After six days of gains, Bitcoin (BTC) experienced a precipitous drop on Wednesday, tumbling from the multi-week high of $8,460 to $7,800 in a few hours’ time. While the drop was extremely steep — 8% in literal hours — prices have remained around the high-$7,000s since, leaving many to ask what’s next for the crypto…
Bitcoin price started a downside correction after rallying to a new 2020 high near $8,460 against the US Dollar. BTC corrected $500, but the price is still above many key supports.Bitcoin failed to continue above $8,500 and started a downside correction against the US Dollar.There was a significant correction below the $8,200 and $8,080 support…
Bitcoin’s meteoric uptrend over the past several days and weeks has allowed BTC to smash through multiple resistance levels that were previously hampering its price action, and yesterday’s break above $8,000 led to a sense of euphoria amongst the cryptocurrency’s bulls.Analysts are now noting that Bitcoin could currently be caught within the early stages of…
It’s always refreshing to hear that a company or individual is prepared to accept Bitcoin in exchange for goods and services. It’s even more refreshing when they actually know enough about the cryptocurrency to want to hold it.British rapper Zuby announced earlier that he not only accepts Bitcoin payments, but that he doesn’t intend to…
Bitcoin (BTC) has been posting strong and consistent gains over the past several days, with its recent dip to lows of $6,800 being closely followed by a massive price surge that has allowed it to gain a position within the lower-$8,000 region.There has been an abundance of different narratives regarding what could be behind this…
Crypto market sentiment is the most bullish its been this year thus far, and the most bullish for Bitcoin since the historic October 2019 rally that set the record for the asset’s third-largest single-day gain.However, while bulls are celebrating early that the downtrend is over, a fractal from 2018 could suggest that there’s going to…
Bitcoin is showing first signs of a weakening upside momentum as traders adjust their sentiments near key resistance areas.The benchmark asset on Wednesday plunged by up to 3.15 percent in what appears to be a corrective action. The move downhill prompted it to establish an intraday low of $8,202.57 on Coinbase. It also escalated the…
Bitcoin could establish a new all-time high above the $20,000 level in 2020 as it hits crossroads with a bias-defining indicator.The benchmark cryptocurrency’s latest move uphill prompted it to retest its 20-weekly moving average on Wednesday. The technical indicator is conclusively accurate when it comes to defining bitcoin’s long-term trends. When the cryptocurrency breaks above…
Bitcoin broke a couple of important hurdles near $7,500 and $8,000 on the daily chart against the US Dollar. BTC price action indicates a strong rise towards $9,100 or even $10,000.Bitcoin price surged $500 and settled above the key $8,000 resistance against the US Dollar.A new 2020 high is formed near $8,464 and the price…
Bitcoin price has exploded out of its recent trading range near lows around $6,500 and has already rallied over $8,300 in a move that caught bearish crypto traders who were expecting more downside in the leading cryptocurrency by market cap off-guard.However, before bulls should start celebrating that the downtrend is over, there’s an extremely bearish…