Bitcoin price remained well bid above $9,000 and rallied to a new 2020 high against the US Dollar. BTC is now trading nicely above $9,500 and signaling a strong increase to $10,000.Bitcoin is showing positive signs above the $9,500 and $9,600 levels against the US Dollar.The price jumped to a new 2020 high at $9,764…
Analyzing Bitcoin is a tricky game; there are many variables to take into account when trading cryptocurrencies, and the inherent volatility of this market makes forecasts hard. Though, there are a few analysts that have seemingly made good progress in the art of Bitcoin analysis.One such analyst is Filb Filb, a pseudonymous trader known to…
It has been a wild day for Bitcoin (BTC), with the benchmark cryptocurrency finding itself caught within the throes of immense volatility that has primarily been bull-favoring.This volatility has allowed the crypto to rally up towards $10,000, although it has hit some intense resistance during the course of this latest upswing.Although it still remains unclear…
An article about the recent BSV Genesis hard fork by ZDNet is causing quite the stir in the crypto industry. The piece describes the network upgrade as a new beginning for Bitcoin.The article represents BSV as the original Bitcoin and Craig Wright as its creator. Since Wright is still to prove his claims, some crypto industry…
XRP has been rallying throughout the last week, pushing through downtrend resistance and is potentially ready to reclaim former highs.The first step in an attempt at breaking above recent bear market rally highs is recapturing the 200-day moving average – a feat that XRP just achieved after the latest pump above.XRP Recaptures 200-Day Moving Average…
Bitcoin could retest the $13,000 range in the next two months, according to a macro technical indicator.The cryptocurrency’s monthly chart shows that it was trending downwards inside a ‘Falling Wedge.’ It formed lower highs and lower lows, leading to the formation of a contracting price range. As it did, the monthly trading volume of bitcoin…
Bitcoin price started a downside correction from well above the $9,550 area against the US Dollar. BTC broke the key $9,220 support and it is now trading in a short term bearish zone.Bitcoin declined recently below the $9,300 and $9,200 levels against the US Dollar.The price traded close to the $9,050 level and it is…
Contrary to what you may have heard, Satoshi Nakamoto might have been keener on the idea of Bitcoin as a store-of-value than as a means of payment. At least, that’s what Kraken Business Development Director Dan Held thinks from his own study of Nakamoto’s work.Held believes that clues within Nakamoto’s forum posts and the Bitcoin…
XRP is the talk of the crypto space today, after rallying over 7% in a matter of minutes towards a high of 27 cents per XRP token.The surge is the result of a breakout on both the XRP/USD and XRP/BTC trading pairs, indicating that Ripple will so rally against the dollar and Bitcoin itself.XRP Breaches…
Ever since the clock first struck midnight turning into the new year, altcoins like XRP, Ethereum, Litecoin, and many others have been tearing up the price charts and going on massive price rallies.But those rallies have now triggered a sequence of candlesticks that according to a world-renowned market analyst typically result in a reversal and…