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149 0 2
The first bitcoin ETF is coming?

BTCUSD has surged past the $8,000 handle for the first time in two month on Tuesday, continuing its rebound from lows below $6,000. Bitcoin dominance rate also rose significantly over the last days – to 47%, the highest level since December last year, when the price reached all-time highs just below the $20,000 figure. The world's largest cryptocurrency by ...

98 0 1
Bitcoin approaches major resistance

Bitcoin staged an impressive rally last week and continues to perform quite well on Monday. The price has regained the 100-DMA at $7,600 and jumped to May 23 highs just below the $7,800 level which represents the immediate resistance for bulls now. The sentiment in the digital currency markets continues to improve due to a lack of negative headlines and ...

51 0 1
Bitcoin needs bullish confirmation

Buying interest in bitcoin has surged over the past week, with the price has eroded important resistance levels on the way to the $7,600 area which looks tough to be broken so far. This level has been capping bulls for a fourth day in a row, and the longer the coin remains below it, the higher the risk of a retreat. Sentiment in the cryptocurrency markets has ...

72 0 1
Bitcoin will resume the ascent after a pause

Bitcoin price has stabilized after an impressive rally. The coin faced a tough local resistance just below the $7,600 area and has retreated partially since then. The technical picture has improved significantly after the recent breakthrough as the price has recovered above the 10- and 50-DMAs and almost reached the 100-DMA. The digital currency is driven ...

141 0 1
Bitcoin: reversal pattern confirmed. What next?

Bitcoin has finally surged past the $7,000 mark after a break above the $6,800 resistance which capped gains since June 10. As a result, the coin has been testing the $7,500 area on Wednesday for the first time in more than a month. The latest movements may signal a major change in industry sentiment. There were quite a lot of bullish factors in the market ...

89 0 1
Bitcoin is getting healthier

Bitcoin rallied decently on Monday, with the price has easily jumped above the 10-DMA, up to the $6,700 area. BTCUSD has been extending gains for a fifth day in a row today, with the coin is trading within striking distance of the $6,800 key local resistance level which is limiting the upside momentum for over a month already. The bullish catalyst came from ...

122 0 1
Bitcoin stuck in limbo

BTCUSD had a viable weekend, with the pair has appreciated and thus has trimmed its weekly losses. Nevertheless, the coin remains stuck in limbo, being shut in a limited range of $6,000-$6,400 for the last six days. The market obviously lacks fresh catalysts and headlines to stage a more vivid movement in either direction. The digital currency returned most ...

63 0 2
Bitcoin swings between gains and losses

BTCUSD has been changing hands in the $6,200 area, with a mildly positive bias after a bounce from the $6,000 key short-term support. The digital currency, which continues to swing between gains and losses, managed to hold above this psychological level yesterday, but it remains to be seen if it can build the recovery traction. The industry sentiment remains ...

68 0 2
Bitcoin maintains stability – good sign in the longer term

Bitcoin failed to keep gains above the 10-DMA earlier this week, which triggered a more aggressive sell-off. The coin has extended its slide to the $6,000 key figure on Thursday and remains under pressure. The digital currency is still vulnerable to further losses and could challenge the important support in the nearest future if the bulls don’t enter the game ...

91 0 3
Bitcoin may rise above $7,000

BTCUSD pair is changing hands around $6,600 on Tuesday after another failed attempt to challenge the $6,800 key immediate resistance on the way to the $7,000 threshold. The optimism has been gradually abating after the prices rose decently during the weekend, but in a wider picture, the technicals continue to point to increasing bullish opportunities. The ...

144 0 2
Bitcoin may rise above $7,000

BTCUSD pair is changing hands around $6,600 on Tuesday after another failed attempt to challenge the $6,800 key immediate resistance on the way to the $7,000 threshold. The optimism has been gradually abating after the prices rose decently during the weekend, but in a wider picture, the technicals continue to point to increasing bullish opportunities. The ...

88 0 2
Bitcoin: it’s all about market sentiment

BTCUSD staged the second weekly gain in a row last week and attempts to preserve the upside bias on Monday. The price has reached the $6,800 key resistance area on Sunday but still lacks the buying pressure to stage a more sustainable ascent from lows below $6,000 reached last month. The market sentiment seems to be improving gradually due to a lack of fresh ...

195 0 1
Bitcoin bulls lack impetus

The sentiment in the cryptocurrency industry has been fairly robust these days, with bitcoin tries to tend higher within the established channel. However, the digital currency still lacks buying interest to challenge the top of this channel at $6,800. The BTCUSD pair keep above the $6,000 area, which is a positive sign for bulls, trying to push the coin ...

80 0 1
Bitcoin needs to step out of its comfort zone

Bitcoin price action has been rather muted lately, and it looks like the cryptocurrency has found its comfort zone below the key $6,800 resistance. The bulls lack incentives to push the price above this barrier as the general market sentiment remains neutral for the time being. For the current picture to change, BTCUSD needs to step out of its familiar ...

70 0 2
BTCUSD needs more buyers

BTCUSD is making a limited downside correction on Wednesday, with the $6,700 area remains the key immediate obstacle for buyers. The pair has been rejected from this area once again and now tries to stay relatively afloat above $6,400, which is the nearest support. There are no any fresh catalysts in the market this week, and the dynamics is mostly attributed ...

94 0 1
Bitcoin needs to keep the recovery impetus

Bitcoin was trading up almost 5% on Monday after a decent recovery over the weekend. The price surged above the $6,600 area, to 11-day highs. Other coins also rallied significantly, which helped the market to trim losses after aggressive declines. The bullish catalyst for BTCUSD was the report that the largest US cryptocurrency exchange Coinbase announced ...

108 0 1
BTCUSD wants to form a bottom

Over the weekend, the pair has attracted demand close to 2018 lows and briefly jumped to the $6,500 area for the first time since June 22. The price has retraced since then, but remains above the $6,000 threshold, and now the $6,500 region is considered as the major immediate resistance. The digital currency closed the week marginally higher. Though is ...

185 0 2
Bitcoin at dangerous levels

Bitcoin failed to keep above the $6,000 key threshold and dropped to the $5,800 area during the early hours on Friday. There were no any obvious catalysts behind the latest move which seems to be just a continuation of the bearish trend remaining intact since mid-December. In a wider picture, the selloff has accelerated in recent weeks amid the renewed ...

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