After failing to break past $10,500, Bitcoin has posted weak performance after weak performance, failing to hold key support levels. Just last week, the price of the leading cryptocurrency fell off a cliff, so to say, breaking below key supports at $9,500, $9,000, and $8,700 as bulls provided no resistance to the selling pressure.This weakness…
The turbulent market conditions that Bitcoin has been experiencing over the past several days and weeks has muddied the clarity that many analysts and investors previously had with regards to the strength of the firm 2020 uptrend BTC was previously caught within.Although the cryptocurrency has been able to post a decent bounce from its recent…
Whilst Bitcoin (BTC) awareness is slowly growing around the world, we’re still a long way from most folks understanding even basic information about the cryptocurrency. First impressions can be hard to break and early associations with the dark web and scams cast BTC in a bad light from the off.Fortunately, evidence suggests that Bitcoin education…
Bitcoin price closed its February monthly candle below $9,400, after a massive surge in January that took the price of the first-ever cryptocurrency from $6,800 to nearly $10,000.The massive move in January appeared to be the start of a new bull market trend, but the devastating crash on the heels of coronavirus pandemic proliferation panic…
A Coronavirus-induced sell-off led Bitcoin SV down by 46 percent in February, but the cryptocurrency is showing signs of healthy upside retracement heading into March.The controversial cryptocurrency surged by more than 14 percent on a month-to-date basis as buying sentiments erupted across the crypto market. The move led the BSV-to-dollar exchange rate to its new…
A small bitcoin sell order placed on Binance failed to garner favorable bids from buyers, leading to an unexpected price drop of circa $100.First noted by Hsaka, a prominent crypto analyst, trader(s) opened a 300 BTC sell order on the Malta crypto exchange at around 11:05 UTC. But the position didn’t close at the Ask…
Bitcoin is likely forming a short term bottom near $8,400 against the US Dollar. However, BTC price must climb above the 100 hourly SMA and $8,800 to start a fresh increase.Bitcoin is currently consolidating above the $8,400 and $8,500 support levels against the US Dollar.The bulls need to gain control above $8,700 and the 100…
While Bitcoin and cryptocurrencies are far from the level of popularity they had at the peak of the 2017-2018 bubble, this asset class remains of relevance in pop culture.This was proven true in a recent episode of the original Netflix series, “Altered Carbon,” during which the show depicted a dingy shop where cryptocurrencies are the…
Bitcoin’s intense downtrend seen over the past several days and weeks has left it in a precarious position, with BTC’s bulls struggling to hold the crypto above a key support level that could spark intense losses.One top trader is now noting that a dip below this key level could spark a notable selloff that sparks…
It has been a turbulent past couple of weeks for the crypto markets, with Bitcoin and many other altcoins rallying to fresh 2020 highs just a few weeks ago before meeting insurmountable resistance that has sparked an intense downtrend.Now, one analyst is noting that the aggregated crypto market could be nearing a “make or break”…