It’s been a volatile past few weeks for Bitcoin. Last week, the cryptocurrency traded within a $2,000 range, rallying as high as $10,400 before plunging to $8,600 in a massive liquidation event that wiped out over $100 million worth of positions. On a smaller scale, Bitcoin has seen rapid $100-300 swings multiple times a day…
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Bitcoin failed at yet another attempt to break bullish above $10,000 on Wednesday. The cryptocurrency’s sharp pullback from the crucial resistance level has raised its possibilities of falling towards $8,800. One prominent analyst sees the breakdown as an opportunity to launch a bull run above $10,000. Bitcoin could be at risk of crashing towards $8,800…
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Bitcoin cash price is showing positive signs and it is trading above the $250 support. BCH is likely to continue higher and it might break the $265 and $270 resistance levels. Bitcoin cash price is trading in a positive zone above the $250 support against the US Dollar. The price broke a crucial hurdle at…
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Bitcoin is gaining bullish momentum and it broke the $9,800 resistance zone against the US Dollar. BTC price is likely to continue higher if it settles above the $10,000 resistance zone. Bitcoin is slowly moving higher and it is trading above the $9,800 and $9,720 support levels. A successful daily close above the $10,000 level…
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Bitcoin has seen some relatively lackluster price action in the time following the turbulence seen last Monday Its ongoing bout of consolidation has made it increasingly unclear as to which direction it may trend in the days and weeks ahead. There are a few overt factors that suggest the cryptocurrency is positioned to see some…
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Bitcoin’s long-held consolidation phase within the mid-$9,000 region may soon come to an end, as analysts are now noting that the resistance at $10,000 is beginning to evaporate. This isn’t to say that the cryptocurrency is overtly bullish at the moment, as there still exists a multitude of different factors that could hamper the growth…
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Although most investors are keeping a close eye on Bitcoin, some crypto assets have been seeing extremely strong performances as of late. In the past day alone, more than a dozen altcoins in the top 100 cryptocurrencies are up more than 10%. This is a performance that strongly outpaces Bitcoin’s 1% gain and Ethereum’s 1.2%…
DetailsBitcoin bore witness to some intense volatility today that came about after the cryptocurrency’s price rocketed past $10,000 before facing yet another harsh rejection that led it back into the $9,000 region. This price action has once again resulted in BTC falling into the same consolidation channel that it was previously caught within, and its…
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The beginning of the month was quite chaotic for Bitcoin and those trading it. On June 1, the flagship cryptocurrency was able to slice through the $10,000 resistance level for the first time since mid-February. But a few hours later, BTC plummeted by more than $1,000 in less than five minutes. The wild price action…
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A shockingly similar fractal from the S&P 500 during the 2008 recession Bitcoin was born from is playing out across the cryptocurrency’s price chart. If the first-ever crypto asset continues to follow the same path as the SPX did back then, Bitcoin will set a new all-time high record before the end of 2020. S&P…
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