Bitcoin believers waited for a global economic crisis for years, hoping it would prompt investors to inject hundreds of billions of dollars into the cryptocurrency’s small, illiquid market. But the narrative failed big time as bitcoin came face to face with a real market-crisis-in-making, led by the Coronavirus pandemic.The bitcoin-to-dollar exchange rate fell by more…
Bitcoin traded higher on Tuesday following a severe sell-off that saw its prices plunge by circa $900 at the start of this week.The benchmark cryptocurrency jumped to intraday high of $5,466 from its weekly low, up 23.34 percent as traders hunted for short-term profits. The move upside quickly followed a weak pullback into the European…
Bitcoin is currently rising and showing positive signs from the $4,350 swing low against the US Dollar. BTC price is likely to accelerate higher towards $6,000 if it settles above the 100 hourly SMA.Bitcoin is recovering nicely from the $4,350 and $4,500 support levels against the US Dollar.It is back above the $5,000 level and…
Ripple is trading nicely above the $0.1200 and $0.1300 support levels against the US Dollar. XRP price seems to be preparing for the next key break above the $0.1600 resistance area.Ripple price is currently recovering from the $0.1279 weekly low against the US dollar.It is trading above the $0.1400 resistance area, but it is facing…
Ethereum is currently holding the key $100 support zone against the US Dollar. ETH price is slowly recovering and it seems to be eyeing a crucial upside break above $126 and $130.Ethereum is slowly recovering from the $100 support area against the US Dollar.It is trading above the $110 level, but facing a lot of…
Unfortunately, it isn’t getting any better for Bitcoin investors after last week’s grueling crash. Over the past 60-odd minutes, after holding at $5,300 for hours on end, BTC has slid under $5,000 yet again, breaching this key price point for the first time since Friday’s capitulation event.Bitcoin’s weakness comes as global equity markets have continued…
Bitcoin is likely forming a double top pattern near the $6,000 resistance against the US Dollar. BTC price remains at a risk of a sharp decline below $5,000 if it fails to recover above $6,000.Bitcoin is showing a few bearish signs below the $6,000 and $6,200 resistance levels against the US Dollar.There is likely a…
Ripple is showing signs of a decent recovery above $0.1400 against the US Dollar. XRP price could attempt to surpass the $0.1650 resistance and start a strong rise.Ripple price is facing a couple of key hurdles near $0.1620 and $0.1650 against the US dollar.A key support base seems to be forming near the $0.1400 area.There…
Despite it being a weekend, volatility has persisted in the Bitcoin market. After falling as low as $5,000 today, the cryptocurrency spiked 15% in minutes, rallying to $5,950 from $5,150 in an hour’s time. Unfortunately, BTC was unable to hold its gains, seeing a strong rejection at $6,000 to fall to $5,400 as of the…
While Bitcoin seemingly remains in a bear trend, sentiment has spread over the past few days that the cryptocurrency market has bottomed; analysts cite the fact that BitMEX funding rates are decisively negative, suggesting an extreme bottom, along with other technical analysis-based evidence to back their lofty opinion.But according to a top analyst, there is…