Bitcoin investors have been growing impatient as the benchmark cryptocurrency continues hovering within the mid-$9,000 region. It has been consolidating here for many weeks, and each attempt to catalyze momentum – in either direction – has been futile. BTC has seen trends like this in years past, and they nearly always resolve in the crypto…
Details
Bitcoin has once again extended its long-held bout of sideways trading. The cryptocurrency has struggled to garner any notable momentum as it continues trading within the mid-$9,000 region. Its ability to capture a strong foothold within this price region after facing some signs of weakness earlier this week does appear to be a positive sign.…
Details
Ethereum has been flashing some signs of tempered weakness throughout the past several days and weeks, hovering just above the lower boundary of its long-held consolidation channel. The cryptocurrency’s present weakness is primarily rooted in that of Bitcoin, which has seen faltering momentum as it continues struggling to break above the key psychological resistance existing…
DetailsBitcoin has been the best performing asset in finance history, rising over a million percent from its early days to current prices. It may come as no surprise then that the first-ever cryptocurrency is currently leading a public poll where respondents believe it’ll also be the “best performing asset of 2020.” Is 2020 The Year…
Details
Bitcoin price has been trading within an increasingly tightening range, consolidating and coiling up ahead of the asset’s next explosive move. Analysts are mixed on the direction and have begun looking into past data to make sense of what’s to come. Past data shows that the leading cryptocurrency by market cap typically pumps out of…
Details
Speculation has been mounting around the upcoming protocol upgrade that Ethereum will go through. However, the price of the smart contracts giant seems to have leveled off as it continues consolidation within a $25 trading range for over the past few weeks. The ongoing stagnation phase is forcing the Bollinger bands to squeeze on ETH’s…
DetailsJobless claims in the United States performing worse than initial forecasts expected has caused the Dow and other stock indices to slide pre-market. With Bitcoin‘s uptrend hanging by a thread, how will the first-ever cryptocurrency respond to the negative news and falling equities market? Jobless Claims Worst Than Forecasted Sends Dow Plunging Pre-Market When the…
Details
As Bitcoin maintains its positive correlation with the S&P 500, a top analyst has predicted an all-time high for the U.S. benchmark. Research firm DataTrek published a note earlier this week that the S&P would rise by another 14 percent by the end of 2020. The prediction raised the possibilities of Bitcoin retesting its all-time…
Details
Ethereum is stable above the $230 and $225 support levels against the US Dollar. ETH price seems to be eyeing a major bullish break above $238 and $240. Ethereum is currently attempting an upside break above $234 and the 100 hourly simple moving average. The price is likely to remain well bid above the $230…
Details
The biggest question on the minds of Bitcoin investors is if the range the cryptocurrency has been stuck in will break to the upside or downside. For almost two months now, the leading cryptocurrency has traded within a tight $1,000-2,000 range below the crucial $10,500 resistance. The chart below illustrates this well: it shows that…
Details
