Bitcoin’s consolidation seen throughout the past few days may simply be the calm before the storm, as one technical indicator is now suggesting that the benchmark cryptocurrency may soon see a movement of a similar magnitude to that seen when BTC plummeted from $8,000 to $3,800. Although it still remains unclear as to whether or…
DetailsOver the past ten minutes, Bitcoin has performed extremely poorly, falling from $6,700 to a price as low as $6,265 in an over 6% sell-off, per data from TradingView. As a result, at least $20 million worth of long positions on BitMEX were liquidated, while millions more probably bit the dust on other exchanges. This…
DetailsThe recent price action in Bitcoin has been particularly devastating to miners who had to turn off their expensive to operate machines after the price of the cryptocurrency fell below the cost of production. However, the rapid capitulation of the weakest miners in the market has in the past always led to sustained, steady, long-term…
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After multiple failed attempts to break above the heavy resistance that Bitcoin has faces around $6,900, the benchmark cryptocurrency has once again fallen into a bout of sideways trading around $6,600. This consolidation phase is also occurring against a backdrop of bullishness within the traditional markets, with BTC being fully exposed to the downside of…
DetailsFor more than the last 100 years, the US dollar has reigned supreme over the rest of the world as the global reserve currency. But with the economy in shambles, and hyperinflation inbound for the US dollar, will Bitcoin unseat the dollar as the global reserve currency that rules for the next one hundred years?…
DetailsEthereum, much like Bitcoin and all other major cryptocurrencies, is currently caught within a bout of range-bound trading that has led it to hover within the mid-$130 region. This lackluster price action may not last long, however, as analysts are now widely noting that the crypto may soon “dive hard” during the next major Bitcoin…
DetailsDespite the brutal crash seen earlier this month, Bitcoin has performed extremely well over the past few days, rallying from the $5,000s to a price as high as $7,000 just the other day. The bullish momentum has petered out over the past few days, with BTC stalling in the mid-$6,000s, but a simple technical factor…
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Bitcoin’s prolonged bout of sideways trading seen throughout the past couple of days may soon be coming to an end, as analysts are now noting that several technical factors point to the possibility that an explosive movement is imminent. This also comes alongside a mass exodus of Bitcoin from exchanges, according to new data, which…
DetailsEthereum is still facing a strong resistance near the $142 and $144 levels against the US Dollar. A successful close above $144 could start a strong increase in ETH price in the near term. Ethereum is struggling to gain bullish momentum above the $142 zone against the US Dollar. The price is currently trading nicely…
DetailsRipple is up around 10% and it broke the key $0.1650 resistance zone against the US Dollar. XRP price remains in a nice uptrend and it could continue to rise towards $0.2000. Ripple price started a strong rise above the $0.1640 and $0.1650 resistance levels against the US dollar. The bulls were able to push…
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