No. Way. Bitcoin (BTC) just hours ago moved above $6,700 and even flirted with $6,800 on some crypto exchanges. Although many have been absolutely enamored with this move, some have been left asking: Is the cryptocurrency moving too far too fast? Let’s take a look at some analysis. Related Reading: Analyst: Bitcoin Above $6,400 Confirms…
Bitcoin price extended gains above the $6,400 and $6,440 resistance levels against the US Dollar. The price tested the key $6,500 resistance level as discussed in yesterday’s analysis. Besides, yesterday’s highlighted important bullish trend line is intact with support at $6,060 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…
Bitcoin (BTC) surge, blast above $6,000 The US SEC considering another ETF application It’s a new milestone for Bitcoin. After Q4 2018 steep losses, Bitcoin (BTC) is trading above $6,000 for the first time in more than five months. Even so, we expect more upsides, and with the US SEC considering another ETF application, prices…
After a rough week for crypto, Bitcoin managed to defy expectation by breaking $6k resistance. With this, Bitcoin dominance is also up, to 58% at the time of writing, a level not seen since the last bull run. Naturally, Bitcoin maximalists are pleased with how 2019 is panning out so far, but what does this…
Back in the build up to the massive bull run at the end of 2017 Bitcoin and altcoin markets were inversely correlated. One would surge at the expense of the other as traders switched between the two assets. Now that we have so many stablecoins to choose from, that correlation should have diminished but today…
Crypto markets make a new yearly high; Bitcoin surging to $6.3k, Litecoin lifted but the rest of the altcoins get eaten. The end of the week has seen crypto markets hit another new high for 2019. Bitcoin is pushing things higher as it eats away at the altcoins and itself posts new highs for the…
Bitcoin price was unfazed and it recently broke the $6,200 resistance level against the US Dollar. The price even broke the $6,300 level and it seems like the bulls are now aiming $6,500. There is a major bullish trend line forming with support at $6,050 on the hourly chart of the BTC/USD pair (data feed…
The last crypto bull run brought Bitcoin into the lime light and public eye, and took the price of the digital asset skyrocketing to its all-time high price of $20,000. Yet somehow, the current Bitcoin rally has caused the MACD histogram to become extended more so than any time during the previous bear and bull…
The crypto community was pleased to find that Bitcoin was able to surge past $6,000 for the first time since the cryptocurrency plunged to its 2018 lows of $3,200 in December. Analysts are now closely watching the $6,400 level to see how the crypto responds to this price, as many analysts believe that there is…
A congressman with a track record of bashing crypto has come out once again calling for a ban on digital assets. Republican Brad Sherman supposedly raised the idea earlier today in Congress. This is not the first time this week that someone has called for a ban on digital assets. However, without a huge international…