Bitcoin price is consolidating below the $46,000 zone against the US Dollar. BTC could start a major decline if it breaks the $44,200 support zone in the near term. Bitcoin is facing a major resistance near $46,000 and $46,200 levels. The price is now trading well below $46,000 and the 100 hourly simple moving average.…
Bitcoin adoption is indeed ramping up in recent months. From retail outlets announcing users can checkout using their bitcoins to El Salvador officially accepting bitcoin as a legal tender, there is no doubt that bitcoin is headed for mainstream adoption. Coming hot on the heels of recent news of adoption is a peculiar situation with…
Some Bitcoin indicators show similarities between the post-ATH price action and current trend, implying that there will be one last push up before a bigger drop. Indicators Might Show Today’s Price Action Is Similar To That After $64.5k ATH As explained by a CryptoQuant analyst, there seem to be many similarities between the Bitcoin indicators…
After this week’s flash crash in Bitcoin and altcoins, sentiment is back to being bearish just like that. Bears are taking an “I told ya so” tone all over social media, pointing to early 2018’s “dead cat bounce” as evidence of the bear market to come. But according to a pitchfork channel tool drawn across…
Bitcoin on-chain data shows the exchange reserve indicator looks different for the current selloff when compared to the May crash. Bitcoin Spot Exchange Reserve Continues To Decline Despite The Huge Dip As pointed out by a CryptoQuant post, the BTC reserve on spot exchanges has actually declined amidst the current price dip. The Bitcoin all…
Bitcoin price is consolidating above the $46,000 zone against the US Dollar. BTC is must clear $47,500 and $48,000 to start a steady increase in the near term. Bitcoin is facing a major resistance near $47,500 and $48,000 levels. The price is still trading well below $48,000 and the 100 hourly simple moving average. There…
Bitcoin has been moving sideways in the past day after a 20% dropped at the start of the week. The first cryptocurrency by market was showing strong conviction to the upside, but ultimately the excessive greed in the market could have played against the bulls. At the time of writing, Bitcoin trades at $46,875 with…
Bitcoin has suffered heavy losses along with most of the crypto market following the flash crash that happened on El Salvador’s “Bitcoin Day”. The digital asset has been trying to recover from this loss since it occurred two days ago on September 7th. Part of the cause of the crash has been attributed to a…
Part of what is so special about Bitcoin is the fact that is it inclusive to all, and never in the past required the participation of “smart money” and institutional traders. But to become a multi-trillion dollar asset as it is destined to, bigger players had to get involved to take things to the next…
Bitcoin price declined over 15% and tested $42,000 against the US Dollar. BTC is recovering, but it could face sellers near the $48,500 and $49,000 resistance levels. Bitcoin started a major decline below the $50,000 and $48,500 support levels. The price is now trading well below $50,000 and the 100 hourly simple moving average. There…