Category: Bitcoin

Bitcoin Price Analysis for December, 27th – BTC Slightly Declining at the End of the Year

By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, December 27th, the activity shrunk to a minimum. The leading cryptocurrency is trading at $7181.00 and declining slightly. Judging by the dynamics on D1, market participants are aimed at 76.0% ($5700.00) but stopped yet near 61.8% Fibo. At the decline, there is a convergence on the MACD, which may signal a pullback but only after the target level is reached. As …
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Bitcoin Price Watch: Currency Falls to $7,400

The $7,400 – $7,600 range is proving difficult for the king of crypto to handle. Bitcoin is struggling to maintain its ground in the mid $7,000s, and has again fallen $200 below where it was trading during yesterday’s afternoon hours. This position had previous been held for roughly two days, and it was widely wondered whether bitcoin would be able to strike $8,000 once again. That doesn’t appear to be …
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Bitcoin Price Watch: Currency Holds Ground at $7,600

At press time, the father of cryptocurrencies is trading for just under $7,700. The cryptocurrency market cap has garnered over $25 billion over the last week alone, and with roughly $300 to go, many investors are wondering whether the $8,000 mark can be reached soon. One source claims bitcoin is currently facing resistance where it sits, and that the price consolidation it’s undergone over the last few days may be …
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