Bitcoin price failed to clear the $37,000 resistance against the US Dollar. BTC is declining and it remains at a risk of more losses below $34,000. Bitcoin is facing a lot of hurdles near the $36,000 and $37,000 resistance levels. The price is currently trading well below $37,000 and the 100 hourly simple moving average.…
Bitcoin price is showing bearish signs and trading well below $40,000 against the US Dollar. BTC is likely to extend losses below $34,000 and $32,000 in the near term. Bitcoin failed to settle above $40,000 and it started a fresh decline below $38,000. The price is now trading well below $40,000 and the 100 simple…
The crypto market is in fierce debate: is the top of the Bitcoin bull market in? Bears salivating for cheaper coins say yes, while bulls hell bent on seeing through stock-to-flow predictions say otherwise. But which is it? A secondary conflict surrounds the topic: “if that was a top, it sure doesn’t look like one.”…
Bitcoin price is still struggling to clear $40,000 and $41,000 against the US Dollar. BTC could decline heavily if there is a clear break below $37,000 and $36,500. Bitcoin is still struggling to clear the $40,000 and $40,500 resistance levels. The price is currently trading near $38,000 and the 100 hourly simple moving average. There…
Brad Garlinghouse weighs in on the Bitcoin energy debate by saying Ripple is a more energy-efficient alternative to the leading cryptocurrency. Speaking to CNBC, Garlinghouse said Elon Musk’s U-turn on Bitcoin was appropriate. Adding, it wasn’t surprising that the Tesla boss eventually flipped on Bitcoin, considering his environmental credentials. Bitcoin Energy FUD Two weeks ago,…
Legendary American businessman Carl Icahn has apparently changed his position on cryptocurrencies. In an interview for Bloomberg Markets’, Icahn hinted at a potential investment of up to $1.5 billion in the sector. Thus, Carl Icahn shares the stance of Stanley Druckenmiller, Paul Tudor Jones, and most recently Ray Dalio on this new asset class. Icahn…
2020 was the year of mainstream crypto adoption and PayPal’s service based on Bitcoin, Ethereum, Litecoin, and others was an inflection point. The service allows its U.S.-based customer to buy, sell, and hold these cryptocurrencies. Most recently, the payment processor also enabled a crypto checkout service and crypto trading with their subsidiary Venmo. Thus, its…
Bitcoin price is still below $40,000, after just weeks ago trading at over $64,000 per coin. The selloff shocked market participants of all sizes, prompting fears that the bull market is now over and a bear phase is next. A trader who predicted this recent collapse months in advance using high timeframe technical analysis, now…
The price of Bitcoin dips below $40k, triggering bearish sentiment. BTC is now down 40% from its highs, making this in line with the worst drops of 2017. Currently, Bitcoin is holding the 200-day moving average, having wicked below it briefly during the early hours. Source: BTCUSD on TradingView.com William Clemente III noted that Bitcoin…
Bitcoin price failed to stay above the key $42,150 support zone against the US Dollar. BTC is declining and it remains at a risk of a sharp decline below $40K. Bitcoin failed to stay above the main $42,000 and $42,150 support levels. The price is now trading well below $45,000 and the 100 hourly simple…