Key Points Bitcoin price corrected lower recently and traded below the $3,800 support against the US Dollar. There was a break above a short term declining channel with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely basing for a fresh upward move above the…
Key Points Bitcoin price struggled to gain pace above the $4,240 level and declined recently against the US Dollar. There was a break below a major bullish trend line with support at $4,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading below the $3,850 support and…
Key Points Bitcoin price traded higher and broke the $4,150 and $4,200 resistance levels against the US Dollar. There was a break above a major bearish trend line with resistance at $4,040 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading with a bullish bias and it…
Key Points Bitcoin price gained pace recently and broke the $3,580 and $3,780 resistances against the US Dollar. There is a major symmetrical triangle forming with resistance at $4,080 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break the $4,080 and $4,150 resistance levels to rally…
Latest Bitcoin News The 2018 bear market has been punishing, and despite falling prices, adoption is picking up. The number of Bitcoin-related transactions is on the rise and even rivaling those of MasterCard. Add that to the increasing number of Bitcoin ATMs, and it couldn’t be better. According to Data Light, Bitcoin teller machines are…
Key Points Bitcoin price extended gains and broke the $4,000 and $4,050 resistances against the US Dollar. Yesterday’s key bullish trend line is in place with support at $3,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating gains above $3,770 and it may continue to rise…
Latest Bitcoin News The crypto and Bitcoin market is resilient, surviving several obituaries over the years. From FUDs churned by mainstream media and economists as Tim Harford, Bitcoin continues to trudge, weathering the critic storm. At that time, BTC was changing hands at around 23 cents and enthusiast could “mine” BTC using a standard CPU…
Despite being in a bearish cycle this year, privacy coin Monero (XMR) is looking stronger on the demand front on a long-term basis. According to MoneroBlocks.info, an XMR chain explorer, miners have already mined 16,644,199 units against the total supply of 18.4 million XMR. The unearthing is scheduled to continue until May 31, 2022, by when…
Key Points Bitcoin price extended upsides and traded above the $3,580 and $3,650 resistances against the US Dollar. There is a key bullish trend line formed with support at $3,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains in a solid uptrend and it could rise towards $4,000…
Key Points Bitcoin price found support near the $3,125 level and later recovered against the US Dollar. There is a major bearish trend line formed with resistance at $3,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to correct towards $3,320 if there is an upside break…