After a minor hiccup, the bitcoin price is looking to resume its rally with a 3.37-percent surge this Sunday. The BTC/USD instrument was trading at $5,179, according to price average calculated by CoinMarket.com at 0910 UTC. Earlier on Friday, the pair had corrected lower to test $4,849 as potential support. The area saw buying orders outrunning…
Bitcoin price climbed into a crucial uptrend after it broke the $4,200 resistance against the US Dollar. The price surged higher and broke the $4,500 and $5,000 resistances before starting a downside correction. There is a significant ascending channel formed with support at $4,900 on the 4-hours chart of the BTC/USD pair (data feed from…
The crypto markets have continued to surge today, maintaining the upwards momentum that was first sparked when Bitcoin began to skyrocket from lows of $4,000. Today’s surge has led many cryptocurrencies to climb 3% or more, with some surging over 10%. Although today’s upwards momentum is certainly bullish, whether or not individual cryptos are able…
It isn’t a secret that last week’s price action has some convinced that the year-long crypto bear trend is coming to a head. In fact, Fundstrat’s in-house Bitcoin (BTC) optimist, Tom Lee, recently told Bloomberg that he adamantly believes that the cryptocurrency market can now be classified as a bull market, looking to the 200-day…
As the crypto markets head into the weekend trading session, Bitcoin has been able to maintain its upwards momentum, and has been able to continue its upwards ascent. Although BTC’s recent price action has been overwhelmingly positive as of late, it may still be caught in an accumulation phase. Assuming that Bitcoin’s current accumulation range…
Bitcoin price is likely preparing for the next key break above the $5,100 resistance against the US Dollar. Ravencoin (RVN) and loopring (LRC) gained more than 10% today. There is a key bullish trend line in place with support at $4,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…
The ongoing bitcoin price action could transform into a bull run as seen in December 2017, according to Kain Warwick. The chief executive at Blueshyft, an Australia-based payment processing service, noted an increase in their daily volumes a day after the bitcoin rally began. He confirmed that the activity was as high as it was…
Crypto markets consolidating at the weekend; Minimal movement but Monero leading the way. Crypto markets are still holding up as we enter the weekend. Gains made in Tuesday’s epic pump have held and total market capitalization remains above $175 billion as the majority of crypto assets are in the green again today. Bitcoin has remained…
Bitcoin price is consolidating and likely setting up for a fresh rise above $5,050 against the US Dollar. Ethereum, ripple, bitcoin cash and litecoin are trading with a positive bias above key supports. There is a major bullish trend line formed with support at $4,820 on the hourly chart of the BTC/USD pair (data feed…
Following the recent bout of volatility that the crypto markets have experienced, Bitcoin (BTC) has been able to maintain stability around the $5,000 level, which is proving to be a level of relative support for the cryptocurrency. Now, one prominent analyst and notable Bitcoin bear is flipping bullish on BTC, explaining that he would not…