Trader sentiment has turned bearish following Bitcoin’s (BTC) 11% slump this week. Although Bitcoin is taking support near $25,000, several analysts are factoring in another leg down toward the crucial $20,000 level. The weakness is not limited to the cryptocurrency markets alone. United States equities markets also witnessed a losing week. The S&P 500 Index…
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Bitcoin and most major altcoins are reeling under intense selling and charts suggest that the market sell-off is not complete. Source link
Markets continue to slump, giving advantage to the bears and hinting at a trend change to the downside. Source link
Bitcoin (BTC) is on track to form two successive Doji candlestick patterns on the weekly charts but a positive sign is that the price is sustaining above the 20-week exponential moving average ($28,072). This suggests that the bulls have not lost their grip. Popular trader TechDev used the three-week timeframe to show that Bitcoin’s compression…
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After today’s Bitcoin ETF decision delay, BTC’s boring price action looks set to carry on through the weekend. Source link
Bitcoin’s sharp recovery to $30,000 proves that bulls are buying BTC and altcoins at lower support levels. Source link
Bitcoin’s failure to rebound off strong support may open further downside as bears may be tempted to sell. Source link
Bitcoin (BTC) continued its boring price action over the weekend, indicating that the bulls and the bears are not waging large bets as they are uncertain about the next directional move. Nevertheless, traders should continue to keep a close watch because a period of consolidation is usually followed by an increase in volatility. Although it…
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Bitcoin continues to range trade, and altcoin traders are starting to view BTC’s price consolidation as a positive sign for the rest of the crypto market. Source link
Bitcoin is witnessing a strong battle between the bulls and the bears with the sellers currently holding a slight edge. Source link