Bitcoin Could Shed 20% & Drop to $7,400 Because Bulls Look Exhausted

Bitcoin’s impressive parabolic run may have come to its conclusion. On July 11, we warned investors that the No. 1 cryptocurrency would falter to $9,000 as it flailed overheated signals. At the time, bitcoin was bouncing and market participants were expecting a new 2019 high as the market threatened to breach resistance of $12,000. However, the cryptocurrency lost its bullish steam and it is now trading at approximately $9,700. As bitcoin continues to show signs of weakness, it could drop by another 20 percent, approximately. The price could even hit…

Bitcoin (BTC) Bulls Resigned, Prices Slump 24.6% In A Rout

Bitcoin (BTC) is down 24.6 percent Governments ready to tame cryptocurrencies as they avert a possible clash with central banks According to analysts, governments and regulators are planning to “kill” cryptocurrencies and Bitcoin. That’s because of their decentralization and ability to empower end-users. Meanwhile, BTC is printing double-digit losses, sliding 24.6 percent week-to-date. Bitcoin Price Analysis Fundamentals Blockchain is said to be the most significant innovation in the 21st century. And gladly, it is not rocket science to figure that out. From Satoshi’s ambition of seeing complete decentralization of power,…

Bitcoin Price (BTC) Testing Crucial Support: Can The Bulls Stage Recovery?

Bitcoin price declined sharply below the $12,000 support area against the US Dollar. The price traded close to the $11,000 support and it is currently consolidating losses. There is a key bearish trend line forming with resistance near $11,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either recover above $11,400 or it might extend losses below the $11,000 support. Bitcoin price reached the key $11,000 support area against the US Dollar. BTC is currently consolidating and seems to be preparing for the…

Bitcoin Price (BTC) Hits $13K: Dips Remain Attractive To The Bulls

There was an upside extension above the $12,800 and $13,000 resistances in bitcoin price against the US Dollar. The price even traded close the second bullish target of $13,200 (as discussed yesterday). There is a major bullish trend line forming with support near $12,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). Dips remain supported if there is a downside correction towards the $12,700 or $12,500 level. Bitcoin price climbed further higher and broke the key $13,000 resistance against the US Dollar. BTC is currently consolidating…

Bitcoin (BTC) Price Surges 12%: Bulls Aim $13K or $13.2K

There was a strong rise in bitcoin price above the $12,000 resistance level against the US Dollar. The price broke the last swing high and traded to a new weekly high above $12,700. Yesterday’s highlighted crucial contracting triangle was breached with resistance near $11,520 on the hourly chart of the BTC/USD pair (data feed from Kraken). The bulls are currently in control and it seems like they are eyeing $13,000 or even $13,200. Bitcoin price climbed higher sharply above $12,000 and $12,500 against the US Dollar. BTC is currently showing…

IOTA Bulls May Dominate And Drive Prices To Q2 2019 Highs

IOTA bouncing from Q1 2019 peaks Azimuth, Coordicide, and release of Trinity bullish for IOTA From Azimuth to Coordicide and the recent rollout of Trinity, IOTA is readying for a machine economy. As a leading IoT platform, fundamentals are bullish. Therefore, despite weakness, odds of price recovering are high. IOTA Price Analysis Fundamentals In an automated data-driven future, there is no room for error. As a result,  IOTA is prepared and laying the framework, the necessary foundation for a secure network. Critics were slamming IOTA for their blockless, Proof-of-Work dependent…

Should Bitcoin Bulls Fear Gold’s Unexpected Rally?

Gold has been rallying alongside bitcoin the past few months, and with this move in gold, there has been an increase in traffic at precious metals sellers as consumers unload expensive watches and precious metals. What does this signify for bitcoin, if anything? Why the Gold Rally? The gold and Bitcoin prices have both rallied in 2019. | Source: TradingView Pawnshops have existed for centuries. Stores that specialize in buying gold cropped up during the financial crisis. With unemployment soaring and gold pushing $2,000 per ounce, citizens across the country…

Bitcoin (BTC) Price Showing Positive Signs: Bulls Sighting Bullish Break

After a downside correction, bitcoin price fond support near the $10,800 level against the US Dollar. There was a decent recovery in the past two sessions and the price traded above $11,300. There is a key bearish trend line forming with resistance near $11,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is still trading below $300 and ripple price is struggling to climb higher. Bitcoin price is showing positive signs above the $11,200 level against the US Dollar. BTC could surge higher once it…

Bitcoin Drops 5% Making $12K the Level to Beat for the Bulls

View BTC has fallen more than $1,000 in the last 24 hours, establishing a bearish lower high at $12,061. A high-volume break above $12,061 is thus needed to revive the bullish view put forward by a bearish channel breakout seen in the 4-hour chart earlier this week. That would open the doors to $13,880. A move below Wednesday’s low of $10,830 would shift risk in favor of a drop to Tuesday’s low of $9,614. Bitcoin’s (BTC) price needs to break above $12,061 to mitigate bearish pressure. The top cryptocurrency by…

Bitcoin Rallies By $2K But Bulls Still Aren’t Out of the Woods

View Bitcoin has risen nearly $2,000 in the last 24 hours, establishing strong support at $9,600. The outlook, however, would only turn bullish once the bearish lower-highs pattern is invalidated with a move above $12,448. A breakout, if confirmed, could be followed by a rise to or above the recent high of $13,880. Bitcoin could fall back to $9,600 if prices fail to hold above $10,830 in the next 24 hours, validating the bearish crossover of the 5- and 10-day moving averages. Bitcoin (BTC) has risen sharply in the last 24…