Bitcoin’s intense rally throughout the past couple of days has allowed it to fly past multiple crucial resistance levels. Bulls are now attempting to form the $11,000 price level into a strong base of support, but the selling pressure here appears to be ramping up. One positive technical development seen overnight was the potent reaction…
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Yesterday, Bitcoin broke above $10,000 with a $1,500 daily price candle and a push to above $11,400 at the high. During the rally, however, there was evidence of a whale manipulating the crypto market for maximum profit. Was this whale responsible for the Bitcoin pump, or were they simply well prepared in advance to take…
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Yesterday, Bitcoin broke up through resistance at $10,500 and in short order, rocketed another $1000 to a high of $11,419 on Coinbase Pro. Just as fast as the cryptocurrency itself climbed, the crypto market fear and greed index spiked to “extreme greed.” Greed has now reached the highest level in the crypto market in over…
DetailsOctober 19, 1987. Better known as Black Monday (now a Showtime original series), it was the worst market crash in US history since Black Tuesday on October 29, 1929, which triggered the Great Depression. On Black Monday, the Dow Jones Industrial Average fell 22.6%, while S&P 500 futures contracts plummeted 29%. With trading volumes sky-high…
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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…
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Bitcoin retreated by more than 2.5 percent in the early London trading session on profit-taking sentiment. The plunge almost mirrored a similar downside move in spot gold as the precious metal corrected lower shortly after coming at a striking distance of $2,000 an ounce. Analysts at JP Morgan & Chase warned about gold peaking out,…
DetailsSynthetix, the derivatives liquidity protocol for issuance and trading of synthetic assets now has its SNX token listed on OKEx – a leading global crypto spot and derivatives exchange. SNX token deposits as well as spot trading against BTC and USDT went live on July 24, 2020, followed by the activation of token withdrawals on…
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Ethereum started a downside correction from the $335 swing high against the US Dollar. ETH price is currently approaching a major support zone near $305 and the 100 hourly SMA. Ethereum is losing bullish momentum and it is now trading below $320. The price is likely to find a strong buying interest near $305 or…
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What a day it’s been for the Bitcoin, Ethereum, and crypto markets. After days of consolidation, the leading cryptocurrency surged higher from its sub-$10,000 slumber over the past 48 hours. The asset now trades for $11,000, up around 10% in the past 24 hours alone. Unfortunately, with such market volatility, there have been some mishaps.…
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What a day it’s been for the Bitcoin market. After holding under $9,000 for multiple days and weeks, the asset saw an extremely explosive breakout that saw it reach a local high of $10,450 literally just minutes ago. With this latest leg higher, BTC is up 13% in the past 24 hours — outpacing a…
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