Bitcoin is many things to many people, for some it is a way to make a quick buck day trading, for others a hedge against political and economic adversity and a failing banking system. Regardless of its price fluctuations, BTC does something banks never can, it empowers the people that hold it.Bitcoin Beats BanksAnother week…
Bitcoin’s bulls have lost the overwhelming strength they incurred yesterday when they propelled BTC off of its recent lows of $6,400, as the crypto has now lost nearly all of the momentum that it incurred during the course of this fleeing rally.It is important to note that this recent rally marked an ardent defense of…
Institutions have long been looked upon by Bitcoin and crypto investors as a mysterious force that would help catalyze the next major bull run. Throughout 2019, however, there was much less brazen institutional involvement than was previously expected, which greatly disappointed embattled investors.In spite of this, a recent report from a digital asset management group…
Bitcoin is leading crypto markets back into the green again today but they have a long way to go before anything can be considered ‘healthy’. The 14% bounce could simply be a bull trap or BTC may finally have been at the bottom and readying for another run.Bitcoin Bounces BackThis week has been pretty grim…
Bitcoin price reversed its losses and settled above $7,000 against the US Dollar.The price rallied close to the $7,500 resistance area, where sellers emerged.Earlier, there was a break above a key bearish trend line with resistance near $6,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).A correction is underway, but there…
Bitcoin experienced a sharp and sudden drop earlier this morning that led the crypto as low as $6,400, and its reaction to this level has provided some much-needed validation for embattled bulls who feared that BTC would experience significantly further losses.Much to the chagrin of bears, analysts are noting that Bitcoin may be positioned for…
Bitcoin has continued to move lower as bears take full control of the cryptocurrency’s price action, and it now appears to be a certainty that BTC will revisit its November lows that were set at $6,500 roughly three weeks ago.This current bearishness has drastically impacted the overall market sentiment for the worst and has led…
Bitcoin price is down around 4% and it broke the key $7,000 support against the US Dollar.The price is likely to continue lower towards $6,500 or $6,200 in the near term.There is a short term contracting triangle forming with resistance near $6,880 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair…
The total crypto market cap is declining and it is now trading below the $185.0B support.Bitcoin price is down 3% and it recently broke the $7,000 support area.Binance coin (BNB) price dived more than 8% below $14.00 and $13.50.Litecoin (LTC) price is sliding and trading well below the $40.00 support area.BCH price finally traded below…
Bitcoin has faced turbulence throughout 2019, with the first half of the year being firmly controlled by bulls that sent it as high as $13,800, while the second half of the year played to the favor of BTC’s bears who were able to push it as low as $6,500.The downtrend that was first sparked this…