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After nine consecutive weeks of closing lower than the previous one, bitcoin finally managed to break this negative trend and marked its first green weekly candle since late March. This…
Bitcoin has experienced a choppy price action following nine consecutive red weekly candles. Over the past few days, the price has consolidated between the $28K and $31K range. This is…
Bitcoin is headed for the weekly close, and all eyes are on its price. The past nine weekly candles have been negative, and the question is if it will break…
The past seven days saw some action on the cryptocurrency market to the upside, and bulls were able to reclaim some $30 billion from the total capitalization. Unfortunately, the bears…
Bitcoin’s price has been consolidating for almost a month, as the price failed to break below or rebound from the $30K area over an extended period. This is a significant…
Over the past few days, Bitcoin’s price attempted to recover and increased from below $29,000 to slightly above $32,000 on Tuesday. Unfortunately, the buyers weren’t convincing enough, and bears intercepted…
It would seem that Bitcoin’s rally earlier this week was short-lived. The top cryptocurrency has again descended below $30,000, liquidating over half a billion dollars in leverage trades during the…
The $28K – $30K decisive demand zone and the channel’s mid-line have served as reliable support for the price in the past few days, leading to a 13% rebound. In…
Even though BTC was able to recover about $30K, it’s important to note that on a more macro scale, the situation remains the same. The cryptocurrency is still trading within…
A descending channel has accompanied Bitcoin’s price since setting a new all-time high of $69K, clearly indicating a bearish phase. The following is aimed at investigating and evaluating possible scenarios…