Bitcoin has made an attempt at recovering the losses it incurred late last week. On Sunday, the cryptocurrency rallied as high as $9,200 as buyers stepped in and shorts were squeezed.Yet order book data indicates that BTC may have a tough time rallying any further.Related Reading: A Hacker Just Drained $500k in Ethereum & Altcoins…
In May, after building a following of tens of thousands by making millions trading Bitcoin, “Joe007” threw in the towel. At the time, the pseudonymous trader cited his inability to “afford Twitter.”“Trading is a dangerous, adversarial, high-stakes info game. It’s played against best-in-class, looking for any advantage. Your trade results and views being public gives…
After weeks of consolidation, Bitcoin decisively broke below $9,000 just minutes ago. The cryptocurrency dipped as low as $8,840 on leading spot exchanges and slightly lower on margin-enabled exchanges like BitMEX.BTC price chart of the drop from TradingView.comThis move caught many traders off guard, according to derivatives data.Skew.com reported that more than $20 million worth…
It’s been a tough past few days for Bitcoin.After holding $9,300 for days on end, the cryptocurrency on Saturday slipped under $9,000. The leading cryptocurrency reached a local low of $8,840 on many leading spot and margin exchanges.Many traders were caught off guard by this move to the downside.At least $20 million worth of longs…
There have been many optimistic Bitcoin traders that have been expecting an imminent break into a bull market. Yet an analyst has said that it may be until the end of 2020 that the cryptocurrency markets enter a full-blown bull phase.Related Reading: Crypto Tidbits: Bitcoin At $9k, Grayscale Ethereum Trust, Cryptocurrency & PayPalBitcoin May Have…
Bitcoin has acted weak over the past few days, falling as low as $8,950 as touching $9,800 on Monday. Yet there are technical signals suggesting that a bull trend is soon to appear.One signal that was last seen at the start of the March crypto rally is about to appear again. And that’s good for…
Another week, another round of Crypto Tidbits.At one point this week, analysts thought Bitcoin was about to be thrust into a full-blown bull market. The cryptocurrency saw a strong rally at the start of the week that took ti as high as $9,800 on major exchanges. But in normal BTC fashion, the rally was shut down…
It’s been a quiet past few weeks for Bitcoin.After reaching $10,400 at the start of June, the cryptocurrency has seen a correction and now trades in the low-$9,000s.Although a bear trend has yet to form, many have stated that the rejection BTC faced at $10,400 was bearish. After all, $10,400-10,500 is the exact region Bitcoin…
Bitcoin is far from a full-blown bull market.Every attempt at rally upward has been smacked down by bears. The latest of which was the rally to $9,800 on Monday, which was followed by an $800 rejection and millions in liquidations.Yet a top cryptocurrency fund is still holding a bull bias. The company’s executives wrote in…
Bitcoin has spent the last two months trading in a tight range between $8,500 and $10,000. Prices have barely deviated from these boundaries, save for minor deviations that were quickly corrected.Some say that this consolidation is a “launchpad” for the bull market. Yet the argument that Bitcoin’s recent price action is the cryptocurrency topping recently…