Bitcoin has been rocketing over the last several weeks, along with the rest of the cryptocurrency market. Most assets are up over 80% on average since the start of 2020. However, an unorthodox and unusual financial forecasting tool could indicate that a major trend change is playing out across markets, with the turning point taking…
Bitcoin’s strong price action has shown some signs of faltering as the cryptocurrency’s price declines down towards $12,000 following yesterday’s sharp upswing. This level – which was previously heavy resistance – may soon be confirmed as support as the cryptocurrency’s price begins drifting lower. Analysts are now widely noting that BTC is well-positioned to see…
Bitcoin’s value has risen by 3 per cent over the last 24 hours, taking the cryptocurrency above $12,000 for the first time in over a year. The latest gains mean the price of bitcoin has nearly trebled since March, despite a global economic slowdown caused by the coronavirus pandemic. Other cryptocurrencies have mirrored bitcoin’s fortunes,…
Bitcoin is pressing higher after consolidating under $12,000 for two weeks. The asset trades at $12,400 as of this article’s writing, having broken above important resistance levels. BTC remains below critical long-term resistances at $14,000, but analysts are expecting the start of a macro bull run. They cite a confluence of fundamental, on-chain, and technical…
Bitcoin is currently catching some upwards momentum that has sent it past its key resistance level at $12,000. Although the crypto has yet to post a significant break above this level, bulls do appear to be building strength following the strong weekly close that BTC posted yesterday evening. Analysts are now offering mixed outlooks on…
Bitcoin has struggled immensely at the $12,000 resistance over the past two weeks. On at least four separate occasions over this time frame, the leading cryptocurrency has been cleanly rejected at $12,000. Often, the rejection took place at that level exactly, down to a few dollars. While some analysts don’t assign much importance to that…
Looking for more signs that cryptocurrencies may be entering a new bull market? Look no further than Coinbase, where on average, buying any crypto asset offered by the platform would have resulted in 50% ROI or more. But which coins were the top-performing crypto on Coinbase, and which, if any, were lagging behind? Coinbase Coins…
Bitcoin and the entire cryptocurrency market have been seeing some rather mixed price action in recent weeks. Although the benchmark digital asset currently remains caught within a prolonged consolidation phase within the upper-$11,000 region, it has been facing multiple rejections at $12,000 that have hampered its near-term outlook. The latest rejection at this level took…
Against Bitcoin, Litecoin has not performed well since the highs of 2017 and 2018. As of this article’s writing, the price of LTC in Bitcoin terms is 0.0053 BTC — again, far from all-time highs. Analysts believe that LTC is set to outperform Bitcoin, though. They cite technical trends that show Litecoin is breaking higher…
Bitcoin is trading in a bullish zone above the $11,650 level against the US Dollar. BTC is likely to accelerate higher once it clears the key $12,050 resistance zone. Bitcoin is gaining bullish momentum and it is approaching the $12,000 resistance zone. The price is forming a strong support near the $11,650 level and the…