Bitcoin is moving sideways in lower timeframes as the crypto markets continue to run without a clear direction. The first cryptocurrency by market cap trades at $47,837 with a 1.2% loss in the daily chart. BTC moving sideways in the daily chart. Source: BTCUSD Tradingview BTC’s price has been moving in a tight range during…
Bitcoin price started a steady increase above the $47,000 resistance against the US Dollar. BTC even broke $48,000 and it might continue to rise in the near term. Bitcoin started a steady increase above the $46,000 and $47,000 resistance levels. The price is now trading above $47,000 and the 100 hourly simple moving average. There…
Bitcoin transaction fees are usually an indication of how holders are moving their coins around. When the network gets congested due to a high number of transactions, the transaction fees go up, indicating a high volume of traffic on the network. Transaction traffic usually is high around bull markets when the price of the digital…
Bitcoin has now seen declining prices following the El Salvador Bitcoin law. The flash crash that had cleared at least $400 billion off the crypto total market cap has left lingering effects on the price of the digital asset. The price had plunged from $50,000 to $42,000 in less than an hour, leading to an…
The Bitcoin golden cross, a signal that has traditionally been a bullish indicator, is now official, according to a capital manager. The Famous Bitcoin Golden Cross Now “Official” According to a capital manager on Twitter, the Bitcoin golden cross is now official. This is only the eighth time in the history of the coin that…
Bitcoin price started a decent increase above the $46,000 resistance against the US Dollar. BTC is now back above $47,000, but it is facing hurdles near $47,600. Bitcoin started a steady increase above the $45,600 and $46,200 resistance levels. The price is now trading above $46,500 and the 100 hourly simple moving average. There was…
MicroStrategy has stuck to its bitcoin strategy through thick and thin. At this point, every dip seems to be a buying opportunity for the firm, which has completely thrown its weight behind bitcoin. Its CEO Michael Saylor is a maximalist that believes the future is bitcoin. MicroStrategy has been upping its bitcoin investment through the…
Bitcoin price is facing hurdles near the $46,000 zone against the US Dollar. BTC could start a major decline if it continues to struggle near the $46,000 zone. Bitcoin is facing a major resistance near $45,600 and $46,200 levels. The price is now trading below $45,500 and the 100 hourly simple moving average. There is…
On-chain data shows Bitcoin exchange reserves have hit the lowest value in 3 years, here’s what it might mean for BTC’s price. Bitcoin Exchange Reserves Lowest In 3 Years As Negative Netflows Continue As pointed out by a CryptoQuant post, exchange reserves have been continuing their downtrend, and have now reached lows not seen since…
Bitcoin price today has been more volatile than normal, and that’s a statement in and of itself. The normally notoriously explosive cryptocurrency rocketed more than $2,000 and nearly 5% this morning, only to then plummet and wipe out the entire rally and then some. The fall took the cryptocurrency down by more than 7% and…