Since our last market update, Bitcoin has continued to plunge lower.The leading cryptocurrency just minutes ago tapped $8,180 for the third time in the past two days. BTC has since bounced off that level, indicating that this level is of some importance, rallying back to $8,450 as of the time of this article’s writing.Bitcoin price…
Tomorrow’s halving helped Bitcoin price make another strong push to $10,000, but the first-ever cryptocurrency failed to breach the key level.However, according to the structure of a massive rising wedge, there may be yet another wave up to nearly $11,000 before a correction and pullback ensue.Started From the Bottom: Bitcoin Forms Rising Wedge After Bounce…
Bitcoin’s block reward halving may be just hours away, two hours away by most estimates, but that hasn’t stopped the price from dumping.The cryptocurrency just slid as low as $8,380 just minutes ago, visiting the levels it was trading at just 24 hours ago.This came after Bitcoin rallied as high as $9,200 on Monday morning,…
Bitcoin declined heavily from the $10,000 resistance against the US Dollar. BTC is currently correcting higher and it seems like the bulls are likely to push the price back above $9,000.Bitcoin found support above the key $8,200 and $8,000 pivot levels.A low is formed at $8,267 and the price is currently correcting higher.There is a…
There are many traders flipping bearish after Bitcoin’s strong retracement over the past day.As reported yesterday, Ethereum’s inability to hold $210 indicates that more downside is on its way for the leading altcoin. Ethereum dropping would likely result in weakness for Bitcoin, as the two cryptocurrencies tug each other in different directions.Yet, the technical evidence…
While trading Chinese yuan through Bitcoin may technically be banned in China, that hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency.This much was made clear on Sunday when Samson Mow, CSO of Blockstream, noted that according to data from Weibo (‘Chinese Twitter’), Bitcoin was a trending topic. This is the third…
Bitcoin saw an intense downwards movement yesterday that led the benchmark cryptocurrency to erase the gains that came about as a result of its latest push towards the coveted five-figure price region.The crypto’s drop led it to erase nearly $2,000 from yesterday’s highs.It has been able to recover a small portion of these losses, although…
Bitcoin witnessed some immense volatility yesterday that caused it to shed over $20 billion off of its market cap. This capitulatory decline came about shortly after the crypto navigated into the five-figure price region.This volatility was sparked after the crypto posted multiple failed attempts to break into the $10,000 region, signaling that the resistance here…
Just 24 hours ago, analysts expected for Bitcoin to gun for fresh highs past $10,100. The cryptocurrency was holding $9,800-10,000, seemingly poised to press even higher than it already had.Bears, however, had the upper hand, sending Bitcoin crashing by $2,000 within a day’s time. It was a move that liquidated $250 million worth of BitMEX…
Bitcoin is down more than 10% from the $10,090 high against the US Dollar. BTC found support near the 100-day simple moving average and it could start a fresh increase.Bitcoin climbed to a new monthly high at $10,097 before starting a downside correction.The recent pre-halving dump found support near the 100-day simple moving average.There is…