Bitcoin has been on a remarkable rally over the past few weeks. The asset has mounted past resistance level after resistance level, recently crossing $9,000. Market cynics have said that BTC’s recent inability to surmount the key $9,500 resistance is indicative of a top. Though analysts are starting to agree that there’s a growing converge…
DetailsBitcoin is once again in the process of peeking above the $9,000 level. The resistance that has been established at just above this price point has proven to be rather significant, as BTC has faced multiple harsh rejections at $9,200 and $9,500. Analysts are now noting that the cryptocurrency could be well positioned to see…
DetailsBitcoin is struggling to gain bullish momentum above $9,000 against the US Dollar. BTC must climb above $9,200 to set the stage for a rally towards $10,000 in the near term. Bitcoin is trading in a broad range below the key $9,200 resistance zone. The price is consolidating above $8,800 and the 100 hourly simple…
DetailsEthereum is showing positive signs above the $202 and $200 support levels against the US Dollar. ETH price is likely to accelerate higher towards the $220 and $225 levels in the near term. Ethereum is trading nicely above the $202 and $200 support levels The price is currently attempting an upside break above $207 and…
DetailsRipple is facing a couple of hurdles near $0.2220 against the US Dollar. XRP is likely to accelerate higher above $0.2220 unless the bulls lose control and the price drops below $0.2080. Ripple price is currently approaching the $0.2200 and $0.2220 resistance levels against the US dollar. It seems like a strong support base is…
DetailsUnlike traditional assets, where many transactions are hidden, Bitcoin is almost entirely transparent. One may not know who made a transaction or who owns an address, yet people can gain access to data of transactions. It is a nearly inescapable fact that many have used to their advantage. One can analyze the data in order to…
DetailsBitcoin topped at $9,300 for the first time in a week on “halving FOMO.” The cryptocurrency’s upside move surfaced as the S&P 500 index pointed towards new gains at the Wednesday’s open on Wall Street. The gains across the board came despite concerns about the long-term impact of coronavirus on the global economy. Bitcoin prices…
DetailsSince hitting $9,500 last week, Bitcoin has entered a consolidation pattern around $9,000. The cryptocurrency has traded between $8,700 and $9,200 for days, failing to decisively break out of this range. Some say this is indicative of a market top. Yet others believe Bitcoin is poised to rally even higher, citing technical signals. One analyst…
DetailsBitcoin’s long-awaited mining rewards halving is now only a mere six days away, and investors are on the edge of their seats as they wait to see what implications this may have on Bitcoin’s price from a short-term perspective. There is much debate as to whether or not it will actually have any short-term implications…
DetailsBitcoin‘s halving is finally here, and the bullish block reduction has the entire cryptocurrency space clamoring and speculating on if it will take the asset to a new all-time high. Three unique key fundamental factors have all reached an all-time high just ahead of the halving, suggesting that not only is a long-lasting Bitcoin upsurge…
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