Bitcoin has seen some immense volatility throughout the past several days and weeks, with its multiple bids to break through the $10,000 region all proving to be unsuccessful as it continues hovering within the $9,000 region.The price action seen in the time following Bitcoin’s initial break above $10,000 a few weeks ago can largely be…
Bitcoin saw a sharp decline today that led it down to lows of $9,200 before it rebounded back into the mid-$9,000 region. This price action made the cryptocurrency vulnerable to seeing further downside in the days and hours ahead.It is important to note that buyer aggressively confronted this dip with buying pressure, confirming that it…
Bitcoin has been consolidating in the time following its latest rejection at $10,000. This comes as the crypto’s mid-term market structure shows immense signs of strength, although in the short-term it does appear to be in a precarious position.In spite of this, analysts are now widely flipping long on Bitcoin, citing a price divergence and…
Bitcoin is firmly caught within the throes of an immense uptrend. This was clearly seen yesterday when the cryptocurrency rallied up to highs of $10,000 before facing a slight rejection that led it lower.This was a massive $1,000 movement that marked a significant extension of the momentum that was first incurred when the crypto rebounded…
During last year’s early 2019 parabolic impulse in Bitcoin, the safe haven narrative began to pick up steam, and the asset began to be taken more seriously. At that time, CNBC Squawk Box host Joe Kernan emerged as a champion of the cryptocurrency.Now, all this time later, he’s revealed that he has disclosed on air…
Bitcoin’s highly anticipated mining rewards halving took place earlier today. The benchmark cryptocurrency didn’t see any notable volatility in tandem with the event, and its hash rate has only declined slightly in the hours directly following the block rewards reduction.There’s no question that the mining rewards reduction that comes about as a result of the…
Tomorrow’s halving helped Bitcoin price make another strong push to $10,000, but the first-ever cryptocurrency failed to breach the key level.However, according to the structure of a massive rising wedge, there may be yet another wave up to nearly $11,000 before a correction and pullback ensue.Started From the Bottom: Bitcoin Forms Rising Wedge After Bounce…
Bitcoin saw an intense downwards movement yesterday that led the benchmark cryptocurrency to erase the gains that came about as a result of its latest push towards the coveted five-figure price region.The crypto’s drop led it to erase nearly $2,000 from yesterday’s highs.It has been able to recover a small portion of these losses, although…
Bitcoin witnessed some immense volatility yesterday that caused it to shed over $20 billion off of its market cap. This capitulatory decline came about shortly after the crypto navigated into the five-figure price region.This volatility was sparked after the crypto posted multiple failed attempts to break into the $10,000 region, signaling that the resistance here…
The devastating day now known as Black Thursday took Bitcoin price down to $3,800. The sharp collapse also knocked the asset out of a logarithmic growth curve it had been following its entire history.This latest, over 160% rally has now reclaimed that generational log curve, making it the greatest shake out the cryptocurrency market has…