Bitcoin is likely forming a double top pattern near the $6,000 resistance against the US Dollar. BTC price remains at a risk of a sharp decline below $5,000 if it fails to recover above $6,000.Bitcoin is showing a few bearish signs below the $6,000 and $6,200 resistance levels against the US Dollar.There is likely a…
Despite it being a weekend, volatility has persisted in the Bitcoin market. After falling as low as $5,000 today, the cryptocurrency spiked 15% in minutes, rallying to $5,950 from $5,150 in an hour’s time. Unfortunately, BTC was unable to hold its gains, seeing a strong rejection at $6,000 to fall to $5,400 as of the…
Following a bout of unprecedented volatility seen earlier this week, Bitcoin has found itself caught in limbo, with its bulls and bears reaching an impasse as the crypto hovers within the lower-$5,000 region.Analysts are now noting that this period of consolidation seen throughout the weekend is due to investors waiting to see how the U.S.…
While Bitcoin seemingly remains in a bear trend, sentiment has spread over the past few days that the cryptocurrency market has bottomed; analysts cite the fact that BitMEX funding rates are decisively negative, suggesting an extreme bottom, along with other technical analysis-based evidence to back their lofty opinion.But according to a top analyst, there is…
Bitcoin has had a tough week, to say the least; after peaking at $9,200 on Saturday, the cryptocurrency started a precipitous decline, falling through support level after support level as if they were irrelevant.Indeed, at the crash’s worst on Friday morning, the cryptocurrency had reached a price as low as $3,800 (or $3,200 on some…
Bitcoin is currently correcting higher from the $3,906 swing low against the US Dollar. BTC is now forming a crucial breakout pattern, which is likely to decide the next move.Bitcoin price seems to be facing a lot of hurdles on the upside near $5,500 and $5,950.The price is now trading well below $6,500 pivot area…
Bitcoin really hasn’t done too well over the past few days; since the $9,200 peak seen on Saturday, the price of the cryptocurrency crashed as low as $3,800, marking a more-than-50% crash from the weekly high.Unfortunately, a key signal suggests that the prospects of recovery may be diminishing.Related Reading: Crypto Tidbits: Bitcoin Plunges 50%, COVID-19…
Bitcoin and the aggregated crypto market have been caught within a bout of extreme turbulence throughout the past several days and weeks, with the meltdown in the traditional markets acting as a catalyst for intense bearishness across all risk-on assets.In the near-term, it is highly probable that Bitcoin will continue guiding the aggregated crypto market,…
Another week, another round of Crypto Tidbits. Last week was almost undoubtedly Bitcoin’s worst week ever. The price of the leading cryptocurrency fell from the weekly high of $9,200 to a low of $3,800, a drop of nearly 60% in a week’s time. Altcoins fared even worse than the market leader, with Ethereum falling as low…
Bitcoin appears to have entered a firm bout of sideways trading in the time following its recent volatility – which led the cryptocurrency to plummet from highs of $8,000 to lows of $3,500, before climbing back up to the mid-$5,000 region.Analysts are now noting that the resolution to the cryptocurrency’s ongoing bout of rangebound trading…