Bitcoin is reporting losses today but only a break below $ 8,650 would signal a bull-to-bear trend change.
CoinDesk
Bitcoin Price Analysis: $10K, Are We There Yet?
Will Bitcoin bore traders with a second day of sideways trading or are we bracing for the long-awaited breakout over $ 10k?
Market Overview
Bitcoin and other cryptocurrencies have ascended at a steady pace over the last 3 weeks and it appears that Bitcoin has developed an impressive immunity against the usual correction triggers of tax selling, regulatory fears, exchange hacks and other FUD that have plagued crypto-markets since Q1 2018. In fact, at the moment there appears that positive cryptocurrency stories outweigh the negatives.
$10K on Hold As Bitcoin Sees Price Pullback
Having rallied more than 50 percent this month, bitcoin is today witnessing pullback.
CoinDesk
Bitcoin Is Facing Stiff Resistance On Road to $10K
Bitcoin is looking bullish today, but must leap several resistance hurdles on the way to $ 10,000, chart analysis suggests.
CoinDesk
Bitcoin Price Watch: Breaking $10K is Proving Difficult
At press time, bitcoin is trading for approximately $ 9,130 following a long week of volatility exploits and price drops. The cryptocurrency has been experiencing massive swings between the $ 8,900 and $ 9,500 range, and it’s unclear if or when bitcoin will decide to settle before another respective run.
Just over a week ago, bitcoin was trading for approximately $ 11,200, though drops have likely occurred thanks to ongoing regulatory tactics. Currently, China’s IT Ministry is set to implement “official” blockchain standards. While the country has shown it’s not for a solid ban on cryptocurrencies altogether, it has taken stances against unregulated or energy-consuming activity. To limit mining, for example, China has reduced the amount of electricity originally made available to miners. It has also blocked cryptocurrency exchanges on social media, and even censored them on applications like WeChat.
Down But Not Out: Bitcoin Remains on Hunt for $10K
Bitcoin remains on track to re-test $ 10,000 and possibly break higher – as long as prices hold above $ 8,300.
CoinDesk
Bitcoin Revisits $10K After Yesterday’s 10 Percent Drop
Bitcoin has moved back up to the $ 10,000 mark, but the technical recovery will likely be short-lived, according to the technical charts.
CoinDesk
Bitcoin Price Under $10k As Big Resistance Triggers ‘A Few Days Of Bears’
Bitcoin price dropped below $ 10,000 again Thursday as analysis warns traders to prepare for “FUD” from detractors.
$ 11,700 The Target To Beat
Data from Bitstamp showed a sudden $ 500 dip over three hours, taking Bitcoin from around $ 10,300 to current lows of $ 9677.
Having traded as high as $ 11,762 this week, markets appeared to encounter a lack of support closer to $ 12,000 Wednesday, creating a rapid drop and reversing gains which began around February 17.
“We’re seeing some weakness; this is not good,” analyst Tone Vays told viewers during a Bitcoin weekly chart performance analysis Thursday.