A reoccurring theme in many Bitcoin analyses over the past few weeks has been mentions of a “rising wedge.” For those unaware, a rising wedge is a common chart pattern marked by a strong uptrend. Although this uptrend may seem bullish from a top-down perspective, rising wedges are textbook reversal patterns. Per Investopedia, this form…
DetailsBitcoin bulls have not let up the pressure since breaking $7,800 just 12 hours ago. As of the time of this article’s writing, the cryptocurrency just broke past $9,000 for the first time in seven weeks. With this, BTC is up 15% in the past day. The $9,000 price point has only been printed on…
DetailsBitcoin and the rest of the cryptocurrency space is currently a sea of green after today’s rally added over $20 billion in market cap to the total cryptocurrency market. In less than 24 hours, the total market cap across all cryptocurrencies combined, grew by over 10% thanks to a massive surge from Bitcoin and continued…
DetailsRipple blockchain’s native cryptocurrency XRP hit its seven-week high during Wednesday trade. The gains came as a part of a broader cryptocurrency market uptrend that saw every high-cap token painting fresh local highs. But XRP’s interim uptrend could run out of breath as price tests a strong technical resistance. XRP, the cryptocurrency that finds use…
DetailsEthereum, like most other major altcoins, has seen some intense upwards momentum today that has allowed the cryptocurrency to significantly extend its recent uptrend as it begins showing signs of going parabolic again. This latest move has allowed the crypto to nearly invalidate a previously bearish technical formation that it was caught within, leading analysts…
DetailsThe uptrend that Bitcoin has been caught within in the time following its capitulatory decline to lows of $3,800 appears to have reached a boiling point earlier this morning when the benchmark crypto printed a massive $1,000 candle. This came about as the crypto rocketed from lows of $7,700 to highs of $8,800 – a…
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The crypto market has been able to add on over $20 billion to its total capitalization, with the upswing seen today by Bitcoin and many of its smaller counterparts marking a full erasure of the losses incurred during the mid-March meltdown. The significance of today’s price action extends far beyond just boosting the market’s technical…
DetailsBitcoin is up more than 15% in a pre-halving rally against the US Dollar. BTC broke the key $8,000 resistance and the 100-day simple moving average to open the doors for $9,500 or $10,000. Bitcoin is surging and it settled nicely above the $8,000 resistance pivot level against the US Dollar. The price is gaining…
DetailsThe past 24 hours have been explosive for the Bitcoin market. Ever since breaking past $7,800 on Wednesday morning, the cryptocurrency has been in a nearly unstoppable uptrend, rallying past resistance after resistance in the $7,000s, $8,000s, then most recently, the ever-important $9,000 level. This steep uptrend comes on the back of an influx of…
DetailsEthereum is up more than 12% and it broke the $220 resistance against the US Dollar. ETH price is likely to continue higher and it could even test the $240 and $250 levels. Ethereum is surging and it recently broke the $215 and $220 resistance levels. The price is now trading well above the $200…
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