Litecoin has had a brutal “bull market” if you can even call it that for the once popular cryptocurrency built on Bitcoin’s code. However, that all might soon turn around, as a massive bounce is brewing on the LTCBTC trading pair. A reversal on the trading pair could help Litecoin catch up to the rest…
Bitcoin price just pulled back 5% from the now rejected retest of the asset’s current-standing all-time high. The leading cryptocurrency by market cap was struggling with resistance as it was, but news breaking that Binance is the focus of a CFTC probe caused the pullback to worsen sharply. Here’s a brief breakdown of what’s going…
Bitcoin dominance is a metric weighing the top cryptocurrency’s market share against the rest of the crypto space, including Ethereum, Polkadot, Cardano, and other altcoins. For years, analysts used it as a tool to predict divergences between altcoins and Bitcoin. However, recently, the metric has lost just about all meaning, and could explain why it…
The most recent run-up in Bitcoin price was a front running of any potential corporate BTC buy revealed by cloud services company Oracle during its quarterly earnings call yesterday. When the call ended, crypto bulls expecting such a reveal were left with a dial tone, and bears stepped in pushing prices lower. However, one bestselling…
Bitcoin-bull Michael Saylor of MicroStrategy gives his expectations for the next round of institutional buyers coming into the space. What’s surprising is that Saylor believes governments, via sovereign wealth funds, are next in line to buy. Saylor Believes Bitcoin Over Gold is The Smart Play When it comes to the question of wealth preservation, parallels…
Bitcoin has had its most profitable quarter on record dollar for dollar, rising more than $25,000 in Q1 alone. But despite the enormous bullish impulse, the price action has left behind the first ever bearish divergence on quarterly timeframes in the asset’s history. Making matters worse, March is historically be worst month on record for…
Bitcoin price is showing positive signs above $55,000 against the US Dollar. BTC is likely to surpass $58,000 and trade to a new all-time high in the near term. Bitcoin climbed further above the $55,500 and $57,000 resistance levels. The price is now consolidating above $55,000 and it is well above the 100 hourly simple…
Bitcoin price is once again soaring, retesting resistance near the current all-time high. According to a top expert on the leading cryptocurrency, the asset’s price chart has become a sort of “manipulation gauge” that measures ongoing economic growth “engineering” by governments. If that’s the case, resistance won’t be able to hold Bitcoin back much longer,…
Overnight last night, the Twitter accounts of many crypto influencers and top Bitcoin supporters mysteriously were suspended without warning. Speculation pointed to accounts being targeted that had previously been tweeting about the popularity of NFTs, causing conspiracy theories to circulate and other major accounts to go private. Here’s what’s really going on behind the strange…
A textbook bullish indicator whose last appearance in mid-February contributed to Bitcoin’s price rise to its record high has flashed again. Dubbed as MACD Bull Cross, the signal develops when the output of the difference between an asset’s 26-period and 12-period exponential coverage surges above its 9-period exponential moving average known as a signal line.…