Things had changed dramatically for Bitcoin after the price broke below the 4h chart 200 moving average. Buyers had been unable to break back above the MA, despite a strong short-term bullish move and now it looks like they are being squeezed by the sellers towards a key support area.
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After a very impressive month of June, when Bitcoin managed to reach levels not seen since early 2018, the market sentiment seems to have taken a completely opposite direction in the past week, as the issue of cryptocurrency regulation returned into the spotlight. New US Congress hearings For the past
The list of Bitcoin critics added a new important name on Thursday, following the latest series of tweets of the US President Donald Trump. Warren Buffett, Jamie Dimon, and other notorious figures had several times expressed their negative views on Bitcoin, and despite that the price did not seem visibly
So far 2019 proved to be a much better-than-anticipated year for Bitcoin, as its price almost reached the $14,000 area on the Coinbase exchange. Optimism pushed Bitcoin past the $11,000 zone, but the last week and a half saw weakness unfolding in a pronounced fashion, and that’s not a good
The Bitcoin strength continues to be elevated as the price action managed to break above the key $10,000 resistance area and currently sits around $11,300 on the Coinbase exchange. As we’ve highlighted in our weekly crypto analysis, $10,000 was a key area to watch and since the buyers pierced through
Despite the overbought conditions, Bitcoin managed to hold its ground around the $8,000, as the buyers managed so far to cap the selling around the 4h chart 200 moving average. The support area we’ve mentioned in our last weekly crypto analysis held so far successfully, but will this be the
The month of June does not seem to start on the same upbeat tone as in May when the Bitcoin price surged impulsively right from the first day of the month. Following the best monthly performance since the end of 2017, Bitcoin weakness begins to show up, as it
The bullish move in Bitcoin continued at the beginning of this week, as the price managed to reach the $8,900 area for the first time since 11th of May 2018. It’s been more than a year since the Bitcoin price did not touch that area, which communicates the bullish momentum
With an impressive performance that drove the price upward by more than 100%, Bitcoin continues to dominate the cryptocurrency industry as the near term prospects are encouraging. The oldest and the most popular cryptocurrency still enjoy the most trust among investors, which is this year we could witness new derivatives
Bitcoin’s bulls run continues to edge higher, above anyone’s expectations and with the price, we are witnessing some fresh new records that show the momentum continues to be fueled by strong buyers. Since the beginning of May, Bitcoin had broken above the $6,000 psychological level and managed to reach a
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