Bitcoin spiked above $9,400 and $9,500 against the US Dollar. BTC traded to a new yearly high at $9,569 and it is currently showing signs of a downside correction.Bitcoin price is likely forming a short term top near the $9,570 level against the US Dollar.The bulls seem to be losing control, but there are still…
Bitcoin (BTC) has been caught within the throes of immense bull-favoring volatility over the past several weeks, which has allowed the cryptocurrency to put significant distance between its recent lows of $6,400 and its current price of $9,500.This upwards momentum has led the crypto’s market structure to grow increasingly bullish, which is leading some analysts…
In the cryptocurrency industry at least, it’s pretty widely understood that the Bitcoin halving is due to take place in May 2020. However, that might not actually be the case.Surging hash rate and recent mining difficulty adjustments mean that miners will solve remaining blocks quicker than expected. Some analysts are now eyeing the end of…
Bitcoin and the aggregated crypto markets are currently entering a bout of sideways trading that comes just days after the massive rally that sent BTC to highs of $9,500 occurred.The market structure that has developed as a result of the consistent gains seen by Bitcoin throughout 2020 highly favors bulls and has led many analysts…
Disbelief may be keeping crypto investors from realizing what’s going on right under their noses: Confirmation that a new bull market has begun. Here are a total of ten exceptionally bullish factors that indicate a new crypto bull run has begun.A New Crypto Bull Market Is Officially HereTwo full years of a bear market has…
Experts believe bitcoin’s explosive price rally is about to hit an end as a trend-defining technical indicator screams ‘sell.’Bitcoin’s Open Interest (OI) is approaching $1 billion on BitMEX. Historically, whenever the total valuation of unsettled contracts touches the said valuation, bitcoin’s price in spot markets plunge. In September 2019, for instance, the cryptocurrency underwent a…
Gold bug Peter Schiff continues his relentless attack on Bitcoin, claiming that price manipulation, not legitimate demand, was the real reason for the recent pump.However, community advocate, Jimmy Song, in a heated Twitter exchange, shuts Schiff down by accusing him of bitterness, having passed up on the opportunity of being an early adopter.Whenever Bitcoin price…
Bitcoin corrected lower, but stayed above the $9,150 support against the US Dollar. BTC bears need to push the price below $9,150 or the price could rally above $9,500.Bitcoin price is holding a crucial support area near the $9,150 level against the US Dollar.The current technical structure above $9,000 suggests the price is preparing for…
XRP, the cryptocurrency commonly called Ripple, is in the midst of breaking out from downtrend resistance that has kept the crypto asset at low prices for over two full years of bear market.A breakout from what appears to be a bull flag or pennant pattern could shock the crypto market with rapid, explosive gains, that…
May’s halving will reduce the amount of Bitcoin rewarded to miners, and in turn, increase the coin’s scarcity.Considering this scarcity – think supply and demand – as well as historical data of the previous two halvings, Bitcoin’s price may see a remarkable bump in the months following the event.Halving Historically Leads to Massive GainsThe so-called…