2018-11-29 14:00 |
Bitcoin is teasing a short-term bullish reversal, having just recorded its biggest single-day gain in seven months.
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In the last 24 hours, the cryptocurrency market suffered one of its worst single-day sell-offs in all of 2018, as Bitcoin (BTC) plunged 11 percent. The substantial short-term drop in the price of Bitcoin (BTC) demonstrated the sheer intensity of the sell-off on Nov.
2018-11-15 13:20 | |
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Bitcoin is about to see a key bullish cross of two moving averages the first time in nearly four years.
Bitcoin's three-day price consolidation looks to be a bull breather before a continuation of the recent rally to above $4,000.
With bitcoin showing resilience to negative news flow, a strong bullish move is looking increasingly likely.
Bitcoin has reported losses in January for the last four years, and a fifth now looks on the cards.
After breaching key support on Sunday, emboldened bears could soon push bitcoin prices back towards $3,100.
Bitcoin’s price saw its biggest drop for seven weeks on Thursday, weakening the prospects of a bullish breakout above $4,100.
Bitcoin is losing altitude as an unwinding of bullish bets is creating downward pressure on prices.