After a long period of facing downwards pressure, Bitcoin’s bulls finally caved in to the selling pressure, which sent BTC reeling into the $10,000 region. This drop sent the aggregated crypto markets plummeting lower, which may spell significant trouble for the year ahead. Now, analysts are noting that Bitcoin is highly likely to extend this…
Last week, the crypto market was blessed by a historical event: Bitcoin and Libra were both mentioned in name by the sitting American President. Related Reading: Analyst: Bitcoin Could Hit $9,000 Should Bearish Breakdown Occur; Here’s Why In a three-part thread, Donald Trump lambasted cryptocurrencies as a whole. Per previous reports from NewsBTC, the American…
Crypto currency markets have slumped almost $20 billion as bitcoin and its brethren continue to slide this weekend. The digital avalanche picked up pace around an hour ago when BTC fell through resistance and $11,000 dragging all of the altcoins into the quagmire with it. BITCOIN BACK BELOW $11k Bitcoin bounced back to resistance at…
A “discussion draft” bill set out to spell doomsday on the dreams of many financial technology projects is making rounds on Crypto Twitter. Unconfirmed yet unsettling, the “Keep Big Tech Out of Finance” bill proposes to “prohibit large platform utilities” from becoming a financial institution or getting affiliated with a person that runs a financial institution.”…
There was a major drop in bitcoin price after it broke the $12,000 support against the US Dollar. The price is currently holding the key $10,800 support area, but it remains at a risk of more losses. There was a break below a key bullish trend line with support at $12,100 on the 4-hours chart…
Bitcoin and the entire cryptocurrency markets have been caught in the throes of volatility as of late, which has resulted in the formation of a period of consolidation for BTC. This period of consolidation has left many traders scratching their head as to where it is heading next, but analysts are now noting that the…
Bitcoin (BTC) has undoubtedly been trading in a parabolic pattern since bottoming in December at $3,150. The past few months have seen the cryptocurrency market absolutely explode, posting new highs every other week. Until now anyway. Related Reading: Keiser: $100,000 BTC as Trump’s Anti-Bitcoin Tweet to Drive US-Skeptic Nations to Crypto As of the time…
Although Bitcoin and the aggregated crypto markets have been facing a bout of significant volatility over the past few days, while zooming out and looking at its long-term performance, it is clear that BTC is still in a firm uptrend throughout the course of 2019. Now, one prominent figure within the crypto industry is noting…
Another week, another round of Crypto and Bitcoin Tidbits. The past week was rather tumultuous for the cryptocurrency market. BTC traded everywhere from $10,800 to $13,200, causing dramatic shifts in the sentiment of investors across the board. Per the time of writing this, many analysts have begun to lean bearish, as Bitcoin and other cryptocurrencies…
Bitcoin price tested the $11,000 support level and recently recovered higher against the US Dollar. The price recovered close to the $11,900, but upsides remain capped below $12,000. There is an ascending channel forming with support near $11,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could start a…