After several weeks of trading sideways, bitcoin finally produced a volatile move but in a highly unfavorable fashion for the bulls.
The altcoins are also deep in the red today after the SEC’s latest lawsuit against a cryptocurrency company.
Bitcoin Dumps Below $26K
The primary cryptocurrency stood in a tight range at around $27,000 for the past few weeks, with only minor fluctuations above and below that level. This prompt...
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The Securities & Exchange Commission filed a lawsuit against crypto exchange Coinbase a day after its crackdown on Binance.
The US financial regulator alleges that the crypto trading platform broke its rules and supported trading in tokens that are considered securities.
Coinbase vows for transparent legislation ...
Bitcoin (BTC) price has finally fallen below the crucial support at $26,000.
Bitcoin price long-term forecast: bearish
Incidentally, the largest cryptocurrency has been moving in a range between $26,000 and $28,000 since May 12. On May 28,...
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Bitcoin price liquidations cross $100 million after the SEC’s recent lawsuit against Binance.
Ethereum price could retest the $2,000 psychological level if sidelined buyers join the fray.
Ripple price to get boring for a few days before XRP reveals its directional bias.
Bitcoin (BTC) price has suffered a fatal setbac...
Bitcoin tried its hand at taking down $27,500 yesterday once again but was rejected and pushed back down south.
Most altcoins are also in the red today, with ETH slipping below $1,900. XRP, on the other hand, is up by just over 2% in a day.
BTC Down Below $27K
Despite the positive start last week, which took BTC up north to a three-week high at $28,500, the seven-day period didn’t end all that well for the asset. It tumbled...
Solana (SOL) price has risen above the moving average lines, indicating an uptrend.
Solana price long-term forecast: bullish
While rising above the moving average lines, the cryptocurrencies price encountered resistance near the $22 high. T...
Bitcoin’s price is currently going through a phase of consolidation and has reached the 100-day moving average of $26,922. However, two significant support areas ahead on its path could potentially halt the ongoing decline and trigger the next bullish rally.
Technical Analysis
By Shayan
The Daily Chart
During the consolidation correction stage, BTC dipped slightly below the middle trendline of the ascending channel and test...
Bitcoin has remained stuck during the weekend amid the lower trading volumes but still stands above $27,000.
The altcoins are also quiet on a daily scale, but several – such as LDO, INJ, and QNT, have produced massive weekly gains.
BTC Flat at $27K
It was less than a week ago, on Monday when the primary cryptocurrency initiated a massive leg-up that resulted in tapping a three-week high at $28,500. This came after the initi...
Quant (QNT) price has crossed the moving average lines and is currently rising.
Quant long term price forecast: bullish
The uptrend has reached a high at $120. The uptrend has held at its recent high since May 30. In the last five days, pri...
Bitcoin’s price has settled at around $27,000 after dipping below that level on a few occasions during the working week.
Most altcoins are also quiet today, aside from Tron, which has skyrocketed by double digits.
BTC Calm at $27K
Although Monday started on a highly positive note, after the US government’s debt ceiling deal and BTC skyrocketed to a two-week high at $28,500, the week didn’t turn out all that well for the ass...
