Bitcoin price could drop by 64% from here despite the May 2020 halving based on a historic indicator that suggests BTC may be in the middle of a bear cycle. As the Bitcoin price (BTC) begins to slowly ascend, the question on everyone’s minds is whether the latest bottom is in, or whether there is […]

The gold price dropped by 1.75% in the past three days despite… The post Bullish Stock Market Rally Shines but Gloomy Gold is Slumping appeared first on CCN.com

Bitcoin (BTC) has been able to incur some decent upwards momentum in the time since its faced a strong and swift rejection around $7,800, as it has since climbed up towards $7,600. Analysts are noting that this recent price action may point to the possibility that Bitcoin is forming a bullish long-term bottom formation, which […]

Since Bitcoin (BTC) tapped $6,500 in late-November, analysts have been wondering if the bottom is really in. You see, the leading cryptocurrency bounced by 20% from $6,500, hitting $7,850 just a week back. Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart Pattern While some say that the fact that Bitcoin […]

Bitcoin is grinding towards a couple of bullish pattern breakouts; the triangle and falling wedge pattern breakout. The search for formidable support or bottom will continue before the rally begins. Bitcoin declines in the last couple of days have been an extension of the breakdown that took place on Friday. The weekend session served as […]

Bitcoin (BTC) is about to see a massive bout of volatility, according to a long-term technical indicator. Sure, the leading cryptocurrency spiked by 42% two weeks back, surging from $7,300 to $10,500 seemingly on the news that China’s President was calling for the formal adoption of blockchain technologies. But, something bigger is purportedly brewing. Related […]

Summary: The bitcoin market has been range-bound over the last week and a half and is now seeing consolidating volume and a consolidating price structure. The consolidation within our current range is forming an ascending triangle with a $500 move to the upside and a price target of around $10,000. However, a failure to break […]

Bitcoin and Ethereum are consolidating within a narrow trading range. Bitcoin may have resumed its macro-uptrend, said a renowned technical analyst. XRP prepares for a major event that could trigger an increase in demand. Last week, the total crypto market capitalization surged over 40% to reach a high of $267 billion. During this time, approximately […]

Bitcoin (BTC) bulls have managed to retake control over Sunday’s trading session. As of the time of writing this article, the leading cryptocurrency is trading at $9,750 — around $800 higher than Saturday’s local low of $8,900, which itself represents a 10% swing upward. Related Reading: Analyst Lays Out Reasons Why Bitcoin Price Isn’t Decisively […]

There was a strong rise in bitcoin price from above $8,000 and $9,000 against the US Dollar. The price even spiked above the $10,000 resistance, but it failed to hold gains and declined. There is a short term bullish trend line forming with support near $9,080 on the 4-hours chart of the BTC/USD pair (data […]

Bitcoin is going to benefit from the ongoing repo crisis in the US banking system, hinted Gabor Gurbacs of VanEck, a New York-based investment management firm. The Digital Asset Strategist, who oversaw the drafting and filing of VanEck’s Bitcoin ETF application to Securities and Exchange Commission (SEC), on Thursday indicated that Fed’s plans to inject […]

Since plunging all the way to $7,700 last week, Bitcoin has found itself in a lull. The price of the crypto asset, as seen below, has been extremely mild over the past few days. The one-day Bitcoin volatility index on BitMEX, in fact, is starting to “get closer to [the move which precedes] big candle […]

Twitter user PlanB, who is known for his Bitcoin statistical model based on the stock-to-flow ratio, said that we’re now entering a new phase, citing his fractal dimension indicator. The chances are that we’ll see a strong bullish rally in 6 to 12 months, which coincides with the next halving. Bitcoin and Stock-to-Flow Recently, we […]

Bitcoin has been able to extend the upwards momentum that it has incurred over the past day, which has allowed it to gain what appears to be a solid foothold within the mid-$8,000 region. This foothold may allow bulls to begin pushing the cryptocurrency higher, although it is important to note that BTC is still […]

After incurring a sharp sell-off last night, Bitcoin’s bulls stepped up to the plate and were able to propel the crypto back into the lower-$8,000 region. This latest bout of volatility further confirms the notion that the upper-$7,000 region is a bastion of support for BTC. Importantly, this price action also allowed the cryptocurrency to […]

Earlier today, news broke that the central bank of Venezula is in tests to see whether it would be advantageous for the institution to hold cryptocurrency reserves. The nation’s state-run oil company is also apparently attempting to send Bitcoin (BTC) and Ether (ETH) to pay suppliers via the central bank. Naturally, many commentators have celebrated […]

The selling pressure by Bitcoin [BTC] bears seems to have slowed down for a moment. The price is holding on above the 200-Day Moving average around $8340. However, analysts still predict violent moves in Bitcoin on either side. BTC/USD 1-Day chart on Bitstamp (TradingView) The bearish candlestick recorded on 24th September recorded a drop of […]

Many analysts over the years have said that bitcoin is a speculative bubble, comparing it to tulips or beanie babies. However, BTC is still here and doesn’t look to be going anywhere. Here are a few reasons why bitcoin was and continues to be, a solid investment. The Bitcoin “Bubble” refuses to Pop Bitcoin, since […]

Ethereum’s price supported by strong market fundamentals was flying high on the charts, at press time. After rallying past a lackluster period of price activity, the second-largest digital asset was up by almost 6 percent over the last 24 hours. Breaching major resistance at $197.38, the valuation crossed the $200 mark for the first time […]

ETH price is finding a strong buying interest near the $165 level against the US Dollar. The price is currently climbing higher and testing a major resistance area near $180 and $182. There was a break above a major bearish trend line with resistance near $176 on the 4-hours chart of ETH/USD (data feed via […]

As bitcoin price remains in its range-bound channel, other indicators are slowly turning bullish for the king of crypto. BTC has held on to five figures as we begin the weekend and bigger things could be in store as open interest mounts up. Binance and BitMEX Building Up Bitcoin Looking at on-chain flows for the […]

Bitcoin price managing to retain higher ground as altcoins’ troubles grind deeper. Bitcoin (BTC) price was targeting $10,500 on Sept. 3 as the latest renaissance for the largest cryptocurrency saw it deliver surprise gains.  Market visualization. Source: Coin360 Bitcoin price reverses losses to challenge $10.5K Data from Coin360 tracked BTC/USD as it rose 6.2% in […]

Bitcoin price surged higher and broke the main $10,000 and $10,200 resistances against the US Dollar. The price is currently consolidating below the next key resistance at $10,500-$10,525. This week’s followed key bearish trend line was breached with resistance near $9,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price […]