An important fundamental health signal of the Bitcoin network just crossed into “capitulation” territory, which in the past was associated with downside risk. However, the tool’s creator says that it wasn’t designed to give sell signals, and shouldn’t be interpreted that way. But because of how profitable its been used as a buy signal over…
An Ethereum whale dumping as much as 4,000 ETH on Binance this morning might have been responsible for kickstarting the crypto market downturn. How deep could the correction in Ethereum get, after such a substantial rally all throughout 2020? DeFi Trend Fallout Takes The Legs Out From Under Ethereum Bull Run Late US President John…
Bitcoin price set a new higher high this weekend at over $14,000 and closed the highest monthly candle since December 2017, leaving just one higher monthly close to beat. However, before that could happen, the leading cryptocurrency by market cap has been dragged down by pre-election uncertainty, and it could make for a rocky ride…
Bitcoin prices slid Monday ahead of an election that will shape its bias for the rest of the year. The benchmark cryptocurrency plunged 2.7 percent following its best month in more than a year. Futures tied to the BTC/USD pair also inched lower by 1.27 percent, pointing to a declining institutional interest in the cryptocurrency…
Bitcoin price traded above the $14,000 resistance before correcting lower against the US Dollar. BTC is currently consolidating gains and it must stay above the 100 hourly SMA for a fresh increase. Bitcoin started a downside correction after forming a high near the $14,080 level. The price is trading above the $13,600 support and the…
What an October it was for Bitcoin. The number one cryptocurrency by market cap has seen a 30% rise in its price over the last four weeks, making a 17-month high in the process. Even more impressive is how Bitcoin managed to shrug deteriorating macro-factors to achieve this. Source: BTCUSDT on TradingView.com This is mostly…
Bitcoin price traded to a new monthly high at $14,081 before starting a downside correction against the US Dollar. BTC is now approaching the $13,600 and $13,500 support levels. Bitcoin extended its rise above the $13,500 and $13,800 resistance levels. The price traded as high as $14,081 and settled well above the 100 simple moving…
One of the biggest Bitcoin stories of the year was the news that MicroStrategy, a business services company, had deployed $425 million into BTC. The move garnered much attention within the cryptocurrency space, with many seeing this as validation of Bitcoin’s store of value properties. But outside of crypto, few knew about this purchase. The…
Bitcoin, although a powerful and disruptive financial technology, at its core, is mere mathematics. Its code is what keeps the network operating, its supply hard-capped at 21 million BTC, and much more. But could that computer code and supply mechanism also help provide clues to when the crypto market tops and bottoms? According to a…
Ethereum spent most of 2020 outperforming Bitcoin by a large margin, thanks to the burning hot DeFi trend and the related tokens’ reliance on the second-ranked crypto asset. But since things have reversed and Bitcoin has gone on its own individual run, on the ETHBTC trading pair, Ethereum has reached a point of “do or…