, it was hindered to fall and is currently oscillating around $7,150. the rally is only temporary. You can see that the trend above the level next week is still a short...
The bulls failed to break through the $7,500 again yesterday, and the highest rushed to $7,479 and then fell back to the $7,270 currently oscillating around $7,300-$7,400. It can be seen that $7,500 is important resistance, and subsequent price upwards will focus on 7500. For the 4 hours chart, Bollinger Band is opening upwards, the current price of $7,400...