Categories
Bitcoin Price Analysis

Bitcoin Price Prediction: Oversold Conditions On The Daily Chart

After a tough red weekend, Bitcoin is still struggling to find a clear short-term trend with the price hovering around the $7,000 mark. However, several momentum indicators signal better times for the bulls ahead, as Bloomberg noticed yesterday, November 26, 2019. Indeed, the Relative Strength Index (RSI) made a U-turn yesterday and is now just […]

Categories
Bitcoin Price Analysis

Another Red Weekend: Where To Bitcoin?

Since Thursday, November 21, 2019, Bitcoin’s price has dropped around 15% down to around $6,900 to $7,000. The regional short-term low was achieved early on Monday with the number one cryptocurrency testing the $6,500 waters. Will Bitcoin recover and regain the $7,000 and beyond, in the upcoming week? Not that likely if we zoom out […]