Bitcoin has embarked on a strong correction over the past 24 hours. After peaking at $11,850 earlier this week, the asset slipped as low as $11,150 on Tuesday as selling mounted on spot exchanges, evidenced by a negative predicted funding rate with OKEx’ BTC perpetual futures market. While the asset has bounced back to $11,300…
Bitcoin has seen a slight recovery since the Friday lows of $11,400. The asset now trades for $11,600 as of this article’s writing, but BTC is still around $900 below last week’s $12,500 highs. The cryptocurrency may soon bounce further as a number of positive technical trends form. These technicals do not indicate, though, that…
Bitcoin is pressing higher after consolidating under $12,000 for two weeks. The asset trades at $12,400 as of this article’s writing, having broken above important resistance levels. BTC remains below critical long-term resistances at $14,000, but analysts are expecting the start of a macro bull run. They cite a confluence of fundamental, on-chain, and technical…
Bitcoin has struggled immensely at the $12,000 resistance over the past two weeks. On at least four separate occasions over this time frame, the leading cryptocurrency has been cleanly rejected at $12,000. Often, the rejection took place at that level exactly, down to a few dollars. While some analysts don’t assign much importance to that…
Bitcoin has done extremely well over the past few weeks. Since the start of July, the leading cryptocurrency has gained approximately 30% against the dollar, outperforming a majority of other macro assets. In rallying 30%, BTC has decisively flipped $10,500 into a level of support. To some commentators, this was the one level that Bitcoin…
After peaking at $12,000 this weekend, Bitcoin dove off a cliff, plunging to $11,300 as of this article’s writing. The cryptocurrency followed the price of gold lower, which is down around 7% in the past 24 hours. Bitcoin is still holding above the pivotal $10,500 level but analysts say that the asset is in a…
Disregarding the ongoing consolidation, Bitcoin has seen an explosive price performance in the past two weeks. In that time frame, the leading cryptocurrency has gained approximately 25.8%. While this latest move higher brought the cryptocurrency above critical resistance levels in the $10,500 range. $10,500 acted as a point at which three separate Bitcoin rallies topped,…
Bitcoin has stagnated in the mid-$11,000s over the past few days despite a surge in the value of altcoins. As of the time of this article’s writing, the leading cryptocurrency is trading for $11,700. Although this is a price higher than it was at last week’s candle close, there are some that do not believe…
Bitcoin has stalled in the high-$11,000s over the past few days after the cryptocurrency faced its second rejection at $12,000. As of the time of this article’s writing, the cryptocurrency trades for $11,650. This is a price above critical support levels such as $10,500 and $11,500, but it is clear that the uptrend Bitcoin was…
Bitcoin has seen an extremely strong performance over the past two weeks, even factoring in the Saturday flash crash that took BTC down $1,500. Despite this rally, Euro Pacific Capital chief executive Peter Schiff still thinks the cryptocurrency is still bearish. The prominent cryptocurrency critic commented on Twitter on August 2nd that BTC is still…