There have been many optimistic Bitcoin traders that have been expecting an imminent break into a bull market. Yet an analyst has said that it may be until the end of 2020 that the cryptocurrency markets enter a full-blown bull phase. Related Reading: Crypto Tidbits: Bitcoin At $9k, Grayscale Ethereum Trust, Cryptocurrency & PayPal Bitcoin…
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Bitcoin’s price action has been lackluster in recent times, and many attribute this to the cryptocurrency’s incredibly tight correlation to the stock market. It appears that the cryptocurrency’s price action is growing more correlated to that of gold than that of the benchmark equities indices. As such, where the precious metal trends next could offer…
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After a long period of trading within a firm range between $9,000 and $10,000, Bitcoin is finally beginning to show some signs of breaking down. This weakness has come about due to the cryptocurrency setting lower-highs over the past few weeks, while also not being able to post any strong reactions to its key support…
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Bitcoin has continued to extend its multi-month bout of sideways trading as it hovers within the lower-$9,000 region. It does appear to be growing increasingly weak in recent times, as it has frequently been testing the support established around $9,000, without being able to post any ardent surge from this price level. Where it trends…
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Bitcoin has acted weak over the past few days, falling as low as $8,950 as touching $9,800 on Monday. Yet there are technical signals suggesting that a bull trend is soon to appear. One signal that was last seen at the start of the March crypto rally is about to appear again. And that’s good…
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Bitcoin faces a critical second half of the year as its correlation with the S&P 500 index nears 43 percent. While both markets have rallied impressively from their March 2020 lows, they are far from confirming a V-shaped recovery due to resurgence in the COVID cases. Meanwhile, the Federal Reserve’s fiscal support measures are ending…
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Another week, another round of Crypto Tidbits. At one point this week, analysts thought Bitcoin was about to be thrust into a full-blown bull market. The cryptocurrency saw a strong rally at the start of the week that took ti as high as $9,800 on major exchanges. But in normal BTC fashion, the rally was shut…
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Another week, another round of Crypto Tidbits. At one point this week, analysts thought Bitcoin was about to be thrust into a full-blown bull market. The cryptocurrency saw a strong rally at the start of the week that took ti as high as $9,800 on major exchanges. But in normal BTC fashion, the rally was shut…
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Blockchain data transparency offers a figurative ocean of information at a click. New data shows that Ripple whales are buying up any XRP small fish sellers are offering up. In the past, XRP broke out from downtrends with an explosive move. With so many whales accumulating, will there soon be a “thar she blows” moment?…
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It’s been a quiet past few weeks for Bitcoin. After reaching $10,400 at the start of June, the cryptocurrency has seen a correction and now trades in the low-$9,000s. Although a bear trend has yet to form, many have stated that the rejection BTC faced at $10,400 was bearish. After all, $10,400-10,500 is the exact…
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