A sudden surge in the price of bitcoin has made the cryptocurrency the top performing asset of 2020, outpacing gold, silver and crude oil. Over the past four months, the price of bitcoin has risen by almost a third despite a major crash in March that wiped more than $4,000 (£3,200) from its value. In…
The price of bitcoin has suddenly surged by more than $1,500, taking the cryptocurrency to its highest value since February. Bitcoin returned above $9,000 on Thursday morning, reaching as high as $9,400 before slipping to its current price of $9,200. The price rise comes less than two weeks ahead a rare event known as a…
On 18 December 2017, after nearly two years of sustained gains, the price of bitcoin reached an all-time high of $20,000. Just over 17 months prior to the record value being hit, the cryptocurrency had undergone a rare event called a halving, which some analysts claimed had a profound effect on the market. Bitcoin is…
Bitcoin popped towards its two-month high early on Thursday, breaking above $9,400 amidst halving hype.But the cryptocurrency failed to secure its intraday gains as it corrected lower by about $937 from the local top.The pullback started at the same level that has been capping bitcoin’s upside attempts since the 2017 bull run.It was a glorious…
A reoccurring theme in many Bitcoin analyses over the past few weeks has been mentions of a “rising wedge.”For those unaware, a rising wedge is a common chart pattern marked by a strong uptrend. Although this uptrend may seem bullish from a top-down perspective, rising wedges are textbook reversal patterns.Per Investopedia, this form of technical…
The past 24 hours have been explosive for the Bitcoin market. Ever since breaking past $7,800 on Wednesday morning, the cryptocurrency has been in a nearly unstoppable uptrend, rallying past resistance after resistance in the $7,000s, $8,000s, then most recently, the ever-important $9,000 level.This steep uptrend comes on the back of an influx of buying…
Bitcoin is up more than 15% in a pre-halving rally against the US Dollar. BTC broke the key $8,000 resistance and the 100-day simple moving average to open the doors for $9,500 or $10,000.Bitcoin is surging and it settled nicely above the $8,000 resistance pivot level against the US Dollar.The price is gaining momentum above…
The crypto market has been able to add on over $20 billion to its total capitalization, with the upswing seen today by Bitcoin and many of its smaller counterparts marking a full erasure of the losses incurred during the mid-March meltdown.The significance of today’s price action extends far beyond just boosting the market’s technical strength,…
The uptrend that Bitcoin has been caught within in the time following its capitulatory decline to lows of $3,800 appears to have reached a boiling point earlier this morning when the benchmark crypto printed a massive $1,000 candle.This came about as the crypto rocketed from lows of $7,700 to highs of $8,800 – a major…
Bitcoin and the rest of the cryptocurrency space is currently a sea of green after today’s rally added over $20 billion in market cap to the total cryptocurrency market.In less than 24 hours, the total market cap across all cryptocurrencies combined, grew by over 10% thanks to a massive surge from Bitcoin and continued growth…