Bitcoin (BTC) and the aggregated crypto markets have been facing a bout of sideways trading over the past couple of days, oscillating between the mid-$7,500 region and the lower-$8,000 region for the past several days. Although the sideways price action could simply be a pattern of consolidation that ultimately leads to an extension of upwards…
Bitcoin drop 7.4 percent Reserve Bank of India could get a boost with the latest draft bill proposing more stringent measures against crypto investors and developers. Yesterday’s FUD that India’s legislators are proposing a ban of cryptocurrency mining, trading or holding did expose RBI’s underbelly. Such punitive steps often trigger rebellion in a Streisand effect,…
Bitcoin (BTC) and the entire crypto markets have been facing some levels of instability as the markets experience a bout of sideways trading after losing the upwards momentum that they have incurred over the past several weeks. Although Bitcoin’s recent drop into the $7,000 region appeared to have put its bullish momentum in jeopardy, analysts…
BTC down 11.5 percent Samsung, Facebook and now, Apple finding opportunity in crypto Apple plans to upgrade and release a new cryptographic developer tool replacing its superb CommonCrypto. All in all, it is a favorable decision following the steps of Samsung. At the time of writing, Bitcoin is stable and struggling against determined sellers. Bitcoin…
Bitcoin is not out of the digital woods yet. There is every chance that this pullback could accelerate as BTC failed to close above $8,000 yesterday. Traders and analysts are already looking at the next major buying zones and they tend to be in agreement. Bitcoin: No Return to $8k Over the past 24 hours…
Bitcoin and the aggregated crypto markets are currently coming off of a period of large volatility that appears to have put the entire market’s recently established upwards momentum in danger of being lost. Since incurring significant selling pressure over the past couple of days, however, Bitcoin (BTC) has been able to stabilize in the upper-$7,000…
Until recently, traditional investors have long viewed gold, silver, and other precious metals as the go to source of stability when the equities markets destabilize, although the advent of digital currencies, like Bitcoin (BTC), have ignited debates as to whether or not precious metals are still relevant tools of stability during times of market turmoil.…
Price action is not linear so any movements in either direction will come in stages. Bitcoin’s two day slide of over a thousand dollars may not be over yet, but at the moment BTC appears to be taking a breather. Bitcoin Scenarios A number of scenarios could be on the cards for Bitcoin’s next move.…
Bitcoin price started a major downward move below the $8,200 and $8,000 supports against the US Dollar. The price even broke the key $7,600 support level and it is currently recovering higher. There are two major bearish trend lines forming with resistance near $7,950 and $8,200 on the hourly chart of the BTC/USD pair (data…
BTC is weak, down 6.1 percent Real FOMO is after BTC blast past $10,000 according to Tom Lee After two months of higher lows and higher highs, BTC bulls are exhausted. In the last day, the asset is down 6.1 percent. As bears press lower, it is likely that prices will crumble to $7,500 or…