Bitcoin risks a $2,000 price correction as bulls continuously fail to penetrate $10,000-levels. The downside sentiment takes cues from a popular technical indicator, dubbed as Triple Top. The reversal pattern shows that bitcoin is no longer rallying – and is struggling to find buyers near the $10K area. Almost all the leading Bitcoin technical indicators…
DetailsBitcoin may be down 50% from its all-time highs, but Ethereum has posted an even more harrowing performance. From the asset’s 2018 highs, set at the peak of the previous crypto-mania, ETH has fallen by over 85%, trading at $215 today after reaching $1,430. Some have said that Ethereum’s inability to recover is a death…
DetailsBitcoin and the S&P 500 may have strongly recovered from their March lows, but it’s been a dismal quarter for the world’s economies. Unemployment has skyrocketed, consumer confidence is crashing, and against the U.S. dollar, foreign currencies are falling off a cliff. The latter issue is especially pertinent in Turkey, where the Turkish lira is…
DetailsBitcoin is currently correcting lower from the $9,950-$10,000 resistance zone against the US Dollar. BTC price is likely to bounce back as long as it is above the $9,500 support. Bitcoin is currently showing a few bearish signs, but it is still above key supports such as $9,500. The price is finding a strong buying…
DetailsJust two months ago, Bitcoin was trading at $3,700. Amid a liquidation event in traditional finance and growing fears of a recession and a pandemic, global markets were tanking, crypto included. But just eight weeks and a block reward halving later, BTC just recently traded at $10,000 — just over 170% higher than the March…
DetailsBitcoin’s overnight swing to highs of over $9,900 has led the cryptocurrency to enter a firm bout of sideways trading that has persisted throughout the past day. The cryptocurrency’s market structure has been bolstered by its ability to find some stability in the mid-$9,000 region despite the multiple rejections it has faced at $10,000. Analysts…
DetailsFor the first time since its creation, Bitcoin is now trading within an immense period of global economic instability. The Coronavirus pandemic has caused governments and central banks across the globe to take extreme actions in order to curb the damage done by a virtually frozen global economy. The over $8 trillion globally that has…
DetailsWhile Bitcoin investors, traders, and enthusiasts are watching and waiting for the cryptocurrency to set a new all-time high, gold, the physical asset that it shares the most similarities with may beat it to the punch. Here are the top three reasons why gold (XAUUSD) is poised to set a new all-time high, and how…
DetailsBitcoin has seen some notable volatility in recent times. Buyers and sellers have largely reached an impasse as they struggle to provide the benchmark cryptocurrency with any decisive momentum in either direction. Overnight, BTC did face another rejection at $10,000, although the subsequent decline has so far been tempered. Despite finding enough support to spark…
Details
The global digital assets trading and exchange platform, OKEx has reintroduced the OKEx Elite Trading Team Contest. Started on May 15, 2020, the second edition of the contest will go on till 10 AM UTC on June 12, 2020. #OKExElite: TRADING CONTEST returns to OKEx A month of exciting #crypto trading contest on ALL OKEx…
Details
