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…
This week, Bitcoin broke through key overhead resistance at $4,200 and rallied nearly $1,000 in a matter of an hour to over $5,000. The powerful rally may have signaled the end of the bear market that has been plaguing Bitcoin and altcoins for over a year, setting a higher high and capturing the attention of…
After 72 hours of nearly non-stop crypto hype, the market took a proverbial chill pill on Thursday, as buying pressure slightly subsided across the board. As a result of this, Bitcoin (BTC) fell from $5,300 to $4,800 as of the time of writing this, leading to a similar, if not more exaggerated collapse in other…
The best time to accumulate is when prices are low. Even though Bitcoin has had a huge rally this week the digital asset is still 75% down from its all-time high. Looking at previous accumulation periods may offer some insight into the current market situation. 200 Days of Accumulation Last time Bitcoin went through a…