As the U.S. dollar’s value slides, prices are suddenly rising for just about everything priced in dollars.
Bitcoin has extremely strong price action over recent days. At the highs of the rally on Monday, the leading cryptocurrency traded as high as $11,500 on leading margin exchanges. There remain signs that BTC could undergo a strong retracement after surging as high as $11,500. This comes in spite of the fact that BTC is […]
It’s been an impressive past few days for the Bitcoin market. The leading cryptocurrency started the week at around $9,200, but now BTC trades at $9,700 after managing to benefit from a rally in the price of Ethereum. With the recent price action, analysts argue that Bitcoin is primed to see an explosive move higher […]
Crypto analysts have recently suggested that Bitcoin options traders are flipping short-term bearish but data shows this is not the case. Bitcoin’s (BTC) consistent failure to break the $9,400 level over the past three weeks has led to some analysts becoming skeptical about the chance of a positive breakout. Although the $9,000 support has been […]
Bitcoin posted a strong reaction to its recent dip into the sub-$9,000 region The support here has since allowed the cryptocurrency to climb over 2% towards a critical near-term resistance level How it trends from here could depend on the resolution of a pennant that has been formed over the past couple of weeks One […]
Ethereum is declining and trading below the $225 support against the US Dollar. ETH price remains at a risk of more losses and it might revisit the $200 support. ETH price is showing bearish signs and trading below the $225 support area against the US Dollar. It tested the $215 support and settled well below […]
On Saturday, Bitcoin decisively dipped under $9,000, reaching lows not seen in over a week. It was a move that liquidated dozens of millions of dollars worth of longs, shaking bulls from their expectations of upside. Yet many analysts remain fundamentally optimistic, citing a number of trends indicating that Bitcoin still has a bullish undertone. […]
The put-call volume ratio of bitcoin options suggests Monday’s price decline could be short-lived. However, the cryptocurrency remains vulnerable to a further sell-off in stocks.
Bitcoin has seen a strong recovery since plunging nearly $1,000 in approximately 12 hours earlier this week. As of the time of this article’s writing, the leading cryptocurrency trades for $9,500 — around 5% higher than the local lows. Yet a number of analysts believe that it is only a matter of time before BTC […]
A prominent cryptocurrency analyst thinks that Bitcoin is primed to fall lower after June 11th’s 10% drop, despite the 5% bounce from the lows. He remarked in a post published on June 12th that the cryptocurrency has lost the support of a short-term ascending triangle, and thus is primed to fall to the range lows […]
Most major stock indices have collapsed under the pressure of the struggling economy. Whether it is due to the continued correlation between Bitcoin and stocks, or just general market sentiment turning bearish, the leading cryptocurrency by market cap has also started to decline. With the rest of the market in a sea of red, and […]
Even after a strong rejection at $10,400 last week, Bitcoin has held in the high-$9,000s ever since. As of the time of this article’s writing, BTC is trading for $9,800, seemingly poised to break into the five digits for the umpteenth time in weeks. The consolidation at such high prices has turned some optimistic. As […]
Since plunging as low as $8,600 earlier this week, Bitcoin has mounted a strong comeback that took prices as high as $9,900 on June 4th and 5th. The more than 10% bounce has convinced many traders of the bull case, hence why funding on futures exchanges remains positive, showing longs are more aggressive than shorts. […]
Upon checking crypto Twitter, cryptocurrency sub-Reddits, and elsewhere in the crypto space, investors are exceptionally bullish on Ethereum compared to Bitcoin. Long positions in Ethereum continue to skyrocket, and the amount of ETH locked up in DeFi grows by the day. Yet a dead accurate sell signal has just triggered on both ETHUSD and ETHBTC […]
For over two years now, Bitcoin has been outperforming altcoins like Ethereum and others. BTC dominance has continued to climb as a result. However, Ethereum may be forecasting another 50% drop on the ETHBTC trading pair that could bring dominance back to pre-bubble levels. ETHBTC Points To Dangerous Ethereum Drop Against Bitcoin In early 2020, […]
Just a week ago, Bitcoin was trading just dollars shy from $10,000. But after rumors (since disproven) spread about Satoshi Nakamoto selling his stash of BTC, the cryptocurrency has collapsed to $8,700. Some have deemed this move a “healthy” retracement, but a key indicator suggests that Bitcoin bulls have further losses ahead of themselves. Related […]
It’s been a tough past few days for Bitcoin. The cryptocurrency has slipped approximately 10% from the $10,100 monthly highs to a recent low of $8,800, triggered by fears that Satoshi Nakamoto is dumping his BTC. Bitcoin price chart from TradingView.com While those rumors have since been disproven by blockchain analytics companies, BTC has yet […]
Bitcoin endured a surprising sell-off on Wednesday after a mysterious entity moved 40 BTC from an address that has been inactive for a decade. Twitter account “Whale Alert” first speculated that the older Bitcoin wallet potentially belongs to Satoshi Nakamoto, who has 1.1 million BTC. Technically, bitcoin slipped after failing to cross above a long-term […]
After rallying over 100% from March’s capitulation lows, analysts are expecting a retracement in Ethereum, Bitcoin, and other top cryptocurrencies. They cite simple technical factors showing this market has lost the bullish momentum it had just 10 days ago. This bearish outlook, however, hasn’t stopped investors with deep pockets from accumulating Deep Pockets Are Accumulating […]
Ethereum prices dropped by a total of 10% as it falls to the $190 level. This price drop is largely a result of the BTC price fall. Ethereum dropped by a total of 10% today as the cryptocurrency dropped beneath the $200 level and reached the $190 mark. The cryptocurrency was previously trading above $210 […]
It’s been a volatile past seven days for Bitcoin. After peaking at $10,100 some 48 hours ago, the cryptocurrency took a dive on Saturday and Sunday morning, tanking $2,000 in about the span of 20 hours. In a dramatic sell-off, Bitcoin fell as low as $8,100, crushed by a seeming stop run that was reflected […]
All cryptocurrencies, from Bitcoin and Ethereum to smaller altcoins, have been rallying over the past few weeks. Just last week, Ether hit a high of $225 — up more than 150% from the lows seen during March’s capitulation. This move has convinced analysts that more upside is in the works for all cryptocurrencies. Yet an […]
Bitcoin has again rallied sharply in the weeks leading up to the impending halving event, but if historic patterns are anything to go by, the cryptocurrency could suffer a temporary price pullback following the event.