Bitcoin has had a rocky past few days, surging to highs of $9,200 this past Saturday before meeting insurmountable resistance that has sparked a short-term downtrend. This downtrend has led BTC into the mid-$8,000 region, but the losses may not end here.One analyst is now noting that Bitcoin recently closed beneath a key technical resistance…
XRP and the majority of other major altcoins have been able to develop firmly bullish market structures over the past few weeks, which has been driven by the massive 2020 uptrend that the crypto market is currently caught within.XRP – which is currently coming off of an incredibly rough 2019 – has been able to…
Chinese New Year is just around the corner and people are once again debating its possible impact on Bitcoin price. A popular theory is Chinese investors cash out holdings before the holiday, creating additional selling pressure in the market.The lunar festival, held during different weeks of the Western calendar each year, will mark the beginning…
Bitcoin’s 2020 uptrend has drastically shifted the market structure of BTC, which was previously shaping up to be incredibly bearish while it was hovering within the $6,000 region.The subsequent rallies from this price region, however, have allowed it to climb all the way up to $9,200, which appears to be a key resistance level that…
Bitcoin is enjoying fresh gains at the start of 2020 as investors continue to speculate on its potential adoption against a series of geopolitical and macroeconomic letdowns.The benchmark cryptocurrency on Sunday surged beyond $9,000 for the first time in three months, up by 28.32 percent since the start of the year. The gains came as…
On May 9th, 2020, the 630,000th Bitcoin block will be mined, during which mining rewards will get cut in half to 6.25 BTC per block. And typically, speculation on how this will affect the Bitcoin price is rife.On the one hand, some believe the halving event is priced in, meaning there will be no room…
Coming into the first quarter of 2020, offbeat asset bitcoin is already proving to be the year’s best investment.The benchmark cryptocurrency’s upside run has returned roughly twenty-fold returns in January. Its rate peaked at over $9,190 on Coinbase exchange on the 19th. In comparison, it was trading at a mere $6,300 on December 18th, 2019.Many…
Bitcoin failed to extend gains above $9,200 and started a downside correction against the US Dollar. BTC price tested the $8,500 support and it could bounce back.Bitcoin price is down more than 5% from the $9,186 high against the US Dollar.The $8,500 support area could play an important role in the coming sessions.There was a…
Bitcoin and the aggregated crypto markets have incurred immense volatility over the past several days and weeks, which has come about as Bitcoin’s bulls and bears have engaged in an intense battle that has, over the past 24-hours, favored BTC’s bears.Yesterday evening the crypto rallied to highs of $9,200 before meeting significant resistance that sparked…
Peter Schiff, a libertarian proponent of gold and an asset manager, has long been a skeptic of Bitcoin and other digital currencies. In fact, Schiff has been around commenting on the cryptocurrency throughout multiple of its cycles.Related Reading: Research Firm: 3 Use Cases Could Send Bitcoin To $1 TrillionToday, on January 19th, he continued to assert…