Bitcoin’s amazing run of form these past couple of weeks is forcing the crypto skeptics to think again. Today sees a sell-off to $17.9k at the time of writing. However, with BTC rallying 150% since the start of 2020, many analysts believing it’s just a matter of time before Bitcoin cracks its previous all-time high. Source:…
Bitcoin price failed to continue higher above $18,800 and corrected lower against the US Dollar. BTC is now trading below the 100 hourly SMA and showing a few bearish signs. Bitcoin is facing a strong resistance near the $18,700 and $18,800 levels. The price is now trading below $18,500 and the 100 hourly simple moving…
Bitcoin price traded to a new multi-month high close to $18,850 against the US Dollar. BTC is now consolidating gains (while ripple surged 35%) and preparing for the next major move. Bitcoin traded above the $18,000 resistance and almost tested the $19,000 level. The price is now consolidating above $18,000 and the 100 simple moving…
Bitcoin’s ongoing rally has been catching the attention of billionaires, retail investors, and celebrities alike. This much was made clear when Masayoshi Son, the famous chief executive of Softbank (which runs the Vision Fund), talked about Bitcoin and cryptocurrencies in a recent interview/presentation at a New York Times event. Unlike some other billionaires, he shared…
Bitcoin is nearly at $20,000 once again and to the surprise of the crypto community, Google Trends search data now still doesn’t anywhere nearly compare to the search interest back then. However, digging deeper into search engine volume using a plethora of search engine marketing tools, there’s a very different “story” to be told. Here…
Bitcoin price still continues to climb despite seven solid weeks of positive price momentum. Whether or not the cryptocurrency has already returned to price discovery mode or not, is debatable. But even if it isn’t, this latest push has brought the first-ever cryptocurrency to its final resistance level before setting a new record. When the…
Chainalysis recently released an article titled “Why Bitcoin is Surging and How This Rally Is Different from 2017 (Hint: It’s Who’s Buying).” The blockchain analytics firm referenced Bitcoin’s amazing run of form, in which the leading cryptocurrency has gained 150% in value since the start of 2020. A strong last two months has seen the…
Bitcoin remains below its high set earlier in the week, but out of nowhere, Litecoin has surged an additional 13% today alone, capping off a 33% green week for the previously lagging altcoins. But why is the altcoin offered referred to as digital silver soaring so wildly compared to the rest of the crypto space,…
The price of Bitcoin surged past $18,000 once again, marking a sharp recovery from its earlier intraday drop to around $17,355. Behind the ongoing rally is a noticeable spike in the open interest of CME and other major futures exchanges. The 15-minute price chart of Bitcoin. Source: BTCUSD on TradingView.com The open interest of the…
Bitcoin is showing signs of continuing its bullish momentum despite a recent sell-off that it experienced after soaring towards $18,500. The flagship cryptocurrency’s latest downside correction has met with an equal resistive buying sentiment near local lows. As a result, its price against the dollar has rebounded on multiple breakdown attempts, creating a structure that…