Bitcoin price has nearly doubled in price after the historic collapse that occurred in mid-March took the asset back to under $4,000 at the low. The first-ever cryptocurrency has reclaimed a critically important level that in the past has acted as a launchpad for a record-breaking, over 40% rally in under 48 hours. Is Bitcoin…
DetailsThe impact of the coronavirus will have a negative long-term effect on the economy, bringing forth a major recession and potentially with it, the collapse of the dollar. With the dollar potentially dying in the months and years ahead, a published author, investor, and entrepreneur is recommending that investors buy Bitcoin and gold in preparation…
DetailsBitcoin has been able to stabilize within the lower-$7,000 region in the time following its recent upswing, with its ability to flip this previous resistance region into support being a bullish near-term sign that suggests further upside may be imminent. Presently, it does appear that a bearish undercurrent is beginning to form, however, as the…
DetailsThe crypto market is on fire this week, with Bitcoin price exploding well above $7,000 and the rest of the market outperforming the leading crypto by market cap. However, even though prices are taking off across the market, according to the Fear and Greed Index, the market is still in extreme fear. One crypto analyst…
DetailsAfter the bullish price action that transpired on Monday, Bitcoin has been dealt a blow over the past few hours, tumbling from the daily high at $7,470 to a local low of $7,070 — slightly more than a 5% drop from the local high. This weakness comes as the stock market has stumbled for the…
DetailsThe recent market-wide uptrend that was sparked when Bitcoin broke above $7,000 yesterday has proven to be particularly beneficial for Ethereum, which has posted some massive gains as it continues outperforming BTC and most other major altcoins. In the near-term, it does appear that this momentum will extend significantly further, as one fundamental indicator shows…
DetailsBitcoin could move higher in the medium-term as one of its key technical indicators turns bullish for the first time since February. Dubbed as Golden Cross, the bullish breakout pattern forms when an asset’s short-term moving average closes above its long-term moving average. Bitcoin on Tuesday painted the same pattern on its four-hour timeframe graph,…
DetailsBitcoin is up close to 5% and it broke the $7,000 resistance area against the US Dollar. It seems like BTC bulls are now aiming a test of $8,000 or the 100-day simple moving average. Bitcoin is gaining traction and it recently surpassed the $7,000 barrier against the US Dollar. The price is up more…
DetailsRipple is up close to 10% and it broke the $0.2000 resistance against the US Dollar. However, XRP price struggled to gain strength above $0.2025 and it is currently correcting gains. Ripple price is showing a lot of positive signs and it rallied above the $0.1880 resistance against the US dollar. There was a sharp…
DetailsEthereum surged close to 20% and climbed above the $170 resistance against the US Dollar. However, ETH price is struggling to gain momentum above the 100-day simple moving average. Ethereum is up close to 20% and it broke the $155 and $165 resistance levels against the US Dollar. The price even tested the $175 resistance…
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