Analyst Claims Bitcoin Drop Towards $7,000 Highly Probable

Bitcoin and the aggregated crypto market incurred a sudden influx of buying pressure late-yesterday that allowed most major cryptocurrencies to post some decent gains, although these were largely erased overnight as BTC dropped back down towards $10,400. Bitcoin’s consistent ability to post strong bounces with each visit into the $9,000 region certainly provides some justification […]


I've been telling myself I'd do this a long time ago. After much procrastination, I'm finally doing it. One more Full Node will be joining the network shortly 🙂 submitted by /u/BitcoinHobbyist [link] [comments]

Bitcoin Price Analysis: Can This 4-Hour Bear Flag Send Bitcoin Down To Re-Test $10,000?

In the last analysis, we had mentioned the crucial descending trend-line, marked with yellow on the following daily chart. This line is ‘preventing’ Bitcoin from discovering new highs since June 26, when Bitcoin reached $13,880 as the 2019 high. The resisting line was tested for the fourth time, and as it seemed like a breakout […]

Some simple math as a thought exercise.

If you are like me, and enjoy watching the trading value of BTC as it meanders up and down, sometimes you get these moments of "uh oh" when you see a dive happening. Thoughts of selling and limiting the damage try to sneak into my mind. If that happens to you, as well, consider this: […]

Bitcoin Price Could Fall By 30% to $7,500; Here’s Why

Over the past week, Bitcoin (BTC) has finally managed to mount a comeback, rallying from the local low of $9,300 to $10,500 as of the time of writing this. However, one analyst recently pointed out that this price action only confirms the idea that the cryptocurrency market may soon undergo another retracement — one that […]