Key points: Bitcoin is attempting a recovery from the $84,000 level, but the bears continue to sell on rallies. Several major altcoins are struggling to start a recovery, but Bitcoin Cash looks strong in the near term. Bitcoin (BTC) rose above $89,000 after the Bank of Japan (BoJ) hiked its rates to around 0.75% on…
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Key points: Bitcoin failed to hold above $90,000, indicating a lack of demand at higher levels. Several major altcoins started a recovery, but the higher levels attracted solid selling pressure from the bears. Bitcoin (BTC) bulls pushed the price above $90,000 on Wednesday, but higher levels attracted selling by the bears. Spot BTC exchange-traded funds…
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Key points: Bitcoin attempted a recovery on Monday, but renewed selling pressure threatens to pull the price to $84,000. Several altcoins are attempting to hold above their support levels, but the bounce lacks strength. Bitcoin (BTC) attempted a recovery on Monday, but the bears continue to exert pressure. Trader CrypNuevo said in a thread on…
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Key points: The failure of the bulls to maintain Bitcoin above $94,050 has renewed selling, opening the doors for a fall to $87,700 and then to $84,000. Most major altcoins remain under pressure and are threatening to challenge their recent lows. Bitcoin (BTC) is stuck inside a narrow range between $94,588 and $89,260, indicating indecision…
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Key points: Bitcoin is facing significant selling at the start of the new week, with some analysts expecting a drop as low as $50,000. Several altcoins turned down from their overhead resistance and are threatening to dip below their support levels. Bitcoin (BTC) began December on a weak note, signaling that the bears are not…
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Key points: Bitcoin has reached a crucial overhead resistance, where the bears are expected to mount a strong defense. Several major altcoins are attempting a recovery, which is likely to be met with selling pressure at higher levels. Bitcoin (BTC) recovered above $93,000 on Friday, but the bulls are struggling to sustain the higher levels.…
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Key points: Bitcoin has been facing selling near $89,000, but the bulls have not given up much ground, suggesting a rally to $93,500. Several major altcoins have started a recovery, but they are likely to face selling at higher levels. Bitcoin’s (BTC) recovery is losing steam as bears attempt to sustain the price below the…
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Key points: Bitcoin is attempting a recovery from $80,600, which several analysts believe to be a bottom. Several altcoins are struggling to start a rebound, indicating a lack of demand from buyers. Bitcoin (BTC) dropped roughly 8% last week, but lower levels attracted buyers. The bulls are striving to push the price above $88,000 at…
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Key points: Bitcoin has been facing intense selling pressure, opening the doors for a fall to the crucial support at $73,777. Several major altcoins have slipped below their support levels, indicating that bears remain in firm control. Bitcoin (BTC) attempted a recovery on Friday, but the bears continued to exert pressure, bringing the price as…
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Key points: Bitcoin attempted a recovery on Tuesday, but the market open on Wednesday saw bears applying pressure at the intra-day range highs. Several altcoins are falling toward critical support levels, signaling that the bears remain in control. Buyers are trying to sustain Bitcoin (BTC) above the $90,000 level, but the bears continue to build…
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