The crypto market has been struggling for nearly two full years now to return to all-time high peak prices set back at the height of the crypto bull run, when Bitcoin reached $20,000 and became a household name and altcoins like Ethereum made investors filthy rich. During that time, Ethereum exploded to over $1,400 per…
Bitcoin has experienced a sudden surge in value after several days of plummeting prices. The world’s leading cryptocurrency climbed $600 (£460) in the space of a few hours to return above $7,000, having briefly fallen to its lowest level since May. The price crashes on Friday and Monday came after market uncertainty surrounding developments in China,…
Bitcoin is the emperor’s new clothes of financial commodities. It’s been prancing up and down money street with nothing on for years, despite the fact that lots of thoroughly sensible people have been playing the role of the boy in the fable who says “ere, ee’s got nuffink on”. Does the fact that the cryptocurrency has…
In the middle of October, John Bollinger, the prominent technical analyst behind the Bollinger Bands indicator, remarked that Bitcoin (BTC) was going to see a so-called “head fake.” For those unaware, a head fake in technical analysis terms is when an asset falls out of the Bollinger Bands, an indicator that estimates trading ranges, then…
Bitcoin price tested the crucial $6,500 support area and started an upside correction against the US Dollar. The price is up around 10% and it even settled above the $7,000 resistance area. Yesterday’s key bearish trend line was breached with resistance near $7,060 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
After incurring a bout of capitulation throughout the latter part of yesterday, Bitcoin (BTC) has been able to post a decently strong rally that has allowed it to recapture its position within the lower-$7,000 region, and its recent lows may ultimately mark a long-term bottom for the crypto. It is important to note that the…
There are a number of sound investment strategies a crypto investor may choose to gain exposure to Bitcoin and other cryptocurrencies, depending on important factors such as risk appetite or income level. Those who jump into Bitcoin investing without a plan can result in significant losses. However, one of even the slowest, and safest methods…
The price of bitcoin has fallen to a six-month low following the second major crash in the space of just three days. The latest dip in value took bitcoin below $7,000 (£5,400), wiping nearly $20 billion from its overall market capitalisation since this time last week. Its price remains well up from the start of…
Bitcoin price is declining and approaching the next bearish target of $6,500 against the US Dollar. The price is down close to 10% and it seems like the bears are targeting $6,500 or $6,400. There is a new connecting bearish trend line forming with resistance near $7,010 on the hourly chart of the BTC/USD pair…
Bitcoin has just plunged to a new six month low under $6,700 which opens up a new range of lows in the short term. The chances of a ‘santa rally’ are dwindling as crypto markets continue to crash back towards the deep chills of winter 2018 levels. Bitcoin Bottoms at $6,600 According to Tradingview.com BTC…