Bitcoin Price Hammering Support

Bitcoin trading has reverted to selling behavior, and the bears are clawing down the chart for all they're worth. Buyers have set up strong buy orders between $225 and $237 but the past 24 hours of decline have relentlessly eaten into these. Will support at $230 hold? This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading and Price Analysis. Time of analysis: 13h26 UTC. Bitfinex 15-Minute Chart. From xbt.social analysis earlier today: Sellers are hammering support and lower down could be on the cards. However, the present wave down lacks....

BTC bulls aim to confirm $20,000 as support as fresh on-chain data begins to signal that the bottom might be in. While Bitcoin (BTC) price support may be psychological for some traders, the statistics behind BTC remaining over $20,000 for a week are strong indicators of price support or in other words, a new bear market floor. Multiple Bitcoin data points might be able to establish a $20,000 support level. Last week Bitcoin reached a high of $20,961. However, it never sustained its upward momentum as the rally fizzled out, failing to break $21,000 support. As a result of the rally as well....

Cardano is showing some toughness in a time when its peers are just about to crack under pressure. The bear market is hammering the cryptocurrency market, with the majority of cryptocurrencies now trading at prices not seen since the middle of last year. However, this decline has created an opportunity for crypto investors to purchase […]

BTC price dropped below $56,000 again, leading analysts to discuss various bull and bear scenarios for Bitcoin’s short term price action. Cooler heads are calling for a collective deep breath and a step back to see the long-term outlook for the future of Bitcoin (BTC) price and the wider crypto market, but today's drop back under $56,000 is raising eyebrows among traders.Data from Cointelegraph Markets Pro and TradingView shows that after starting the week near $60,000, several days of bears hammering the price of Bitcoin resulted in a revisit to $55,600.BTC/USDT 1-day chart. Source:....

Bitcoin or Gold? During the year 2006, complex derivatives that held units secured on American sub-prime property, began to drop in value on rumors of instability; by 2008, the World was well into a major monetary meltdown. People lost in volatile derivatives, in equities as well as in property; confidence in fiat currencies also fell as banks and investments collapsed. Financial shares took the greatest hammering as banks and insurance companies with household names were discovered to be worthless. In periods of uncertainty investors seek to stabilise their investments; they do this by....