Bitcoin

As the BTC/USD prices change, most participants in the market perceive different conclusions concerning the general BTC performance. According to Alex Kruger, the current perception that the bitcoin illustrates a bullish market was completely wrong, concerning its ability to maintain a declining value under $6,400. This followed the perceived decrease in bitcoin prices under $6,800 and focused on receiving assistance at values between $6,500 to $6,200. Expressions by Kruger show his insight towards the halving events of BTC, and he…

Bitcoin price is predicting selling continuation under $ 6800. This mainstream cryptocurrency may be focusing on getting support at the value of $ 6500 or $ 6200. When Bitcoin support was at $ 7000, the sellers gained some momentum. Therefore, the BTC price declined to below the support at $ 7000 and created a level under the 100 hourly SMA. The price decreased by almost 4 % and was able to break the support zone at $ 6880. Hence, the…

After a long period of trading sideways close to around $ 7,200, BTC's bears regained control of the cryptocurrency and sent it to a significant support level. So far, the BTC bulls have maintained this level, but it is unclear whether it will continue as the weekend progresses. Based on the analysis, the BTC support level at the moment is Bitcoin's "pivotal level," and the manner of Reaction to this level may establish its Direction for the first part of…

All through crypto history, Bitcoin investors have been gravitating to round numbers. A famous crypto investor and commentator, Su Zhu said there is truth to these round numbers’ significance, specifically in this immature market. Zhu expressed himself recently in a podcast with Luke Martin. According to his claim, “round numbers have even more meaning in crypto [than forex] because this is what everyone thinks.” In his opinion, bitcoin topping $10k will be a critical moment regarding price action analysis. However,…