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Bitcoin broke below $7,000-support after US oil futures slipped into negative territory for the first time.The cryptocurrency’s latest plunge has alerted an old bearish setup that ensures its rate near $5,300.Positive fundamentals are holding bitcoin above key support levels for now.Bitcoin failed to sustain above $7,000 after the US oil
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Over the past few days, Bitcoin has started to trend higher; since hitting $8,400 last weekend, the price of the leading cryptocurrency rallied as high as $9,250 on Saturday morning.Although there are many optimists saying that this price action is a precursor to even greater gains — Bloomberg suggested that
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Bitcoin’s recent price action has made it incredibly unclear as to where the cryptocurrency could be positioned to move next, with its recent drop below $10,000 suggesting that bulls do not have enough strength to surmount the resistance that exists around this price level. In the near-term, Bitcoin’s bullish reaction to
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