Summary: After a very strong round of selling that dropped the price almost $2,000 in just a couple of days, the market managed to find support at an important macro level. The support rally marked a third, higher high for our current market and it rallied on very high volume and spread. The market is […]

Bitcoin, the world’s number one cryptocurrency by market capitalisation, has been championed by many as a suitable hedge against the often-reckless and self-serving economic policies of governments. This includes episodes of currency devaluation caused by the very threat of such policies. Such is happening right now in Argentina. Today, the national currency, the peso, has […]

Bitcoin sentiment is still very much bullish as price levels increase $2,000 since the beginning of August. On the charts we can now see a bullish pennant has formed which could be foreshadowing an imminent breakout to the next resistance above at $12,400. Bitcoin Price 1-Hour Analysis On the 1 hour chart for XBT/USD we […]

Binance Coin has dropped to the bottom of a clear falling wedge pattern after crashing 20% against BTC pairing over the last 2 weeks. A short-term reversal could be on the cards if this particular formation plays out. Binance Coin Daily Analysis On the daily chart for BNB/BTC, we can see the wedge pattern forming […]

Bitcoin price traded higher and broke the key $10,200 resistance area against the US Dollar. The price is placed nicely above the $10,200 level and it recently tested the $10,500 area. There is a major bullish trend line forming with support near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). […]

This morning, July 31, 2019 Bitcoin price soared from lows around $9,500 to a local high of $10K before the leading crypto asset by market cap took a short pause. Bears have been in control ever since Bitcoin price was rejected from $13,800, and has struggled to maintain the bullish momentum it has had behind […]

Bitcoin price formed a solid support near the $9,200 level and recently recovered against the US Dollar. The price is trading nicely above $9,500 and it recently tested the $9,770 level. There is a short term contracting triangle forming with resistance near $9,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). […]

Bitcoin (BTC) has been incurring significant selling pressure as of late that has caused significant damage to its technical strength. This selling pressure is coming in spite of some bullish fundamental developments that have occurred as of late, including the state-sponsored Bank of China offering what can be defined as a bullish outlook on Bitcoin. […]

At long last, Bitcoin (BTC) has entered the mainstream discourse. Despite it still trading $9,000 shy of its $20,000 all-time high, established in late-2017 on the back of retail hype, the cryptocurrency has become a trendy topic. So trendy, in fact, that American leader Donald Trump decided to comment on Bitcoin and its ilk in […]

Bitcoin price rallied recently above the $10,000 and $10,200 resistance levels against the US Dollar. The price climbed towards the $10,800 resistance and recently started consolidating gains. There is a contracting triangle forming with resistance near $10,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could accelerate towards $11,000 […]

Despite the recent fall of Bitcoin, experts have not yet abandoned their bullish sentiment. In fact, it seems that current events have only served to reinforce this perception. While it is true that bitcoin experienced a sharp drop, breaking essential supports for swing and day traders, in a long term vision it is possible that […]

Bitcoin and the aggregated crypto markets have faced an extension of the downwards pressure that they have been battling with over the past several weeks, which briefly sent BTC back into the four-figure price region before it found some buying pressure that allowed it to climb slightly higher. Analysts are now noting that BTC is […]

US lawmakers are mulling a new bill that will boost bitcoin and prohibit tech monopolies from launching their own cryptocurrencies. The draft discussion has surfaced ahead of Facebook’s scheduled congressional hearing this week on the Calibra crypto project. Bill Bullish For Bitcoin The July 12 dated draft entitled ‘Keep Big Tech Out Of Finance’ surfaced […]

On the 10th of July, ETH broke down from the current uptrend at around $290 visible in my ethereum price previous analysis. Since then, price levels have dropped back to support levels around $230 resulting in a 20% move in favor of the bears. Price levels look poised to drop further which will result in […]

You know those weeks when the world just seems to be on your side. Everything goes right, and even seemingly unrelated events conspire to work out in your favour? Well Bitcoin just had one of those weeks. Bitcoin Gets The Recognition It Deserves One sign that things are going your way is people saying nice […]

Bitcoin price hit a peak of $13,000 on the 10th of July just two days ago. Since this price levels have pulled back to POC (Point of Control) around $11,300 as mentioned in my previous bitcoin price analysis. Three descending lows are evident on the 30 Minute time-frame alongside descending volume and ascending RSI which […]

The long-awaited Bitcoin price correction has failed to materialize yet again as the king of crypto has held on to gains over the weekend. Consolidation around $12000 appears to be forming and the uptrend is still clearly very strong. Bitcoin Price Back Above $12000 Over the past 24 hours BTC has been slowly grinding higher […]

Investors interest was at its peak with Bitcoin forming a new yearly high at $13,878. Bitcoin is poised for an upward move in the coming sessions on Friday. Bitcoin’s break above $10,000 is said to have been fueled by the groundbreaking announcement of Facebook’s cryptocurrency Libra. Many including the CEO of Galaxy Digital Holdings Mike […]

On Wednesday, the Federal Reserve’s Jerome Powell was asked about his latest thoughts on Bitcoin (BTC), crypto assets, and Libra. True to his nature as an integral piece of traditional finance, the chairman of one of the world’s most powerful institutions didn’t express fear. In fact, echoing a quip he made in 2018, he claimed […]

By CCN Markets: The price of bitcoin has broken through the $9,000 mark and seems well on its way to $10,000, but brokerage firm eToro believes that there’s a pullback in the cards before the cryptocurrency enjoys its next bullish run. Simon Peters, an analyst at the multi-asset investment platform eToro, has warned investors to […]

Bitcoin Could Soon Find Resistance While the crypto industry was hit with a string of bad news, Bitcoin (BTC) has rallied hard over recent days. As of the time of writing this, the leading cryptocurrency is valued at a cool $8,800 per coin, with bulls managing to wrest BTC from the grasps of a correction, […]

Coinspeaker Analysts: Italy Taxing Safety Deposits Could Be Bullish For Bitcoin The Deputy Prime Minister of Italy proposed a new tax on cash and other valuables held by citizens at safety deposit boxes. Thi measure could drive people towards Bitcoin as a way to keep their savings safe from cash-strapped government ministers. Analysts: Italy Taxing […]

Summary: After a week and a half of consolidation, the bitcoin market finally broke north of its range. However, the weekly resistance band has yet to be broken and, unless we clear this level and flip it as support, there is a very strong chance we will actually reverse this breakout with a strong move […]