Tag: Prices

Bitcoin’s bounce from key price support is struggling to gather traction. The top cryptocurrency by market value made a reversal from levels near $8,461 (Sunday’s low) during Tuesday’s US trading hours, rising to a high of $8,793 earlier today, according to CoinDesk’s Bitcoin Price Index. The bulls have defended the $8,460 level multiple times since […]

View Bitcoin’s case for a rally to $10,000 over the next few weeks looks stronger with the weekly MACD histogram about to turn bullish for the first time since August. Bitcoin is trading in a sideways manner in the $8,460-$8,750 range for the second day. A range breakdown could be followed by a quick slide […]

View Bitcoin’s dramatic overnight fall from $9,200 is telling a tale of buyer exhaustion. A break below Sunday’s low of $8,461 would invalidate the recent bullish trend and could yield a drop to $8,200-$8,000. Dips could be short-lived as the longer duration charts are still reporting bullish conditions. Bitcoin may make another attempt to pass […]

View Bitcoin has all but erased the day’s gains after pushing past the $9,000 resistance level this morning. A significant move back above $9,000 could trigger liquidations and a possible short squeeze across the market. Other cryptocurrencies continue to recoup losses from late 2019. Bitcoin’s bulls have failed to make a solid move above $9,000, […]

The bitcoin market is telling a tale of bullish exhaustion with indecisive price action following a rise to the highest point since November. The top cryptocurrency witnessed two-way business on Wednesday. Prices rose from lows near $8,550 seen during the Asian trading hours to a two-month high of $8,903, only to end the day (UTC) […]

View Bitcoin’s short-term technical charts indicate scope for a test of the 200-day average at $9,100. A breakout on a longer duration chart has opened the doors for a rise to $10,000 and above. An impending long-term bearish crossover on the three-day chart is a lagging indicator and is of little concern. The short-term bullish […]

The price of bitcoin (BTC) has risen once again after a successful launch of CME’s bitcoin options surpassed rival Bakkt on its BTC futures contracts in the first day of trade volume. On Jan. 14 at around 00:30 UTC, the price of the world’s largest cryptocurrency by market value rose above an area of resistance […]

View Bitcoin continues to lose altitude and risks falling to crucial support near $7,555. A UTC close below that level would invalidate an inverse head-and-shoulders breakout confirmed on Jan. 6. However, the pullback was based on low volumes and could be reversed. A move above $8,000 would imply an end of the price pullback and […]

Bitcoin has pulled back from seven-week highs above $8,400, but the bullish breakout confirmed on Jan. 6 is still valid. It’s been a low-volume price drop and could be reversed. The bullish case would weaken if prices find acceptance under key support at $7,567. Bitcoin has pulled back from multi-week highs, but is still hovering […]