The bulls are given signs of conviction, as Bitcoin reclaims more ground. At the time of writing, BTC’s trades at $36,267 with sideways movement in the 1-hour chart and moderate gains in the 7-day and 30-day chart with 14.2% and 4.2%. BTC pushes into resistance in the daily chart. Source: BTCUSD Tradingview Some traders have…
Bitcoin price climbed higher and it settled above the $34,000 level against the US Dollar. BTC is likely to continue higher if it settles above $35,000 in the near term. Bitcoin started a fresh increase above the $33,500 and $34,000 resistance levels. The price is now trading nicely above $34,000 and the 100 hourly simple…
For the past 2 months, Bitcoin has undergone a significant downtrend. The price of the first cryptocurrency by market cap has dropped from an all-time high of $64,000 to its current levels at $34,100. BTC with minor losses in the daily chart. Source: BTCUSD Tradingview After such prolonged bearish price action, the general sentiment in…
Bitcoin has had a miserable couple of months since hitting a new all-time high this year. The asset recently broke the $30K resistance level last week and fell down to $28K. Before promptly recovering back up over $30K and trending upwards towards $34K. This is a critical resistance point for bitcoin. Breaking this price could…
The Bitcoin June candle close is ugly, and clearly shows indecision in the market. Is the bull market structure broken, or are new highs still likely this year? No one knows, and price action has reached a stalemate. However, the Ichimoku indicator could not only provide information on what happens if support holds or fails…
Bitcoin price regained strength for a fresh recovery and it broke $33,500 against the US Dollar. BTC is likely to continue higher above $35,000 in the near term. Bitcoin started a fresh increase after the bulls defended the key $30,000 support. The price is now trading nicely above $33,500 and the 100 hourly simple moving…
Bitcoin price is in a downtrend, after spending nearly a full year in a parabolic uptrend. An indicator bearing the “parabolic” name on monthly timeframes has given a signal, that according to past instances, has always resulted in a catastrophic fall in the top cryptocurrency by market cap. Even if the resulting selloff ends up…
Comparing past crypto cycles shows there is a clear pattern, and Bitcoin seems to be nowhere near the top right now. Bitcoin researcher Dor Shaher has pointed out on Twitter that there is consistency in the way correction periods have played out in previous cycles. Bitcoin Price Growth Since Cycle Low Here is a chart…
Ahead of the September 7 bitcoin law implementation date, El Salvador President Nayib Bukele has unveiled a new government crypto app. The government-issued app, which is known as Chivo, will be used to distribute the bitcoins to citizens. According to reports, every citizen that downloads and registers for the app are automatically eligible for the…