Crypto Markets News 

Bitcoin Price Risks Falling Under $8.4K If the Bulls Don’t Step Up Now

“For example, $9,050 was broken as support, which caused the price to drop to the next support level at $8,700” writes Micha L Van for cointelegraph.com. Alongside with a drop below the crucial moving averages, the price of Bitcoin wasn’t able to break the downward trendline.Bitcoin (BTC) price is still retracing from the massive rally two weeks ago, which leads the sentiment to turn bearish. Source: cointelegraph.com

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Crypto News 

Bitcoin Price Defies ‘Death Cross’ as Bulls Pin Hopes on $9.1K Bounce

“Bitcoin (BTC) price continues to trend lower, marking 5 consecutive lower highs as the price makes a stairstep decline in a falling wedge” writes Horus Hughes for cointelegraph.com. A move to the Bollinger Band indicator moving average at $9,121 would also bring Bitcoin price to the 61.8% Fib retracement level from the Oct. 25 move from $7,400 to $10,540.A pop above the falling wedge resistance would bring the price above the 50% Fibonacci retracement level, a point thoroughly discussed in a previous analysis.The price has pierced the $8,674 support three…

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Crypto News 

Bitcoin Price Falls Below $9K as Bears Back in Control Eyeing $8.2K

“Bitcoin price (BTC) fell almost 5% on Monday morning, finding lows of $8,593, completely reversing the weekend recovery back above the $9,000 handle and below the lows of the prior week” reports cointelegraph.com. With the bulls under pressure, all eyes will be on the $8,000 handle this week if the bears manage to push the price lower.This effectively means that although the price is still declining, the momentum of the drop is decreasing. Source: cointelegraph.com

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Crypto News 

Why Did Bitcoin Price Drop Below $9,000? A Pivotal Weekend Ahead

“This pattern would be invalidated if Bitcoin can break and reestablish price action above the previous support level of $9,000” reports cointelegraph.com. The 50-DMA and the previous range high have subsequently come to support price above the 61.8% retracement from the move up to $10K from the mid $7K lows. Source: cointelegraph.com

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Crypto News 

Bitcoin Price: Big Move Brewing as $9.5K Becomes Next Key Battleground

“Bitcoin price (BTC) closed the week at $9,207, down 3.66%” reports cointelegraph.com. Despite a surprisingly low volatility weekend, the bulls helped keep Bitcoin price above $9,000 for 10 days and at the time of writing the price continues to consolidate.The pinch between these moving averages is an area of interest to follow as a daily close above or below these key averages could indicate the next direction for Bitcoin price.With the battle lines tightening and the bulls pushing early on Monday, eyes will be on the critical weekly resistance level…

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Crypto News 

Bitcoin’s First Monthly Gain Since June Spells Bullish for Q4 2019

“Bitcoin price (BTC) closed out October at $9,150, which represents the first monthly gain since June” reports cointelegraph.com. The price lows $7,000s in October represented a 61.8% retracement of the entire 2019 move and the first green candle in 4 months.This would be a first since 2016, which highlights that Bitcoin price action has been moving higher as a whole.Thus, the gap-filling narrative has not subsided and poses a threat should price action continue to fill weekend gaps as has commonly been the case.So far, Friday has brought a small…

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News Stocks 

Tesla’s Musk awakens the bulls, but prudent investors should go slow

“For prudent investors, the best way to look at Tesla stock right now is as a trading stock” writes Nigam Arora for marketwatch.com. This is a big positive for Tesla stock. • Tesla says self-driving “appears to be on track” for year-end release.This is a negative. • The chart shows that the prior downtrend in Tesla stock is decisively broken and now Tesla stock is in an uptrend.A great earnings report from Elon Musk’s Tesla on Wednesday reignited the dreams of Tesla bulls. Source: marketwatch.com

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News 

Tron Price Analysis: Bulls Sighting Fresh Increase Above $0.0165

“However, TRX price failed to continue above the $0.0168 resistance and later started a fresh decline” writes Aayush Jindal for livebitcoinnews.com. This past week, TRON price climbed above the $0.0165 resistance area against the US Dollar.TRON price is showing positive signs against the US Dollar and bitcoin.TRX price remains well supported and it could soon surpass the $0.0165 resistance.The chart indicates that TRX price is facing a lot of hurdles near the $0.0160 and $0.0162 levels. Source: livebitcoinnews.com

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News 

Navy runs over South Florida 35-3; Perry joins elite company

“The Navy defense backed another dominant performance on the ground by senior quarterback Malcolm Perry in a 35-3 victory over South Florida on Saturday” reports foxsports.com. South Florida: The Bulls had won their previous two games, but that momentum came to a halt against the Midshipmen’s tenacious defense.ANNAPOLIS, Md. (AP) — Navy coach Ken Niumatalolo knew his defense was poised for a break-out season during spring practice. Source: foxsports.com

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