Bitcoin

Bitcoin Poised for Continued Downside as Bulls Struggle to Surmount Critical Level

Bitcoin’s decline to lows of $ 5,800 overnight was met with significant buying pressure that subsequently allowed the cryptocurrency to climb higher, with BTC bulls now attempting to reclaim the crypto’s previous position within the upper-$ 6,000 region. This early morning rebound came about after a short bout of intense selling pressure, and buyer’s ability […]

Bitcoin

Bitcoin Poised to Retest $5,000 Before Return to Bull; Here’s Why Analysts Think So

Earlier this month, the one-week Bitcoin chart printed an extremely bullish sign: the golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. (As an aside, a golden cross is when a short-term moving average crosses over a long-term one to imply bulls have control.) Related Reading: Bitcoin Poised to […]