Bitcoin price is still trading above the $7,200 and $7,240 support levels against the US Dollar.The price is struggling to climb above the $7,440 and $7,500 resistance levels.There is a major breakout pattern forming with resistance near $7,440 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could either rally above…
The crypto industry is full of eccentric characters, controversy, and memes. One such meme has emerged, called the “Bart” or “Bart Simpson” chart pattern, that occasionally appears on Bitcoin price charts.But what exactly is the Bart pattern, and why does it occur so frequently on the price charts of Bitcoin and other cryptocurrencies? Here’s everything…
If you’ve been a crypto investor or traded Bitcoin at all during 2019, chances are you’ve heard repeated discussion surrounding the “gaps” on Bitcoin futures charts offered by the Chicago Mercantile Exchange.But what are gaps? And are these gaps nothing more than hype, or is the validity in taking trades based on the location of…
This past October, the Boston-based, Goldman Sachs-backed financial services company Circle, announced that it would “spin out” crypto exchange Poloniex into its own company, selling it to an investment group with backing from Tron founder Justin Sun.Since the spin-out, the two brands have seemingly spun out of control, with Poloniex causing a stir surrounding the…
Bitcoin price is back to where it started and trading below the $7,380 resistance against the US Dollar.The price is currently under pressure, but it is likely to hold the $7,100 support area.There is a short term contracting triangle forming with resistance near $7,220 on the hourly chart of the BTC/USD pair (data feed from…
Bitcoin has spent the best part of this week in a declining channel as it grinds lower towards $7k. A brief flurry of activity in late trading yesterday saw the digital asset surge over $500 in less than an hour. Six hours later it dumped the same amount which was music to the ears of…
Throughout 2019, altcoins like Ethereum, Ripple, and others, have grossly underperformed next to Bitcoin, sans a few outliers like Chainlink, or Binance Coin, who had breakout years themselves in 2019.But according to a very accurate-looking fractal on ETH/BTC price charts, Ethereum could soon break out against Bitcoin, helping to propel altcoins out of the gutter…
The CEO of the much-hyped Bitcoin futures platform Bakkt has been appointed to serve in the US Senate. Loeffler will replace Georgia Senator Johnny Isakson, who is due to retire at the end of this month.At first glance, Kelly Loeffler’s appointment, like the launch of Bakkt itself, looks like an unmitigated success for the crypto…
Bitcoin (BTC) has been firmly caught within the throes of immense volatility over the past several days and weeks, with its recent bout of sideways trading ultimately resulting in a massive movement that caused a maximum pain scenario for traders.This volatility has come concurrently with “extreme fear” amongst investors, which may be a counter-trading signal…
This morning, Bitcoin price fell to under $7,100 abruptly before the first-ever cryptocurrency exploded through resistance at $7,300 all the way to $7,700 before it began to finally cool off.Can bulls push Bitcoin higher and reclaim critical resistance as support once again, resulting in a rally leading up to Christmas? Or will bears swat down…