Bitcoin has now entered a consolidation phase within the mid-$9,000 region following the meltdown seen yesterday This has made it increasingly unclear as to which direction the benchmark cryptocurrency will trend over a mid-term time frame One analyst is calling into question the long-term strength of BTC’s multi-month uptrend due to the “V-shaped” recovery it […]
Bitcoin’s buyers and sellers engaged in a heated battle yesterday just prior to the cryptocurrency’s critical monthly close This led it to see heightened volatility, with bulls prevailing over bears Buyers were able to propel the cryptocurrency above a massive monthly resistance level that has been holding strong throughout part of 2019 and all of […]
The likes of Paul Tudor Jones and his hedge fund are now buying Bitcoin. Grayscale is scooping up over 150% of newly minted coins. Yesterday, a record number of Bitcoin futures contracts expired on the Chicago Mercantile Exchange better know as CME. Interest from these “smart money” investors and traders is soaring, and now, a […]
Ethereum incurred some explosive momentum yesterday that allowed it to erase weeks of losses that it had posted against its Bitcoin trading pair. This latest movement has significantly bolstered its market structure, with ETH to rallying up to its local highs of $235 that were set several weeks ago. It still has quite a way […]
The price of Bitcoin dropped to $8,600 and is now fluctuating just above $9,000, showing high volatility as several factors make its next step unclear. The price of Bitcoin (BTC) dropped to as low as $8,600 on May 25 as retail investors on Coinbase led an abrupt short-term downtrend. The price has since fluctuated between […]
The crypto altcoin asset known as Stellar, or XLM, was among the worst performers during the bear market. However, a powerful fractal found on the asset’s price chart could show just how epic the next crypto bull market can be. Bitcoin Halving Triggered Massive Crypto Upsurge and Alt-Season Last Cycle In late July 2016, Bitcoin […]
Bitcoin price has fallen below $7,000 this past week after nearly doubling from the extreme lows set just a few weeks prior. As the leading cryptocurrency begins to fall lower and find support, the next logical targets could be as deep as the $5,000 range. Cloud Becomes Resistance, Responsible for Rejection Above $7,000 After an […]
Following Black Thursday, Bitcoin was on a tear, gaining 50% since that fateful day. BTC was trading at $7.3k, but a rejection at the 50-day moving average, coupled with falling volume, indicated a trend reversal. Bitcoin daily chart with 50-day & 200-day MA and volume. (Source: tradingview.com) Not only that, but the failure to break […]
More data is flowing in suggesting that May’s block reward halving will initiate notable gains in Bitcoin’s value. This latest analysis suggests that the flagship cryptocurrency will slowly move up for the rest of the year, and eventually eclipse its all-time high. BITCOIN PRICE IS FOLLOWING A CLEAR PATTERN Analyst Bitcoin Jack has posted a […]
Minutes ago as of the time of this article’s writing, Bitcoin breached a daily high, rallying past $7,000 to near $7,050.This meant that from Sunday’s lows, BTC is up 5%, echoing gains seen in the stock market, despite a worsening coronavirus outbreak. With the recent strength in mind, what are analysts expecting to come next? […]
For the first time in just under a week, Bitcoin has tumbled under $6,000, extending Friday morning’s losses of 10%. As of the time of writing this, the cryptocurrency trades for $5,930, having hit $5,895 just minutes ago as of the time of this article’s writing. While this price action just transpired, many analysts believe […]
A number of signals continue to tie Bitcoin to the present global economic crisis. Although the flagship cryptocurrency has shown stability over the past few days, some analysts now see more price drops ahead. Global Stock Market Will Impact Bitcoin Josh Rager has posted a chart showing that the S&P 500 (SPX) has dropped below […]
Ethereum, much like Bitcoin and all other major cryptocurrencies, is currently caught within a bout of range-bound trading that has led it to hover within the mid-$130 region. This lackluster price action may not last long, however, as analysts are now widely noting that the crypto may soon “dive hard” during the next major Bitcoin […]
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Over the past few days, Bitcoin saw some bullish price action for the first time in weeks. This rally took the asset as high as $6,900, up 80% from the $3,800 bottom seen last week and up 28% from the $5,400 baseline. Unfortunately, it ended abruptly just hours ago, with the cryptocurrency seeing a strong […]
After closely hugging $8,000 for three or four hours, Bitcoin finally lost the support of $8,000 just minutes ago, plunging as low as $7,900 as of the time of this article’s writing and per data from TradingView. Per data from Skew.com, this latest leg lower, which is the fifth of its kind in the past […]
Bitcoin continues to break below key supports. In the last 24 hours, the digital asset has dropped by 2%. On Thursday, Bitcoin looked ready to get back up as it climbed to $8,900 in a few hours. This was however short-lived. The rally was rejected at this position killing chances that the upward trajectory extended […]
From the current positions, both Bitcoin (BTC) and Ethereum (ETH) prices may sink below key levels, taking a breather before the next rally. Bitcoin, Ethereum Prices to Face Rapid Correction The cryptocurrency market will not go up all the time, and corrections from current levels are highly probable recent analysis shows. Based on Quantum Hedge […]
Bitcoin has consolidated above $10,000 this week, gaining 45% year-to-date. According to a technical analyst, the rally hasn’t consumed yet. Bitcoin Enters High-Momentum Phase JC O’Hara, chief market technician at MKM Partners, told CNBC’s “Trading Nation” yesterday that cryptocurrencies tend to trade in two distinguishable phases. The first is the dormant consolidation phase, which is […]
Bitcoin has been on an absolute tear over the past few days. Since bottoming at $9,100 early this week, the cryptocurrency has ripped higher, surging from $9,100 to a recent high of $9,850 as buyers have stepped in en-masse. While this over 7% surge is already impressive in and of itself, data suggests that crypto […]
Traders encouraged by Ethereum’s impeccable growth in the decentralized finance (DeFi) sector have pushed its native token Ether to its five-month high. The Ether-to-dollar exchange rate cemented a new yearly peak of $222.63 after surging by 4.55 percent on Friday. The move uphill extended the pair’s year-to-date gains to 71 percent, making Ethereum one of […]
Bitcoin has been caught within a wild uptrend throughout 2020, rapidly rising from lows of $6,800 to highs of $9,600. This uptrend, although wild on a small scale, may ultimately prove to be minuscule when compared to the insane rally the cryptocurrency could see in the coming several months, as historical data suggests that BTC […]
Bitcoin has held on to gains again as longer term technical signals start switching to green. An approaching golden cross could yield bigger gains if last year’s pattern repeats. Bitcoin Holding Gains The move above $9,000 this week is holding strong as bitcoin begins to consolidate here. According to Tradingview.com BTC touched $9,430 a few […]