Bitcoin continues to move sideways after a few days since the infamous pump near $10,400 that closed with a wick. In the daily chart, levels remain the same with "resistance-turned-support" around 8,800 and resistance around $9,900 - $10,300. Intraday 4H chart provides a closer look of the price action, support sits around $8,800 and immediate...
After several tests and retests of the support at $7,700, Bitcoin finally broke down and is now trading at around $7,450. Bears have firmly taken control of price action and may look for even more room at the bottom as shorts continue to pile up. Technical indicators all show bearish momentum, with RSI barely avoiding oversold levels, long-ter...
Bitcoin closed red at $8,000 yesterday. Now it's back below again as of this time. The current range in the daily chart seems to hold well. Intraday price action in the 4H chart; price is back below the 50 MA and looks like an MA crossover is imminent. Now it's just a matter of time before either of the bulls or bears take control of...
Not much has been going on with Bitcoin as it remains in a range in the daily chart. This kind of price action would be best capitalized by traders who are more inclined to ranging markets. A retest/break of the resistance around 8,500 - 8,700 and price hold above 50 MA in the daily chart is a good indication that bulls still have strength lef...
Bitcoin's weekly support around $7,700+ is still holding as of this time. In the daily chart, Bitcoin remained sideways and will likely to remain within its current range if momentum doesn't pick up. If price picks up with significant strength from bulls, retest of its current resistance is possible.  Otherwise, a breakdown from support i...
Three Million To Go!Not much has been going on with BTC the past few days due to sideways price action but direction is still bleak and likely to go down further if bulls are not able to reclaim levels as it approaches the support in the daily chart. 4H chart also continues to form series of lower highs and lower lows as of this time. Immediate res...
BTC is on track to hit key levels in the daily chart as bearish momentum increases. In the daily chart, price is nearing the target immediate support around $7,800 - $8,000. On the other hand, intraday levels (in 4H) continues to get hit followed by lower lows. Until bids settle, BTC is poised to go down further. Key support in the daily chart sits...