After days of stagnation and consolidation, Bitcoin started to mount a strong comeback earlier this week.The leading cryptocurrency now trades for $9,650 — the highest price in over a week and more than 13% higher than the ~$8,550 lows seen during a retracement earlier this month.But Bitcoin remains below a crucial region of resistance that…
Just hours after Ethereum rocketed higher, so too has Bitcoin.The leading cryptocurrency recently reached $9,750, the highest price BTC has traded at in over a week. $9,750 is just over 13% higher than last week’s lows of $8,600, established as miners were seemingly dumping their coins in response to the May 11th block reward halving.Bitcoin…
The past few days have seen Bitcoin recover strongly from the weekly lows of $8,600.As of the time of this article’s writing, the flagship cryptocurrency sits at $9,400, just over $200 shy of the weekly high of $9,650.It’s a strong rally that has convinced many traders of the bull case, but one prominent analyst suggests…
While Bitcoin is up 5% over the past two days, the crypto-asset market remains in consolidation.After hitting $10,100 in late April, the cryptocurrency has stagnated under that key level. It has since traded in a relatively tight consolidation pattern from $8,500 to $9,500, failing to move decisively out of this range.Though a popular trader says…
Bitcoin has been on an impressive rally over the past two months.From the $3,700 lows seen on March 13th, the asset has rallied over 150%. This 150% performance means BTC has outperformed basically any other multi-billion-dollar asset over the same time period.This strong surge to fresh highs hasn’t convinced everyone that Bitcoin is in a…
After holding under $9,000 for days on end, Bitcoin surged higher to hit $9,200 on Wednesday morning.It was a small move in percentage terms but still notable in terms of its technical significance. $9,000, after all, has been defined as a key level for Bitcoin both technically and psychologically.With the price breaking out once again,…
Bitcoin has rallied strongly since the $3,700 lows established in March. From the bottom of the crash, the cryptocurrency is now up just shy of 150%.Although this upswing has convinced many in the industry that the bear market is over, some beg to differ. Prominent analysts and commentators say that the cryptocurrency has a chance…
Bitcoin has been subject to troubling price action over the past week.Since the May highs of $10,000 established in the wake of the halving, the cryptocurrency has been in a clear downtrend, with BTC now trading at $8,800 as of the time of this article’s writing. At the local lows, Bitcoin traded as low as…
Bitcoin may still be up 135% from March’s lows, but the cryptocurrency’s technical outlook is far from bearish.After peaking at $10,000 multiple times over the past month, showing BTC does not yet have the momentum to clear resistances, the cryptocurrency slid as low as $8,625 on Sunday evening in a move that liquidated approximately $20…
Just a week ago, Bitcoin was trading just dollars shy from $10,000. But after rumors (since disproven) spread about Satoshi Nakamoto selling his stash of BTC, the cryptocurrency has collapsed to $8,700.Some have deemed this move a “healthy” retracement, but a key indicator suggests that Bitcoin bulls have further losses ahead of themselves.Related Reading: Crypto…