Ever since the start of April when Bitcoin price rallied nearly a grand in roughly an hour, bullish sentiment has returned to the crypto market, and many have begun confidently calling the bottom as in. Following the massive price surge, Bitcoin price has consolidated above $5,000, and is forming an extremely bullish pattern on price…
For the past twenty days cryptocurrency markets have hold on to gains and formed new trading ranges. In terms of total market capitalization this is between $170 and $185 billion with Bitcoin holding above $5,000. More analysts, using previous chart patterns as a guide, are of the opinion that this consolidation could continue for several…
Has Bitcoin (BTC) bottomed? This is the question that has pained crypto investors since BTC plummeted to $3,150 in the middle of December. While some, especially those subscribed to the Hyperwave theory, claim that cryptocurrencies are poised to head lower, a leading analytics researcher claims that if historical trends are followed, the bears have already…
I’m sure you’ve heard the popular adage: “great minds think alike.” While this seems true in scientific contexts, in the case of finance, even cryptocurrencies, this is far from the case. Some of the greatest minds in Bitcoin (BTC) analysis recently convened in a Skype room to discuss if the bottom is truly in. Over…
In the eyes of analysts across the board, Bitcoin (BTC) decidedly bottomed at $3,150. They cite the fact that at $3,150, BTC was down 85% from its all-time highs, which is where the crypto asset has bottomed in previous cycles, coupled with the idea that industry fundamentals are better than ever. And so far, this…
The crypto markets have dropped slightly today after tepidly climbing higher over the past week. Despite this, Bitcoin (BTC) has been able to firmly establish its position within the $5,000 region and has not incurred any significant selling pressure after climbing towards $5,300. Although many analysts are currently looking towards freshly formed levels of support…
All eyes may be on Bitcoin (BTC), but other crypto assets have seen their fair share of gains since the start of 2019, sparking calls that what is known as “altseason” is right on the horizon. Per one prominent industry analyst, this cyclical industry event, which sees altcoins dramatically outperform the de-facto cryptocurrency lead, may…
Although the crypto markets are currently caught in a bout of sideways trading, many analysts and investors are closely watching some newly formed technical levels for insight into where Bitcoin (BTC) is heading next. While looking through a long-term lens, however, the recent price gains the markets have incurred will (hopefully) be a drop in…
The previous bitcoin bubble has popped, and a new one is already forming, at least according to the Crypto Monk. The hugely-followed bitcoin and altcoin trader today compared bitcoin’s price performance to the classic lifecycle of a stock bubble. Just like its traditional counterparts, the bitcoin price bubble too had begun with a stealth phase, when…
The latest bitcoin price rally pushed the cryptocurrency’s price above its average production cost, at least according to Alex Krüger. The crypto market analyst noted that bitcoin mining difficulty increased substantially following the asset’s so-called bottom formation on December 15, 2018, in $$3,100-3,200 range. That signified that more miners were entering the bitcoin economy despite layoffs…