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…
Key Points Bitcoin price traded to a new yearly low at $3,126 and later corrected a few points against the US Dollar. There was a break above a key bearish trend line with resistance at $3,220 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps correct higher in…
Key Points Bitcoin price failed to break the $3,475 and $3,485 resistance levels and declined against the US Dollar. There was a break below an ascending channel with support at $3,405 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may continue to move down towards $3,255 or it could…
There have been no winners in crypto land this year, everything has been battered. Some have fared better that others, however, and Bitcoin remains on top of the pile despite having lost half its value over the past month or so. Highest Dominance For Three Months Bitcoin dominance has made it to a three month…
Key Points Bitcoin price is under pressure below the $3,500 and $3,520 resistance levels against the US Dollar. Yesterday’s highlighted crucial bearish trend line is intact with resistance at $3,520 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may continue to find a strong resistance near the $3,500 and…
The cryptocurrency markets posted slight gains over the weekend and have recovered slightly from last week’s dip that sent most cryptocurrencies, including Bitcoin, to fresh yearly lows. Despite the current price action being seen as capitulation by some investors, one analyst claims that the crypto bear market is still far from over. At the time…