All eyes are on Bitcoin price once again, as the largest cryptocurrency by market cap has recently made several attempts to break out of downtrend resistance.But as the recent rally has begun to fizzle out, an ominous candlestick pattern is potentially forming, which suggests that today’s close is especially critical and could determine where Bitcoin…
This week, the cryptocurrency market caught fire with Bitcoin, Ethereum, Litecoin and many others going on massive rallies and breaking through downtrend resistance, letting crypto investors breathe a collective sigh of relief that the bottom is likely in.However, when looking at the charts of one of the top-performing crypto assets of the week, one particular…
Bitcoin struggled to break the $8,900 resistance on two occasions against the US Dollar. BTC price is showing a few bearish signs and it seems like it could decline towards $8,300 or $8,200.Bitcoin price is likely forming a double top pattern near the $8,900 resistance against the US Dollar.The price is down 3% and it…
In the past few hours, the price of Bitcoin (BTC) has crashed, falling from the daily high of around $8,910 to a local low of $8,585, the lowest the cryptocurrency has traded at in around 18 hours. This represents a 3% drop in a matter of a few hours, which honestly isn’t that surprising considering…
The Bitcoin and wider cryptocurrency markets surprised observers yesterday as the market capitalisation of leading cryptos suddenly increased. January 14 started with the market at $217.5 billion, today that figure stands at over $238.8 billion.The heightened market volatility appears to have attracted other traders to the market. Open interest in Bitcoin futures, for example, has…
Bitcoin has been on an absolute tear over the past few days, with the price of the leading cryptocurrency rocketing as high as $8,910 just hours ago as of the time of writing this article. While bullish, analysts have been waiting for BTC to break past the key $9,000 price point, an important psychological and…
It is beginning to look increasingly as though Bitcoin’s (BTC) recent rally from its early-January lows of $6,800 to its recent highs of $8,900 is much more than a fleeting relief pump.BTC bulls have been able to hold the crypto within the upper-$8,000 region for the past day, signaling that buyers currently have enough strength…
Bitcoin (BTC) has been on an absolute tear over the past few days. In the past two weeks, the cryptocurrency has rallied from the yearly lows around $6,800 to a high of $8,880 just hours ago as of the time of writing this article, registering a 30% surge from said lows.Since nearing $9,000, the cryptocurrency’s…
If you take a look at CoinMarketCap, it’s easy to get overwhelmed; the site claims there are over 5,000 crypto assets in existence, from those as relevant as Bitcoin and Ethereum to those as obscure as Embercoin and, uh, PepeCash.Each coin purports to have its own viable use case, meaning that theoretically, it has the…
The bitcoin price increased by nine percent on a single day on January 14, pushing the entire crypto market up within a short time period. But, a prominent investor says most of the news on bitcoin is priced in and in the imminent future, it is not looking optimistic.Overvalued? bitcoin price above address growth, and…