Every few months, Tesla’s chief executive Elon Musk comments on Bitcoin, Ethereum, or another cryptocurrency. In May, he commented on Bitcoin to J.K. Rowling, the author of the Harry Potter series. Responding to the author’s assertions that she doesn’t understand the leading cryptocurrency, Musk wrote: “Pretty much, although massive currency issuance by government central banks…
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Bitcoin was rejected once again near the $9,300 resistance against the US Dollar. BTC is currently recovering, but it remains at a risk of more downsides below $9,000. Bitcoin topped near $9,302 and declined more than $300 in the past few hours. The price is now trading well below $9,200 and the 100 hourly simple…
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After pushing as high as $9,300, Bitcoin bulls faced yet another strong sell-off on Thursday. The cryptocurrency slid from that local high to a low of ~$8,930 in a number of hours in a move that liquidated dozens of millions. Despite this drop, there remain multiple valid analyses indicating that Bitcoin is about to press…
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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…
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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…
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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…
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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…
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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…
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