There is no better time to accumulate an asset than when it its price is on the floor. Bitcoin has certainly been in that position for the past four months as it has failed to break major resistance at $4,000 and lulled around this price level. UTXOs Higher Than January 2018 That is not to…
Crypto markets cooling as the week ends; Cardano, Tezos and BAT climbing, Maker pulling back. Crypto markets are ending the week on a high but it remains to be seen if the momentum will continue into the weekend. Total market capitalization has remained over $140 billion but resistance levels still appear too strong for the…
Bitcoin price spiked higher and tested the main resistance at $4,050 against the US Dollar. The price is currently correcting lower, but dips remain supported near $4,000. There is an expanding triangle formed with resistance near $4,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip towards the…
As the crypto market begins to establish strong support and find its bottom, the influx of new capital is looming on the horizon, just waiting for Bitcoin price and the rest of its altcoin brethren to break upward into a new bull cycle. When analyzing charts, traders have discovered a wide volume gap above overhead…
Bitcoin price stable below $4,200 Bitcoin market cap share is 52 percent Transaction volumes low but bullish divergence could help lift prices Most crypto exchanges are deliberately inflating volumes according to a follow up analysis by Open Market Cap (OMC). After making their findings public, OMC concludes that Bitcoin trade volumes are up-to 6X those…
Last year, the narrative was that institutional money was going to wrest cryptocurrencies from bears’ grasps. This year, it seems that investors are latching onto the impending Bitcoin (BTC) block reward reduction (halving), which will reduce natural selling pressure on the crypto market. A leading analyst claims that the auspicious event, slated to occur in…
Cryptocurrency exchanges are charging their customers more than what an average mainstream stock exchange does, according to Alex Krüger. The cryptocurrency analyst broke down the fee structure of some of the most popular crypto spot trading platforms. He compared the commissions charged for the lowest volume trades with those imposed by traditional brokers and exchanges,…
Bitcoin price extended gains above the $4,000 level and tested $4,040 against the US Dollar. The price started a downside correction after trading as high as $4,037. There was a break below a short term bullish trend line with support at $4,015 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
Bitcoin, according to one economist, is the fastest and highest rising asset of all time, thanks in part to its speculative nature, near endless potential, and to the built-in difficulty adjustment that throws off supply and demand balance which in turn increases Bitcoin price. Due to these factors, the digital asset often experiences massive volatility,…
Bitcoin has once again been able to reclaim its position above $4,000 after briefly dipping into the $3,900 region earlier this week. Today’s move places BTC back into its previously established trading range between approximately $4,000 and $4,100. Although today’s upwards move is certainly positive, the cryptocurrency has still been unable to surge past $4,100,…