While most crypto assets suffered throughout 2019, Bitcoin, and a handful of other altcoins – almost entirely comprised of exchange-related tokens – offered crypto investors the best ROI in 2019.Binance Coin, Huobi Token, and OKB Top Crypto’s Best Return in 2019The crypto industry is a fast-moving, ever-changing industry that is driven by wild speculation and…
Bitcoin started a strong upward move from the $6,880 support area against the US Dollar.The price is reversing losses and it is now well above $7,100.There was a break above a key bearish trend line with resistance near $7,120 on the hourly chart of the BTC/USD pair (data feed from Kraken).The current technical structure suggests…
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…