After a strong drop earlier this week as the U.S. Dollar bounced, Bitcoin has returned to an uptrend. The leading cryptocurrency currently trades for $15,930, $40 below the year-to-date highs, and $70 below the critical $16,000 resistance level. Altcoins are rallying too. Ethereum has gained 5% in the past 24 hours as it has reached…
Bitcoin price continues to be propelled higher from aggressive dip buyers looking to ride the new bull market beyond $20K. But first, the cryptocurrency has to get through just under $16K where it was stopped in its tracks just days ago. Today, the cryptocurrency is back at the key level and making its third attempt…
Yearn Finance’s governance token YFI was trading lower on Wednesday as its short-term charts warned about a growing bearish divergence. Yearn Finance’s bearish divergence, as spotted by Calm Trader. Source: YFIUSD on TradingView.com Yearn Finance's bearish divergence, as spotted by Calm Trader. Source: YFIUSD on TradingView.com The said oscillator, first spotted by a pseudonymous analyst,…
Bitcoin has entered a period of consolidation after peaking at $15,975 late last week. The cryptocurrency has bounced between those highs and lows around $14,500 due to volatility in the price of the U.S. dollar and other macro markets. Investors around the world are trying to grapple with a Biden presidency and the news that…
Bitcoin has seen some immense volatility throughout the past few days, rallying to highs of $15,800 just over a day ago before facing a sudden influx of selling pressure that sent its price plunging to lows of $14,800. This $1,000 movement wiped out over-leveraged positions from both bulls and bears and has resulted in the…
Bitcoin has seen some choppy price action throughout the past day, with its price mainly consolidating within the lower-$15,000 region as bulls and bears struggle to gain control of its near-term outlook. Where it trends in the near-term will likely depend on whether or not it can continue trading above $15,000. This has been a…
Bitcoin has settled into a consolidation range following its significant climb since the start of October. However, increasing sell pressure has many analysts calling for a sharp correction in the near term if $15k fails to hold. Currently, the price of Bitcoin is down 1% in the last 24-hours to $15.3k. Source: BTCUSDT on TradingView.com…
Bitcoin price is struggling to settle above $15,500 and $15,600 against the US Dollar. BTC is likely to start a sharp downside correction if it breaks the $15,000 support. Bitcoin is showing a few bearish signs below the $15,500 and $15,600 levels. The price is currently trading below $15,400 and the 100 hourly simple moving…
Bitcoin price has been rallying for most of 2020, but over the last two months, the cryptocurrency’s momentum kicked into overdrive. Anything that goes up, must at some point come back down to cool off and recharge before it can do it all again. After such a memorable push by bulls over recent weeks, the…
Against a backdrop of macro uncertainty, the past month has seen a stellar run of form for Bitcoin. But the number one cryptocurrency by market cap topped out last Friday at $16k, having gained 45% since the start of last month. Source: BTCUSDT on TradingView.com What’s more, with the Bitcoin price tantalizingly close to its…