- Bitcoin bears swing in action as the price loses the pace towards $10,000.
- Bitcoin price holds within the rising channel despite the correction from yearly highs.
Bitcoins paced towards the psychological $11,000 after correcting from the recent dip to $9,700. The bulls marched above several barriers including $10,000, $10,200 and $10,400. However, the momentum targeting $11,000 fell short of the medium-term resistance at $10,500. In other words, a new yearly high was formed at $10,482 (on…
- 68Bitcoin embarks on a gain-trimming mission amid the ongoing hunt for a bottom. $7,000 – $7,1000 becomes a short-term buy zone for traders hoping to sell at $7,400 and $7,700 respectively. Bitcoin continues to narrow down towards $6,000. The down trend is clear shown by taking a broader technical picture…