Bitcoin is down more than 5% and it broke the $6,000 support against the US Dollar. BTC price is now showing bearish signs and it could continue to move down. Bitcoin started a fresh decline after it failed to clear the $6,500 resistance against the US Dollar. The price is now trading below the $6,200…
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Bitcoin surged by almost 11 percent minutes after the US central bank committed to unlimited purchasing of US Treasuries mortgage-backed securities to help its struggling economy amidst Coronavirus pandemic. “The Federal Reserve is committed to using its full range of tools to support households, businesses, and the US economy overall in this challenging time,” the…
DetailsThe beginning of 2020 was quite stressful for most cryptocurrency exchanges. On January 10, 2020, the 5th Anti Money Laundering (AML) Directive took effect. Some platforms announced their closure, while some threw all their strength into the struggle to meet the new requirements. This article will tell you how to win this battle. Foreword If…
DetailsDuring Bitcoin’s last bear market, after crypto investors were convinced a bottom was in, the asset later broke down to set a new low – a low that coincided with the previous cycle’s top. History often repeats itself, and with Bitcoin suddenly at prices, no one expected to see two years after a “bottom” was…
DetailsEthereum led the cryptocurrency market to enormous gains early in 2020 fresh on the heels of a booming DeFi industry, but concerns surrounding the coronavirus stopped the rally dead in its tracks. Since then, Ethereum has been falling, looking to establish a bottom and from there, a recovery. But before it does so, Elliott Wave…
DetailsIt has been a rough few weeks for Bitcoin and the aggregated cryptocurrency market, with the recent turbulence within the traditional markets creating a downwards tailwind that has been too strong for cryptocurrencies to resist. In spite of this mid-term bearishness, it is important to note that Bitcoin has been able to find some stability…
DetailsAnother week, another round of Crypto Tidbits. After last week’s brutal showing, Bitcoin mounted a strong recovery over the past few days, rallying as high as $7,100 yesterday, marking an 85% gain from the $3,800 capitulation bottom. Altcoins followed suit by trending higher, but slightly underperformed BTC as the market continues to centralize amid times…
DetailsEthereum started an upside correction above the $130 resistance against the US Dollar, similar to bitcoin. However, ETH price is facing a few key hurdles near $150 and the 100 SMA (H4). ETH price is currently trading nicely above the $120 and $125 support levels against the US Dollar. The price is likely to move…
DetailsBitcoin is currently correcting higher from the $4,320 support area against the US Dollar. BTC could rally further if the bulls are able to push the price above $6,800 and the 100 SMA (H4). Bitcoin price seems to be facing a strong resistance zone near the $6,800 and $7,000 levels. The 100 simple moving average…
DetailsBitcoin bulls were quite pleased on Saturday morning when Bloomberg’s Joe Weisenthal shared the “Automatic BOOST to Communities Act” published by Congresswoman Rashida Tlaib of Michigan. While all politicians in the U.S. have responded to the coronavirus outbreak by proposing stimulus, Tlaib’s took the cake for being extreme. The program she proposed, which included a…
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