Bitcoin is currently correcting higher from the $6,559 swing low against the US Dollar. BTC price is now testing the 100 hourly SMA and it is likely to struggle near $6,960-$7,000.Bitcoin is slowly recovering higher after trading as low as $6,559 against the US Dollar.The bulls were able to push the price above the $6,750…
Bitcoin has recaptured the support it had previously established at $6,800, with its rebound from daily lows around $6,600 being a bullish sign that seems to unveil some underlying strength amongst the benchmark cryptocurrency’s bulls.One analyst is now noting that the large clusters of volume that have occurred in tandem with Bitcoin’s previous capitulatory declines…
Bitcoin’s latest rejection within the lower-$7,000 region led the cryptocurrency to break below its key support at $6,800, a level that bulls are currently in the process of reclaiming.This ongoing rebound comes as bulls attempt to regain a key technical level that was lost in the recent selloff, with a sustained movement above this level…
Bitcoin price closed last night’s weekly candle as a shooting star doji, which could signal that a powerful reversal and epic plunge is coming when formed at the top of an uptrend.Is there more downside in Bitcoin’s near term future? Or was the recent drop to under $4,000 the final bottom before the next bull…
XRP, the third-largest ranked cryptocurrency by market cap, may face continued underperformance compared to the rest of the crypto space, as the historically accurate TD Sequential indicator has triggered a signal on the asset’s daily charts.However, a conflicting signal triggered earlier this month makes predicting the trend ahead a bit more confusing given how accurate…
Gold prices continue to soar as expectations of the worst recession the world has ever seen grow by the day due to the last impact the coronavirus will have on the economy.However, UBS analysts are expecting a strong reversal in gold in the back half of 2020 as stimulus packages and policy changes from the…
Bitcoin dominance continues in a downward trend. Currently, Bitcoin dominates the total market cap by 64.2%, having fallen 3 basis points, or 4%, in two weeks.Which, when taken in conjunction with double-digit gains for many high caps today, raises the question of whether altseason is on the way.Bitcoin dominance chart for the last six months…
As Bitcoin attempts to gain a foothold above $7,000, analysts are noting that data shows large players within the market are currently foraying back into Bitcoin, which could be a sign that further volatility is imminent in the days and weeks ahead.Traders do seem to believe that this next movement will favor bears, as the…
Ahead of the weekly candle close in approximately eight hours, Bitcoin has embarked on a slight rally higher, retaking $7,000 just minutes ago as of the time of this article’s writing. With this, the cryptocurrency has rallied some 3.5% from the weekend low, but remains 7% below last week’s local high at $7,470.Analysts suggest this…
Bitcoin has been on an impressive rally since sustaining a 50% drop in March, rallying from the $3,700 bottom to a local high at $7,470. The move has convinced many traders that the cryptocurrency market is on the verge of entering yet another full-blown bull market.Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum…