Ethereum declined heavily after multiple rejections near $250 against the US Dollar. ETH price is now recovering, but it must settle above $240 to start a fresh increase. ETH price is currently correcting higher from the $225 swing low against the US Dollar. It is now trading above the $230 level and the 100 simple…
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Bitcoin started a major decline after it was rejected near the $10,000 resistance against the US Dollar. BTC is currently recovering, but it is likely to face sellers near the 100 SMA (H4). Bitcoin traded as low as $9,084 and it is currently correcting higher. The price is likely to face sellers near the $9,600…
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Earlier this week, Bitcoin sustained a heavy drop. The cryptocurrency, just 24 hours after attempting a $10,000 break, plunged nearly $1,000 in the span of 12 hours. The move brought the cryptocurrency from around $10,030 to $9,050. Analysts are divided over what technical damage the drop caused. Some say that it is to be expected,…
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Bitcoin has failed multiple attempts at breaking past $10,500 over recent weeks, yet analysts say that the cryptocurrency is still on track to erupt into a new bull run in the coming months. Related Reading: Over a Dozen Top Crypto Assets Are Up Over 10% Today: Here’s Why Bitcoin Charts Signal a Start to Another…
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Bitcoin has been caught within an unrelenting consolidation phase for the past several weeks. The immense turbulence seen within the equities market did put this bout of sideways trading in jeopardy, but the crypto has since stabilized back within the mid-$9,000 region. There are several factors, however, that seem to indicate that this long-held trading…
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Bitcoin could be at risk of seeing major downside in the near-term as it continues ranging sideways. Its recent price action has made it abundantly clear that the cryptocurrency’s buyers are fundamentally weak at the moment. Despite being able to support BTC within the $9,000 region, it still appears to be well-poised to see further…
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Bitcoin price has been consolidating in the mid to high $9,000 range for nearly a month and a half. Repeated attempts to break and hold above $10,000 have been rejected thus far. The most recent rejection, data shows, was largely fueled by miners who were seen moving BTC supply to exchanges just ahead of the…
DetailsDecentralized finance has been branded as one of Ethereum’s — and crypto’s — killer use cases over recent months. But from a dollar perspective, this market segment has not seen as much market penetration as its proponents would believe is “fair.” Yet while DeFi continues to gain steam as other blockchains seemingly stall, Ethereum and…
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After rallying as high as ~$10,100 on leading exchanges this week, Bitcoin plunged off a proverbial cliff. Within 12 hours after hitting the highs, the cryptocurrency dipped by almost $1,000, crushed as long orders cascaded BTC lower. While this was a bearish rejection at a crucial level, analysts are still bullish. They cite a confluence…
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Another week, another round of Crypto Tidbits. It’s been yet another volatile week for the Bitcoin market, just like the last. This week, the leading cryptocurrency made an attempt at breaking the crucial $10,000 resistance yet again, rallying as high as $10,050 on some exchanges and $10,160 on BitMEX. Many were quick to think that…
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