Key Points Bitcoin price rallied above the $6,600 and $6,700 resistances and later reversed gains against the US Dollar. There was a break above a major bearish trend line with resistance at $6,310 on the hourly chart of the BTC/USD pair (data feed from Kraken). Tether (USDT) pairs rallied above the $7,000 and $7,500, but…
Key Points Bitcoin price found support near the $6,100 level and corrected higher against the US Dollar. There is a major bearish trend line in place with resistance at $6,325 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair must break the $6,325 and $6,390 resistance levels to move into…
The cryptocurrency markets posted some slight gains on Friday after seeing a massive selloff on Thursday that sent many altcoins down by more than 10% and pushed Bitcoin to its range support at $6,200. At the time of writing, Bitcoin is trading up slightly on the 24-hour chart, with a current price of just over…
Global economist Nouriel Roubini expressed his rage against Bitcoin and blockchain while displaying his profound lack of understanding in the field. A Political Rap against Crypto Roubini was present at an informational hearing round “Exploring the Cryptocurrency and Blockchain Ecosystem” organized by the US Senate Committee on Banking, Housing, and Urban Affairs, alongside Peter Van…
Despite its best efforts to keep crypto out of India, it appears that the Indian government is still not willing to completely exclude cryptocurrencies. According to the new announcement, India is making plans to launch its own digital currency. India Plans to Launch a Government-Backed Cryptocurrency One senior government official from a board created by…
Key Points Bitcoin price traded higher recently and broke the $6,600 and $6,620 resistance levels against the US Dollar. There is a major bullish trend line in place with support at $6,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to climb higher towards the $6,650, $6,700…
Key Points Bitcoin price formed a decent support near the $6,400 level against the US Dollar. There was a break above a major bearish trend line with resistance at $6,540 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is struggling to gain momentum above the $6,600 and $6,650 resistance…
Bitcoin’s volatility rates have hit a 17-month low, due to a combination of a slow news cycle and low trading volume, leading some investors to believe that the lack of volatility could signal a maturing market. Despite this, debate remains as to whether or not a stable Bitcoin is a positive sign for its future.…
Key Points Bitcoin price remained below the $6,600 resistance level against the US Dollar. This week’s followed important bearish trend line is still active with resistance at $6,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has to clear the $6,585 and $6,600 resistance level to gain traction in…
Key Points Bitcoin price broke the $6,540 and $6,520 support levels to move into a bearish zone against the US Dollar. Yesterday’s highlighted important contracting triangle was breached with support at $6,520 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair tested the $6,400 support level and it is currently…