Price analysis

If the market holds the 200 EMA level, it is likely that expanding volume will react on any rally coming off the 200 EMA support.

In our previous discussion, a strong possibility for a retest of the low volume spring was noted as the market was beginning the early...

While it is inherently bearish to push below a trading range, there are a couple arguments that can actually put a bullish twist on bitcon's deep test of support.

While the market seems to be continuing its drift to new lows with greater and greater ease, there are a couple of bullish signals worth considering as the market continues to consolidate.

The current market trend has managed to find support on the prior lows; however, the support seems to be on shaky ground as it is currently trending in a pattern known as a bear flag.

We are currently in the process of testing important support levels and we need to keep a skeptical eye as monitor the bitcoin market and gage the reaction to these new support tests.

There are various levels of support that all need to considered and analyzed on a case-by-case basis, as they potentially could result in a cryptomarket-wide, devastating downward continuation.

The top bitcoin, blockchain and cryptocurrency news stories this week in Bitcoin Magazine

The bitcoin market has been consolidating for months in the form of a symmetrical triangle and is tightly wound for a strong, sustained move.

The current price action is forming a Falling Wedge which, if it breaks upwards, would have a price target in the low $9,000s.