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Fractal: Bitcoin Price Likely to Hit $7,500 Before Rally to New Highs

Over the past 24 hours, Bitcoin and the broader cryptocurrency market have been crushed by bears. According to Coin360, the BTC price is trading at $8,500, 12% lower than the day prior. While the selling pressure has just begun, leaving much left uncertain in the…

Bitcoin Collapses Under $9,000, Falls Out of Triangle

Newsflash: Bitcoin (BTC) has just collapsed under $9,000 for the first time in months. The cryptocurrency is down some 8% in the past 24 hours, trading at $8,900 as of the time of writing this price update. Sub $9k $BTC is a gift — Josh…

Bears Are Back: Bitcoin Slides, Breakdown Seems Obvious

The bitcoin price failed to hold the ground above $10K since the bears are back and managed to push the price into the four figures range this morning. The move has been in a slow retreat rather than a huge dump but we could expect…

Bitcoin Bulls Target $10,800 As The Price Pushes Higher

Bitcoin bulls target a new goal to the $10,800 price level after facing a sudden influx of selling pressure yesterday but they managed to defend its position as we are about to read more in the coming altcoin news below. Assuming that the levels are…

Bitcoin Price Could Hit $8k as Major Outward On Chain Flows Increase

As Bitcoin continues with its now tedious consolidation, analysts are still searching for the next direction. Most are siding with the bears at the moment as downwards momentum is looking more likely. One view taken from a longer term trend indicator could see BTC fall…

Bitcoin Price Could Fall By 30% to $7,500; Here’s Why

Over the past week, Bitcoin (BTC) has finally managed to mount a comeback, rallying from the local low of $9,300 to $10,500 as of the time of writing this. However, one analyst recently pointed out that this price action only confirms the idea that the…

Bitcoin Open Interest Peaks as BTC Dominance Hits Another High

While Bitcoin price action is decidedly sideways, other metrics are posting positive signals. The week is ending with BTC above five figures which is still bullish, and dominance has just tapped another new high. Bitcoin OI Hits a High By definition, open interest is a…

Ethereum Developers Forge On Despite ETH Price Slump FUD

When a crypto asset fails to perform in terms of price it rapidly gets a big dose of chagrin from mainstream media and those that have lost money trading it. Ethereum is currently the prime example as investors begin to sour despite ongoing developments to…

Crypto Analyst: Bitcoin Price Drop Below $10,000 Was a Bull Trap

Last week, Bitcoin price fell below $10,000 yet again, and with the break of support, much of the market turned bearish and began calling for lows around $8,000 to be tested. However, before the long Labor Day weekend concluded, Bitcoin price was back well above…

Bitcoin Bulls Win Tug Of War, BTC Surges 7% to $10,400

Bitcoin bulls are back — that’s right. In the past few hours, the cryptocurrency has been regaining its upward momentum once again, finally showing some bullish price action following the Friday close of the CME’s August BTC futures contracts. Related Reading: 1,000 Bitcoin Buy Wall…

Bitcoin Approaches Critical Support Level After 9% Slide

As predicted, a big movement came for bitcoin following a week of consolidation. Analysts have been mixed all week but those that leaned towards bearish were right as the king of crypto plunged back into four figures a few hours ago. Bitcoin Nearing New Low…