Bitcoin may seem as though it moves without rhyme or rhythm, but like all markets, the cryptocurrency’s key levels and directionality can be shown with technical analysis, too. Unfortunately for bulls, the cryptocurrency remains below a key technical analysis level that marked the start of Bitcoin’s 50% crash at the beginning of March.Bitcoin Remains Below…
Over the past few days, Bitcoin has sustained a heavy drop. Despite a slight recovery to $6,850 as of the time of this article’s writing, the cryptocurrency remains a tad over 8% below the multi-week high of $7,470, established early last week.Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi ExplodesIt’s too early…
Bitcoin price closed last night’s weekly candle as a shooting star doji, which could signal that a powerful reversal and epic plunge is coming when formed at the top of an uptrend.Is there more downside in Bitcoin’s near term future? Or was the recent drop to under $4,000 the final bottom before the next bull…
Ahead of the weekly candle close in approximately eight hours, Bitcoin has embarked on a slight rally higher, retaking $7,000 just minutes ago as of the time of this article’s writing. With this, the cryptocurrency has rallied some 3.5% from the weekend low, but remains 7% below last week’s local high at $7,470.Analysts suggest this…
Bitcoin has been on an impressive rally since sustaining a 50% drop in March, rallying from the $3,700 bottom to a local high at $7,470. The move has convinced many traders that the cryptocurrency market is on the verge of entering yet another full-blown bull market.Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum…
Another week, another round of Crypto Tidbits. Bitcoin has effectively been flat on the week, recently returning to around where it started the week after briefly interacting with the ever-important $7,400 resistance. Altcoins, interestingly, came into their own this week, with Ethereum, Link, Tezos, EOS, among other top altcoins posting double-digit percentage gains in the past…
Bitcoin price was just rejected from above $7,000, after recently bouncing from extreme lows under $4,000.With the first-ever cryptocurrency failing to reclaim highs from even just a couple weeks prior, the asset is at risk of another catastrophic collapse to as low as $1,800, according to one cryptocurrency analyst.After a Record-Breaking Collapse, Is the Cryptocurrency…
In the wake of “Black Thursday,” it seemed clear to some that Bitcoin was dead: hundreds of millions of dollars worth of BitMEX positions were liquidated, the crypto’s market liquidity dried up (accentuated by the 50% drop in a day), and Crypto Twitter briefly became a ghost town.But, as I recently cataloged in a Twitter…
After days of consolidation after rallying 100% from the March bottom, Bitcoin tanked under $7,000 just minutes ago, reaching a local low of $6,920 as of the time of this article’s writing. With this downward move, the cryptocurrency is down 6% from Thursday’s peak and down nearly 8% from the highs at $7,470.Bitcoin’s drop comes…
It’s no secret the past few weeks have been tough for Bitcoin investors. The past month saw a number of horrors: over a billion dollars worth of BitMEX positions were liquidated during the flash crash on March 12th, the cryptocurrency slid 50%, and much more.But, prominent analysts are starting to come to the conclusion that…