latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Bitcoin Price Analysis: Bullish Breakout Tests Macro Resistance


After a week and a half of consolidation, the bitcoin market finally broke north of its range. However, the weekly resistance band has yet to be broken and, unless we clear this level and flip it as support, there is a very strong chance we will actually reverse this breakout with a strong move to the downside. A resistance flipped to support would be a very bullish statement. However, a failure to claim the current level as support could have the market visiting the weekly level of support in the $6,800s. If bitcoin doesn’t pop the current level and claim it as support, that will be a strong sign of macro weakness of demand and could have the market crawling to new lows.

Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine  and  BTC Inc  sites do not necessarily reflect the opinion of  BTC Inc  and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.
The post Bitcoin Price Analysis: Bullish Breakout Tests Macro Resistance appeared first on Bitcoin Magazine . shares this Contents always with License.

Thank you for Share!



Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News

Buy Bitcoin online in ANY country, supporting 80+ Payment methods!