After days of consolidation after rallying 100% from the March bottom, Bitcoin tanked under $7,000 just minutes ago, reaching a local low of $6,920 as of the time of this article’s writing. With this downward move, the cryptocurrency is down 6% from Thursday’s peak and down nearly 8% from the highs at $7,470. Bitcoin’s drop…
DetailsRipple is showing a few bearish signs below the $0.1980 resistance against the US Dollar. XRP price could start a strong decline if it breaks the $0.1900 support area. Ripple price is still struggling to gain momentum above the $0.2000 resistance against the US dollar. The bears were able to push the price below the…
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In the wake of “Black Thursday,” it seemed clear to some that Bitcoin was dead: hundreds of millions of dollars worth of BitMEX positions were liquidated, the crypto’s market liquidity dried up (accentuated by the 50% drop in a day), and Crypto Twitter briefly became a ghost town. But, as I recently cataloged in a…
DetailsThe leading cryptocurrency exchange and trading platform OKEx is extending support for yet another token. According to the announcement, Creditcoin (CTC) is the latest addition to its already extensive list of cryptocurrencies, now available for spot trading against USDT and BTC starting at 09:00 (UTC) on April 10, 2020. With the inclusion of Creditcoin (CTC),…
DetailsSell-side pressure over the past two days has seen the price of Ethereum dip below key support at the $160 level. Currently, the second-largest cryptocurrency by market cap is priced at $159. But has fallen 8% from its recent high just two days ago. This move reversed an uptrend that peaked at $173 following the…
DetailsEthereum traders on the cryptocurrency margin trading platform Bitfinex appear to know something that the rest of the world doesn’t and have amassed a sizeable amount of margin long positions – covering nearly 2% of the entire altcoin’s circulating supply. But what are the underlying factors that may have traders so significantly bullish on the…
DetailsThe original ultra-scarce asset used for trade, as a currency, and a recession-proof store of wealth – gold – just had its strongest daily and weekly close since 2013. The precious metal rose sharply after an initial crash in 2008 when the recession first began but later went on a multi-year rally that ended when…
DetailsCrypto investors have been in this position time and time again. Bitcoin and the rest of the market has been rising, building up bullish momentum, and then what? Thus far, nearly every major rally has been nothing more than a bear market rally. Is this time different? Or will the crypto market suffer another massive…
DetailsIt has been another boring day for Bitcoin, with the benchmark cryptocurrency further extending its bout of sideways trading as its bulls and bears reach an impasse within the lower-$7,000 region. This lackluster price action comes close on the heels of Bitcoin’s recent surge up to highs of $7,500, with the resistance it met here…
DetailsCrypto analysts draw chart patterns, utilize technical analysis indicators, and much more to try and predict future price movements in assets like Bitcoin and altcoins. One specific technical analysis indicator that has called every Bitcoin top and bottom throughout the bear market with as much as 86% accuracy, has just signaled that a big drop…
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