Bitcoin has appreciated over the weekend and finished the week with a 5% gain. The price struggles to keep the bullish momentum on Monday, though it keeps above $7,500 so far, so another upside break is still on the cards. Interestingly, the dollar mostly shrugged off the impressive US employment data on Friday, which suggests the USD bulls are apathetic for...
Bitcoin managed to stay afloat yesterday and as a result, closed just below the $7,600 resistance level which continues to cap bullish attempts. The cryptocurrency looks set for further rise but still lacks momentum in the directionless market on Friday. In the short-term charts, BTCUSD is stuck between the $7,400 and $7,600 figures, with recent bias signals...
Bitcoin fails to stage a meaningful recovery this week, with the price struggles to overcome the key immediate resistance at $7,500. BTCUSD needs a clear break above this threshold in order to show a more sustainable upside bias, but obviously lacks momentum so far. The coin is attempting to erode the barrier on Thursday, up 3% on the day. Some bearish...
Bitcoin price has recovered strongly on Tuesday, with the price jumped from fresh 1.5-month lows around $7,000 to the $7,500 area. Today, the coin is trading flat on the day and struggles for direction amid relatively low trading volumes. There were two reasons behind the recent short-term price spike. The first driver is the technical one. The $7,000 area...