Somehow, someway, Bitcoin has managed to rally over the past five weeks, amid the most uncertain economic conditions we’ve seen in years, even more so than since 2008’s Great Recession.The rally has been so strong that since the March 12th “Black Thursday” crash, the cryptocurrency has managed to print five — yes, five — green…
Last month, as the world began to grapple with the economic reality of the coronavirus outbreak, Bitcoin fell off a cliff — tumbling from $7,700 to $3,700 within the span of two days, a drop of over 50%.Since then, a question that has plagued investors is if Bitcoin bottomed during that crash. While there is…
Since 2017’s blow-off top at $20,000, investors have been wondering when Bitcoin would be thrust into its next bout of parabolic growth. After all, crypto investors are used to rounds of rapid growth, then brutal drawdowns.Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi ExplodesBut, a key indicator is showing that the same…
In the wake of the crash to $3,700, investors thought Bitcoin was on a certain path to fresh macro lows under $3,100. But, this has quickly changed as the cryptocurrency has embarked on a stunning recovery, reaching $7,500 last week on the back of hype regarding the May 2020 block reward halving.Unfortunately, the 100% move…
Despite the bearish macroeconomic view, Bitcoin has performed extremely well over the past few weeks, rallying from the $3,700 lows to a high of $7,500 just last week. Even after a slight correction, the cryptocurrency remains around 90% higher than it did during the “Black Thursday” crash.But, some analysts are starting to worry that with…
After falling as low as $6,500 this week seemingly due to stock market weakness, Bitcoin has mounted a strong comeback over the past 24 hours, rallying as high as $7,200 as bulls have taken over. Other cryptocurrencies have registered even more impressive gains.$8,000, some analysts say, is next for Bitcoin as the technicals suggest that…
Bitcoin has seen a strong reversal since last week’s highs. The cryptocurrency, which traded as high as $7,470 last week, is now changing hands for $6,550 — 12.5% below the highs, but nearly 80% higher than the $3,700 bottom seen in mid-March.There’s a growing sentiment that recent weakness is a sign that there will soon…
After peaking just shy of $7,000 today, Bitcoin has tumbled lower, falling from the $6,950 high to $6,600 just minutes ago, a drop of 5%. Altcoins have followed suit, posting a similar loss to the crypto market leader.Bitcoin’s recent bout of weakness comes as the stock market has shown signs of reversing after last week’s…
Bitcoin price has been more volatile than ever, following an early 2020 rally to above $10,000, followed by a record-breaking historic plunge to below $4,000 just days later.The price action in between has been nearly as explosive, however, over the last four days, the daily has closed with four consecutive daily doji candles, indicating that…
Ever since Bitcoin pulled back from the $20,000 highs in December 2017, investors in the cryptocurrency space have been wondering when again BTC would be at new highs. According to a number of analysts, a $20,000 BTC price is actually likely this year, or at least in the coming 12 months.One trader recently cited a…