Bitcoin's (BTC) bears have unraveled the minor rally in prices since Saturday and are now looking to pull the cryptocurrency below the $8,000 mark, the technical charts indicate. The bears' comeback comes after bitcoin saw minor gains after the May 12 low of $8,204, but the bulls repeatedly failed to cut...
Bitcoin (BTC) is stuck in a narrow $550 range between the key long-term moving averages today, but may be prepping for a breakout, the technical charts suggest. With the bull/bear bias now unclear, the big problem now is trying to work out in which direction the price will go. As of...
Bitcoin (BTC) is on the back foot having hit three-week lows over the weekend and now risks deeper losses below $8,200, the technical charts indicate. The cryptocurrency fell to $8,204 on Bitfinex on Saturday - the lowest level since April 19 - and was last seen changing hands at $8,365,...
The cryptocurrency markets are set to end the second week of May on a low note. The total market capitalization for all cryptocurrencies fell below $400 billion for the first time since April 26 on Friday, and has dropped 15.97 percent week-on-week. As of writing, the combined market value stands at...
Bitcoin (BTC) hit a three-week low of $8,713 on Bitfinex earlier today and looks set to extend losses further, price chart analysis indicates. The cryptocurrency failed to cut through the descending (bearish) 5-day moving average (MA) located at $9,382 yesterday, despite the bullish falling channel breakout on May 9, and fell...
Despite a brief rally yesterday, bitcoin (BTC) is still in corrective mode and risks falling back below $9,000, chart analysis suggests. The cryptocurrency broke out of the bearish falling channel setup Wednesday, courtesy of a bullish relative strength index (RSI) divergence - indicating the pullback from the recent high of $9,990 had...
Zilliqa has become one of just 28 cryptocurrencies to boast a market capitalization over $1 billion. According to CoinMarketCap, Zilliqa passed the $1 billion threshold late Monday and is worth nearly $1.2 billion at the time of writing, making it the world's 23rd-most valuable cryptocurrency. The rise coincided with the...
Having hit seven-day lows below $9,000 this morning, bitcoin (BTC) is looking decidedly weak. The cryptocurrency fell to $8,980 on Bitfinex a few hours ago and was last seen changing hands at $9,080 - down 1.13 percent from the previous day's close (as per UTC) of $9,184. The downwards move does...
Bitcoin dropped to four-day lows below $9,200 on Monday and now looks set to explore levels below the $9,000 mark, the technical charts indicate. Yesterday's downwards move meant the cryptocurrency closed below the 10-day moving average (MA) - signaling short-term bullish invalidation - having failed to beat the key inverse...
Bitcoin's (BTC) pullback in prices over the weekend has dampened the immediate prospects for the bulls, the technical studies indicate. Having witnessed a bullish pennant breakout last Friday, the cryptocurrency looked set to scale the $10,000 mark in a convincing manner over the weekend. However, the bullish move unexpectedly ran out of...