Over the past day or two, Bitcoin (BTC) has started to settle in a price range, the low-$8,000s. As it stands, the crypto market seems somewhat directionless, stuck between resistances and supports above and below its current price. However, it is important to note that Bitcoin is moving very near to a key historical level…
Bitcoin price is extending its decline below the $8,250 resistance area against the US Dollar. The price is likely to decline below the $8,000 and $7,800 support levels in the near term. There is a major bearish trend line forming with resistance near $8,150 on the hourly chart of the BTC/USD pair (data feed from…
It has been a crazy past few weeks for Bitcoin, with the cryptocurrency’s price incurring an explosive rally that sent it surging from lows of $7,300 to highs of $10,600 before this momentum faltered and BTC began a slow grind down to its current price levels. One prominent analyst is now noting that Bitcoin’s inability…
Bitcoin (BTC) has continued slowly grinding lower as bears gain the upper hand over bulls, and sellers have now led the cryptocurrency down to a key support level that must be defended or else it will open the gates for significantly further losses in the near-term. Analysts are now noting that technical indicators may point…
Wolverhampton Wanderers has just announced a new sponsorship deal. The UK Premier League squad has made Crypto Millions Lotto, its “Official Online Lottery Partner”. Wolverhampton Wanderers has become the first UK football club to partner with an online lottery business. The new deal follows an earlier shirt sponsorship between the team and a cryptocurrency exchange.…
Bitcoin price is currently in a downtrend below the $9,100 pivot level against the US Dollar. The price is trading well below the $8,500 support and the 100-day simple moving average. There is a crucial bearish trend line forming with resistance near $8,880 on the daily chart of the BTC/USD pair (data feed from Kraken).…
For the umpteenth day in a row, Bitcoin (BTC) has bled out. In fact, as reported by NewsBTC on Monday, the cryptocurrency fell as low as $8,000 last trading session, plunging by 5% as bulls failed to step in while bears asserted their dominance. This bearish price action, which has been going on for months…
Bitcoin price is diving below the $8,340 and $8,200 support levels against the US Dollar. The price is approaching the key $8,000 support area, where the bulls may take a stand. There is a short term declining channel forming with resistance near $8,165 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
Last week, Crypto Twitter erupted with reports that “miners capitulated.” Indeed, the Bitcoin Hash Ribbons — an indicator tracking the health of the network’s hash rate — saw a bearish crossover, with the short-term moving average crossing below a long-term one, signaling that miners have stopped expanding their farms. Related Reading: For First Time Ever,…
Last week, privacy-focused crypto altcoin GRIN made news after the development team received a donation from an early Bitcoin whale interested in supporting future development of the budding technology built on a unique blockchain protocol called Mimblewimble, after Happy Potter lore. Now this week, that whale may regret the donation, as a former Google engineer…