The 23 percent rally that sent the bitcoin price to its four-month high did not start with an April Fools’ Day joke. It is wise for analysts and financial professionals to look for clues behind any unnatural price action. It took bitcoin only one hour to break a plethora of strong resistance levels and claim…
Following over a year of falling prices and market cap, Bitcoin has finally broken resistance to lead a crypto rally. All but four coins in the top 100 are in the green, with many gaining double-digits. So far, Coinbases’s BTC/USD 1 hour chart shows a sustained upward trend, but given the unpredictability of crypto markets,…
Today’s $18 billion crypto market pump has been the news that everyone in the industry has been waiting for. The doom and gloom that has shrouded the ecosystem over the past six months or so has dissipated today as a ray of hope shines bright and new records are made again. Volume Hits $50 Billion…
Bitcoin price surged more than 15% and cleared the main $4,200 resistance against the US Dollar. The price rallied close to the $5,000 and $5,200 resistance levels, where sellers emerged. There was a break above a crucial contracting triangle with resistance at $4,200 on the daily chart of the BTC/USD pair (data feed from Kraken).…
Crypto markets surge to four month high; Bitcoin breaks resistance and hits $5,000, all cryptos pulled up. The moment we have waited for has arrived; Bitcoin has lifted off and smashed through resistance. Crypto markets are pumping at the moment as total market capitalization surges past $160 billion, led by the big daddy itself. The…
All eyes are on Bitcoin as it brushes up against powerful downtrend resistance, while straddling the top of the current trading range the cryptocurrency has been locked in throughout all of 2019. While a number of crypto analysts and traders are anticipating a rally, a massive sell order has appeared that is currently keeping prices…
A Switzerland-based publishing house is willing to dump fiat currency for a comparatively volatile cryptocurrency in bitcoin. Netzmedien AG announced today that it would begin paying off all wages in bitcoin effectively. The decision followed the company’s earlier plans to convert half of its assets to cryptocurrencies. As the top executives went closer to deploying…
At long last, the crypto asset market has begun to get back on its feet after 2018’s harrowing decline. Technical indicators are seemingly falling in place for a recovery, and fundamentals have begun to present a positive precedent for Bitcoin (BTC). In fact, one analyst writes that there is currently a “perfect storm” being brewed…
After rapidly surging to above $4,200 before plummeting back below $4,100 on Saturday, Bitcoin (BTC) has been able to incur some upwards momentum that has allowed it to tepidly move above $4,100. It is important to note that Bitcoin’s strongest level of resistance exists at $4,200, but analysts are expressing cautious optimism regarding the current…
Over recent weeks, Bitcoin (BTC) has embarked on a slow and steady uptrend, moving convincingly off the mid-$3,000s. With the crypto asset recently holding above $4,000 on the back of an influx of volume, some are sure that bears in this market are ready to bite the dust. But according to a popular trader, bears…