Weekends are usually pretty quiet for crypto markets. Unlike forex, digital assets can be traded around the clock and at weekends but old habits appear to die hard for traders. As we enter a new week there are big expectations for Bitcoin which could well make a move. Mixed Outlook from Analysts There has been…
Bitcoin price fund a strong support near the $4,920 level and later recovered against the US Dollar. The price broke the $5,120 resistance level to move into a positive zone. There was a break above a key bearish trend line with resistance at $5,080 on the hourly chart of the BTC/USD pair (data feed from…
The total crypto market cap stayed above the $158.0B support and climbed above $165.0B. EOS price is climbing higher and it recently broke the $5.40 and $5.50 resistance levels. Bitcoin cash price is back above the $300 resistance with a positive structure. Tron (TRX) price found support near the $0.0260 level and recently recovered higher.…
Although in many ways Bitcoin (BTC) and other cryptocurrencies could pose significant competition to PayPal, one member of the company’s board of directors recently laid out a case for where he sees the cryptocurrency heading next, notably saying that he believes there is a good chance Bitcoin succeeds and garners widespread adoption within the next…
Bitcoin (BTC) and the crypto markets have continued to express increasing stability and have not yet made any large price movements despite it being a weekend trading session with lower-than-average trading volume. It is important to note that Bitcoin and the aggregated markets have seen continuously declining trading volume over the past seven days, which…
A fresh yearly high was formed at $5,465 before bitcoin corrected lower against the US Dollar. The price started a downside correction and traded below the $5,200 support level. There was a break below a major bullish trend line with support at $5,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).…
The crypto markets have been able to halt their downwards descent, finding relatively strong levels of support slightly below their current price levels. Bitcoin (BTC) – which recently dropped into the $4,900 region after quickly advancing to $5,400 – has established its recent lows as a region of support and has since been able to…
Bitcoin prices trading above $5,000 as bulls reject lower lows A Bitcoin holder projects BTC to hit $98 million in 20 years Although prices are down, sliding from $5,500 after peaking mid this week, candlesticks, as well as fundamental factors, favor Bitcoin (BTC) bulls. One Twitter user projects BTC to hit $98 million in two…
Bitcoin price corrected lower recently and tested the $4,920 support area against the US Dollar. The price recovered nicely recently and traded above the $5,040 and $5,100 resistance levels. There is a major breakout pattern in place with resistance at $5,130 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…
The age-old trader’s adage of selling when people are greedy and buying when people are fearful has proven to be empirically accurate, and the same credo applies to Bitcoin (BTC) and the general crypto markets, as upwards price surges typically come about when market participants grow increasingly weary of the market conditions. Now, Bitcoin’s fear…