Bitcoin Drops Below $30K for First Time in 4 Weeks
Wall Street is seeing “too much froth” and current virus jitters are triggering widespread panic selling of every top performing asset, including bitcoin, said one…
Tag: Technical Analysis
Bitcoin Trending Lower With Possible Break of $30K Support
If $30,000 is broken, the next level of support is seen around $27,000. Bitcoin (BTC) is stuck in a month-long downtrend as traders experienced choppy…
Bitcoin Holds $30K Support After Volatile Shakeout; Resistance at $36K
Bitcoin (BTC) returned above the $30,000 level on Tuesday after a volatile trading session. Buyers quickly stepped in as oversold conditions appeared on intraday charts.…
Bitcoin Struggles Below $40K; Upside Limited as Trend Weakens
Bitcoin (BTC) failed to sustain moves above $39,000 last week, which was followed by a series of lower price highs. There is strong resistance around…
Bitcoin Sell-Off Could Stabilize Around $42K Support
BTC remains under pressure and could find lower support near $42K as long-term momentum wanes. Sellers remained active on Wednesday as bitcoin (BTC) dropped below…
Bitcoin Stabilizes Near Support; Resistance Around $56K-$58K
Bitcoin (BTC) has fully recovered from Thursday’s price drop of almost 5%. The cryptocurrency was trading around $54,000 at the time of writing after holding…
Bitcoin Consolidates Below $56K Resistance as Buyers Lose Strength
BTC has remained in a consolidation phase since February. Bitcoin (BTC) is holding short-term support and was trading around $54,000 at press time. The cryptocurrency…
Bitcoin Uptrend Slows, Stays at $58K, Battles Resistance Near All-Time High
BTC is moving sideways as its short-term uptrend slows. Bitcoin (BTC) has been stuck in a range of $54,000 to $60,000 over the past few…
