Bitcoin is up close to 5% and it broke the $7,000 resistance area against the US Dollar. It seems like BTC bulls are now aiming a test of $8,000 or the 100-day simple moving average.Bitcoin is gaining traction and it recently surpassed the $7,000 barrier against the US Dollar.The price is up more than 80%…
Ethereum continues to struggle amidst the current vicious and volatile market environment caused by the coronavirus outbreak and recession on the horizon.But following a historic market collapse that wiped out nearly all of the asset’s gains thus far this year, Ethereum may finally be ready for a violent reversal after a pair of dragonfly doji…
Somehow, someway, the price of Bitcoin has continued to show resilience after March 12’s capitulation event, decisively retaking $7,300 just minutes ago after trying an failing to surmount this level multiple times over the past few days.As of the time of this article’s writing, BTC is trading at $7,295, up 8% from the session open…
Bitcoin price recently plummeted to under $4,000, bouncing off what may believe is the absolute “floor” for the first-ever cryptocurrency.However, according to data from a top crypto industry analyst, the price floor of Bitcoin could jump to as much as $7,000 to $8,000 immediately after the halving takes place this coming May. But what exactly…
Bitcoin saw a sharp overnight rally that allowed it to surge past the resistance that it was previously facing around $7,000, with the crypto appearing to find some stability within this region – something that has not been seen since its capitulatory decline to $3,800 on March 12th.Analysts are now noting that this latest movement…
The US stocks benchmark S&P 500 could fall by as much as 40 percent as the Coronavirus pandemic spreads further, according to Scott Minerd of Guggenheim Investments. If the chief investment officer is correct, then crypto tokens like bitcoin could also plunge massively heading further into this year.An Uncanny CorrelationThe global crypto market lately fell and recovered…
Minutes ago as of the time of this article’s writing, Bitcoin breached a daily high, rallying past $7,000 to near $7,050.This meant that from Sunday’s lows, BTC is up 5%, echoing gains seen in the stock market, despite a worsening coronavirus outbreak.With the recent strength in mind, what are analysts expecting to come next?What’s Next…
Bitcoin is up more than 2% and it is gaining bullish momentum against the US Dollar. BTC price is likely to surge 4%-5% if it clears the main $7,000 resistance area.Bitcoin is showing a lot of positive signs above the $6,700 support against the US Dollar.The price is approaching the main $7,000 resistance and breakout…
If you were asked to name one of Bitcoin’s most prominent proponents, John McAfee would probably be one of the first individuals to come to mind.As the cryptocurrency market was blowing up in 2017, McAfee, the creator of the cybersecurity company that shares his name, shared the below message, claiming that he then believed Bitcoin…
Bitcoin’s sideways trading that was first sparked by its rejection at $7,300 has extended through today, with the cryptocurrency firmly caught within the upper-$6,000 region as its bulls and bears both reach a firm impasse.In the near-term, analysts are noting that the cryptocurrency could be on the “edge of glory” if it is able to…