It’s been quite the day for the Bitcoin and crypto-asset market, with the price of BTC breaking above $12,000 after a strong rejection around two weeks ago. Ethereum also saw an extremely strong day, rallying as high as $490 as buying pressure spiked. Altcoins have seen extreme price action as well, with certain market participants…
Bitcoin just moved past $12,000 for the first time since the strong rejection around 10 days ago. The leading cryptocurrency now trades for $12,020, though it has not yet flipped the pivotal $12,000 level into resistance. Analysts are keeping their eyes to the charts as the short-term reaction to $12,000 will dictate Bitcoin’s directionality in…
Bitcoin has seen consolidation under $12,000 ever since unceremoniously losing that pivotal price point the week before last. The cryptocurrency now trades at $11,700 as of this article’s writing, having closed its weekly candle above a crucial support. Arguably the technicals of the Bitcoin market remain in a shaky spot. Some have asserted that BTC’s…
Bitcoin has seemingly entered no man’s land, with the price ping-ponging between $11,000 and $12,000. A top analyst has corroborated this sentiment, recently noting that neither his bull nor bear case has been confirmed. Chances are that this consolidation will resolve upward, though, according to a new analysis. This analysis suggests that there is little…
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…