Bitcoin has surged by up to 24 percent ahead of closing the week despite the Coronavirus-induced global market sell-off. Nevertheless, the benchmark cryptocurrency could end up losing a large chunk of its gains heading into the new seven-day timeframe.That is because of two bearish indicators. As Bitcoin trends upward, it is leaving behind a trail…
Over the past three weeks, since Bitcoin hit $3,800 in a capitulation event, the cryptocurrency market has mounted an extremely strong recovery. In fact, just the other day, the cryptocurrency shot some 10% higher within a few hours’ time, rallying from $6,600 to $7,200 in a strong upward swing that liquidated dozens of millions worth…
Despite the crypto crash that transpired last month, emotions are running hot; leading investors think Bitcoin will near its $20,000 all-time high, established at the end of 2017, in the near future. Here’s why they’re so optimistic.Related Reading: King of the Hill: Top Crypto Investor Explains Why Altcoins Are Highly RiskyBitcoin Investors Think Price Will…
Bitcoin price may be trading as much as 40% lower than it was at the start of they year, but the low prices are causing significantly more buy pressure in the cryptocurrency market than the massive early 2020 rally that took the asset to over $10,000.Remembering Bitcoin’s Rally in Early 20202017 was all about Bitcoin’s…
After plunging towards $6,200 after the monthly candle close, Bitcoin has rallied hard, gaining 5% in the past two hours alone ahead of the daily close arriving in approximately 90 minutes. As of the time of writing this article, the cryptocurrency sits at $6,575, just a smidgen shy from $6,600.What are analysts thinking about this…
Since NewsBTC’s last market update, Bitcoin has continued to rip higher, recently hitting $6,750. With this, the cryptocurrency is up nearly 9% from the daily lows around $6,200, and up over 16% from the weekend lows at $5,800.Although not on the same magnitude, many have likened Bitcoin’s recent price action to the 25% surge seen…
Bitcoin price had one of its most volatile months yet, resulting in a massive, $6,000 long “Darth Maul” candle on the three-month price chart.But what does this rare and explosive candlestick pattern typically indicate, and what could this mean for Bitcoin price in the future?First Quarter 2020 in Crypto Closes Out More Volatile Three Months…
Since the monthly close that transpired at the turn of the month (UTC), Bitcoin has tanked, falling 4% from the $6,500 price where it spent most of the past few hours to a low just above $6,250.The move lower began just eight minutes after the monthly candle closed, potentially suggesting that market players were intending…
In just over 120 minutes as of the time of this article’s publishing, Bitcoin’s one-month and three-month candles will close. A number of analysts have remarked that the upcoming close will be crucial for the crypto market’s directionality moving forward.Related Reading: This Key Metric Suggests the Crypto Market’s Downturn Will Be ShortlivedLevels to Watch ForAccording…
After Bitcoin price fell from $10,000 to under $4,000 in one short month, the ultra bearish, panic-induced price action has finally settled into a neutral state.However, if bulls can break above this key level and hold it as support, the price action will flip bullish and likely go on to target $7,800.Neutral Price Action Ready…