
Bitcoin Price & Technical Analysis: BTC Stopped Falling But for How Long?
BTC rate has stopped falling on Thursday, December 5th. The instrument is generally trading at 7331.00 USD.
BTC rate has stopped falling on Thursday, December 5th. The instrument is generally trading at 7331.00 USD.
The bearish pressure on the market remains intact. However, the assets are testing the support level, and if the bulls manage to hold the levels, we should expect a good bounce up and an attempt of an upward movement.
On Thursday, November 28th, the restoration of the BTC has halted. It is generally trading at $7443.20.
The bearish pressure remains strong on the crypto market, many assets have shown new minimums, and the chances for a reversal are low.
On Thursday, November 21st, the leading cryptocurrency keeps declining, trading at $7934.00.
The crypto market keeps declining.
China continues to dominate the FinTech development with its three companies place in the top-ten. Alibaba’s payments wing Ant Financial tops the KPMG FinTech100 rankings.
CryptoCompare releases its cryptocurrency exchange report, which standards have been changed a great deal since the first rankings report released in June 2019, so there’re quite a few surprises.
On Thursday, November 14th, the ETH remains in a flat, trading at $185.00. There is not much news about the cryptocurrency, so it is obviously not enough for a strong catalyst to emerge.
The leading digital asset keeps moving inside the frames of the descending correction. However, the chances for the end of the decline and the continuation of the growth are still high.
On Thursday, November 7th, the Bitcoin is slightly declining, trading around $9288.50. The leading cryptocurrency has clearly entered a flat, inside which the market will be waiting for some more or less important news and strong catalysts.
While Bitcoin, Bitcoin Cash and EOS are expected to show positive movements, Ethereum and Litecoin are not likely to grow from the current levels.
On Thursday, October 31st, the ETH is still declining but the activity of the sellers have decreased significantly. The cryptocurrency is generally trading around $182.70. The investors are perplexed about further movements of the asset.
The cryptocurrency market looks ready for a new wave of growth, the bulls only have to maintain the current levels and rise just a bit hire to take the opportunity of a descending correction away from the bears.
On Thursday, October 24th, the BTC keeps falling, trading around $7394.68.