MicroStrategy has become one of the biggest forces of constant buy pressure on Bitcoin, being an impetus for it seeing serious gains as of late The cryptocurrency’s price action may have been bolstered by their latest bout of buying, which was announced earlier today While the cryptocurrency was still trading around $22,000 before its rally…
Bitcoin price is holding gains above $23,000 and $23,200 against the US Dollar. BTC is showing positive signs and it seems to be preparing for more upsides above $24K Bitcoin is trading nicely above the $23,000 and $23,200 support levels. The price is currently trading near $23,800 and it is well above the 100 hourly…
Bitcoin has faced some intense selling pressure following its recent rally past $24,000, but bulls were able to thwart it from seeing any intense selloff as its price navigates back up to this key level. BTC’s continued reaction to this level should provide buyers with some serious insights into where it may trend next. A…
Tesla and SpaceX chief executive Elon Musk just mentioned Bitcoin again in a cheeky tweet published just minutes ago. Referencing comments he made previously about the leading cryptocurrency, Musk quipped “Bitcoin is my safe word.” Bitcoin is my safe word — Elon Musk (@elonmusk) December 20, 2020 In January, the billionaire said that the leading…
Bitcoin price extended its rise and traded above $24,000 against the US Dollar. BTC is currently correcting lower and it could find a strong support near $23,000 or $22,780. Bitcoin rallied further and it traded to a new all-time high above the $24,000 level. The price is now correcting below $23,500, but it is well…
Bitcoin broke well above $20,000 this week, signaling that the bull market was real and that the cryptocurrency was likely to go parabolic in the very near term if it hasn’t already. The breakout was supported by the highest “Real Volume” since the June 2019 high. High volume during a breakout is a sign that…
At this point, no one can deny that Bitcoin has begun a new bull market. The 500% rally and new all-time high in 2020 is all the evidence that is needed. But that doesn’t mean that corrections won’t soon come, and according to VanEck’s digital asset director, Gabor Gurbacs even a +50% price drop will…
Bitcoin has been caught in the throes of an immense bullish trend throughout the past several days, with buyers in full control of its price action as the cryptocurrency puts some serious distance between its recent lows. It is important to note that the recent rejection at $23,700 proved to be quite significant for the…
Bitcoin price extended its rally above $21,500 and $23,000 against the US Dollar. BTC traded to a new all-time high near $23,215 before correcting gains. Bitcoin started a short-term downside correction after trading as high as $23,715. The price is currently holding the $22,350 support and it is well above the 100 hourly simple moving…
Bitcoin has undergone an extreme rally over the past few days, pushing from $19,000 to $23,800 at the highs. The cryptocurrency has since corrected to $23,000 as consolidation has begun after this massive thrust higher. Data shows that there were some whales that were not too excited about this rally. In fact, order book data…