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…
The crypto market has been caught within an intense bout of volatility over the past several days and weeks, which has been led by Bitcoin’s capitulatory decline from recent highs of $10,500 to lows of $7,700 that were set today.This intense downtrend has led Bitcoin to a critical macro support level that could provide investors…
The global markets have entered a full-fledged meltdown, with the major US stock indices all collapsing as Bitcoin (BTC) enters a firm downtrend that has so far led it to plummet into the $7,000 region.This global bearishness comes close on the heels of a bullish start to 2020, but the rapid spread of the lethal…
Bitcoin is down close to 10% and it broke the key $8,000 support against the US Dollar. BTC price is now vulnerable, but the $7,500 support area could spark a decent recovery in the near term.Bitcoin is declining heavily below the $8,200 and $8,000 support levels against the US Dollar.The price broke many key supports,…
Ethereum is down close to 15% and it broke the key $215 support against the US Dollar. ETH price remains at a risk of more losses below the $200 and $195 support levels.Ethereum is trading in a nasty downtrend below the $220 support area against the US Dollar.The price even spiked below the $200 handle…
Today’s been a rough day for the crypto markets, with Bitcoin’s recent capitulatory selloff reaching a boiling point this morning that subsequently led most other major altcoins to similarly see intense selloffs of 10% or more.This movement has led the market structures of most digital assets to become firmly bearish, although one crypto-focused economist is…
The crypto market has found itself caught within an intense downtrend over the past day, with Bitcoin and most major altcoins incurring intense selloffs that have led them to erase the majority of the gains incurred throughout the early months of 2020.It appears that this Bitcoin-driven selloff has been catalyzed by a massive influx of…
Bitcoin failed to continue above the $9,200 resistance and it is down more than 4% against the US Dollar. BTC is now trading in a bearish zone and it could slide further below $8,700.After forming a short term top near $9,211, bitcoin price declined sharply below $8,880.The price is now trading well below $9,000 and…
Bitcoin and the aggregated cryptocurrency market are currently caught within a bout of sideways trading that first began earlier this week when BTC rallied from lows of $8,400 back into the low-$9,000 region.This movement has led most major altcoins to see mixed price action, with Ethereum incurring some intense upwards momentum while many other altcoins…