Bitcoin prices remain vulnerable to more dives even as top analysts print a rosy picture for the cryptocurrency.The bitcoin-to-dollar exchange rate appears trapped inside a technical range, dubbed as Symmetrical Triangle, since March 12. The pair is oscillating between two converging trendlines as it marches towards the Triangle’s apex. The pattern shows a weak buying…
With each passing day, the global government is revealing more and more economic stimulus and bailout budgets to prevent further collapse of the economy and save corporations critical to civilization as we know it. But the more the government overspends, the more bullish the case for Bitcoin – an asset that’s value could climb significantly…
Bitcoin is struggling to gain momentum above $5,500 resistance against the US Dollar. If BTC price breaks the $5,000 support, it could start a major decline in the near term.Bitcoin is currently trading in a range between $5,000 and $5,500 against the US Dollar.A break below the $5,000 support could set the stage for a…
Bitcoin has been on a wild ride over the past several weeks and months, with the benchmark cryptocurrency plummeting from recent highs of $10,500 to lows of $3,500 before garnering significant buying pressure that has since sent it back to its current price within the mid-$5,000 region.This intense volatility has come about in tandem with…
Tether’s USDT money printer is up and running again, and it could be a sign of what’s to come next for Bitcoin and the aggregated cryptocurrency market.It now appears that Tether has issued a whopping $161 million worth of USDT over the past 24-hours, putting the total number of new USDT issued over the past…
Last week, the cryptocurrency market collapsed alongside the stock market and the rest of the world of finance.After the fallout, cryptocurrency exchanges have been left a ghost town, according to data extracted from order books of top trading platforms.Cryptocurrency Exchange Order Books Empty, Market is a Ghost TownBitcoin and the rest of the cryptocurrency market…
With Bitcoin and other financial markets, a certain seasonality and cyclicality exists. Some chalk this up to coincidence, while others seek to try and capitalize on any opportunity to predict recurrence.With Spring just around the corner, typically an event signifying new growth and a return to light, could it be the seasonality change that the…
Bitcoin is showing signs of a decent recovery above $5,000 against the US Dollar. BTC price could recover further towards the $6,000 resistance, where the bears are likely to take a stand.Bitcoin is slowly rising and it is trading nicely above $5,200 against the US Dollar.A break above $5,600 is likely to lead the price…
After breaking beneath the support that had been established at $5,000 yesterday, Bitcoin bulls have now been able to propel the cryptocurrency past a key support region, leading it to once again find itself caught within a bout of sideways trading around $5,200.Although both bulls and bears appear to have reached an impasse, it now…
Bitcoin has risen today in tandem with the traditional markets, finding what appears to be a secure foothold within the lower-$5,000 region. This has allowed the benchmark crypto to begin confirming its recent lows as a mid-term bottom, but it still remains unclear as to where it will trend next.One prominent analyst is now noting…