Bitcoin is declining steadily and trading below $9,400 against the US Dollar. BTC could decline sharply below $9,250 if it fails to reclaim the 100 hourly simple moving average.Bitcoin is slowly moving lower and now trading well below the $9,500 pivot level.The price is showing a few bearish signs below $9,400 and the 100 hourly…
Bitcoin investors have been growing impatient as the benchmark cryptocurrency continues hovering within the mid-$9,000 region. It has been consolidating here for many weeks, and each attempt to catalyze momentum – in either direction – has been futile.BTC has seen trends like this in years past, and they nearly always resolve in the crypto making…
It’s been an explosive past few months for Bitcoin, equities, and other global markets.After a liquidation event in March that sent cryptocurrencies down by over 50% and other asset classes down almost as much, a bounce has ensued that has largely deleted the losses of March.BTC now trades for $9,400, up by approximately 30% since…
Bitcoin has been the best performing asset in finance history, rising over a million percent from its early days to current prices. It may come as no surprise then that the first-ever cryptocurrency is currently leading a public poll where respondents believe it’ll also be the “best performing asset of 2020.”Is 2020 The Year The…
Jobless claims in the United States performing worse than initial forecasts expected has caused the Dow and other stock indices to slide pre-market. With Bitcoin‘s uptrend hanging by a thread, how will the first-ever cryptocurrency respond to the negative news and falling equities market?Jobless Claims Worst Than Forecasted Sends Dow Plunging Pre-MarketWhen the pandemic first…
As Bitcoin maintains its positive correlation with the S&P 500, a top analyst has predicted an all-time high for the U.S. benchmark.Research firm DataTrek published a note earlier this week that the S&P would rise by another 14 percent by the end of 2020.The prediction raised the possibilities of Bitcoin retesting its all-time high of…
Bitcoin climbed higher above $9,500, but it struggled to clear $9,600 against the US Dollar. BTC is now correcting gains and it seems like there is a bullish flag forming with resistance at $9,450.Bitcoin is currently correcting lower from the $9,595 swing high.The price is trading well below the $9,500 pivot level and testing the…
Bitcoin’s consolidation phase has shown no signs of letting up anytime soon, as it has been hovering around $9,400 ever since it was able to rebound from its recent lows of $8,900.It is important to keep in mind that the cryptocurrency has been forming lower highs over the past several weeks. First it posted a…
Bitcoin has continued to extend its multi-week consolidation phase. The crypto is currently hovering within the mid-$9,000 region and has not yet posted any sorts of trend defining movements.It is important to note that there are a few factors emerging that suggest the cryptocurrency’s next big movement will favor sellers.Despite being stuck in a bout…
After a strong rise over the last several months, momentum in Bitcoin has been waning, prompting one analyst that has thus far been long BTCUSD, to flip neutral.A break in sideways price action and a return to volatility is expected soon, but which way will the first-ever cryptocurrency head next?Hedge Fund Manager Prepares to Short…