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Bitcoin [BTC] Bulls Hold Above $8000 but Long-Term Bearish Trend Still Intact

Bitcoin [BTC] has been holding its bullish sentiments with a 11% positive weekly close at $8180. The levels above $7,800 are beginning to establish a new range with resistances at $8200 and $8375. BTC/USD Weekly Chart on Bitstamp (TradingView) The oscillators like MACD and CMF on weekly are now starting to reach reversal points. They […]

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Bitcoin Still Overtook Trump, VISA, PayPal, and Libra on Google Search in 2019

2019 has been a slow year for bitcoin. It is up almost two-fold since January but it is at risk of ending the year with a 50 percent drop from its yearly high. Still, it has managed to overtake Donald Trump, VISA, PayPal, and Libra on Google Trends at the year’s peak. Cryptocurrency researcher Eric […]

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Bitcoin Still King, China Sways Crypto Prices

The state of the blockchain space in November shows long-running trends establishing themselves. Bitcoin (BTC) was still the leader in multiple metrics, and China was the focus as activity flowed to local markets, shows the latest Longhash report. China Emerges as Leader in Trading Activity November’s Blockchain Data Report focused on China, basing its conclusions […]

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Despite 50% Crash, Bitcoin Still Up 96% in 2019; Can Bulls Maintain Uptrend?

Bitcoin hasn’t had the best second half of 2019. In fact, since the end of June, the leading cryptocurrency has collapsed by 50%, now trading at $7,000 after establishing a year-to-date peak at $14,000. This collapse has made many cryptocurrency critics revel. Mark Dow, a prominent hedge fund manager that became famous in the crypto […]

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Sorry — But Bitcoin Can Still Drop to $2.7K While Everyone’s Bullish

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 […]

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Bitcoin Price Still on Track to Hit $6,200, Eerily Accurate Fractal Predicts

Bitcoin’s precipitous drop to $6,600 seen earlier this month caught many traders aback; nearly no one, not even the top traders and analysts, expected for that price action to play out as it did in real life. Few predicted the subsequent bounce to $7,800, where BTC sits as of the time of writing this, too. […]

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Ethereum Network Activity, DeFi Still Growing, When Will ETH Prices Follow?

Fundamentally Ethereum is going from strength to strength. Network activity is up, development is on track, an upgrade is imminent, and DeFi is hitting record figures. Yet ETH prices have fallen again so what is going on? Ethereum Network Strengthens Despite a flurry of FUD from Bitcoin maximalists and rival network supporters, Ethereum is still […]

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Despite 15% Bounce, Bitcoin Price Still Bearish on Weekly: Analyst

After hitting $6,600, Bitcoin (BTC) saw a strong price bounce, returning to $7,800 just yesterday. Though, analysts have asserted that the cryptocurrency market remains in a weak state, despite the nearly 20% recovery that has been seen over the past week. Related Reading: Dr. Doom: Ethereum Still a Long Way From $0, Its True “Fundamental Value” […]

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Wall Street Still Doesn’t Get What Bitcoin Might be Used For

Despite being one of the most discussed topics in the last few years, Wall Street still can’t figure out the utility of Bitcoin. Bitcoin Needs Greater Utility, Bakkt CEO Says Adam White, CEO of Bitcoin futures exchange operator Bakkt, said that “there needs to be greater utility” for Bitcoin. Nevertheless, it didn’t stop Bakkt, a […]

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Analyst: Ethereum Still on Track for Move to $260 as Network Activity Spikes

Ethereum has been closely tracking Bitcoin’s price action over the past several days and weeks, and this correlation has persisted when ETH dropped overnight as BTC was met with significant selling pressure within the lower-$9,000 region, which subsequently sent it reeling down to $8,700. Bitcoin’s current bearishness has caused Ethereum to show similarly bearish signs, […]

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Why Bitcoin Mining is Still a Very Lucrative Venture

Bitcoin prices are still extremely volatile and, as we saw at the weekend, experience wild swings in both directions. This trend is likely to continue until distribution evens out and is not as ‘top heavy’. BTC mining, on the other hand, has had a much smoother ride in recent years. Cumulative Bitcoin Mining Revenue Tops […]

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Ethereum (ETH) Price Still Capped By Key $185 Resistance

ETH price is still struggling to break the key $185 resistance area against the US Dollar. The price is currently correcting lower and it might find support near $178 or $175. There is a connecting bullish trend line forming with support near $178 on the hourly chart of ETH/USD (data feed via Kraken). The pair […]

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Bitcoin is Still Best-Performing Asset YTD Despite Bearish Q3

Summing up the returns as at the end of the third quarter, Bitcoin is the best-performing asset year-to-date despite the September crash. Bitcoin is the Indisputable Winner On January 1, the oldest cryptocurrency out there started at $3,746, according to Coinmarketcap data. At the time of writing, Bitcoin is trading at around $8,204 as at […]

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Tom Lee: Bitcoin (BTC) Is Still Too Small For Institutions

Bitcoin (BTC) has maintained a hold above $8,000 for the past few days and it appears to be consolidating here. The Bakkt futures launch a couple of weeks ago was hugely underwhelming and industry experts suggest that bitcoin and crypto is still too small for institutional interest. Bitcoin Price Holds Support BTC topped out at […]

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If In Doubt Zoom Out, Bitcoin Profitable Days Still at 91.5%

Even despite the recent haircut off Bitcoin’s market capitalisation that saw prices once again crash spectacularly through the $10,000 level, those buying the crypto asset throughout most of its history would theoretically be in profit if they had held onto their investment until today. In fact, Bitcoin prices were lower than they are today on […]

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Bitcoin Price (BTC) Weekly Target of $7.5K Still In Sight

Bitcoin price extended its decline and broke the key $8,000 support area against the US Dollar. The price is likely to test the main weekly bearish target of $7,500 in the coming sessions. There was a bearish break below a contracting triangle with support near $8,350 on the hourly chart of the BTC/USD pair (data […]

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Bitcoin, the Best Performing Asset Ever, is “Still Very Cheap”: Prominent Investor

Bitcoin (BTC) is undoubtedly the best performing asset… ever. MarketWatch reported earlier this year that if one strapping investor put $100 into BTC on July 16th, 2010, that sum would have swelled to over $7,000,000 by March 2019. This, for those wondering, is upwards of a 70,000% or 7,000,000% gain — something most investors can’t […]

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‘Bitcoin Is Digital Gold’ Narrative Still Unproven, Warns Expert Trader

Veteran trader says Bitcoin might not be digital gold and suggests an impending recession will test the Bitcoin as a store-of-value narrative. For many, trading cryptocurrency can be a challenge, but the process is made easier if one relies on a combination of technical analysis tools and oscillators to provide insight on which path digital […]

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Ethereum Fundamentals Still Solid Despite Price Collapse, Could Surge Soon

The world’s second largest crypto asset has taken a beating recently. Not only has Ethereum price collapsed below $200 but it is constantly hounded by the majority of the crypto community which remain blinded by the performance of its big brother. Ethereum Remains Asleep In terms of price action, there are not many positive things […]

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Bitcoin Panic Unwarranted But Ethereum Still ‘Ugly’ Below $200

The week has ended with reclamation of five figure prices by bitcoin. Some of the altcoins have been marginally dragged up with it, but many including Ethereum are still looking extremely weak. Bitcoin Back Over $10k The past five instances bitcoin has dropped into four figures have been brief encounters. There is clearly a mass […]

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Bitcoin Rebuffed at $11,000 But Still In Bull Territory

Bitcoin has failed the $11,000 test again although it was a pretty half-hearted attempt. Touching $10,948 on Coinbase, the price quickly retreated to currently trade at . Just as the 200 MA on the day chart is providing support, it is the 4-hour 200 MA that s the resistance that could prove a hard nut […]

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Bitcoin Slips in Tandem with US Stocks; Still a Safe-Haven?

Bitcoin fell by as much as 5.54 percent on Wednesday after bond markets warned the possibility of a recession is growing. The BTC/USD instrument today established a new local swing low of $9,470 on San Francisco-based Coinbase exchange. The downside price action brought the pair’s week-to-date losses to circa 18 percent. It nevertheless attempted a […]

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Cryptocurrency Market Sees Red as Bitcoin Still Struggles Under $12,000

Major coins are seeing red, with Tezos, Cardano and Tron losing the most on the day among the top 20 coins. Friday, Aug. 9 — Bitcoin (BTC), Ether (ETH) and XRP are slumping along with the rest of a largely red cryptocurrency market. Market visualization. Source: Coin360 Bitcoin is trading at$11,910 at press time, with […]

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