Wow. After plunging by 3.5% to $6,850, Bitcoin (BTC) mounted a strong comeback over recent minutes. TradingView indicates that over the past hour, the cryptocurrency has surged some $400, or 6%, tapping $7,250 before retreating to $7,200, which is where the price of Bitcoin is attempting to stabilize now.According to cryptocurrency research and data firm…
Unfortunately for Bitcoin bulls, the cryptocurrency market isn’t starting 2020 off on the right foot. According to data from CoinMarketCap, the price of BTC has fallen by 3.5% in the past 24 hours, tumbling below $7,000 to trade around $6,800 for the umpteenth time in a few weeks’ time.This latest move to trade in the…
Much to the chagrin of investors and bulls alike, Bitcoin (BTC) was unable to hold above the key support that had been established within the lower-$7,000 region, as it posted a swift break below this support during a sharp selloff that occurred earlier this morning.This sell off may cut deeper in the near-term, but one…
Bitcoin currently appears to be in a precarious situation, as sellers have been pushing the cryptocurrency down towards its key support that currently exists around $7,000. This current bearishness comes close on the heels of the recent series of rejections that BTC faced over the past couple of weeks.One analyst, however, is now noting that…
In 2009, Satoshi Nakamoto launched Bitcoin as a seeming response to the 2008 Great Recession, during which banks and other financial institutions created an environment conducive to economic collapse. The pseudonymous coder’s intentions in launching Bitcoin was implied by a message they embedded in the header of the blockchain’s genesis block, which referenced a headline…
XRP, the cryptocurrency often referred to as Ripple, is the third-largest crypto, yet it was one of the year’s worst performers in terms of the top ten cryptocurrencies by market cap. It not only closed the year at a loss but also set a new, fresh, bear market low during the course of the last…
Elliott Wave Theory is just one of many tools cryptocurrency analysts and Bitcoin traders use to help them predict future market movements and gain a competitive edge.According to the commonly used technical analysis principle, Bitcoin could be due for its biggest correction yet – one that will take the crypto industry by surprise and cause…
Bitcoin (BTC) hasn’t done too hot over the past few months, plunging some 50% since the June top of $14,000. The selling has stopped over the past few weeks, with the price of the leading cryptocurrency flatlining in the low-$7,000s, leading some to suggest that another leg lower is possible.But it seems that the cryptocurrency…
If you were trading Bitcoin or other crypto assets in late-2018, you likely remember the word “capitulation” mentioned time and time again. Why? well, after trading at $6,000 for months on end, BTC traders finally capitulated in November, resulting in the price of the leading cryptocurrency collapsing from $6,000 to $3,150 in four weeks’ time.…
Bitcoin was rejected on a few occasions near $7,260 and $7,300 against the US Dollar.The price is currently declining and it remains at a risk of more downsides below $7,000.There is a declining channel forming with resistance near $7,180 on the hourly chart of the BTC/USD pair (data feed from Kraken).Ethereum is also struggling below…