Bitcoin’s failed bull breakout on Sunday has left the doors open for the bears to make a comeback.
Bitcoin has bounced back above $8,500, but the rally is not backed by decent trading volumes, the technical charts indicate.
Bitcoin’s drop to one-month lows has bolstered the already bearish technical setup.
Bitcoin hit a 3.5-week low of $8,100 earlier today and now risks a bear revival, the price chart analysis indicates.
Bitcoin has dropped to three-week lows and may take a further hit over the weekend, the technical charts indicate.
Despite a brief rally yesterday, bitcoin risks falling back below $9,000 amid bearish short-term moving averages.
EOS, April’s best performing cryptocurrency, could soon revisit $20 and above, the technical charts indicate.
Having hit seven-day lows below $9,000 this morning, bitcoin is looking decidedly weak.
Bitcoin risks falling to levels below $9,000, courtesy of the bearish setup on the technical charts.
Bitcoin is reporting losses today but only a break below $8,650 would signal a bull-to-bear trend change.