It is safe to assume that Bitcoin’s parabolic rally in 2020 has everything to do with the underperformance of its arch-nemesis, the US dollar. The charts tell the entire story. In March 2020, a 60 percent crash in the Bitcoin market coincided with an 8.80 percent jump in the US dollar index, a barometer to…
Bitcoin price started a downside correction from the $28,360 high against the US Dollar. BTC remained well bid above $26K, and it is likely to resume higher towards $28K. Bitcoin is showing a lot of positive signs above the $26,000 support zone. The price is currently trading above the $26,500 support and the 100 hourly…
Bitcoin has seen some turbulent price action as of late, but it has generally favored bulls The crypto surged as high as $28,500 this morning before posting a strong rejection that sent it tumbling down to lows of $26,500 It has found some strong support around this price level and has been attempting to use…
Bitcoin has continued to erupt higher, even as certain traders have asserted that the market is clearly overbought. As can be seen in the chart below, BTC recently moved toward $28,000. While it did not manage to tap that level, it peaked at $27,900 on top exchanges. Bitcoin currently trades for $22,700 as buying pressure…
Bitcoin price started another increase and broke the $25,000 resistance against the US Dollar. BTC is gaining momentum and it could even visit $30,000 in the coming sessions. Bitcoin is up 7%, broke the $25,000 barrier, and it almost tested the $27,000 level. The price is now correcting lower, but it remains well supported above…
Bitcoin has undergone an extremely strong rally over the past day, despite the coin facing a strong dip into Christmas. Per CoinGecko, the coin is up 8% in the past 24 hours alone, pushing from the $24,500 region to $26,700 now. At the peak a number of hours ago, BTC traded as high as $27,000…
Bitcoin has been on a wild ride throughout the past few weeks, and its parabolic growth trend is showing no signs of coming to an end anytime soon Where the market trends in the mid-term should depend largely on Bitcoin and whether it can sustain its upwards trajectory So far, altcoins have not been able…
Bitcoin is enjoying a strong post-Christmas rally despite a strong drop heading into the holiday. The leading cryptocurrency just burst past $26,000 a few minutes ago and is up 7% in the past 24 hours alone. BTC is now at a new all-time high at $26,500. Chart of BTC's price action over the past two…
It has been on a wild ride the past few weeks, with buyers being in full control of its price action as it continues rising on a nearly daily basis Where it trends in the mid-term will undoubtedly depend on whether or not it can continue printing higher lows each week Some analysts do believe…
Bitcoin in 2020 has finally attracted institutional investors with serious wealth and capital to throw around. And it is exactly why the leading cryptocurrency is trading well above its previous peak set in 2017. But why then, is one of the world’s most “wonderful” investors and TV show “shark” claiming that crypto is “not an…