Bitcoin (BTC) bulls are firm, adds 4.2 percent Slashing rates and weakening the USD is bullish for BTC Because of Trump’s pressure on the Federal Reserve, the central bank could end up cutting interest rates. According to Pompliano, such a lax monetary policy could see capital flow to Bitcoin. In turn that will lift prices…
The Bitcoin correction was short lived to say the least. Only three candles closed below $10k on the hourly chart and one briefly dumped to $9,600, 30 percent down from the recent high. Looking at previous market cycles may give us a clue as to when this may happen again … and it could be…
There was a steady rise in bitcoin price and it tested the $12,000 resistance level. It traded as high as $12,053 and is currently correcting gains towards $11,600. There is a new connecting bullish trend line forming with support near $11,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…
The total crypto market cap climbed further higher and broke the $310.0B resistance area. Bitcoin price extended its upward move and climbed towards the key $12,000 resistance. Binance coin (BNB) price is currently trading with a positive bias above the $32.50 support. Litecoin (LTC) price is struggling to move above the $122 and $124 resistance…
After experiencing a bout of downwards pressure that had erased many of the gains that Bitcoin and the aggregated crypto markets had incurred as of late, BTC’s bulls once again came out swinging and propelled the cryptocurrency significantly higher. Now, analysts are noting that historical patterns signal that this latest pullback was simply part of…
The long awaited correction target of thirty percent has been hit but yet again, Bitcoin has shown monumental resilience bouncing back by over $1,800 in a matter of hours. A buying frenzy at four figures resulted in a return to $11k as the correction seemingly came and went in one quick flash. Bitcoin Bounces Back…
Bitcoin (BTC) sinks 5.1 percent in the last day Holders are steadfast, 21.5 percent of all BTC in circulation static in the last half a decade In an independent research, Delphi Capital now reveals that holders are unmoved even by the recent Bull Run. Overly, it is a good sign that over 21.5 percent of…
After a solid rally there will always be a correction, it is in the nature of markets. Bitcoin’s parabolic surge to just under $14,000 in barely three months had to end somewhere and this week that pullback has deepened. Most are confident that a new bull market has been established so new buyback zones are…
There were continuous losses in bitcoin price below the $10,500 support against the US Dollar. The price even broke the key $10,000 support and traded to a new weekly low. There is a major declining channel forming with resistance near $10,270 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…
Bitcoin and the aggregated crypto markets have once again extended their downwards movement that first began when BTC hit $13,800, which now appears to be a local top that may hold for the near future. Related Reading: Bitcoin Breaks Parabola With Big Downtrend, a BTC Correction Inbound? Despite this, Bitcoin is fundamentally robust currently, which…