Bitcoin’s recent selloff proved to be highly fleeting, as the cryptocurrency has now rallied up towards the upper-$7,000 region, leading it to once again confront the resistance around this price level that previously proved to be insurmountable. Importantly, analysts do seem to believe that bulls currently have an edge over bears, as the crypto’s recent…
DetailsFew cryptocurrency assets have had as strong a showing in early 2020 as Tezos. But just as most assets got caught up in last month’s record-breaking selloff, so did the previously skyrocketing altcoin. However, chart patterns across both USD and BTC pairs are showing signs that the asset is ready to take off once again,…
DetailsFollowing the lead of the stock market, Bitcoin, Ethereum, and the rest of the cryptocurrency market have been strongly rallying higher over the past few hours. In fact, ETH’s short-term chart has gone vertical, with the asset recently surmounting $150 for the first time since the relief recovery on March 19th. While the bullish action…
DetailsIn a jarring early-morning movement, Bitcoin blew past the resistance it was previously facing within the upper-$6,000 region, with this rally allowing bulls to significantly bolster their near-term technical situation. Analysts are now widely noting that the strength of this movement is likely to lead it significantly higher, with short positions getting punished. One prominent…
DetailsBitcoin saw a notable upswing overnight, which led Ethereum and most other major altcoins to rise in tandem. This rally has pushed ETH up to a key resistance level that its buyers are currently attempting to surmount. Analysts are now noting that the crypto could be positioned to see an explosive movement past this resistance,…
DetailsBitcoin prices jumped overnight to retest $7,000 but risked falling into a bull trap as no sound catalyst justified its pump. The benchmark cryptocurrency rose 9.67 percent in just four hours to $6,767 per token midnight Thursday. The move uphill injected about $7 billion into the bitcoin’s market cap, which topped near $121.97 billion ahead…
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Litecoin is known for often being among the first altcoins to begin to see growth or decline after a period of sideways trading. Following the recent crash that shocked the crypto market, Litecoin has started to move once again and may be leading the market toward a devastating crash back to prices not traded at…
DetailsFollowing Bitcoin’s bout of consolidation within the mid-$6,000 region, the benchmark cryptocurrency has seen a slight decline that has led it down towards the support that has been established around $6,000. This decline today has come about against a backdrop of bearishness in the equities market, with virtually all of the benchmark indices seeing some…
DetailsThe first quarter left bitcoin under stress as it gave up all its early yearly gains to the fast-spreading Coronavirus pandemic. As of March 31, 23:59 UTC, the cryptocurrency was down by 10.53 percent to $6,424.35 on Coinbase crypto exchange. While bitcoin did not behave like a safe-haven in times of extreme market stress, two…
DetailsAfter plunging towards $6,200 after the monthly candle close, Bitcoin has rallied hard, gaining 5% in the past two hours alone ahead of the daily close arriving in approximately 90 minutes. As of the time of writing this article, the cryptocurrency sits at $6,575, just a smidgen shy from $6,600. What are analysts thinking about…
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