Today, Bitcoin has experienced one of its deadliest single-day drops on record in terms of dollar amount moved. And the reason behind it could be the greenback itself. Dollar sentiment is at extreme lows and crypto market exuberance is sky high – could it be time for a reversal in each asset or at the…
Bitcoin has faced some massive selling pressure throughout the past few days and weeks, with buyers losing their edge over the market as sellers target further downside This weakness caused the crypto to dip all the way down towards $30,000 this morning before it was able to find some serious support There’s a strong possibility…
Bitcoin price started a downside correction after it broke $39,000 against the US Dollar. BTC tested the key $35,000 support and it is currently consolidating losses. Bitcoin started a downside correction below the $39,000 and $38,000 support levels. The price is now trading well below $38,000 and the 100 hourly simple moving average. There was…
Bitcoin plunged as low as $34,500 on top spot exchanges last hour as selling pressure picked up ahead of the weekly close. The cryptocurrency fell as low as $35,000 on futures exchanges as well, though spot sellers were leading the correction. While some began to fear that a deeper correction was in store, buyers stepped…
Bitcoin price gained further momentum and traded to a new all-time high near $42,000 against the US Dollar. BTC is currently consolidating gains and it could surge towards $45K and $50K. Bitcoin is trading in a strong uptrend above the $36,000 and $40,000 support levels. The price is consolidating above $40,000, and it is well…
Bitcoin has been on a tear throughout the past few weeks, with its price action heating up as bulls try to flip $40,000 into a support level If the crypto continues holding above this previous resistance, it could allow for significantly further upside in the days and weeks ahead One analyst explained that although it…
For years, Bitcoin investors have been asking Elon Musk, CEO of Tesla and SpaceX, if they can buy cars or tickets to Mars with the leading cryptocurrency. It’s become somewhat of a recurring meme, where whenever Musk mentions Bitcoin or cryptocurrency, those with BTC would ask if they can use it as a means of…
Bitcoin has taken over all forms of media, from mainstream to social. The cryptocurrency was trending on Twitter last night after making above $40,000 for the first time. The hysteria caught the attention of early internet entrepreneur Kim Dotcom, who claims there’s a Bitcoin fork that’s more undervalued than BTC itself and has the “biggest…
The shocking Bitcoin rally has resulted in the cryptocurrency reaching two times its previous all-time high. Meanwhile, most altcoins have yet to return to the high they set years ago. This strange occurrence recently with altcoins growing in USD value, but getting hammered on BTC pairs has led the market into “uncharted territory,” according to…
A recent volatile run-up in the Ethereum and Bitcoin markets has exceeded their value into “overbought” regions, as per Relative Strength Indicator (RSI). In retrospect, the RSI is a momentum indicator that measures the magnitude of recent price changes in an asset to determine its overbought or oversold conditions. Displayed as an oscillator, it can…