Over the past seven months, analysts have been wondering when the crypto market is going to revert back to a bull phase.Related Reading: Ripple CEO: These 3 Key Reasons Are Why XRP is Not a SecurityYou see, when Bitcoin started rallying from $4,000 higher in early-2019, analysts and investors thought this was the start of a…
Around 12 hours ago as of the time of this article’s publishing, Bitcoin (BTC) closed its weekly candle. Arguably, it was bullish, for over the past seven days, the leading cryptocurrency has lept from $7,300 to as high as $8,450, marking a surge of 15%.Related Reading: Crypto Tidbits: Elon Musk Pokes Bitcoin Bear, Japanese Giants Delve…
According of a research report from BitMEX, the largest cryptocurrency margin trading platform in the global market, the usage of the lightning network on bitcoin has surpassed expectations.More than 60,000 lightning network non-cooperative channel closures were recorded, and around 6,000 BTC were spent for closure transactions.The lightning network is a second-layer scaling solution that allows…
Bitcoin price is confined in a range below the key $8,200 resistance against the US Dollar, suggesting a short term accumulation phase. BTC could either rally above $8,200 or it might dip to $7,700 before a decent bounce.Bitcoin is moving in a range between $8,200 and $8,000 against the US Dollar.The bulls are likely aiming…
Once again, analysts have started to flip bullish on Bitcoin again. Sure, the cryptocurrency is still down some 40% from its $14,000 peak from last year, but per a number of traders, an array of key technical indicators have suggested that BTC is ready to return higher once again.Related Reading: Crypto Tidbits: Elon Musk Pokes Bitcoin…
At long last, the CME — one of the first regulated institutions to offer Bitcoin futures — will be launching options for its BTC futures contracts. The launch will be taking place on January 13th (today, as of the time of publishing this).Related Reading: Ripple CEO: These 3 Key Reasons Are Why XRP is Not…
2020 has so far been a great year for Bitcoin (BTC), with the cryptocurrency climbing significantly from its year-to-date lows of $6,800 that were set just prior to the massive upswing incurred by the aggregated crypto market.Bitcoin’s bullish price action throughout the early weeks of 2020 seem to confirm one prominent – and eerily accurate…
Since hitting $6,800 over a week ago, Bitcoin (BTC) has exploded higher, registering massive gains against the U.S. dollar as bulls have made their presence known in this new year. At the recent rally’s peak, the price of the leading cryptocurrency was $8,450, up some 25% from the bottom.Related Reading: Crypto Tidbits: Elon Musk Pokes…
Ever since Bitcoin (BTC) started declining last July, falling as low as $6,400 by the middle of December, analysts have been wondering when bulls are going to step in and push cryptocurrencies higher once again.Related Reading: Why Analysts Think Bitcoin Price On Verge of Crash to $6,000According to institutional investment data in the form of the…
Bitcoin is trading back in an uptrend above the $7,800 and $7,700 support levels against the US Dollar. BTC could start another strong uptrend if it settles above $8,200.After a downside correction, bitcoin price found support near $7,700 against the US Dollar.The price is currently rising, but it is facing hurdles near $8,200 on the…