Bitcoin and the aggregated crypto markets plummeted over the past day after BTC failed to stabilize in the $13,000 region and incurred a sudden influx of selling pressure that sent it spiraling downwards. Naturally, the world was quick to try to pin this drop on some concrete event – rather than some technical reason –…
Bitcoin and the aggregated crypto markets have continued to extend the downwards movement that they incurred yesterday, and BTC is now approaching its next region of psychological importance that exists around $11,000. Although some bulls may believe that this downwards move could simply be a flash in the pan that traps bears and fuels a…
The bitcoin price rally this week hit a snag as the world’s most powerful banker publicized his views on the Facebook’s upcoming cryptocurrency project. The BTC/USD instrument plunged by up to 15.43 percent to settle a session low of $11,169.36 on San Francisco-based Coinbase exchange. The move downside took place after the Federal Reserve Chairman…
Over the past four days, Bitcoin (BTC) has been through it all. After rallying to surpass $13,000 for the second time this year, the cryptocurrency paused, took a breath, then decisively lost steam as bulls failed to maintain momentum. As of the time of writing this, BTC sits at $11,300, down almost 13% in the…
Bitcoin price started a significant decline from the $13,200 swing high against the US Dollar. The price is down more than $2,000 and it even broke the $11,800 support area. There was a break below a major bullish trend line with support near $12,800 on the hourly chart of the BTC/USD pair (data feed from…
Since the start of April 2019 when Bitcoin rallied over $1,000 in a matter of a few minutes, the first ever crypto asset has taken the market by storm, capturing the attention of all crypto traders, investors, and analysts – but at the expense of the altcoin market. While hope for an “alt season” has…
Bitcoin (BTC) is up 14.6 percent Cryptocurrencies have a role to play in investment portfolios Despite skepticism, Bitcoin and cryptocurrencies are increasingly becoming part of investment portfolios. That’s notwithstanding their wild price fluctuations. At the time of writing, BTC is up 14.6 percent week-to-date. Fundamentals There are diverse opinions as far as what Bitcoin is.…
Another big move by Bitcoin has seen the king of crypto break a crucial level of resistance which could result in greater gains this week. There is no denying the momentum at the moment as altcoins continue to get devoured by an increasing BTC market dominance. Bitcoin Breaks $13,000 Looking at the closing candles when…
There was an upside extension above the $12,800 and $13,000 resistances in bitcoin price against the US Dollar. The price even traded close the second bullish target of $13,200 (as discussed yesterday). There is a major bullish trend line forming with support near $12,700 on the hourly chart of the BTC/USD pair (data feed from…
Bitcoin (BTC) has been in a firm uptrend for the past several months and has only recently found itself caught in a period of consolidation after it failed to break above its recently established 2019 high at $13,800. BTC’s upwards momentum has allowed it to incur strengthening technical formations, and analysts are now confident that…