Bitcoin price just formed a death cross of the 50-day and 200-day moving average, a sign that typically signals to investors that the asset in question is in an unhealthy state and could see further downside.However, Bitcoin is anything but typical, and the last time this event occurred, the leading cryptocurrency by market cap broke…
Bitcoin prices rallied Wednesday to reach an intraday top at about $6,983 but the move did not improve its bearish outlook for the rest of the month.The bitcoin-to-dollar daily chart saw the formation of two extremely bearish patterns: Death Cross and Double Top. The former appeared after bitcoin’s short-term moving average slipped below its long-term…
Over the past day or two, the price of Bitcoin has continued to show signs of strength, rallying as high as $6,800 on Tuesday afternoon (TradingView data) as global markets begin to show signs of recovery after weeks of downward price action.Related Reading: House Democrats Propose ‘Digital Dollar’ in Move Big For Bitcoin: Here’s WhyAs…
Bitcoin is gaining momentum and it is trading above the $6,500 support against the US Dollar. BTC price is likely to continue higher towards $7,000 and $7,200 in the coming sessions.Bitcoin is showing a few positive signs above the $7,500 and $7,400 support levels against the US Dollar.The price could grind higher towards $7,000 or…
Bitcoin has continued to strengthen over the past few hours, rallying as high as $6,850 on Tuesday morning and now trading at $6,790 as of the time of this article’s writing. According to data from TradingView, the cryptocurrency has gained 4% since the trading session started, marking yet another day of gains.BTC remains below the…
The U.S. stock market and the cryptocurrency market have both rocketed higher in tandem today, with the Dow Jones posting one of its largest single day gains ever while Bitcoin has been able to climb over 6%.All of the notable rallies seen in the stock market over the past few weeks have been followed by…
Bitcoin has been able to continue climbing higher today, with the ongoing rebound in the equities market allowing Bitcoin to further extend the momentum that was first incurred last week when the cryptocurrency rallied from the lower $5,000 region to highs of $6,900.The benchmark cryptocurrency is now attempting to re-test these highs, although it remains…
Now that the dust has settled on the historic, record-breaking collapse the cryptocurrency market experienced earlier this month alongside the stock market, gold, and many other traditional assets, Bitcoin and altcoins have begun to recover.But although cryptocurrency prices are recovering across the board, according to the crypto market Fear and Greed Index, sentiment is still…
Bitcoin price has made a strong recovery over the last week or so, nearly doubling in value from the lows it set during the extreme, panic-induced selloff earlier this month.And as price has made a recovery, Bitcoin miners have begun returning to the market, turning back on their rigs, as can be seen by an…
Bitcoin is up more than 10% and it broke the key $6,400 resistance against the US Dollar. BTC price is now trading near the $6,650 resistance, above which it could surge to $7,000.Bitcoin is gaining traction and it recently climbed back above $6,200 against the US Dollar.The price is now trading above the $6,400 level,…