BTC price dropped below $56,000 again, leading analysts to discuss various bull and bear scenarios for Bitcoin’s short term price action.
Bitcoin has posted a series of lower highs and higher lows since mid-June and as technical levels look to strangle price action, BTC may be due for a breakout.
Bitcoin's recent rally and subsequent sharp sell-off has left the cryptocurrency looking heavily oversold, according to one technical indicator.
Recent bullish price-action suggests that Bitcoin is looking to make a new 13-month high above $9,080
The latest Bitcoin rally is on hold, but longer-term support continues to build in the largest crypto and suggests higher prices ahead.
The crypto-market surged on Sunday with Bitcoin hitting levels last seen in May last year as buyers took control. Next move is key but higher prices may be likely.
The crypto-market took one on the chin Thursday evening, slumping anywhere between 10% and 20% in a matter of minutes as heavy Bitcoin sell orders roiled the market.