Bitcoin rallied to over $19,000 in the same week that saw President-elect Joe Biden’s decision to appoint Keynesian economist Jenet Yellen as the next US Treasury Secretary. Anthony Pompliano, the co-founder/partner at New York-based Morgan Creek Digital Assets, noted that Ms. Yellen’s economic management style complements Bitcoin’s bullish case. In his note to investors published…
Bitcoin price broke to the upside and traded close to $19,500 against the US Dollar. BTC is currently correcting gains, but the previous resistance near $18,800 could provide support. Bitcoin traded above the $18,700 and $18,800 resistance levels before correcting lower. The price traded close to the $19,500 level and settled above the 100 hourly…
Bitcoin price is trading well above $19,000 and it is the last stop before reaching $20,000 and setting a new all-time high. With no further resistance above the former peak, will the cryptocurrency go fully parabolic and enter price discovery mode starting today? Or will a long-overdue correction unfold with the vast majority of investors…
Bitcoin rose above $19,000 on Tuesday after Donald Trump said his administration would assist President-elect Joe Biden’s transition to the White House, easing investors’ concerns about a prolonged period of election uncertainty. The BTC/USD exchange rate rose 3.89 percent to a new year-to-date high of $19,100, pointing to an extended upside move towards its previously…
Bitcoin price broke above its 2019 high, and after that, took off another $5,000. The reason why the level was so critical to confirming a reversal back into a bull market, was due to the resistance residing at the golden ratio – based on the Fibonacci sequence. Today, to celebrate both Fibonacci Day and Bitcoin’s…
Bitcoin’s price has been caught within a bout of range-bound trading throughout the past few days, with the support at $18,000 and resistance at $19,000, leading to the formation of a new and intense trading range. Its trend of trading sideways has greatly favored altcoin bulls, as Ethereum and many other digital assets have been…
Bitcoin rose Monday, putting itself back on track to retest its record high after promising results on a coronavirus vaccine reinforced hopes of an economic rebound next year. The spot BTC/USD exchange rate climbed 0.95 percent after the benchmark cryptocurrency briefly snapped its six-week winning streak on Sunday. The pair touched an intraday high of…
Bitcoin’s amazing run of form these past couple of weeks is forcing the crypto skeptics to think again. Today sees a sell-off to $17.9k at the time of writing. However, with BTC rallying 150% since the start of 2020, many analysts believing it’s just a matter of time before Bitcoin cracks its previous all-time high. Source:…
Bitcoin price failed to continue higher above $18,800 and corrected lower against the US Dollar. BTC is now trading below the 100 hourly SMA and showing a few bearish signs. Bitcoin is facing a strong resistance near the $18,700 and $18,800 levels. The price is now trading below $18,500 and the 100 hourly simple moving…
Bitcoin has undergone a drop since the local highs of $19,000. The coin currently trades for $15,500, though traded as low as $17,500 earlier today. The bounce has surprised many analysts, who thought that Bitcoin would sustain a deeper correction into the $15,000-16,000 range. Yet this bounce has come at a cost: the funding rates…