Bitcoin expects to extend its recovery rally towards $9,800 as the U.S. futures grows further. Both Bitcoin and the U.S. stocks have fallen and risen in tandem since the beginning of this week. Expectations of a strong retail sales report could push equities higher, assisting Bitcoin in logging similar upside moves towards $9,800. Bitcoin rallied…
DetailsIn the recent announcement, the Credits company has informed the crypto community about entering the European market. Due to the rapid expansion of partnership agreements and refinement of many tech products, the blockchain platform has received a license for the exchange of cryptocurrencies, crypto-wallet, and peer-to-peer services. The main legislative innovation for some countries is…
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Ethereum found support near $218 and started a sharp recovery wave against the US Dollar. ETH price is now facing hurdles near the $234 level and the 100 hourly SMA. Ethereum is up around 4% and it recovered nicely above $225 and $230. The price is currently struggling to gain pace above $234 and the…
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Bitcoin is at an impasse: over the past six to seven weeks, the cryptocurrency has been caught in a relatively tight holding pattern that has seen it range between ~$8,500 and ~$10,000. Every attempt at deviating from this range has resulted in a rejection, with bears and bulls failing to establish a directional trend as…
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Bitcoin bounced back after crashing below $9,000 a day before. The cryptocurrency’s recovery run took its price above $9,500, a crucial resistance level. Meanwhile, traders called the rebound a “re-accumulation” move before bitcoin breaks above $10,500. Bitcoin bounced back on Tuesday after the Federal Reserve announced its plans to purchase corporate bonds to boost the…
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Ripple started a strong increase from the $0.1820 support zone against the US Dollar. XRP price seems to have formed a double bottom pattern and it could rise further towards $0.2000. Ripple is up more than 4% and it is now trading above $0.1900 against the US dollar. A double bottom pattern is likely forming…
DetailsAlthough cryptocurrencies and blockchain technology have been gaining increasing popularity in 2020, there are still many restrictions when it comes to being discovered as a cryptocurrency business. Outreach is always complicated in nascent industries and even more so in crypto where traditional ad networks and other tools have banned the topics altogether, a trend that…
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Bitcoin recovered sharply after trading to a new monthly low at $8,910 against the US Dollar. BTC is now trading above the 100 hourly SMA, but it is facing a major resistance at $9,500. Bitcoin is up more than 4% and recovered most losses to trade above $9,400. The price is now facing a major…
DetailsThe past few weeks have seen Bitcoin stall in the $9,000s as bulls have failed to maintain the pressure they applied starting after March’s crash. With the indecision in the cryptocurrency market and global markets more broadly, investors have been deliberating purchasing BTC in the $9,000s or waiting for a retracement to “buy the dip.”…
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Bitcoin has witnessed some intense volatility today that sent it reeling down to the sub-$9,000 region. The buying pressure at this level was significant and helped boost it back into its previous consolidation range in the mid-$9,000 region. One interesting trend that came about concurrently with this decline was a massive inflow of Bitcoin into…
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