The total crypto market cap neared $2.3 billion as Bitcoin added $2,000 in a day. Ethereum exceeded $3,100 for its latest ATH, while BNB trades above $630. After dipping to $56,000 yesterday, bitcoin has added $2,000 of value and touched $58,000. Ethereum’s latest ATH at $3,100 and numerous other pumping altcoins helped the crypto market […]
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Bitcoin (BTC) and Ethereum (ETH) are attempting to find support between their 0.5-0.618 Fib retracement levels. XRP (XRP) is following a descending resistance line. It is expected to break out. TRON (TRX) has fallen below the $0.061 support level, but is expected to reclaim it. Iota (IOTA) has broken out from a descending resistance line. Neo (NEO) and Cosmos (ATOM) are trading […]
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Earlier today, the world’s flagship cryptocurrency surged to reclaim the $59,000 level and touched $59,668 on the U.S.-based Kraken exchange. By now, Bitcoin has retraced to the $58,733 price mark. BTC started rallying after the Federal Reserve chairman Jerome Powell announced that interest rates will not be increased until 2023. During his press conference on […]
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Bitcoin (BTC/USD) was slightly better early in today’s Asian session as the pair appreciated to the 57179 area after trading as low as the 53559.35 area in the European session, with the interday low just above the 61.8% retracement of the depreciating range from 58367 to 44888.08. The 56369.13 level has emerged as being technically significant, a level that represents the 23.6% retracement of the appreciating range from 53025 to 57402.14. BTC/USD encountered some technical resistance around this area and then the 200-hour simple moving average, and then sought to derive some technical support around this area during the Asian session. Traders […]
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The price of Bitcoin has doubled in the past 75 days, prompting some analysts to question whether the market is approaching over-extension. However, historical analysis from Bitcoin monitoring team CaseBitcoin suggests the Bitcoin markets could accelerate further, noting that BTC’s “doubling time” — the time taken for price to increase by 100% — shrunk down to […]
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Bitcoin dropped by a sharp 6% today as the cryptocurrency retraced from $60K to reach as low as $54,557 on Bitstamp (.382 Fib) as of writing these lines. Prior to today’s price drop, Bitcoin concluded another bullish week in which it bounced from $56,110 to reach a new all-time high price at $61,780 on Saturday. Simultaneously, as […]
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Bitcoin fails to enter a new price discovery mode due to a rejection suffered marginally above $58,000. BTC risks breaking down massively amid the formation of two bearish patterns. Support is anticipated at $56,000, 54,000 and $52,000 to halt the declines before reaching $50,000. Bitcoin has come very close to breaking the all-time high of […]
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A new poll found that a quarter of investors in the U.K. probably should have bet big on Bitcoin in 2020. New research from U.K. think tank Parliament Street revealed that 25% of British investors estimate they would have made £1 million or more ($1.39 million) in profit by investing all their wealth in Bitcoin […]
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Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair depreciated to the 55088.47 area after trading as high as the 57402.14 area in the North American session, with the interday low just below the 50% retracement of the appreciating range from 53025 to 57402.14. Traders are paying close attention as the upward buying pressure has pushed BTC/USD within striking distance of testing its lifetime high. Stops were elected above the 55185.97 and 55482.51 levels during the recent climb to multi-day highs, representing the 76.4% and 78.6% retracements of the a recent depreciating range. BTC/USD continues to regain lost ground following its recent depreciation from its all-time high around 58367 to […]
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If history is any indicator, Bitcoin’s price should never again go below the $10,000 level. An important technical indicator reveals that, if history is anything to go by, Bitcoin’s price shouldn’t go back below $10,000 ever again. And while it seems like we’re a very long way from this mark right now, it’s important to […]
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