CoinGape

CoinGape

Bitcoin struggles to defend $7,800 following a reversal from highs close to $8,500. The technical picture suggests that further declines are inevitable. The cryptocurrency market is retracing from the highs recorded this week. The entire market is down $9 billion amid a selloff that was anticipated by many analysts. Bitcoin’s surge to levels close to $8,400...

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Bitcoin loses ground above $8,000 following the rejection at $8,400. The bulls are banking on the support at $7,800 to push for a return into the $8,000 range. Bitcoin’s recent upsurge hit a daily supply zone slightly above $8,400. A reversal quickly ensued pushing BTC close to $8,000. However, the bulls rallied in support at $8,150 during the trading session...

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Bitcoin’s uptrend jeopardized by the strong resistance line. Support is expected at $8,200 and $8,000 in case bears launch a revenge mission. Bitcoin, the market leader among all the cryptocurrencies continues to be the pacesetter. Its price adjusted from December lows around $6,550 amid a generally bullish market. The downtrend from the highs posted in June...

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Bitcoin manages to stay in the green despite the reversal from the high formed around $7,642. The falling wedge pattern’s breakout continues to positively influence the price as the target stays on $8,000. Bitcoin lead market recovery on Sunday, which allowed cryptocurrencies to post gains the weekend before Christmas generally. Following last week’s breakout...

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Bitcoin breaks consolidation between $7,000 and $7,200 in favor of a breakout above $7,500. Technical levels are strongly positive even as the RSI ignores overbought conditions. Bitcoin futures contract on BitMEX exchange closed the week in the positive following a drab start on Monday last week. The action in the last seven days has brought both tears and joy...

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Bitcoin's three-months target is at levels not less than $10,000. The short term bearish bias trend means that Bitcoin could return under $7,000. Bitcoin has slowed down the action above $7,000. The impressive bullish momentum mid this week stalled short of $7,500. A reversal from the weekly high has been contained above $7,000. Trading at $7,143, the path of...

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Bitcoin settles in a range ahead of the weekend session. The resistance at $7,200 must come down for Bitcoin bulls to stay focused on higher levels close to $8,000. Bitcoin has entered into a new consolidation phase between $7,000 and $7,200. The relatively sideways trading comes after BTC corrected from a recent high close to $7,487. The session in the last...

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Bitcoin sustains the losses from $7,500 above $7,100 as a bullish momentum builds. Bitcoin renews the hope of trading above $8,000 before New Year’s as technicals improve. The pre-holiday volatility being experienced across the cryptocurrency market is a blessing in disguise. Many traditional shut the digital market because of the high volatility. However, the...

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Bitcoin pushes above $7,000 in what is believed to Santa finding his way to the crypto space. The bulls hold Bitcoin above $7,100 but the upside is capped by strong resistance zones. Bitcoin made a remarkable comeback into the $7,000 range on Tuesday. The reversal was quite unexpected and in my opinion, it is not fundamentally supported. Nonetheless, BTC...

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Bitcoin finds refuge above $6,500 but downside momentum is not over. The descending channel support and resistance suggest declines could cross-over into 2020. Bitcoin is exploring more of the downside and is vaguely concerned with the upside. The ongoing losses started a week ago when recovery from levels close to $7,100 failed to break the resistance at $7,700....

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Bitcoin extends the bearish leg, testing $6,600 amid growing pre-Christmas volatility. The formation of a double-bottom pattern is likely to boost BTC/USD above $7,000. Bitcoin is suffering losses close to 3% on Tuesday. The declines follow the destruction of the support at $7,000 during the American trading session on Monday. Initially, $6,800 stood in...

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Bitcoin's return under $7,000 further complicates the expected recovery towards $8,000. The potential for recovery will depend on Bitcoin’s ability to push gains above $7,000 in the short term. Bitcoin perpetual swap contract on BitMEX cryptocurrency exchange has no way of stopping the selling activity that befell it since the highs posted in June. Recovery...

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Bitcoin price trades lethargically under $7,100 and defending $7,000 support. The bulls refuse to give up home, especially with the formation of a falling wedge pattern. The cryptocurrency market continues to take a breather after a rough couple of weeks. Bitcoin tested $6,500 support in November before recovering slightly towards $8,000. A high formed at...