The past week was concerning for Bitcoin bulls, as the BTC price plunged below $8,000. The volatility around this price level and the technical behavior observed on the charts gave traders plenty of room to work with. Fears of a
Bitcoin Bitcoin’s price is shuffling around $8,000 which is also the support in this range. The situation hasn’t changed a lot since the previous week. Resistance is built around the 200MA at $8,400. The triangle that we see on the
We saw a week of action throughout the entire crypto market. Bitcoin’s price plunged, painting the entire market red. Of course, altcoins also plummeted against the USD but remained relatively stable against Bitcoin. The whole market seems to be under
Bitcoin We saw a sharp correction with a high trading volume which dragged the price down to the Fibonacci levels at 0.618 within the $7,800 range. That’s a support line and if we break past through it to $7,200 we
News in the crypto market continues to pop as Bakkt’s futures caught the headlines this week. However, launching the platform failed to affect the price as many expected and it seems to have become a “sell the news” event as
Bitcoin The support around $10,000 did not hold. The price dropped and examined the support levels around $9200. The chart shows a resemblance from when Bitcoin went from $6000 to $3200, but it is unclear whether it will actually repeat
The Bitcoin price has remained relatively stable in recent days. However, we have seen such periods in the past, and based on its past behavior, we can assume that another move is around the corner. Bitcoin’s stability in recent days has
Bitcoin Those who follow cryptocurrency market analysis can see the triangle and the convergence on the chars. The small trading volume also shows the fear index in the market. Resistance in this range is at $10,500, which is around the
Cryptocurrency news keep coming hot for yet another week of interesting events as the altcoin market is seemingly waking up. However, the market is in no hurry to buy the news and it doesn’t appear that we will see another
Bitcoin We saw an attempt to break through the $11,000 resistance but it failed and we came back to test the support at around $10,200. The entire market anticipates the convergence of the triangle and we also account for a
