Bitcoin price rallied over 10% and it even traded close to $16,000 against the US Dollar. BTC is currently correcting lower, but the bulls are likely to protect $15,300 or $15,150. Bitcoin started a strong rally and it broke the $15,500 resistance zone. The price traded to a new 2020 high at $15,974 and it…
Crypto traders rely on several tools to help predict future Bitcoin price action and trend changes. Few tools have been as reliable over the years as the TD Sequential indicator, created by market timing expert Thomas Demark. The few times this tool has failed on the highest timeframes, Bitcoin has absolutely exploded in the months…
Bitcoin has been caught within one of the strongest and longest-lasting uptrends seen since late-2017, with the cryptocurrency rallying to highs of $15,300 today while showing few signs of slowing down anytime soon. This uptrend’s intensity comes as the global markets breathe a sigh of relief as the elections in the U.S. begin winding down.…
Bitcoin has seen a rapid rally over the past few weeks after falling as low as $9,800. Bulls rapidly bid that bottom as the market printed sub-five digit prices for the first time in many weeks. The cryptocurrency now trades at $14,300, even in the face of bearish news events such as OKEx shutting down…
Chainlink is now trading at half of the price it was at just months ago, after entering price discovery mode and setting new high after high. If the once-unstoppable altcoin cannot close this week’s candle above $11 per LINK token, then its price could sink a lot further instead. Why Chainlink’s Weekly Close Is Its…
The price of Bitcoin (BTC) rose to $13,900 after declining to sub-$13,500 on the day. The catalyst behind BTC’s abrupt rally was likely the decline of the U.S. dollar, which fell after the election day. As the dollar slipped, Bitcoin, stocks, and treasuries rallied together. The Dow Jones spiked by 2.24%, surging by nearly 6%…
Bitcoin’s price has been holding up quite well despite the volatility seen yesterday that came about due to a turbulent election that has yet to deliver any decisive results. This price action has done little to contribute to its mid-term outlook, however, as it is still trading below the resistance it has been facing around…
Bitcoin price remained well bid above $13,300 and started a fresh increase against the US Dollar. BTC is back above $13,700 and it is likely to continue higher in the near term. Bitcoin started a fresh upward move after it found a strong support near $13,300. The price is now trading well above $13,600 and…
Bitcoin’s rapidly rising price has not matched its hash rate – which is a somewhat unusual occurrence. While the network’s transaction volume and utilization rates remain incredibly high, the tera-hashes per second being performed by the network have collapsed over the past few days. Some believe that this could be due to the end of…
An important fundamental health signal of the Bitcoin network just crossed into “capitulation” territory, which in the past was associated with downside risk. However, the tool’s creator says that it wasn’t designed to give sell signals, and shouldn’t be interpreted that way. But because of how profitable its been used as a buy signal over…