Express

Turbulance In Bitcoin Price Expected For The Weeks Ahead

Emily Mason

Summary: Bitcoin is again pushing against its critical support at $9,000 after tumultuous performance last week. At the time of writing Bitcoin is trading at $9,167. While still within its long-held range between $9,000 and $10,000 its lower end trading has dampened some bulls' hopes of the currency pushing past its resistance at $10,000.  One analyst noted ...

Bitcoin is again pushing against its critical support at $9,000 after tumultuous performance last week.

At the time of writing Bitcoin is trading at $9,167. While still within its long-held range between $9,000 and $10,000 its lower end trading has dampened some bulls' hopes of the currency pushing past its resistance at $10,000. 

One analyst noted in a tweet that several days ago Bitcoin's cloud had flipped bearish, another sign of weakness. On the bright side for Bitcoin, one Bloomberg analyst said last week that Bitcoin is consolidating and that as long as the currency stays above $6,500 it could see a push past resistance levels.

By Emily Mason

Last Update:

Tags: ,
Link: Turbulance In Bitcoin Price Expected For The Weeks Ahead   [Copy]
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 3 hours ago
  • Bitcoin Surges to New Highs, Momentum Points to Further Gains 4 days ago
  • Circle Intensifies Stablecoin Push with Key Exchange Partnerships 5 days ago
  • Trump's "Big and Beautiful" Bill Passes: Biden and Harris Criticize, Financial Expert O... 11 days ago
  • Silicon Valley Giants, Trump Ally Launch 'Crypto Bank' Erebor, Aiming to Fill SVB Void 12 days ago
  • You need to login to comment.