After a strong rejection at $14,000, Bitcoin’s parabolic rally has been cut short, and the leading crypto asset by market cap is taking a much needed pause and correction after bringing investors over 300% gains since the start of 2019. But after a flash crash stopped the rally in its tracks, Bitcoin price has been…
Yesterday, on the United States holiday dubbed Independence Day, the price of Bitcoin fell from $12,000 to just over $11,000 from daily candle open to close, providing fireworks for traders who spent the day in front of price charts instead of being poolside at a barbecue sipping on a cold Budweiser. However, in previous holidays,…
Bitcoin (BTC) may be a non-sovereign crypto asset, but its future was recently cemented with a single tweet from a world leader. On Wednesday morning, Donald Trump, the incumbent President of the United States, issued an impassioned message on his favorite social media platform. Related Reading: Circle CEO: Crypto “Mega Trend” is Here to Stay,…
Bitcoin is yet again at a critical inflection point, where the days ahead may determine the trend for the coming months and potentially years in the crypto market. After a flash crash stopped Bitcoin’s parabolic advance short ahead of setting new all-time highs, many fear that the rally may be ending and will test lows…
At times, taking a contrarian stance in financial markets can be rewarding, other times it’s a fools game trying to go against the trend, and in crypto and Bitcoin markets that offer little liquidity by comparison against stocks, both the risk and reward are significantly amplified. That’s why investors stand to gain substantially by being…
Bitcoin (BTC) bulls are firm, adds 4.2 percent Slashing rates and weakening the USD is bullish for BTC Because of Trump’s pressure on the Federal Reserve, the central bank could end up cutting interest rates. According to Pompliano, such a lax monetary policy could see capital flow to Bitcoin. In turn that will lift prices…
Bitcoin’s revival is considered to be Facebook’s Libra doing. The social media’s giant sudden foray into the cryptocurrency industry gave bitcoin, as many believe, a perfect reason to grow its valuation. That is until one considers a simultaneous price rally that took place in the gold market. Bitcoin’s rise above the $13,000 level has only…
Since April this year, significant moves by Bitcoin has seen the price pump from $4,100 to almost $14,000. Once again, cryptocurrencies are gracing the home pages of mainstream media outlets, and public interest is duly peaked. Sentiment on whether crypto winter is indeed over still divides opinion, but Fundstrat’s Thomas Lee continues to push a…
The Bitcoin correction was short lived to say the least. Only three candles closed below $10k on the hourly chart and one briefly dumped to $9,600, 30 percent down from the recent high. Looking at previous market cycles may give us a clue as to when this may happen again … and it could be…
There was a steady rise in bitcoin price and it tested the $12,000 resistance level. It traded as high as $12,053 and is currently correcting gains towards $11,600. There is a new connecting bullish trend line forming with support near $11,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…