Bitcoin is currently flashing some signs of strength as it continues consolidating within the lower-$11,000 region. Overnight, bears attempted to push the digital asset below $11,000, but this dip was met with significant buying pressure that subsequently allowed it to climb higher. Analysts are widely noting that the resistance found within the mid-$11,000 region remains […]
Bitcoin has been uncharacteristically stagnant for over two full months now. The trading range has been tightening, which has led to record low levels of volatility in the otherwise volatile asset. But the low volatility taking place currently has reached a level that kicked off an explosive uptrend in April 2019. Will the leading cryptocurrency […]
The bitcoin chart shows an interesting inverse fractal from 2019. The Feb-March price action last year, which resulted in a breakout, hints a breakdown for Bitcoin in 2020. Bitcoin is currently moving in the same manner as it did back in 2019 – just inversely. Market analyst Artem Shevelev spotted the upside-down relationship between Bitcoin’s […]
There are many analysts saying that Bitcoin looks like it’s at a medium-term high. As reported by NewsBTC previously, a trader said that the cryptocurrency is trading in a textbook “distribution” pattern. Referencing the chart below, the trader said: “A couple more clues developing that lend themselves to HTF distribution. 1. Rising Demand on the […]
Bitcoin has seen a sharp correction after tapping $9,800 during Monday’s trading session. As of the time of this article’s writing, the cryptocurrency trades for $9,300 — more than 5% below the highs. This rejection at a crucial resistance zone (~$10,000) has confirmed to a number of analysts that more downside is likely. A historically-accurate […]
Last week, Bitcoin and the rest of the crypto market saw a harsh rejection at critical resistance levels. Within minutes, almost all digital assets plunged by 5%, shedding the gains they had seen the day earlier. It’s a drop that has made some analysts skeptical that the rally will continue. As reported by Bitcoinist, an […]
It’s been a tough past day for Bitcoin. Just a little more than 12 hours after the cryptocurrency crossed $10,000 for the first time in weeks, BTC’s price tanked. As reported by Bitcoinist previously, saw a mass liquidation event on derivatives platforms that took Bitcoin as low as $8,600 on BitMEX. For BitMEX in specific, BTC […]
Bitcoin remains far below the $20,000 all-time high it established at the end of 2017’s crypto mania. But this hasn’t stopped investors from being extremely optimistic about the cryptocurrency. One prominent analyst recently said that the asset is looking “super bullish” from a long-term perspective. His comments are especially notable as he is an analyst […]
After attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days. BTC’s tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the loss of the key […]
The most recent push in Bitcoin price by bulls has resulted in the Relative Strength Index, or RSI, reaching full power. The commonly used trend-strength measuring tool hasn’t hit such overbought conditions since the June 2019 top. Does this mean that the first-ever cryptocurrency is topping out again, or is this just the start of […]
Bitcoin is just half a day into this week, but the cryptocurrency is already off to a bad start. As of this article’s writing, BTC is trading at $8,600 — just shy of 10% below last week’s high around $9,500 and 4% lower than where the asset started the week. It’s a reversal that has […]
Bitcoin mining firm Argo Blockchain said an 11-fold increase in revenues shows pivoting away from mining-as-a-service was a good move for the company.
Wednesday marked one of Bitcoin’s most powerful rallies in weeks. Within the span of just over 12 hours, the price of the leading cryptocurrency rocketed from $7,700 to a high of $9,000 — a dollar gain of $1,300 and a percentage gain of 17%. It was a move that shocked Bitcoin investors across the board, […]
The Chinese bitcoin miner manufacturer has disclosed it made a net loss of $148.6 million for 2019 on a revenue of $204.3 million.
Although the crypto market is as volatile as ever, data continues to pour in suggesting that prices will soon rebound. One analyst has now presented evidence that Bitcoin has dropped into a value zone that has rarely happened in its eleven year history. If correct, a short window now exists that places Bitcoin at a […]
As cryptocurrency exchanges beef up their security to defend themselves against cyberattacks, hackers are responding in kind by amping up their techniques — and the data shows that they’re finding success. Cryptocurrency exchanges faced more successful attacks in 2019 than in any other year since bitcoin began trading on public exchanges in 2011, according to […]
The Fear and Greed Index (FGI) for crypto is currently neutral at 53. The last time it was at this level, a 30 percent drop occurred for bitcoin in November 2019 from $9,400 to $6,410. The signaling of the indicator follows a swift six percent drop from $9,100 to $8,500, which happened in less than […]
Bullish sentiment is already flowing back into bitcoin markets. So far in 2020 BTC has made 13% and more is yet to come as a major buy signal flashes green. Bitcoin Reclaims $8,000 From an intraday low of $7,700, BTC has climbed an impressive 7% to top out at $8,250 during Asian trading today. Since […]
Bitcoin enjoyed a near 100 percent price gain over the course of 2019, but it otherwise had a tame year to round out the decade. 2019 was also the year that bitcoin’s price movements broke away from the rest of the cryptocurrency pack — and it continued to present itself as an uncorrelated hedge to […]
As much as there are high expectations of cryptocurrency, number of Bitcoin users did not increase significantly in 2019 from the 2018 figure. On the other hand, the number of Bitcoin ATMs grew significantly by 56 percent around the globe. Reportedly, around 4,102 Bitcoin ATMs were available in 2018 and grew up to 6,387 in […]
It has been an eventful year for bitcoin. Digital Assets Data, which records, collates and analyzes cryptocurrency and blockchain transaction, value and popularity information, has identified a few essential trends as 2019 comes to an end. Here are three bitcoin trends that we’ve been following this year. Bitcoin as Digital Gold To begin with, anyone […]
An overview of the worst and most outrageous Bitcoin price predictions of 2019. To prophesize is a natural human tendency. Humanity applauds those who make the right prediction and also love to hate on people when they miss the mark, especially by ridiculously large amounts. For many years, the crypto industry has been prone to […]
Bitcoin had one of its strongest years yet in terms of on-chain activity and usage, with several network metrics demonstrating all-time high activity. Bitcoin transaction count, transaction volume (on a USD equivalent basis), and the network hash rate hit new all-time highs this past year. Bitcoin transaction count surged in 2019 to reach its highest […]