A break could be imminent as bitcoin has been consolidating for three days. But while the charts say bullish, plenty of resistance awaits.
Bitcoin’s price pullback is seen yielding a more sustainable rally to $8,000, according to technical studies.
Bulls are back with a vengeance as shown by a 100 percent increase in trading volume from just four days ago.
Bitcoin could witness a minor technical correction before rising to the $8,000 mark.
Bitcoin is on the rebound entering Wednesday, and three trading indicators suggest the charts are changing in the crypto asset’s favor.
Bitcoin’s price shot well above $7,000 Tuesday in a dramatic move.
BTC found acceptance above the 50-day moving average support on Monday, however, a bull reversal is still not confirmed.
Bitcoin is inching its way closer to the $7000 dollar range, but there are key technical hurdles in its way to greener pastures.
The lowest trading volume since November 2017 is slowing up bitcoin’s price recovery.
Bitcoin (BTC) could soon test $6,400, having seen a high-volume reversal from the two-week lows hit yesterday.
A charting pattern suggests the bitcoin price might be able to successfully defend $6,000, despite a tug-of-wars between bulls and bears of late.
Bitcoin risks falling below $6,000, the bearish continuation pattern seen no the hourly chart indicates.
Litecoin is reporting gains on Wednesday, following news that its foundation has acquired a stake in a German bank.
All is not lost for the bulls as BTC could create a major bullish reversal pattern over the next few days.
A daily close (as per UTC) below 10-day moving average would abort bitcoin’s short-term bullish view.