At the turn of the month, analysts were quick to check Bitcoin’s charts, checking if any of their indicators signaled that bears remained in control of the cryptocurrency market. Unfortunately for bulls, indicators did.Per previous reports from NewsBTC, November’s monthly candle close resulted in the Moving Average Convergence Divergence (MACD) — which is a “trend-following…
Ever since Bitcoin’s meteoric rise to highs of $20,000 in late-2017 and subsequent drop, analysts and prominent figures within the industry have all been offering price targets for where they expect BTC to surge to over a fixed time period.Although some of these predictions have been lofty and unrealistic, one billionaire cryptocurrency investor is now…
Another week, another round of Crypto Tidbits. The last week of December was quiet for the Bitcoin and broader digital asset market, with BTC gaining 2.6% over the past seven days, according to Coin360.com. Altcoins have posted similar slight gains, though assets like Bitcoin Cash, EOS, Litecoin, and VeChain have managed to outperform, seeing approximately 10%…
While Bitcoin is an asset independent of central banks, of banks, and of Wall Street, the cryptocurrency’s strength and underlying value proposition have become increasingly dependent on events in the traditional financial world as this fledgling industry has grown.Related Reading: Bitcoin Fixes This: Top Bank Chief Says Monetary Policy is FailingOne such pro-Bitcoin event, or…
Bitcoin (BTC) has had quite a quiet past few days, flatlining in the low-$7,000s in the wake of Christmas. Analysts say that despite this lull, the cryptocurrency is starting to show signs of wanting to break higher.Analyst Mexbt remarked that he thinks that the cryptocurrency will soon “test the weekly and monthly open,” meaning the…
Over the holiday season, Bitcoin (BTC) has stalled in the low-$7,000s, finding itself stuck between a rock and a hard place. Although some say that this is indicative of an impending return to the $6,000s, then the $5,000s, a prominent cryptocurrency-centric fund manager has asserted that the leading cryptocurrency is poised to retake $9,000 within…
Earlier this month, Bitcoin (BTC) plunged as low as $6,400, marking a new multi-month low for the leading cryptocurrency. But as fast as the crypto dropped, it reversed, with BTC surging to $7,700 just last weekend on the back of bulls looking to buy in the $6,000s.Related Reading: Why Bitcoin Network’s Record 2019 Is Bullish…
If you’ve followed the Bitcoin and cryptocurrency space at all over the past few years, you likely know of the term “HODL,” A misspelling of the word “hold,” HODL is an industry joke used by cryptocurrency investors who believe that the price of BTC will appreciate with time, primarily due to adoption and the asset’s…
Earlier this month, the one-week Bitcoin chart printed an extremely bullish sign: the golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. (As an aside, a golden cross is when a short-term moving average crosses over a long-term one to imply bulls have control.)Related Reading: Bitcoin Poised to Collapse…
Bitcoin’s bulls were able to defend BTC from facing a much steeper sell-off today, which comes closely on the heels of the recent rejection the cryptocurrency experienced, which to many investors signaled that significantly further losses were imminent.Analysts are now explaining that bull’s ability to defend against further losses points to the possibility that the…