Bitcoin price is consolidating in a range below the $11,500 resistance against the US Dollar. BTC could start a substantial decline if it breaks the $11,230 support zone. Bitcoin is struggling to gain traction above the $11,500 and $11,520 resistance levels. The price is currently trading below $10,400 support and the 100 hourly simple moving…
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The Bitcoin market cap is hovering at roughly $211 billion currently, but four years earlier, it was a meager $6.8 billion. This figure matches the BTC supply public companies now hold alone, and it could provide the “writing on the wall” regarding what to expect in terms of the asset’s future growth. Bitcoin Matures Into…
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Chainlink’s price action has been rather lackluster as of late, with Bitcoin’s indecisiveness not providing altcoins with much momentum. LINK has been caught within a bout of sideways trading throughout the past few days, with buyers and sellers largely reaching an impasse as the crypto ranges between $10.50 and $12.00. Until one of these levels…
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Bitcoin has seen a strong rally over the past few days after weeks of consolidation. The leading cryptocurrency has gained around $1,000 from last week’s lows near $10,400. This rally has allowed the technical case for further upside to continue to build. One crypto-asset analyst recently noted that Bitcoin is about to form a pivotal…
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Unlike Bitcoin that has yet to set a higher high in 2020 over the previous year’s peak, Ethereum’s higher high is a very important sign that a new uptrend is brewing in the crypto market. In fact, a crypto analyst has superimposed the well-known “psychology of a market cycle” chart over ETHUSD price action from…
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Volatility is finally increasing after a return to historical lows, but volume has yet to follow. When it does, however, one crypto trader says to “watch out” for the “bulldozer” that will be Bitcoin after a breakout supported by volume expansion. Here’s a look at the last time volume contracted this much, and what to…
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Yearn.finance’s governance token (YFI) has been caught within a bout of extreme turbulence. A fragmented community, growing animosity towards the protocol’s founder, as well as a general downturn in the DeFi space have all struck serious blows to its outlook. The cryptocurrency has now erased the bulk of the parabolic gains seen throughout its recent…
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Bitcoin’s volatility has been diving as of late, with the benchmark cryptocurrency seeing multiple prolonged bouts of sideways trading. Last week, BTC did see some turbulence that caused its price to rally from lows of $10,400 up to highs of $11,700. This move occurred over multiple days and has since resulted in it seeing yet…
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Bitcoin price is experiencing a surge of intraday volatility, rocketing $150 in minutes then collapsing more than $250 just moments later. Here’s what is going on in the top-ranked cryptocurrency and what to watch for as price action to develops. Triangle False Breakout Rejects Bulls Back Below Resistance At $11,500 Bitcoin’s notorious volatility is back…
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Just a day before Bitcoin breached $11,500, a psychological resistance level, the cryptocurrency painted one of the strongest bullish signals of its eleven-year history as a financial asset. On October 11, BTC/USD formed a leading ‘Golden Cross‘ on its daily chart. The pattern emerges when the pair’s short-term moving average jumps above its long-term moving…
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