Bitcoin has once again found itself caught firmly within a bout of sideways trading in the lower-$6,000 region, which comes close on the heels of the benchmark cryptocurrency’s recent rally up to highs of $6,900.This consolidation is highly likely to result in a massive movement in the near-term, leading some prominent traders to note that…
Bitcoin is currently correcting higher from the $4,320 support area against the US Dollar. BTC could rally further if the bulls are able to push the price above $6,800 and the 100 SMA (H4).Bitcoin price seems to be facing a strong resistance zone near the $6,800 and $7,000 levels.The 100 simple moving average (4-hours) holds…
Bitcoin has found some stability within the lower-$6,000 region over the past couple of days, with its recent rally to highs of $6,900 resulting in a relatively strong rejection that has called into question the strength of its recent uptrend.Although BTC has been able to climb significantly from its recent lows within the $3,000 region,…
2020 has been a turbulent year for Bitcoin and the aggregated cryptocurrency market, with the benchmark digital asset rallying to highs of $10,500 before facing a massive selloff that led its price to crater to lows of roughly $3,800.This capitulatory selloff has been followed by an intense rebound over the past few days, which has…
Bitcoin has seen a notable upswing today that has marked a significant extension of the momentum that was first incurred yesterday when the benchmark cryptocurrency rallied from lows of $5,100 after being caught within a bout of sideways trading for an extended period of time.Analysts are now noting that this ongoing rally is not being…
Bitcoin is up more than 15% and it broke the $6,000 resistance against the US Dollar. However, BTC price is now facing a huge barrier near the $6,400 and $6,500 levels.Bitcoin managed to rise above the $5,800 and $6,000 resistance levels against the US Dollar.The price is up more than 15% and it is now…
Bitcoin saw some intense upwards momentum today that allowed it to rally into the $6,000 region, with this upswing coming about after an extended period of sideways trading around $5,000.This movement came independent of the U.S. stock market – which has been firmly guiding BTC over the past several weeks – leading some to believe…
Bitcoin is a unique asset unlike anything else in the financial world. Much of its value is derived from its underlying blockchain protocol, powered by miners through a process called proof-of-work.However, the first-ever cryptocurrency’s hash rate is dropping faster than its price, indicating that the miners powering Bitcoin have begun to shut down their operations…
Bitcoin is struggling to gain momentum above $5,500 resistance against the US Dollar. If BTC price breaks the $5,000 support, it could start a major decline in the near term.Bitcoin is currently trading in a range between $5,000 and $5,500 against the US Dollar.A break below the $5,000 support could set the stage for a…
Bitcoin has been on a wild ride over the past several weeks and months, with the benchmark cryptocurrency plummeting from recent highs of $10,500 to lows of $3,500 before garnering significant buying pressure that has since sent it back to its current price within the mid-$5,000 region.This intense volatility has come about in tandem with…