Bitcoin has been consolidating in the time following its latest rejection at $10,000. This comes as the crypto’s mid-term market structure shows immense signs of strength, although in the short-term it does appear to be in a precarious position. In spite of this, analysts are now widely flipping long on Bitcoin, citing a price divergence…
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It’s been a day of celebrities mentioning Bitcoin. After J.K. Rowling — the billionaire author of the “Harry Potter” book series asked Crypto Twitter to explain to her what Bitcoin is — Elon Musk joined in on the fun, publicly commenting on the leading cryptocurrency for the fourth time in a matter of months. Elon…
DetailsBitcoin saw a sharp decline today that led it down to lows of $9,200 before it rebounded back into the mid-$9,000 region. This price action made the cryptocurrency vulnerable to seeing further downside in the days and hours ahead. It is important to note that buyer aggressively confronted this dip with buying pressure, confirming that…
DetailsEthereum has seen a slight climb higher that has allowed it to surmount the $200 region. This momentum has been primarily rooted in that seen by Bitcoin, which tapped $10,000 overnight before seeing a slight decline that led it to $9,600. Although ETH has underperformed Bitcoin today, it is important to note that its climb…
DetailsBitcoin is back on the headlines after the outrageous price action it has experienced before and after the halving took place. The flagship cryptocurrency rose to a high of $10,100 on May 7 to then take a 22% nosedive over the weekend. Now, BTC is back up, recovering most of the losses recently incurred. Regardless…
DetailsBitcoin is firmly caught within the throes of an immense uptrend. This was clearly seen yesterday when the cryptocurrency rallied up to highs of $10,000 before facing a slight rejection that led it lower. This was a massive $1,000 movement that marked a significant extension of the momentum that was first incurred when the crypto…
DetailsBoth the crypto market and the stock market have recovered strongly since the March lows, but capital markets remain tight. So tight that to save individuals and corporations across weight classes, so to say, the Federal Reserve has stepped in with trillions of dollars worth of stimulus. It’s a trend that analysts say is beneficial…
DetailsThe aggregated crypto market hasn’t been able to capture the full momentum that Bitcoin has experienced in recent times. The flood of funding to Bitcoin suggests that investors are keen on being exposed to the potential upside offered by its growing status as a “hard asset.” The benchmark cryptocurrency’s overt strength comes as it is…
DetailsGood things don’t last forever it seems. After rallying 20% from the lows to tap $10,000, Bitcoin plunged $500 within the span of 20 minutes this hour, falling from ~$9,750 to $9,200 in that short period of time. It was an 8% reversal from the ~$10,000 highs of the Thursday trading session. Bitcoin price chart…
DetailsBitcoin traded as high as $9,950 and recently started a downside correction against the US Dollar. BTC price is likely to remains well supported above $9,000 and it could continue higher. Bitcoin is currently correcting lower from the $9,950 and $10,000 resistance levels. The price is still trading well above the $9,200 support and the…
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