The bitcoin price climbed by more than 40 percent after China’s President Xi Jinping endorsed blockchain technology in his speech on October 25. Global outlets were quick to correlate the two events, stating that investors [probably] increased their holdings in bitcoin, hoping that the Chinese people would also do the same by taking cues from…
A custom technical signal that has predicted Bitcoin’s price trends to a tee over the past six weeks is printing a buy, implying that BTC may soon mount higher. The indicator doesn’t show where Bitcoin is headed, but there are some analysts expecting the cryptocurrency to reenter the $10,000 range in coming trading sessions. Related…
Bitcoin price is struggling to climb higher above the $9,300 and $9,400 resistances against the US Dollar. The price is trading in a range above the key $9,000 and $8.960 support levels. There was a break below a connecting bullish trend line with support near $9,240 on the hourly chart of the BTC/USD pair (data…
Late last month, Bitcoin (BTC) suddenly exploded higher. In under 24 hours, the leading cryptocurrency shot from $7,300 to $10,600 in a now-historic pump that caught countless traders slacking. This move was decisively bullish, as it was, after all, the fourth-largest daily move in Bitcoin’s history, and the largest daily move in over seven years.…
Bitcoin (BTC) has been on a wild ride over the past several weeks, which first began when it incurred a meteoric rally that sent its price surging from lows of $7,300 to highs of $10,600 – a move that marked one of the largest single-day movements ever experienced by the cryptocurrency. This movement instantly shifted…
As Bitcoin (BTC) has entered a launchpad-like state, finding itself in a lull as sentiment is beginning to trend positive again, institutions have started to accrue long positions of the cryptocurrency. This may imply that the crypto market is about to see its next leg higher. Related Reading: Crypto Tidbits: Bitcoin Stuck In $9,000s, Starbucks…
Last week saw one of Bitcoin’s craziest bouts of price action in its 11-year history. After a 10% flash crash to $7,300, the leading cryptocurrency rallied by 42% — BTC’s highest daily gain since 2011 and the fourth-largest move its kind ever — to $10,500 in a move that wiped hundreds of millions of BitMEX…
While there are some bearish technical signals for Bitcoin, the cryptocurrency has managed to hold the $9,000s against the odds. As of the time of writing this, BTC is changing hands for $9,250, up a mere 0.22% in the past 24 hours. According to a leading analyst, the fact that Bitcoin has held in the…
There are positive signs emerging for bitcoin above the $9,200 support against the US Dollar. The price is slowly moving higher and it could retest the $9,770 resistance area in the near term. There was a break above a key contracting triangle with resistance near $9,240 on the 4-hours chart of the BTC/USD pair (data…
Once again, true to the nature of this purgatory phase in the crypto markets, Bitcoin (BTC) has been relatively flat over the past 24 hours. According to Coin Market Cap, the leading cryptocurrency is up a mere 1% in the past 24 hours — effectively nothing when you factor in this market’s often immense volatility.…