Bitcoin (BTC) has been incurring significant selling pressure as of late that has caused significant damage to its technical strength. This selling pressure is coming in spite of some bullish fundamental developments that have occurred as of late, including the state-sponsored Bank of China offering what can be defined as a bullish outlook on Bitcoin.…
Bitcoin and the aggregated crypto markets have been spiraling downwards after bull’s attempt to bolster the markets yesterday faltered, leading to a continuation of the downwards pressure that BTC and other major cryptos have incurred over the past several weeks. Now, analysts are noting that there is a high probability that Bitcoin’s recent pullback extends…
The ebb and flow of crypto markets continues into the weekend as another day of gains follows one of losses. Bitcoin crept back over five figures but dumped again an hour or so ago. Industry observers and analysts are of mixed opinion as to its next major move as a FED interest rate cut looms.…
The global economy and Bitcoin (BTC) have both been incurring increasing volatility as of late, with the former’s volatility primarily being centered around recently released data from both the United States and Europe, which signals that the economy may currently be at a precarious point that requires a significant amount of monetary stimulus to be…
Bitcoin price stayed above the $9,600 support level and climbed higher against the US Dollar. The price broke the $10,000 resistance and it is now testing the key $10,200 resistance. There was a break above a major contracting triangle with resistance near $9,910 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
Bitcoin and the aggregated crypto markets have been facing significant downwards pressure over the past couple of days that has led markets to retrace significantly from their recent highs that were set in late-June. Now, one prominent analyst who predicted Bitcoin’s recent drop is now noting that the aggregated crypto markets could retrace another 61%…
Legendary hedge fund manager, Bill Miller, can boast bumper performance for including Bitcoin as part of his investment strategy. A fund launched three years ago has posted impressive gains this year according to reports. Bitcoin Boosts Fund 46 Percent A Bloomberg report has cited an investor document revealing that the fund launched by Miller three…
Bitcoin price failed to continue above the $10,200 resistance and declined recently against the US Dollar. The price traded below the $10,000 and $9,800 support levels to move back in a bearish zone. There is a new connecting bearish trend line forming with resistance near $10,050 on the hourly chart of the BTC/USD pair (data…
Bitcoin and the aggregated crypto markets are experiencing a day of green after facing strong selling pressure over the past couple of days. Despite this, BTC still appears to be in precarious territory, and it may soon lose the support it currently has around $10,000. Analysts are now noting that an extension of the selling…
Bitcoin (BTC) and the aggregated crypto markets have been facing a bout of selling pressure as of late that has tempered the uptrend that the markets incurred over the past several months. Despite this, analysts were quick to note that the recent uptrend was not driven by an influx of new market entrants, which may…