Express

Bitcoin Fails To Break Out Of Lower $9,000 Region, Flashes Other Signs Of Weakness

Emily Mason

Summary: Bitcoin's continued trading in the lower $9,000s has caused confidence in the currency to waiver. While one Bloomberg analyst believes that Bitcoin's consolidation between $9,000 and $10,000 is a precursor to a massive move upwards, other indicators are not so optimistic. $9,225 has recently flipped from a support to a resistance for Bitcoin, leading one ...

Bitcoin's continued trading in the lower $9,000s has caused confidence in the currency to waiver.

While one Bloomberg analyst believes that Bitcoin's consolidation between $9,000 and $10,000 is a precursor to a massive move upwards, other indicators are not so optimistic.

$9,225 has recently flipped from a support to a resistance for Bitcoin, leading one analyst to note in a tweet that bulls want to regain that level to fight against a bearish outcome. This paired with regular rejections at $10,000 and lower highs suggests a disappointing future for Bitcoin in coming weeks.

By Emily Mason

Last Update:

Tags: ,
Link: Bitcoin Fails To Break Out Of Lower $9,000 Region, Flashes Other Signs Of Weakness   [Copy]
Next:

Related Articles

  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 3 hours ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 1 day ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 4 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 5 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 7 days ago

    • You need to login to comment.