Ethereum is down more than 50% in a day against the US Dollar. ETH price broke many crucial supports and it is now approaching the $78 and $68 support levels.Ethereum collapsed below $150 and $100 in a harsh market crash against the US Dollar.The price is forming a huge bearish candle on the daily and…
Bitcoin (BTC) saw an unprecedented selloff today that led it to plummet to fresh yearly lows of $5,200, which is where it was able to find some support that has since led its price to rebound back up to the $6,000 region.This intense selloff was extraordinary and has sparked extreme fear amongst cryptocurrency investors, although…
Bitcoin is declining and trading below the key $7,800 support against the US Dollar. BTC price could soon test the main $7,400-$7,500 support area where the bulls might take a stand.Bitcoin is extending losses and it may even slide below the $7,600 area against the US Dollar.The bulls are likely to take a strong stand…
Bitcoin (BTC) investors are heavily accumulating the cryptocurrency despite its ongoing downtrend, which could be a positive sign for the benchmark crypto’s macro outlook.This growth is elucidated while looking at the number of investors who hold over 1 BTC – commonly referred to as “wholecoiners” – which has been skyrocketing over the past several weeks.This…
According to technical analysis, the firm bull market that Bitcoin has found itself caught within throughout January and February has officially come to a close, as the benchmark crypto has now declined below a critical support level that was an integral part of its bullish market structure.One well-respected crypto-focused economist is now noting that the…
Bitcoin is facing a crucial resistance near $8,200 against the US Dollar (as discussed yesterday). BTC price could trade in a range for a few sessions before the next move.Bitcoin is trading in a bearish zone below the $8,200 resistance area against the US Dollar.The bulls are putting up a fight to defend the $7,800…
Bitcoin (BTC) and the aggregated cryptocurrency markets have been trading sideways over the past day, with bulls’ attempt earlier today to recapture $8,000 proving to be fleeting due to an abundance of selling pressure within this price region.It now appears that big traders are anticipating Bitcoin to make a massive movement in the days ahead,…
Bitcoin (BTC) has been able to post a notable rebound today that has allowed it to recoup some of its recent losses, with bulls stepping up and propelling the cryptocurrency back into the $8,000 region following its recent dip to lows of $7,700.This has led the aggregated cryptocurrency market to post some decent gains, with…
Bitcoin is currently correcting higher from the $7,638 monthly low against the US Dollar. BTC price could correct higher towards the $8,200 resistance area, where the bears are likely to appear.Bitcoin is showing a few recovery signs above the $7,800 level against the US Dollar.The price is currently forming a rounding pattern, which could lead…
Bitcoin (BTC) and the aggregated cryptocurrency market have been moving in tandem with the global markets throughout the past couple of weeks, which has made the nascent asset class subjected to significant selling pressure.This close correlation has led many analysts and investors to deem the cryptocurrency’s classification as a safe-haven asset as nullified.In spite of…