Bitcoin is down more than 5% from the $7,470 swing high against the US Dollar. BTC is now trading near a crucial support at $6,700 and the 100 SMA (H4). Bitcoin started a fresh decline from the $7,470 monthly high and traded below $7,000. There is a crucial support forming above $6,700 and the 100…
DetailsEthereum is down more than 10% from the $175 monthly high against the US Dollar and bitcoin. ETH price is still in a larger uptrend as long as it is above the $145 support. ETH price started a fresh decline after it failed to surpass $175 and $180 against the US Dollar. There was a…
DetailsOver the past few days, the prices of crypto assets have slid lower after Bitcoin ended a strong multi-week rally at $7,470, since falling to $6,800 as of the time of this article’s writing. Bears, unfortunately, are expected to push this nascent market lower as a “strong sell signal” was just observed. Related Reading: Crypto…
DetailsEthereum has entered another bout of sideways trading in the time following its recent rejection at $175, with ETH now establishing some significant support around the mid-$150 region, which is where it has been trading at for the past couple of days. In the near-term, it does appear that Ethereum is currently trading just a…
DetailsFollowing a brief selloff experienced yesterday, Chainlink has been able to post a strong recovery, with its ongoing rebound coming about in tandem with a bout of consolidation seen by Bitcoin and most other major cryptos. This ongoing uptrend has come about despite the crypto flashing some signs of weakness on its high time frame…
DetailsFollowing a firm rejection within the lower-$7,000 region, Bitcoin has been able to hold above a dire trading range that it was previously caught within, with the benchmark crypto’s ability to stabilize above this level being a bullish near-term sign. The close above this range also comes as the crypto holds above a key technical…
DetailsFollowing Black Thursday, Bitcoin was on a tear, gaining 50% since that fateful day. BTC was trading at $7.3k, but a rejection at the 50-day moving average, coupled with falling volume, indicated a trend reversal. Bitcoin daily chart with 50-day & 200-day MA and volume. (Source: tradingview.com) Not only that, but the failure to break…
DetailsWith Bitcoin’s halving arriving next month on May 11, 2020, the expectation across the world of crypto has long been that the valuation of the first-ever cryptocurrency would skyrocket, but last month’s catastrophic selloff has some questioning the theory. However, according to historical data, Bitcoin price is currently on pace with where the crypto asset…
DetailsAfter March’s 50% crash, there are many reasons to be bearish on Bitcoin. As seen by the recent decrease in the crypto market’s liquidity and some traders publicly throwing in the towel, the crash forced many to abandon the space. But, according to a prominent macro investor, a trend is transpiring that “could not be…
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For the longest time, Bitcoin has been deemed useless by mainstream economists, investors, and others. LendingTree Chief Economist Tendayi Kapfidze told Yahoo Finance in an interview that he thinks Bitcoin is a “pyramid scheme,” citing his sentiment that you can “only make money [with BTC] based on people who enter after you.” But, a recent…
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