Bitcoin price action is fickle lately, moving mostly sideways with a number of unsuccessful breakout attempts. The fact that $30,000 simply won’t break brings back memories of bear market support at $6,000 – which after a full year finally broke down to the real bottom. The leading cryptocurrency by market cap did something similar after…
Bitcoin price continues to struggle to regain any type of bullish momentum, and keeps grinding at repeatedly tested support. In the past, when this happens, the support ultimately breaks down and a cascade of liquidations begin. However, there’s a bullish signal brewing that is thus far the best hope for further continuation to the upside.…
Bitcoin price is correcting gains from well above $35,000 against the US Dollar. BTC is approaching a major suppot near $32,350, where the bulls might take a stand. Bitcoin started a downside correction from the $36,650 zone. The price is now trading below $34,500 and the 100 hourly simple moving average. There is a key…
Because of its volatility, the Bitcoin market is a new market every day. The outcome is always surprising, no matter how well one predicts the future. This time, though, the situation appears to be a little different, since Bitcoin may have just verified top analysts’ notion. BTC’s price increased on the 4-hour chart, and it…
The next 6 months will make or break S2F, the most famous Bitcoin model, says PlanB who popularized the method. The Stock-To-Flow Model The S2F model is a simple method used to predict asset prices. PlanB first posted a chart for Bitcoin based on the technique back in 2019. Here is new chart based on…
Bitcoin price failed to stay above the key $35,000 support zone against the US Dollar. BTC is declining and it could slide heavily if there is a close below $34,000. Bitcoin started a fresh decline from well above the $36,500 level. The price is now trading near $34,500 and the 100 hourly simple moving average.…
The U.S. Congress Oversight and Investigations Subcommittee held a hybrid hearing on Bitcoin and cryptocurrencies. The institution summoned Alexis Goldstein, Director of Financial Policy for the Open Market Institute, Sarah Hammer, Managing Director at the Stevens Center for Innovation in Finance, Peter Van Valkenburgh, Director of Research at Coin Center, and others. Adam Cochran, a…
Today, June 30 marks the last day of the month, and after around 8PM ET the Bitcoin monthly candle will come to a close. This monthly candle isn’t anywhere as damaging as this past May, which historically was one of the worst on record. However, there’s no denying that this month was also still fairly…
Bitcoin price extended its recovery above the $36,000 zone against the US Dollar. BTC topped near $36,700 and it is now correcting gains. Bitcoin started a fresh increase above the $35,000 and $36,000 resistance levels. The price is now trading nicely above $35,000 and the 100 hourly simple moving average. There is a major bullish…
Bitcoin price is trading at around 50% down from 2021 highs set around the Coinbase stock market debut. According to data, the rally fueled by institutions finally getting into crypto came to an end by the same entities who drove up prices in the first place. Here’s why institutions left the crypto market and retail…