Over the past few weeks, analysts have said Bitcoin is finally finding a local top.For the third time in a matter of months, the cryptocurrency was rejected in the $10,000 range. It was a rejection that caused many to reconsider their bullish stance on BTC due to the level’s importance.Though derivatives data and simple technicals…
Just a day after Goldman Sachs came out with a scathing presentation on Bitcoin, the asset is rallying. Investors are clearly shaking off the “FUD” the multinational bank through the cryptocurrency market’s way.Just minutes ago as of the time of this article’s writing, BTC shot higher to cross $9,600. It reached a local high of…
Bitcoin has been flashing signs of immense strength throughout the past few days as it pushes up towards the mid-$9,000 region.Although on a surface level this movement appears to be bullish, it is important to note that the cryptocurrency is now pushing up against heavy resistance. A rejection here could ultimately lead it to see…
Bitcoin has an incredibly scarce supply of just 21 million BTC. This supply was just slashed in half with the asset’s halving.An institutional focused investment firm that was previously absorbing as much as two-thirds of the newly mined BTC supply, is now buying up as much as 150% of it. Is this a sign that…
What goes up, must come down. That saying just applied to the cryptocurrency named Theta, which recently became a topic of hot discussion due to a supposed Google partnership.Details about the “partnership” however bring up questions about if there’s any validity to the claim, or if Theta is simply a client of the tech giant.…
Bitcoin avoided a major downtrend and recovered from the $8,680 support against the US Dollar. BTC price is trading above $9,000, but it must clear $9,300 to start a strong increase.Bitcoin is up more than 4% and it climbed above the $9,000 resistance.The price is trading well above the $9,100 level, but it is still…
After holding under $9,000 for days on end, Bitcoin surged higher to hit $9,200 on Wednesday morning.It was a small move in percentage terms but still notable in terms of its technical significance. $9,000, after all, has been defined as a key level for Bitcoin both technically and psychologically.With the price breaking out once again,…
The pseudonymous inventor of bitcoin, Satoshi Nakamoto, who has yet to reveal their identity, may have indicated that they are still active in the cryptocurrency market. Bitcoin was the first decentralized cryptocurrency – a digital currency generated, or ‘mined’, when a computer solves a complex mathematical problem – and was invented after Nakamoto wrote a…
Bitcoin has rallied strongly since the $3,700 lows established in March. From the bottom of the crash, the cryptocurrency is now up just shy of 150%.Although this upswing has convinced many in the industry that the bear market is over, some beg to differ. Prominent analysts and commentators say that the cryptocurrency has a chance…
Because Bitcoin is an asset unlike anything else before it, analysts use a set of unorthodox, uniquely developed tools for fundamental analysis.One of these tools praised as “one of the greatest ever” indicators, is currently “screaming buy.” The only previous three times this indicator gave buy signals, it resulted in an average of over 5,000%…