Traders Blog - Analysis, Strategies, News and more | Category - Crypto
![Bitcoin rebounding continues – will the downtrend reverse?! Bitcoin rebounding continues – will the downtrend reverse?!](https://blog.ifcmarkets.com/storage/images/post_images/library/post_image_1656336158.png)
Bitcoin rebounding continues – will the downtrend reverse?!
Bitcoin rebounded last week. Bitcoin price is above $21,000 currently though there is widespread belief it will fall below $20,000. A glance at the daily chart reveals Bitcoin is trading sideways currently. However, the bulls have not overtaken bears...
![Bitcoin rebounds – still in downtrend though! Bitcoin rebounds – still in downtrend though!](https://blog.ifcmarkets.com/storage/images/post_images/library/post_image_1655731734.png)
Bitcoin rebounds – still in downtrend though!
Bitcoin retreat continued last week. Bitcoin price is above $20500 currently, after falling under the $28850-$30700 support range. A glance at daily chart reveals Bitcoin market is oversold – the RSI indicator is in the oversold zone. That explains t...
![Bitcoin back in downtrend – traders close to capitulation! Bitcoin back in downtrend – traders close to capitulation!](https://blog.ifcmarkets.com/storage/images/post_images/library/post_image_1655126942.png)
Bitcoin back in downtrend – traders close to capitulation!
Bitcoin reversed the rebound last week and renewed the downtrend again! Bitcoin price is below $24000, considerably under the $28850-$30700 support range. A glance at daily chart reveals Bitcoin market is oversold – the RSI indicator is in the overso...
![Bitcoin reversed the downtrend – set to rise! Bitcoin reversed the downtrend – set to rise!](https://blog.ifcmarkets.com/storage/images/post_images/library/post_image_1654520938.png)
Bitcoin reversed the downtrend – set to rise!
Bitcoin reversed the downtrend last week! Bitcoin price is about to move above $31,400 – continuing on a new bullish leg that will take it back into the uptrend channel that it broke out to the downside four weeks ago! Against the backdrop of global...
![Bitcoin about to reverse the downtrend –above $30,000 still! Bitcoin about to reverse the downtrend –above $30,000 still!](https://blog.ifcmarkets.com/storage/images/post_images/library/post_image_1653917274.png)
Bitcoin about to reverse the downtrend –above $30,000 still!
Bitcoin continued trading in a downtrend range last week. Bitcoin is currently back above $30,000 and a glance at daily chart reveals the bearish trend is about to breach above $30,750 and the RSI indicator has formed a bullish divergence. And in cas...
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