Crypto Bulls and Bears Wrestle on What Comes Next for the Bitcoin Price

By CCN: Many in the crypto community remained calm and banded together despite the steep drop in the bitcoin price on the heels of an otherwise incredibly bullish month. Bitcoin’s value was slashed by approximately $21 billion in the last 24 hours, with the BTC price currently holding above the $7,000 threshold. The declines were traced back to a mega sell order on Bitstamp exchange, either creating an opportunity for investors who missed the previous run or providing a warning before the other shoe drops. Of course, crypto bulls and…

Bitcoin (BTC) Price Forecast Remains Bullish: Bulls Target $8.5K and $9K

Bitcoin price surged more than 10% and broke the key $8,000 barrier against the US Dollar. The price traded to a new 2019 high close to $8,180 and remains in a strong uptrend. There is a short term bullish pattern forming with resistance near $8,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further towards $8,500 once it breaks $8,050 and $8,100. Bitcoin price rallied significantly and broke $8,000 against the US Dollar. BTC bulls remain in full control and they are…

Bitcoin (BTC) Price Springs Up: Bulls Now Target $8,000

There was a sharp upward move above $6,800 in bitcoin price against the US Dollar. The price is up more than 25% in the past few days and it tagged the $7,450 level recently. There is a major bullish trend line in place with support at $6,750 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported and it seems like the bulls are now aiming $7,800 or $8,000. Bitcoin price rallied significantly above $6,800 and $7,000 against the US Dollar. BTC seems…

Bitcoin (BTC) Price Defies Gravity With Upsurge, Bulls Aiming $6.5K

Bitcoin price was unfazed and it recently broke the $6,200 resistance level against the US Dollar. The price even broke the $6,300 level and it seems like the bulls are now aiming $6,500. There is a major bullish trend line forming with support at $6,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could find a strong buying interest if it corrects lower towards $6,100 or $6,000. Bitcoin price rallied more than 4% and cleared $6,300 against the US Dollar. BTC remains in a…

Bitcoin (BTC) Price Rally Reaching Crucial Juncture: Can Bulls Break $6.2K?

Bitcoin price extended gains and traded to a new 2019 high above $6,080 against the US Dollar. The price surged higher towards the $6,100 level and it is currently consolidating gains. There was a break above a connecting trend line with resistance at $6,005 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on the downside, but there are many hurdles near $6,100 and $6,200. Bitcoin price surging higher with a bullish bias above $6,000 against the US Dollar. BTC could surge…

Bitcoin (BTC) Price Dips Remain Attractive To Bulls

Bitcoin price surged above the $5,800 level and traded to a new 2019 high against the US Dollar. The price traded as high as $5,837 on Kraken and recently corrected below the $5,600 level. This week’s followed two bullish trend lines are intact with support near $5,500 and $5,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains supported on dips and it is likely to bounce back above $5,650 in the near term. Bitcoin price surged above the $5,700 and $5,800 resistance levels.…

Bitcoin’s Future is Shining but BTC Bulls under Liquidation Pressure

Bitcoin (BTC) stable above $5,000 Adoption will drive BTC prices higher For mainstream adoption of digital assets, there must be utility. Bitcoin as a peer-to-peer cash system is useful with a secure network that is censorship resistance and immune to politics. With increasing use fueled with next year’s halving, Bitcoin (BTC) is likely to expand. Bitcoin Price Analysis Fundamentals Bitcoin adoption is all about the number of individuals willing to ditch fiat and hold BTC. To satisfactorily gauge how many do, analysts track active Bitcoin addresses. Good news is, despite…

Bitcoin (BTC) Bulls Firm Even if BitFinex May Refute NY AG Fraud Claims

Bitcoin price successfully recover Apr-25 losses BitFinex says they are good players in the digital space and would protect their clients from NY OAG attacks Despite Apr-25 blip, BitFinex commitment is unwavering. Concurrently, Bitcoin bulls are resilient, and even with a threatening drop, buyers are back as prices snap back to primary trend. The way BTC shook off bears is suggestive of strong underlying support, and in that case, BTC may easily extend to $6,000. Bitcoin Price Analysis Fundamentals The jumble around Tether, BitFinex and the NY Office of AG,…

Tether (USDT), A Blip and Another Opportunity For Bitcoin (BTC) Bulls

Bitcoin (BTC) shed $4 billion after NY OAG sue iFinex Tether controversy force Bitcoin liquidation The OAG of New York is after iFinex, and from their documents, officials say the Hong-Kong based exchange, BitFinex are contravening NY Laws and therefore suing them. With additional evidence that the exchange “raided” Tether’s coffers and probably affecting the peg, clients are worried. Even so, Bitcoin (BTC) is stable, reversing earlier losses. Bitcoin Price Analysis Fundamentals There is sell pressure, and if we check the reaction of the crypto and the Bitcoin market, then…

Bitcoin (BTC) Price Near Crucial Juncture With Bulls In Control

Bitcoin price failed to gain momentum above $5,350 and corrected lower against the US Dollar. The price declined below the $5,300 level and tested the key $5,200 support area. There is a crucial bullish trend line in place with support at $5,245 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is approaching the next key break either above the $5,300 resistance or towards $5,200. Bitcoin price recently corrected lower, but it remained well supported against the US Dollar. BTC is now preparing for the…