The lowest trading volume since November 2017 is slowing up bitcoin’s price recovery.
Bitcoin (BTC) could soon test $6,400, having seen a high-volume reversal from the two-week lows hit yesterday.
A charting pattern suggests the bitcoin price might be able to successfully defend $6,000, despite a tug-of-wars between bulls and bears of late.
Litecoin is reporting gains on Wednesday, following news that its foundation has acquired a stake in a German bank.
All is not lost for the bulls as BTC could create a major bullish reversal pattern over the next few days.
A daily close (as per UTC) below 10-day moving average would abort bitcoin’s short-term bullish view.
BTC is showing signs of exhaustion near a key resistance zone, still, the short-term outlook remains bullish.
Bitcoin is reporting a $400 trading range and an upside breakout would signal a resumption of the rally.
A token seeking to power an ecosystem of applications is consolidating gains after a bout of big news this week.
Bitcoin’s short-term bull market has paused at the key technical resistance of $6,750.