Bear Cross on Key Indicator Could Push Bitcoin Price to $7,300

At the moment, not too much is happening with Bitcoin’s (BTC) price action. The price continues to drop and a series of lower highs occur even as bullish news hits the press week after week. The news of Bakkt Bitcoin futures trading volume increasing by 796% failed to positively impact Bitcoin price and Fidelity Investments’ announcement that it has launched crypto custodial services also did little for the market.  Daily crypto market data. Source: Coin360 The general sentiment amongst Bitcoin traders seems relatively unenthusiastic and many traders view Bitcoin’s current…

Bitcoin (BTC) Price Weekly Forecast: Vulnerable Below $8K-$8.2K

There was a steady decline in bitcoin price below the $8,200 support against the US Dollar. The price is currently trading below $8,000 and it remains at a risk of more losses. There is a major bearish trend line forming with resistance near $8,100 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price must climb above $8,100 and $8,200 for bullish continuation in the near term. Bitcoin price is showing bearish signs below $8,000 against the US Dollar. BTC could extend its decline below the…