Bitcoin price has been in a strong uptrend since Black Thursday that turned fully parabolic in Q4, resulting in a new all-time high. But according to an analyst, the first-ever cryptocurrency is close to a breakdown of a parabolic curve that’s been supporting the upwards momentum for months. Is this the end of the uptrend?…
Bitcoin and the entire cryptocurrency market are seeing a relatively quiet day following some immense turbulence yesterday The selling pressure witnessed by altcoins was intense and caused many to see flash crashes of 20% or more All the while, Bitcoin’s price remains steady and stable above $23,000 – around where it is still trading at…
Those who plan to short the ongoing bull run must think twice, as per on-chain analyst Kim-Young Ju. The chief executive of CryptoQuant, a data analytics firm, said in a Thursday tweet that traders have no reason to place bets on Bitcoin’s potential fall. He explained that despite the cryptocurrency’s short-term downside correction from its…
Wall Street has been all over Bitcoin over the past few months due to the growth in the need for an inflation hedge and a relative stagnation in the price of gold relative to other asset classes. This much was confirmed just recently when a Wall Street veteran and former White House staffer launched a…
Bitcoin price came under pressure after ripple’s XRP massive decline below $0.3000 against the US Dollar. BTC traded below $23,000, but it is still well above the $22,000 support. Bitcoin started a fresh decline after it failed to clear the $24,000 resistance zone. The price is currently trading below the $23,000 support and the 100…
Bitcoin is the one asset everyone in 2020 is talking about whether they are for or against the cryptocurrency. Naysayers are out in full force, and supporters are stronger than ever and growing by the numbers – even enlisting celebrities, hedge fund managers, and more. Top analysts from both crypto and traditional finance, along with…
Bitcoin price started a fresh upward move from the $22,000 support zone against the US Dollar. BTC is now trading nicely above the 100 hourly SMA, but it is facing hurdles near $24,000. Bitcoin started a fresh increase above the $23,000 and $23,500 resistance levels. The price is currently trading well above $23,200 and the…
Bitcoin miners used to be the biggest cryptocurrency dumpers when its price traded near all-time highs. Nevertheless, their sentiment has changed drastically in the latest price rally. Data fetched from Glassnode, an on-chain market intelligence platform, shows that miners are not spending their Bitcoin than usual. It took cues from its proprietary indicator known as…
Bitcoin’s price action has been choppy to say the least, with its recent rally to fresh all-time highs of $24,200 being rapidly sold into by whales and other large investors, who forced the price down to lows of $22,000 before the selloff reversed. In the time since, the crypto has been consolidating, seeing multiple movements…
Bitcoin has undergone a strong correction since the $24,300 highs seen this past weekend. The leading cryptocurrency currently trades for $22,600 though fell as low as $21,800 around 24 hours ago. BTC is down 5% in the past 24 hours. Bitcoin is outperforming most cryptocurrencies, which appear to be plunging as a result of a…