Bitcoin has been caught in one of the strong uptrends seen since its parabolic rally first began in late-2020 The cryptocurrency has been seeing tremendous growth as of late that has come about primarily as a result of multiple signs of mainstream adoption Examples of this include Tesla’s decision to add $1.5b worth of BTC…
Bitcoin today blasted through local resistance and set an all-time high price record. The powerful move came after a short-lived drop downward yesterday, providing enough short-sellers to pose as fuel to push prices higher. What also contributed to the “rocket fuel” was a sudden increase of stablecoins, which whales are finally taking full advantage of…
Bitcoin price started a downside correction below $46,000 against the US Dollar. BTC is now consolidating above the $43,800 support and the 100 hourly SMA. Bitcoin failed to stay above the $47,000 level and corrected below $46,000. The price is holding the $44,000 level and the 100 hourly simple moving average. There was a break…
The latest Bitcoin uptrend is its most powerful yet, and while momentum has clearly been up for some time, an ominous sell signal has appeared. And while the cryptocurrency has shown little signs of slowdown, the top-sniping signal that perfectly called the 2019 peak is back again. Will this sequence-based signal result in near flawless…
Bitcoin price started a downside correction after trading to a new all-time high near $48,308 against the US Dollar. BTC is now consolidating gains and it is likely to continue higher above $47,000. Bitcoin traded to a new all-time high at $48,308 before correcting lower. The price is now well above $45,500 and the 100…
The leading cryptocurrency continues to absorb any and all capital in its path, causing its price and market cap to expand. The recent uptrend and price appreciation in Bitcoin has caused the asset to outrank the Russian ruble in terms of total market cap. Here’s why the cryptocurrency continuing to rise the global currency list…
With only a 30% pullback on the books, it is hard to consider the most recent consolidation phase in Bitcoin much of a correction. But whatever base is currently being built within this range, could act as the next bear market botton after the leading cryptocurrency by market cap tops out and the cycle restarts…
Bitcoin has seen wild price action over the past couple of days, with the cryptocurrency posting its most extensive ever 1-day candle yesterday following news of Tesla’s BTC purchase This candle, which spanned from the upper-$30,000 region all the way to highs of $47,000, has yet to be reversed, as bulls have maintained their control…
Bitcoin price started a strong surge above the $42,000 resistance against the US Dollar. BTC traded to a new all-time high near $47,500 and it remains supported for more gains. Bitcoin started a strong increase above the $40,000 and $42,000 resistance levels. The price is now well above $45,000 and the 100 hourly simple moving…
Bitcoin price rose over $5,000 today due to a powerful surge of FOMO, driven following the news that the Elon Musk-led Tesla had added $1.5 billion in BTC to its company reserves. The strength of today’s buying frenzy has pushed the daily Relative Strength Index back above a key level. A close above it could…