Bitcoin price started a downside correction below the $23,000 support against the US Dollar. BTC is likely to decline again as long as it is below $23,500 and the 100 hourly SMA. Bitcoin started a fresh correction and traded below the $23,500 and 23,200 support levels. The price is currently trading well below $23,500 and…
Bitcoin is trading at over $20,000, but the start of what might be the first real correction since the uptrend first began could be forming. However, looking more closely at the DXY Dollar Currency Index, the leading cryptocurrency by market cap could be in for another extended bear phase if a fractal on the dollar…
Bitcoin is well above its former all-time high, but the “alt season” where altcoins explode in value relative to the top-ranked cryptocurrency has yet to arrive. BTC dominance, a metric weighing all other crypto assets against Bitcoin is facing a pivotal monthly close that could jeopardize any chances of a greater altcoin market recovery. Here’s…
MicroStrategy has become one of the biggest forces of constant buy pressure on Bitcoin, being an impetus for it seeing serious gains as of late The cryptocurrency’s price action may have been bolstered by their latest bout of buying, which was announced earlier today While the cryptocurrency was still trading around $22,000 before its rally…
A minor rebound in the US dollar market prompted Bitcoin to reverse its upward momentum on Monday. The benchmark cryptocurrency fell by more than $1,000 in the early morning European session, hitting an intraday low at $22,430. So it appears, Bitcoin’s latest downside move came as a correction to neutralize its overbought conditions. The BTC/USD…
Bitcoin price is holding gains above $23,000 and $23,200 against the US Dollar. BTC is showing positive signs and it seems to be preparing for more upsides above $24K Bitcoin is trading nicely above the $23,000 and $23,200 support levels. The price is currently trading near $23,800 and it is well above the 100 hourly…
Bitcoin has faced some intense selling pressure following its recent rally past $24,000, but bulls were able to thwart it from seeing any intense selloff as its price navigates back up to this key level. BTC’s continued reaction to this level should provide buyers with some serious insights into where it may trend next. A…
Tesla and SpaceX chief executive Elon Musk just mentioned Bitcoin again in a cheeky tweet published just minutes ago. Referencing comments he made previously about the leading cryptocurrency, Musk quipped “Bitcoin is my safe word.” Bitcoin is my safe word — Elon Musk (@elonmusk) December 20, 2020 In January, the billionaire said that the leading…
Bitcoin price extended its rise and traded above $24,000 against the US Dollar. BTC is currently correcting lower and it could find a strong support near $23,000 or $22,780. Bitcoin rallied further and it traded to a new all-time high above the $24,000 level. The price is now correcting below $23,500, but it is well…
Bitcoin broke well above $20,000 this week, signaling that the bull market was real and that the cryptocurrency was likely to go parabolic in the very near term if it hasn’t already. The breakout was supported by the highest “Real Volume” since the June 2019 high. High volume during a breakout is a sign that…