fedorenkoalexei

fedorenkoalexei

Bitcoin price keeps above the $6,000 threshold since the start of the week. However, the coin has been trading with a bearish bias recently, unable to regain the upside impetus amid concerns over regulation in Japan. Amid the regulatory crackdown, crypto exchange Huobi Pro decided to suspend operations in Japan, citing some compliance issues with the...

fedorenkoalexei

Bitcoin faced a tough local resistance ahead of $6,400 on Monday and since then trades lower within the bearish trend established late last year. The coin is attempting to keep above the $6,000 threshold to avoid a more aggressive selloff in the short term. Over the weekend, the upside impetus proved too timid to open the way for further gains, which...

fedorenkoalexei

Bitcoin price has stabilized after an aggressive crush earlier. The price has been attempting to regain ground and get off the mid-November lows below the $6,000 threshold. As the asset managed to stay above $5,500 and looks cheap, some market participants may consider the current levels as attractive entry points for opening longs. The sell-off is probably...

fedorenkoalexei

The BTCUSD pair has been trading within a rather limited range this week, holding above the $6,500 area since Tuesday. The coin swings between gains and losses due to a lack of directional impetus in the industry, where the local sentiment looks neutral, while the bigger picture remains bearish. Despite the recent signs of improvement in the market sentiment,...

fedorenkoalexei

Bitcoin has managed to stage a mild recovery on Wednesday as the price has kept above the $6,500 key support area. The technical picture in the daily charts continues to improve since the plunge to lows marginally above $6,000. Nevertheless, the coin still lacks positive momentum and may resume the downside move in the short term. Traders refrain from more...

fedorenkoalexei

Bitcoin price failed to continue the recovery on Tuesday, with the $6,800 area represents a rather tough local resistance. During the early hours on Wednesday, BTCUSD has once again bumped into the barrier and turned lower, while keeping above the $6,500 level for the time being. The recent pressure on the digital currency came from stronger USD demand amid...

fedorenkoalexei

Bitcoin managed to stage a recovery on Monday, with the price reached June 12 highs marginally below the $6,800 area. However, despite the immediate downside pressure has partially eased, the coin could resume the drop as the overall picture still looks unconvincing. During the early hours on Tuesday, BTCUSD has been trading with a bearish bias but keeps above...

fedorenkoalexei

Bitcoin trading was quite calm during the weekend, with the price has been consolidating above the $6,300 area after a drop to fresh 2018 lows earlier last week. The digital currency makes shallow recovery attempts on Monday and so far fails to attract buyers, which confirms that the bearish risks still persist. The recent hacks in South Korea did have a...

fedorenkoalexei

BTCUSD has recovered decently on Thursday as the coin managed to attract buyers at early-February lows marginally above the $6,000 threshold. Moreover, the cryptocurrency market breathed a sigh of relief after the influential SEC official said bitcoin and Ether are not securities. These two factors drove bitcoin north, to $6,700. Despite the local rebound,...

fedorenkoalexei

Bears still remain in control of the cryptocurrency market as after a period of consolidation, digital coins switched to a free fall which continues since Sunday. Bitcoin has accelerated its downtrend yesterday, with the price plunged below the $6,400 level, to early-February lows marginally above the $6,100 area. During the early hours on Thursday, the coin has...

fedorenkoalexei

After failed recovery attempts, bitcoin has resumed the decline and suffered another leg lower on Tuesday, which was the worst day since February. The digital currency has accelerated its decline and plunged below the key support around $6,500, down to early-April lows marginally above the $6,400 threshold. The persisting bearish factors including criticism...

fedorenkoalexei

Bitcoin is making recovery attempts on Tuesday but the momentum looks too slow and unconvincing to call a bottom and bet on a more significant rebound for the time being. The price has met support close to the $6,600 area yesterday, and now the coin is trying to get back above $7,000. The market is overwhelmed with the industry security issues again, after...

fedorenkoalexei

The world's largest cryptocurrency by market capitalization has dropped over 10% on Sunday, taking its year-to-date losses to 50% amid the reports that a relatively small South Korean cryptocurrency exchange Coinrail was hacked. Despite Coinrail's public statements did not mention bitcoin, BTCUSD suffered dramatically along with other digital currencies and...

fedorenkoalexei

BTCUSD still struggles to get back above the $7,800 area which is a barrier on the way to the $8,000 threshold. The coin has been trading within the established short-term channel which needs to be broken for a more clear direction. Traders continue to refrain from more aggressive buying amid a lack of positive catalysts in the industry. On the other hand, a...

fedorenkoalexei

Bitcoin drifted lower Wednesday, along with other cryptocurrencies. BTCUSD however managed to keep above $7,400 and has resumed the recovery attempts today, with $7,800 remains the key hurdle for bulls in the short-term. Some negative impact on digital currencies came from SEC chief statement saying that the agency won’t ease securities rule for...

fedorenkoalexei

Bitcoin has formed a reversal pattern which signals the uptrend may be coming, but some technicals highlight the bearish momentum is probably not exhausted yet. BTCUSD finished above the $7,500 area yesterday, with the price struggles to keep the upside impetus on Wednesday as bulls continue to refrain from challenging the key $7,800 threshold. There are no...

fedorenkoalexei

After a positive dynamics over the weekend, BTCUSD resumed the bearish move as the coin failed to challenge the local resistance at $7,800 amid rather thin trading volumes. Moreover, the price has derailed the $7,500 area, so a further decline can be expected in the short term. Apple co-founder Steve Wozniak said blockchain will become a widespread technology...

fedorenkoalexei

Bitcoin has appreciated over the weekend and finished the week with a 5% gain. The price struggles to keep the bullish momentum on Monday, though it keeps above $7,500 so far, so another upside break is still on the cards. Interestingly, the dollar mostly shrugged off the impressive US employment data on Friday, which suggests the USD bulls are apathetic for...