Bitcoin is one step away from testing $6,700 as support, according to prominent analyst DonAlt. The crypto trader on Monday measured the current bitcoin bias on a three-day timeframe, believing it gave better clarity about the cryptocurrency’s expected price behavior. He noted that bitcoin earlier broke out of a 3-D pennant structure – which also…
After a strong rejection at $14,000, Bitcoin’s parabolic rally has been cut short, and the leading crypto asset by market cap is taking a much needed pause and correction after bringing investors over 300% gains since the start of 2019. But after a flash crash stopped the rally in its tracks, Bitcoin price has been…
In recent weeks, the trade war between the Trump administration and China has been heating up, and fueling concerns that the global economy is on thin ice. The fears have caused a massive inflow of capital into gold and Bitcoin markets due to their scarcity and potential use as an economic hedge. The two markets…
All this week, Bitcoin price action has been heating up, bringing traders the most volatility seen since the last bull run. The price of the leading crypto asset by market cap violently bounced back and forth between $10,500 and $13,000 for much of yesterday after it was rejected at overhead resistance at $14,000. These movements…
One of the regular financial analysts on CNBC’s “Future’s Now” segment has argued that the sharp drop in the Bitcoin (BTC) price over the last 24 hours is healthy for the market. Jim Iuorio is hoping to see prices bounce above the $10,000 mark. If Bitcoin is able to find support above the psychologically-relevant price…
Ever since Bitcoin broke out of the lowest bear market trading range where its yearly lows were set, the crypto asset has skyrocketed, reaching prices not seen since before the bear market began in 2018. Alongside Bitcoin price itself, the crypto asset’s dominance comparative to other assets in the crypto market – altcoins such as…
The leading crypto asset by market cap has once again reclaimed $10,000, considered an important psychological FOMO trigger that could see Bitcoin price setting new all-time highs in no time. Now, less than 24 hours after Bitcoin price breaches $10,000, it’s already broken through $11,000 and shows no signs of stopping. What’s next for Bitcoin…
When Bitcoin first breached above $10,000 in 2017 it had already captured the attention of the mainstream media. All eyes were on Bitcoin price after it had reclaimed its precious all-time high following a bear market where the asset was considered doomed – much like the current cycle. It caused a massive interest on Google…
During the 2017 crypto bull run, Bitcoin price spent very little time above $10,000 once it got there. Around Thanksgiving, Bitcoin broke above $10,000 and by Christmas it had already hit its all-time high of $20,000 and began the start of its correction that led to a long bear market. At that time, there was a…
Bitcoin has rebounded from yet another dip, which crypto traders bought up in anticipation of a break of $10,000. As Bitcoin price continues to flirt with low-to-mid $9000s, an attempt at $10,000 shouldn’t be far along. If $10,000 is broken, co-founder of the Gemini crypto exchange and Bitcoin billionaire Tyler Winklevoss thinks that $15,000 would…