Bitcoin continues to depreciate, with the price is within striking distance of the $7,000 milestone. The selling pressure has intensified after a break below the $7,200 intermediate support. On Tuesday, the coin is changing hands around $7,100, down 1.4% on the day.
The key reason behind the recent sell-off is a technical one. As the digital currency failed...
BTCUSD remains on the defensive, with the pair failed to stage a bounce over the weekend as attempts to break the local resistance around $7,600 attracted another sell-off towards the area close to the $7,000 threshold. The coin refreshed April 12 lows at $7,154 on Monday, and downside risks still prevail.
Despite the cryptocurrency market is quite...
Bitcoin dropped for the fourth day in a row yesterday, with the price derailed an important intermediate support around $7,400. The coin refreshed April 12 lows at $7,260 and trimmed intraday losses by the end of the trading day. During the morning hours Friday, BTCUSD licks its wounds in the $7,600 area but remains vulnerable to further losses.
This time,...
Digital currencies suffered badly on Wednesday, with most coins lost over 10%. Bitcoin broke below two important support levels at $8,000 and $7,800, and refreshed multi-week lows around $7,400. The coin is attempting to stage a recovery Thursday, but the impetus looks limited so far.
The technical picture has worsened significantly after a break below the...
BTCUSD trading range has tightened severely lately, with the pair is stuck between $7,800 and $10,000 since mid-April. But on Wednesday, the coin came closer to a major bearish breakout as the price dived under the critical $8,000 mark for the first time since April 19, down 2.1% on the day.
One of the reasons behind another leg lower is market nervousness...
Following solid gains over the weekend, bitcoin has resumed its downward path as the price faced a strong local resistance around $8,600 once again. The coin still holds marginally above $8,300, down 0.90% on the day.
The bearish mood around the digital currency has intensified amid the reports that state and provincial regulators in the US and Canada are...
A brief attempt to bring BCTUSD below the key $8,000 mark attracted a strong buying interest last week. Over the weekend, bitcoin has recovered decently but still holds below the $9,000 threshold, down over 1% on Monday. The immediate resistance comes in the $8,600 area which limits the upside potential since last Wednesday.
Despite Consensus 2018 failed to...
EOS, the fifth largest cryptocurrency by market capitalization, together with other crypto assets, felt way better on Thursday morning. During the Asian session, the coin tried several times to break the $14.00 mark in pair with USD. However, the European traders didn’t follow the Asian tendency, and by the time of writing, EOS/USD came back closer to the $13.00...
The current “Consensus 2018” in New York with well-prepared speeches, coffee breaks and hands shaking is a good relaxing event for people in the world of “crypto nerves”. However, at round tables “everybody is looking for something” exactly like “Eurythmics” sang: “Some of them want to use you, some of them want to get used by you…” Strange as it may seem at first...
