Bitcoin’s price saw its biggest drop for seven weeks on Thursday, weakening the prospects of a bullish breakout above $4,100.
Bitcoin is losing altitude as an unwinding of bullish bets is creating downward pressure on prices.
With the bitcoin market showing signs of indecision, prices could soon retreat back below $4,000.
Bitcoin’s minor pullback from two-week highs could end up fueling a breakout above the key hurdle of $4,140.
Bitcoin’s bears would be put on the back foot if prices climb past key resistance lined up at $4,140.
Bitcoin’s recent pullback from highs above $4,200 could trap the bears on the wrong side of the market, the price-volume analysis indicates.
Bitcoin looks set to test the crucial 50-day simple moving average (SMA) for the first time since November 8.
Bitcoin fell for the fifth month in a row in December, confirming its longest monthly losing streak since November 2011.
Bitcoin is looking increasingly bullish on a key technical chart following its strong move above $4,000.
Bitcoin’s recovery rally faces sturdy resistance at $4,400 – here are three reasons why.
