There was also a break below a major declining channel with support near $52,800 on the hourly chart of the BTC/USD pair. It is near the 23.6% Fib retracement level of the recent drop from the $55,493 high to $50,512 low. The 50% Fib retracement level of the recent drop from the $55,493 high to […]
Bitcoin price started a sharp decline after it broke the $60,000 support zone against the US Dollar. This past week, bitcoin price saw a decent increase above the $62,000 resistance against the US Dollar. However, there was a substantial downside correction from well above $62,000 in the past few sessions. The bears were able to […]
The monthly candle at current levels will close as a doji, signaling indecision, and a potential reversal ahead. The scarce BTC supply suggests these are still early days and there’s a lot more ROI to go, potentially reaching prices of hundreds of thousands each in the future. Bitcoin profits being taken and flowing into altcoins […]
Bitcoin price traded to a new all-time high near $64,892 before correcting lower against the US Dollar. It traded to a new all-time high at $64,892 before it started a downside correction. The price declined below the 50% Fib retracement level of the upward move from the $59,700 swing low to $64,892 high. However, the […]