Bitcoin and crypto market witnesses a small bounce as long with the stock markets traders begin to form bullish sentiments around price. Despite the bearish fear and sell-off due to Coronavirus, the stock markets also witnessed a historic rise yesterday, with the SPX index rising by 6.24%. However, many investors suspect a dead-cat bounce as
Bitcoin [BTC] price charts exhibit a severe downtrend characterized as a ‘falling knife’ in trading terms. If one tried to catch the knife yesterday, the trader surely got hurt. The price broke below the low previous swing low at $9200, threatening a revival of the bear trend. The bear action at the moment is quite
Bitcoin [BTC] price seems to have found the mid-range for traders as bulls and bears play tug of war. BTC is currently ranging between $7700 and $7400. While $7500 forms a strong level of psychological support as well, the market set-up suggests volatility. Bitcoin’s [BTC] price broke above another bullish set-up achieving 50% of the target.