Bitcoin Price at Risk of Further Downside: Will Bears Tighten Grip?

As predicted in the previous article, a breakout was looming for bitcoin price. It decided to take the southbound route, as bears gathered enough strength to push below the triangle support. Also, the US central bank recently decided to keep monetary policy unchanged, barely making any significant adjustments to its previous bias. Fed officials reiterated that they would continue to tighten at a gradual pace and that they’re keeping a close watch on the global economic and financial developments. This confirms that the slowdown in China and the slump in oil prices are not to be ignored and....

So for today's Asian session bitcoin price watch, we are going to tighten things up a little. A look at the daily chart in the bitcoin price reveals a few straight weeks of overarching bullish momentum, and while we would love this momentum to continue from a long term capital gains on our holdings perspective, its made us a little wary. We are approaching $300 flat, having broken to the downside through $200 last month, and if there was ever a time for a medium term correction, now is it. This doesn't mean the overarching trend is likely to change - simply that we will probably get some....

Dogecoin has leapt a massive 8% today disrespecting the resistance level of 50 to be trading at 50.8 satoshis. I have been maintaining in earlier analyses that a major move was expected in Dogecoin as the week comes to a close. The bears have given away the slight advantage that they had over the bulls and the onus is now completely on bulls to tighten their grip. Taking a technical look at the 240-minute Dogecoin/BTC price chart above reveals that the upmove has been backed by strength and that maintaining this bullish momentum will be the key to see a further rise in the market cap of....

The Bitcoin price managed to close yesterday’s daily candle above critical support, giving bulls a fighting chance to prevent further downside. However, today’s trading session has favored the bears, with BTC moving below the $19,000 area.  Related Reading: Flow Rolls Out Blockchain Tools As Social Dominance, Coin Price Seen Rising At the time of writing, Bitcoin stands at $18,900, with a 1% loss in 24 hours and a 2.4% loss in one week. Other cryptocurrencies in the crypto top 10 by market cap follow a similar trend except for Cardano and Solana. These cryptocurrencies are....

Bitcoin price failed to climb above the $66,500 resistance. BTC is again moving lower and might decline below the $64,600 support zone. Bitcoin started a fresh decline from the $66,500 resistance level. The price is trading below $65,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $65,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if there is a clear move below the $64,600 and $64,200 support levels. Bitcoin Price Faces Rejection Bitcoin price started a recovery wave....