Bitcoin price is in recovery mode, after the first-ever cryptocurrency suffered a record-breaking collapse and fall to under $4,000, shocking the crypto community and the world at large. The selloff has led to extremely oversold conditions, according to the Relative Strength Index indicator. When combined with a Bitcoin valuation substantially below where the highly cited…
DetailsBitcoin is currently correcting higher from the $6,559 swing low against the US Dollar. BTC price is now testing the 100 hourly SMA and it is likely to struggle near $6,960-$7,000. Bitcoin is slowly recovering higher after trading as low as $6,559 against the US Dollar. The bulls were able to push the price above…
DetailsEthereum is currently correcting higher from the $148 monthly low against the US Dollar. ETH price is now facing a couple of key hurdles near the $158, $162 and $164 levels. Ethereum is slowly recovering higher after trading as low as $148. The price is trading above the $152 level, but the bulls are facing…
DetailsRipple is currently correcting higher from the $0.1810 support against the US Dollar. XRP price is now facing key barriers and it could reverse towards the $0.1650. Ripple price is up more than 2% and it is above the $0.1860 level against the US dollar. There are still many hurdles near the $0.1900 level and…
DetailsBitcoin price closed last night’s weekly candle as a shooting star doji, which could signal that a powerful reversal and epic plunge is coming when formed at the top of an uptrend. Is there more downside in Bitcoin’s near term future? Or was the recent drop to under $4,000 the final bottom before the next…
DetailsBitcoin’s latest rejection within the lower-$7,000 region led the cryptocurrency to break below its key support at $6,800, a level that bulls are currently in the process of reclaiming. This ongoing rebound comes as bulls attempt to regain a key technical level that was lost in the recent selloff, with a sustained movement above this…
DetailsBitcoin has recaptured the support it had previously established at $6,800, with its rebound from daily lows around $6,600 being a bullish sign that seems to unveil some underlying strength amongst the benchmark cryptocurrency’s bulls. One analyst is now noting that the large clusters of volume that have occurred in tandem with Bitcoin’s previous capitulatory…
DetailsAnticipation over the up and coming Bitcoin block reward halving continues to make headlines. But Bitcoin Cash, which forked from the original chain in the middle of 2017, already had its halving on Wednesday, April 9th. Since then, the fifth-largest cryptocurrency by market cap has experienced several setbacks, which has led to more heated discussion…
DetailsSince the lows that were in March, both Bitcoin and stocks across the world have mounted an objectively impressive comeback. The cryptocurrency managed to gain 100% from its $3,700 bottom last week, and stocks saw a rapid rally of 25% — with a portion of this rally being the most aggressive since 1974. Traders and…
DetailsGold prices continue to soar as expectations of the worst recession the world has ever seen grow by the day due to the last impact the coronavirus will have on the economy. However, UBS analysts are expecting a strong reversal in gold in the back half of 2020 as stimulus packages and policy changes from…
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