The Bitcoin halving has now passed, and crypto investors everywhere are gearing up for the next bull market. According to a chartered market technician, a new uptrend forming isn’t just speculation and hype. The analyst claims while it may not happen “overnight” another leg up and a “strong uptrend period” will soon occur in Bitcoin.…
DetailsBitcoin has seen some immense volatility throughout the past several days and weeks, with its multiple bids to break through the $10,000 region all proving to be unsuccessful as it continues hovering within the $9,000 region. The price action seen in the time following Bitcoin’s initial break above $10,000 a few weeks ago can largely…
DetailsBitcoin has been consolidating in the time following its latest rejection at $10,000. This comes as the crypto’s mid-term market structure shows immense signs of strength, although in the short-term it does appear to be in a precarious position. In spite of this, analysts are now widely flipping long on Bitcoin, citing a price divergence…
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It’s been a day of celebrities mentioning Bitcoin. After J.K. Rowling — the billionaire author of the “Harry Potter” book series asked Crypto Twitter to explain to her what Bitcoin is — Elon Musk joined in on the fun, publicly commenting on the leading cryptocurrency for the fourth time in a matter of months. Elon…
DetailsBitcoin saw a sharp decline today that led it down to lows of $9,200 before it rebounded back into the mid-$9,000 region. This price action made the cryptocurrency vulnerable to seeing further downside in the days and hours ahead. It is important to note that buyer aggressively confronted this dip with buying pressure, confirming that…
DetailsEthereum has seen a slight climb higher that has allowed it to surmount the $200 region. This momentum has been primarily rooted in that seen by Bitcoin, which tapped $10,000 overnight before seeing a slight decline that led it to $9,600. Although ETH has underperformed Bitcoin today, it is important to note that its climb…
DetailsBitcoin is back on the headlines after the outrageous price action it has experienced before and after the halving took place. The flagship cryptocurrency rose to a high of $10,100 on May 7 to then take a 22% nosedive over the weekend. Now, BTC is back up, recovering most of the losses recently incurred. Regardless…
DetailsBitcoin is firmly caught within the throes of an immense uptrend. This was clearly seen yesterday when the cryptocurrency rallied up to highs of $10,000 before facing a slight rejection that led it lower. This was a massive $1,000 movement that marked a significant extension of the momentum that was first incurred when the crypto…
DetailsBoth the crypto market and the stock market have recovered strongly since the March lows, but capital markets remain tight. So tight that to save individuals and corporations across weight classes, so to say, the Federal Reserve has stepped in with trillions of dollars worth of stimulus. It’s a trend that analysts say is beneficial…
DetailsThe aggregated crypto market hasn’t been able to capture the full momentum that Bitcoin has experienced in recent times. The flood of funding to Bitcoin suggests that investors are keen on being exposed to the potential upside offered by its growing status as a “hard asset.” The benchmark cryptocurrency’s overt strength comes as it is…
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