Bitcoin has often been referred to as ‘digital gold’, even more so in recent times when economic woes have been driving investors to safer havens. Industry experts have been weighing in with their own take on the narrative and BTC’s status as a store of value. Is Bitcoin Digital Gold? According to a report from…
The doom merchants immediately start rejoicing as soon as Bitcoin begins to dump but in reality this is simply a normal and expected component of the market cycle. At the moment BTC is down just over 30 percent from its 2019 high but it could drop even further. Bitcoin Holds $9,500 There has been very…
Bitcoin price is currently consolidating above the key $9,300 support area against the US Dollar. The price is facing a few key resistances near the $9,500, $9,600 and $9,650 levels. There is a connecting bearish trend line forming with resistance near $9,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
The total crypto market cap is under a lot of pressure below the $260.0B and $270.0B resistances. Bitcoin price is down more than 2% and it is currently trading well below $9,600. Litecoin (LTC) price failed to stay above the key $90 support and it could extend downsides. BCH price slowly moving lower towards the…
Bitcoin and the aggregated crypto markets have once again incurred an influx of volatility that has extended the instability that was first incurred just over one week ago when BTC sharply moved towards $11,000 but failed to sustain this movement. Now, analysts are noting that Bitcoin’s recent trading action has allowed it to form a…
Bitcoin price declined heavily below the $9,800 and $9,500 support levels against the US Dollar. The price traded to a new weekly low at $9,118 and it is currently correcting higher. There is a crucial contracting triangle forming with resistance near $9,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
The total crypto market cap is struggling to hold the key $250.0B support area. Bitcoin price spiked below the $9,300 level and recently corrected above $9,500. EOS price is facing a lot of hurdles near the $4.400 and $4.500 levels. Binance Coin (BNB) is trading with a bearish angle below the key $28.50 support level.…
Bitcoin (BTC) and the aggregated crypto markets have climbed slightly today after facing significant downwards pressure over the past couple of days. This recent price action has signaled that bears are currently in full control of the cryptocurrency, and without a major push by bulls, Bitcoin could face an incredibly weak weekly close that spells…
Despite the massive volatility that is a defining characteristic of the crypto markets, many proponents of Bitcoin (BTC) have claimed that the technology is posed to be a suitable replacement for safe haven assets like gold, and even for fiat currencies. Despite this, one critic of Bitcoin is claiming that BTC’s success over the past…
After a short term upside correction, bitcoin price failed to surpass $10,200 against the US Dollar. The price formed a double top near the $10,200 level and declined below the $10,000 support. There is a crucial bearish trend line forming with resistance near $10,350 on the 4-hours chart of the BTC/USD pair (data feed from…