The price of Bitcoin surged past $18,000 once again, marking a sharp recovery from its earlier intraday drop to around $17,355. Behind the ongoing rally is a noticeable spike in the open interest of CME and other major futures exchanges. The 15-minute price chart of Bitcoin. Source: BTCUSD on TradingView.com The open interest of the…
Bitcoin is showing signs of continuing its bullish momentum despite a recent sell-off that it experienced after soaring towards $18,500. The flagship cryptocurrency’s latest downside correction has met with an equal resistive buying sentiment near local lows. As a result, its price against the dollar has rebounded on multiple breakdown attempts, creating a structure that…
Bitcoin price surged towards the $18,500 level before correcting lower against the US Dollar. BTC must stay above $17,500 for upside continuation in the near term. Bitcoin rallied further towards the $18,500 level before correcting lower sharply. The price is holding the key $17,500 support and it is well above the 100 hourly simple moving…
Bitcoin has come a long way from where it was just under one year ago, with the March 12th selloff sending the cryptocurrency to lows of $3,800 – from which point it has seen exponential upside growth. One analyst is now noting that BTC’s days seeing sharp selloff events like this one are over, with its…
Bitcoin still has some room to climb before setting a new all-time high in the price per BTC. However, the current market cap of Bitcoin is now currently larger and more valuable than it was back when the cryptocurrency traded higher. Here’s an explanation of how the leading cryptocurrency by market cap set a new…
Bitcoin price just had its first decent-sized pullback since making it above $16,000. Less than 48 hours later, the cryptocurrency was already trading well above $18,000. In the late-night spike last night, the seemingly parabolic crypto asset touched a new 2020 high of $18,474 on Binance, before falling back to $17,800 where the resistance zone…
Bitcoin inched towards $18,500 on Tuesday night. A sell-off occurred, and the cryptocurrency lost its support base of $18,000 in the early Wednesday hours. But ahead of the US session, it managed to secure the $18,000-support all over again. The seesaw intraday price move in the Bitcoin market shows that bulls are in full control.…
It’s totally fair to say that the institutional investors are finally entering the Bitcoin and crypto-asset markets. Bitcoin has seen a strong rally over the past few weeks and months. In the past month alone, the cryptocurrency has gained 50%. It has become increasingly clear that this rally has been driven by the entrance of…
Bitcoin price rallied over 6% and it broke the $17,500 resistance against the US Dollar. BTC is consolidating gains and it seems like the bulls are aiming more upsides above $18,000. Bitcoin extended its rise above the $17,200 and $17,500 resistance levels. The price traded to a new monthly high at $17,895 and settled above…
The Bitcoin price is hovering above $17,700 after an explosive overnight rally. Albeit the market sentiment is at its peak, some traders anticipate a healthy BTC price pullback might occur. Michael van de Poppe, a full-time trader at the Amsterdam Stock Exchange, said an average 30% correction would mark a healthy pullback for BTC. If…