Bitcoin is currently correcting lower from the $9,950-$10,000 resistance zone against the US Dollar. BTC price is likely to bounce back as long as it is above the $9,500 support. Bitcoin is currently showing a few bearish signs, but it is still above key supports such as $9,500. The price is finding a strong buying…
DetailsJust two months ago, Bitcoin was trading at $3,700. Amid a liquidation event in traditional finance and growing fears of a recession and a pandemic, global markets were tanking, crypto included. But just eight weeks and a block reward halving later, BTC just recently traded at $10,000 — just over 170% higher than the March…
DetailsBitcoin’s overnight swing to highs of over $9,900 has led the cryptocurrency to enter a firm bout of sideways trading that has persisted throughout the past day. The cryptocurrency’s market structure has been bolstered by its ability to find some stability in the mid-$9,000 region despite the multiple rejections it has faced at $10,000. Analysts…
DetailsFor the first time since its creation, Bitcoin is now trading within an immense period of global economic instability. The Coronavirus pandemic has caused governments and central banks across the globe to take extreme actions in order to curb the damage done by a virtually frozen global economy. The over $8 trillion globally that has…
DetailsWhile Bitcoin investors, traders, and enthusiasts are watching and waiting for the cryptocurrency to set a new all-time high, gold, the physical asset that it shares the most similarities with may beat it to the punch. Here are the top three reasons why gold (XAUUSD) is poised to set a new all-time high, and how…
DetailsBitcoin has seen some notable volatility in recent times. Buyers and sellers have largely reached an impasse as they struggle to provide the benchmark cryptocurrency with any decisive momentum in either direction. Overnight, BTC did face another rejection at $10,000, although the subsequent decline has so far been tempered. Despite finding enough support to spark…
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The global digital assets trading and exchange platform, OKEx has reintroduced the OKEx Elite Trading Team Contest. Started on May 15, 2020, the second edition of the contest will go on till 10 AM UTC on June 12, 2020. #OKExElite: TRADING CONTEST returns to OKEx A month of exciting #crypto trading contest on ALL OKEx…
DetailsMark Cuban is a self-made billionaire, owner of the Dallas Mavericks, investor, and one of the mainstays on the popular TV show Shark Tank. Although Cuban hasn’t always been the biggest supporter of crypto, the man definitely knows money and investments. Cuban has pitched an interesting “trickle up” take on stimulus spending in lieu of…
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Bitcoin price has made several attempts to break above $10,000 and revisit highs from last June. The crypto asset certainly has the momentum, however, if the rally stops and reverses at roughly $11,350, a bearish shark harmonic pattern will complete. The bearish harmonic pattern could send Bitcoin price tumbling back to retest former lows before…
DetailsCardano has been in the spotlight of the cryptocurrency market following the recent developments around its Shelley incentivized testnet. Last week, for instance, the team behind IOHK gathered a small group of operators to provide insights on how the Shelley mainnet would look like. Charles Hoskinson, the CEO of IOHK, said that from a “QA…
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