Bitcoin price extended its upward move and traded to a new all-time high near $29,250 against the US Dollar. BTC is likely to continue higher towards the $30,000 level. Bitcoin is gaining bullish momentum above $28,400 and it broke the $29,000 level. The price traded as high as $29,274 and settled well above the 100…
Bitcoin nearly tapped $29,000 this morning as the bull run has continued. The leading cryptocurrency is up 5% in the past 24 hours, having pushed from the $27,000 region to $28,900 in the latest leg higher. Bitcoin currently trades for $28,750 as bulls have failed to surmount the $29,000 resistance. Chart of BTC's price action…
Bitcoin has been the best performing major cryptocurrency by far, with most large altcoins severely underperforming it throughout the past few days and weeks. While many investors allocated serious capital to altcoins in hopes of smaller tokens being a higher beta play that outperform BTC, the benchmark cryptocurrency’s massive upswing has sucked all the oxygen…
Bitcoin has undergone a strong rally over the past 24 hours. The cryptocurrency is up 8% in the past 24 hours alone, pushing from the $27,000 range to $28,500 now. The leading cryptocurrency set a new all-time high just a number of minutes ago above $28,500, pushing to $28,600 on top exchanges. This was marked…
Bitcoin has been explosive all of 2020, and while certain altcoins like Ethereum and a slew of DeFi tokens have outperformed the top cryptocurrency this year, altcoins overall have been a disappointment compared to past cycles. Those who lived through past cycles, expected altcoins to take off the moment Bitcoin surpassed its previous peak. But…
Bitcoin’s uptrend over the past few months has been historic, with bulls taking full control of its price action and sending it from sub-$10,000 lows in late summer to highs of $28,500 just a few days ago. After reaching these highs, the cryptocurrency’s uptrend stalled, with the past few days mainly consisting of consolidation as…
Bitcoin price is facing a strong resistance near the $27,300 area against the US Dollar. BTC could correct lower towards $26,000 or $25,500 in the near term. Bitcoin seems to be struggling to gain bullish momentum above the $27,300 barrier. The price is currently trading above the $26,500 support and the 100 hourly simple moving…
Bitcoin is in price discovery and each day sets a new all-time high. But despite the soaring prices well above the previous record, altcoins have barely moved in comparison. However, traditional finance will soon move profits and diversify, and when they do, one chartered financial analyst claims it’ll be into DeFi tokens, and not Ethereum…
Bitcoin recently posted what is widely described as a so-called “blow-off top” when it rallied to highs of $28,500 before facing an instant rejection that sent it tumbling down to $26,000. The support at this level was significant and has proven to be a strong base it has since rebounded off. As such, the possibility…
Bitcoin price started a downside correction from the $28,360 high against the US Dollar. BTC remained well bid above $26K, and it is likely to resume higher towards $28K. Bitcoin is showing a lot of positive signs above the $26,000 support zone. The price is currently trading above the $26,500 support and the 100 hourly…