Over the last 7-10 days, a clash of bears and bulls has pushed Bitcoin inside a tightly-knit price range. Traders are watching short-term technical barriers over long-term bullish fundamentals. The sentiment prompts Bitcoin to fluctuate inside a Triangle-like technical pattern, with its upper trendline behaving as resistance and the lower trendline acting as support. That […]
Tag: Break
Here’s the Crucial Level Bitcoin Needs to Break Before Analysts Flip Bullish
Bitcoin has been struggling to hold above $ 19,000 for the past couple of days, with the selling pressure above this price level proving to be significant If sellers continue suppressing the cryptocurrency’s price action and hold it below this level for an extended period of time, it could lead to some serious losses One […]
Bitcoin Likely to See Further Downside After Price Fails to Break Key Level
Bitcoin has been facing some immense selling pressure as of late, with the resistance found within the mid-to-upper $ 19,000 region proving to be too much for bulls to handle Despite seeing another strong rejection here overnight, it is important to note that Bitcoin once again set another higher-high This indicates that the cryptocurrency could […]