Bitcoin Bears Rejected $7,300, Price Vulnerable Below $7K

Bitcoin Bears Rejected $7,300, Price Vulnerable Below $7K

Bitcoin was rejected on a few occasions near $7,260 and $7,300 against the US Dollar. The price is currently declining and it remains at a risk of more downsides below $7,000. There is a declining channel forming with resistance near $7,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is … Read more…

Ethereum at Potentially Key Turning Point, Bitcoin Holding $7K

Ethereum at Potentially Key Turning Point, Bitcoin Holding $7K

Ethereum is still trading above the $122 and $125 support levels against the US Dollar. The price could start a decent increase above the $128 and $130 resistance levels. This week’s major bearish trend line was breached with resistance near $126 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin spiked above $7,300, … Read more…

Bitcoin Stuns Bears — Soars $800 Back Over $7K to Fill Futures ‘Gap’

Bitcoin Stuns Bears — Soars $800 Back Over $7K to Fill Futures ‘Gap’

Bitcoin (BTC) price is currently in the process of a strong reversal, which has seen the digital asset quickly recover 8.16% to trade slightly above $7,200.  On Dec. 17 the digital asset broke below the $6,800 support level and swiftly commenced a tumble to the $6,450 support where it bounced of the lower support of … Read more…

Bitcoin (BTC) Breakdown Below $7K Looms, Can Bulls Bounce Back?

Bitcoin (BTC) Breakdown Below $7K Looms, Can Bulls Bounce Back?

Bitcoin price is trading in a bearish zone below the $7,200 resistance against the US Dollar. The price is currently struggling to stay above the $7,000 support area. There is a connecting bearish trend line forming with resistance near $7,120 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is … Read more…