The inevitable pullback has started and crypto markets are beating a retreat at the moment. Bitcoin is leading them down as it drops back below $5,000 dumping 6 percent on the day. The question now is how low will it go? Minor Pullback or Major Correction? A number of analysts had predicted a major capitulation…
The crypto markets have followed Bitcoin’s lead and spiraled downwards over the past day, with many major altcoins facing significant levels of selling pressure that have sent most of them down 5% or more. Today’s drop has led the crypto markets to shed nearly $20 billion from its weekly highs, sending the overall crypto market…
Bitcoin prices accumulate above $5,100 Transparency translating to confidence, Bitcoin on the path to $50,000 The transparent nature and increasing oversight on Bitcoin-related transactions mean it hard to launder money via the network. That’s unlike traditional systems where banks now have to fire employees and shoulder heavy fines after flouting AML and KYC rules. It…
Bitcoin price climbed further higher and broke the $5,400 resistance level against the US Dollar. The price traded to a new multi-month high at $5,461 before correcting lower sharply. This week’s followed important ascending channel was breached with support at $5,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…
Bitcoin has been able to continue inching higher after dropping below $5,200 earlier today, and is now approaching $5,300, which appears to be a slight level of resistance for the cryptocurrency. BTC’s upwards ascent has continued to allow many major altcoins to surge, with many cryptos trading up over 2% today. Although Bitcoin’s price is…
Bitcoin price is slowly moving higher towards the $5,300 and $5,360 resistances against the US Dollar. The price is placed nicely in an uptrend and it could gain strength above $5,360. Yesterday’s highlighted significant ascending channel is intact with support at $5,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
The total crypto market cap is currently stuck in a range below the $178.5B resistance area. EOS price is gaining bullish momentum and it is up more than 5% above $5.70 today. Bitcoin cash price is likely to bounce back above $300 and $310 in the near term. Tron (TRX) price is currently consolidating gains…
Bitcoin prices stable above $5,000 NDRC of China propose Bitcoin and cryptocurrency mining China’s National Development and Reform Commission (NDRC) of the opinion cryptocurrency and Bitcoin (BTC) rigs don’t adhere to relevant laws and regulators, pollute the environment and unsafe and therefore propose a ban. If that is the case, the network’s hash rate will…
The arguments for a big market correction are gaining strength. As Bitcoin approaches another heavy resistance barrier buying pressure is likely to diminish as previous charts have shown. If and how far it will fall remains the big question this week. Bitcoin Approaching 50 Week MA When Bitcoin broke through the 200 day moving average…
Bitcoin has been able to maintain nearly all of its recent gains it has incurred over the past week and has been able to maintain stability around its monthly highs of $5,300. This positive BTC price action has led to an influx of capital into other cryptocurrencies, generating gains that have led many analysts to…