Bitcoin’s price action has grown stagnant over the past few days and weeks, with the cryptocurrency struggling to gain momentum as bulls and bears battle for control of its near-term trend. Last week, the benchmark digital asset incurred some serious momentum after news broke regarding Square’s acquisition of $50 million worth of BTC. This news…
Bitcoin price extended its rise above the $11,500 resistance against the US Dollar. BTC is correcting lower from $11,700, but it is likely to find support near the 100 hourly SMA. Bitcoin broke the key $11,500 resistance level and traded to a new weekly high at $11,724. The price is currently correcting lower below $11,500,…
While central banks are embracing digital currencies, they still aren’t a fan of Bitcoin and other cryptocurrencies. The Bank of England’s recently-instated governor made that view clear just recently when he asserted that the leading cryptocurrency isn’t valuable in his eyes. The governor, Andrew Bailey, has been touting this opinion for many years. Related Reading:…
Bitcoin’s price saw a notable rebound today that allowed it to recover from an overnight dip and rally to fresh local highs within the $11,500 region. This push higher is promising because it is finally allowing Bitcoin to confront the crucial resistance it faces between $11,600 and $12,000, which is a resistance zone that analysts…
Bitcoin price had fallen this morning sharply after a weekend rally to start off the new week. But after a sweep of lows around $11,175 this morning, the first-ever cryptocurrency rocketed higher to retest $11,500 where bulls are now attempting to hold strong. Here’s what to expect if Bitcoin price can remain above this key…
Bitcoin price surged above $11,000 and $11,200 against the US Dollar. BTC is now consolidating gains and it seems to be preparing for another rally above $11,500. Bitcoin is showing positive signs and it is trading nicely above the $11,200 support level. The price is facing a short-term resistance at $11,420, but it is above…
Last week, Square made mainstream headlines when it was revealed that the firm had bought Bitcoin — $50 million worth of the cryptocurrency. Square is a financial technology giant valued at around $80 billion, though the $50 million was only approximately 1% of its assets. Square wasn’t the first company to do so. The month…
Bitcoin gained bullish momentum and rallied above the $11,000 resistance against the US Dollar. BTC is consolidating gains above $11,200 and it could extend its rise to $12,000. Bitcoin started a strong increase after it cleared the $10,950 and $11,000 resistance levels. The price is now trading well above $11,200 and the 100 simple moving…
Bitcoin has been pressing higher over the past 72 hours as the U.S. dollar finally began to lose traction after a relief rally. The leading cryptocurrency currently trades for $11,350, a price far above the weekly lows around $10,400. At the highs seen on Friday evening, BTC traded almost as high as $11,500 — a…
Bitcoin price blasted back above $11,000 in response to yesterday’s news that the Jack Dorsey-led Square Inc. had purchased 4,709 BTC to add to company reserves. Since the news broke about the payment firm’s innovative corporate investment – a growing trend now – the cryptocurrency has risen 4%, adding an enormous sum in ROI to…