Still in bearish territory, bitcoin need to clear resistance at $7,780 in order to regain a bullish bias.
A major reprieve just may be in the offing for the battered bitcoin bulls in the next 36 hours – if, that is, historical patterns repeat themselves.
Bitcoin's retreat from Sunday's high of $7,779 has poured cold water over the bull mood generated by the weekend's positive price action.
Bitcoin looks primed for a move to $8,000, but low trading volumes point to the risk of a bull trap.
While most top-25 cryptocurrencies took a hit last month, lesser-known cryptocurrency bytecoin scored decent gains.
A long-term moving average has turned bearish for the first time in four years, threatening to impede continued gains in bitcoin's price.
Bitcoin's corrective rally is gathering traction and may cross a key resistance hurdle soon, the technical charts indicate.
EOS' move to its own mainnet is just a couple of days away, yet its native cryptocurrency is looking indecisive on the price charts.
Bitcoin regained poised on Tuesday, climbing back to over $7,550, but the bulls still have work to do.
Bitcoin is down again and looks set to test another key support level at $6,900, the technical charts indicate.