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…
Following the recent bullish momentum experienced by the entire cryptocurrency markets that was driven by bullish Bitcoin (BTC) price action, the markets have now experienced a somewhat minor pullback that has led most cryptos to drop. Although the markets are currently taking a breather, one widely used indicator may signal that Bitcoin is ready to…
Bitcoin prices register double digit gains and steady above $5,000 An analytical firm notes a spike in wallet active just before the spike. Heightened cryptocurrency wallet activity could have triggered recent price rally. Analytical firm says that only 10 percent of Bitcoin wallets were inactive in the last two weeks leading up to the price…
It only took a day for the Bitcoin bashers to emerge from their caves and start spreading fear, uncertainty and doubt again. After four months of inactivity crypto markets came alive again this week and headed upwards to reach new 2019 highs. This was enough it seems for the mainstream media dogs to start spewing…
Bitcoin price settled above the key $5,000 hurdle and tested the $5,240 resistance against the US Dollar. The price faced a strong selling interest near the main technical barrier at $5,240-5,260. There is a major connecting bullish trend line formed with support near $4,200 on the daily chart of the BTC/USD pair (data feed from…
After yesterday’s monumental price surge that led Bitcoin to surge from the low-$4,000 region and past $5,000, there has been a lot of noise as to whether or not this move confirms the end of the persisting bear market – and if so, whether or not BTC will begin moving towards its late-2017 highs of…
Bitcoin (BTC) has continued to surge after incurring a massive influx of buying pressure that allowed it to smash through multiple levels of resistance that were previously seen as being critical in order for the cryptocurrency to see further gains. One prominent analyst now believes that Bitcoin’s latest price surge confirms that the persisting “Crypto…
Bitcoin prices uptick, up 22 percent Fundamentals and analyst signal buy Mark Dow says Bitcoin (BTC) is buyable, and true to his word, it is. The coin is up 22 percent in the last week thanks to today’s upswing thrusting the asset above $4,500. With favorable candlestick arrangements, Bitcoin (BTC) will likely test $6,000 in…
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).…