Bitcoin 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 the…
The past few weeks have seen Bitcoin push higher and higher every few days, establishing higher low after higher high after higher low on the back of an influx of buying pressure. But, according to a number of crypto traders, BTC is preparing to see a correction as the charts signal caution.Related Reading: Crypto Tidbits:…
Bitcoin price has been in a downtrend for nearly two years now, with only a short-lived rally in Q2 2019 giving crypto investors a break from the bear market.However, a long-term momentum indicator is about to flip bullish on Bitcoin price charts, and it could signal that a major trend change is about to take…
Now just over two weeks out is 2020’s Bitcoin block reward reduction, also known as a “halving.” It’s an event that has become the topic of conversation for many watching the cryptocurrency space. The halving has become so hyped, in fact, that an extensive article on the subject was recently featured on Bloomberg’s Terminal.With the…
Bitcoin has performed extremely well over the past few days, rallying from last week’s lows at $6,800 to a high of $7,800 on April 23rd. It was a move that liquidated dozens of millions of dollars worth of short positions and convinced analysts to put credence in the BTC bull case.According to a popular crypto…
Bitcoin has been on a remarkable run over the past few weeks, rallying over 100% from March’s lows around $3,700. It’s been an impressive move that has liquidated dozens of millions of dollars worth of shorts.But even after more than 100% in gains, analysts are convinced that BTC has more upside. One fund manager, in…
Early this week, analysts were expecting for Bitcoin to start to reverse lower. The cryptocurrency, after rallying for five weeks straight, was seemingly starting to top out, falling to $6,800 in a move that liquidated dozens of millions.But just days later, BTC pumped higher, liquidating $70 million worth of short positions on BitMEX due to…
Just weeks ago, Bitcoin’s long-term outlook was anything but bullish. As the macroeconomy started to feel the effects of the coronavirus outbreak, global markets crashed in tandem, leaving no asset classes spared, crypto included.This culminated in the middle of March in a massive liquidation event that saw stocks, commodities, foreign currencies, Bitcoin, and even gold…
If you told an early Bitcoin adopter ten years ago that the cryptocurrency would one day hit $1 million, they would’ve laughed. Ten years ago, a single coin traded for less than $1.00; at times, it traded for a price well under a cent.But times have changed. Now, instead of getting laughed at, those predicting…
In the past 20 minutes, Bitcoin has rocketed higher. After trading around $7,000 for most of Wednesday, the cryptocurrency started to rally, hitting a local high of $7,770 just minutes ago — 9% higher than the weekly open and a more impressive 14% higher than the weekly low.This was a move that surprised crypto investors…