If you’ve followed Bitcoin analysts over recent weeks, you likely know of the importance of $9,500 to the cryptocurrency. As the chart below indicates, $9,500 has been a crucial price point for Bitcoin over the past two months. A rally in late-April topped almost exactly at $9,500 while that level has also acted as a…
Details
Bitcoin has been closely tracking the traditional markets in recent months, which is part of the reason why it has been caught within such a persistent trading range since the start of May. The equities market has been stable as of late, with its ongoing consolidation coming close on the heels of a historic rebound…
Details
Ethereum has been struggling to recapture its long-held position within its trading range between $230 and $250. The token has traded below the lower boundary of this range for the past several days, but bulls are now trying to surmount it. It does appear that $230 has become a resistance level for the cryptocurrency, as…
Details
Bitcoin has been caught within a tight trading range between $9,000 and $10,000 for two months now. This trading range is still showing few signs of degrading as buyers continue guarding against a dip below its lower boundary. That being said, history does show that multi-month bouts of consolidation – like the one BTC is…
Details
Despite seeing a swift rebound, Bitcoin bears were able to push the cryptocurrency below its crucial $9,000 support just minutes ago. This breakdown has come about following a recent rejection posted by the crypto at $9,300, which appears to have become a resistance level. The latest decline below $9,000 indicates that the buying pressure that…
DetailsAT&T’s slogan is “More For Your Thing, That’s Our Thing.” Unless your thing is crypto, as yet another investor has learned the hard way. Which in that case, they ended up with $1.8 million less of their thing. The company is still being sued by Michael Terpin over $24 million in stolen crypto due to…
DetailsMarkets started out on a positive trend last week, before succumbing to fears of a second spread of coronavirus. With countries such as the US displaying some frightful numbers, there are very real worries globally that mismanagement of the crisis means there will be further lockdowns and thus damage to economies. A raft of positive…
Details
Decentralized finance has become the talk of the cryptocurrency market in 2020. The most recent buzz phrase surrounded in hype is “yield-farming,” and at the center of it, a DeFi token called Compound (COMP). But what exactly is Compound and yield-farming, and if it’s such a hot topic, then why is one options trader so…
Details
Peter Schiff, the CEO of Euro Pacific Capital, says “HODLers” of Bitcoin “remain delusional” because gold outperformed Bitcoin since 2019. But, BTC actually outperformed the precious metal so far in 2020. Schiff said: “Since hitting its high in June of last year the price of Bitcoin has fallen by 33%. During that same time period…
Details
Bitcoin price has now traded sideways for nearly two full months. The price action has crypto traders bored, and volatility reaching record lows. Analysts everywhere are expecting a major move soon, if not any day now. However, data comparison between the current trading range and the range prior to the previous bull market, says otherwise.…
Details
