Bitcoin price may be trading as much as 40% lower than it was at the start of they year, but the low prices are causing significantly more buy pressure in the cryptocurrency market than the massive early 2020 rally that took the asset to over $10,000.Remembering Bitcoin’s Rally in Early 20202017 was all about Bitcoin’s…
The cryptocurrency Tezos has only just come back down to Earth after spending early 2020 skyrocketing to new highs, but according to one crypto analyst, a moon mission may be next for the hyped-up altcoin following an inverted hammer reversal candle.Cryptocurrency Refuels After Historic Crash Coronavirus CollapseFew altcoins have had as strong of a start…
With an economic collapse upon us, it has revived discussion around the concepts that prompted the creation of Bitcoin.And although the asset could have its finest hour in the face of the coming hyperinflation, ironically, the first-ever cryptocurrency’s existence currently depends on the banks that it was designed to replace. Will this ever change, or…
Since Black Thursday, which saw Bitcoin bottom at $4.6k on the day, the number one cryptocurrency has since been range-bound with strong resistance at the $6.8k level.Although it’s been able to post definite gains since that recent low, some analysts expect to see a further breakdown as the knock-on effects of the pandemic wreak havoc…
Bitcoin surged above the $7,000 resistance and reached the $7,200 bullish target against the US Dollar. BTC price is currently correcting lower and it could test the $6,500 support area.Bitcoin rallied significantly above the $6,800 and $7,000 resistance levels against the US Dollar.The price tested the $7,200 target (as discussed yesterday) before correcting lower.There is…
With a black swan event is upon us – an unpredictable event that forever alters the way people think and behave – are crypto and altcoin holders prepared to potentially go down with the ship if the world faces the worst economic recession yet?Crypto Op-Ed: Are Altcoin Investors Mentally Prepared to Go Down With the…
In a jarring early-morning movement, Bitcoin blew past the resistance it was previously facing within the upper-$6,000 region, with this rally allowing bulls to significantly bolster their near-term technical situation.Analysts are now widely noting that the strength of this movement is likely to lead it significantly higher, with short positions getting punished.One prominent veteran trader…
Bitcoin prices jumped overnight to retest $7,000 but risked falling into a bull trap as no sound catalyst justified its pump.The benchmark cryptocurrency rose 9.67 percent in just four hours to $6,767 per token midnight Thursday. The move uphill injected about $7 billion into the bitcoin’s market cap, which topped near $121.97 billion ahead of…
After a period of facing some downwards pressure, Bitcoin bulls have been able to step up and lead the crypto higher, pushing it back into the mid-$6,000 region.This recent price action seems to indicate that both bulls and bears have reached an impasse, as neither have been able to garner any decisive momentum in the…
After plunging towards $6,200 after the monthly candle close, Bitcoin has rallied hard, gaining 5% in the past two hours alone ahead of the daily close arriving in approximately 90 minutes. As of the time of writing this article, the cryptocurrency sits at $6,575, just a smidgen shy from $6,600.What are analysts thinking about this…