Bitcoin has been caught within the throes of an explosive uptrend throughout the past several days and weeks.Buyers have allowed the cryptocurrency to put some serious distance between its recent lows of $3,800, now attempting to propel it firmly into the five-figure price region.The “V-shaped recovery” seen in the time following its mid-March meltdown has…
Although Bitcoin has erupted over the past 24 hours, XRP has remained muted. The top altcoin is up 1% in the past 24 hours while BTC has surged 8% higher, failing to react to Bitcoin breaking past $10,000.This price action has convinced analysts that XRP is poised to retrace, in spite of the influx of…
Just hours after our last market update, Bitcoin has topped $10,000. This is the first time the cryptocurrency has done this in over seven weeks.After holding $9,400 for all of Wednesday, the cryptocurrency surged higher over the past few hours, passing resistance after resistance in the $9,000s, culminating in the surge past $10,000 just minutes…
Just five days out from the Bitcoin block reward halving, analysts are buying coins en-masse in preparation for more upside.The cryptocurrency topped $9,750 just minutes ago for the first time since March, setting a new local high just shy of $9,800. With this, BTC is up 4% from ~$9,400 in the past 24 hours, outperforming…
Bitcoin price just touched over $9,500, while altcoins have set new lows on their BTC trading pairs.Amidst the crypto confusion, a highly reliable indicator just gave a mixed bag of signals that has only added to the usual state of the cryptocurrency market.Crypto Market Assets Appear to Be Deviating in Correlation CycleThe crypto market is…
Bitcoin’s halving is less than one week away. The crypto asset is trading at the top of a multi-year chart formation. And tonight is the Full Flower Moon.Is the stage set for a major halving-fueled Bitcoin breakout during tonight’s full moon?Stars Align For Major Cryptocurrency BreakoutBitcoin price is currently trading at over $9,300. The key…
As Bitcoin’s halving approaches, market participants appear to have mixed feelings about where the flagship cryptocurrency is headed next. Some of the most prominent analysts in the industry believe that BTC is poised to correct. But, there are others who expect a “face-melting” upswing.Regardless of the ambiguity that the pioneer cryptocurrency presents, on-chain metrics reveal…
Bitcoin is trading in a positive zone above $9,150 and $9,200 against the US Dollar. BTC could start a strong rally if there is a clear break above $9,400 and $9,500.Bitcoin is slowly rising towards the key $9,400 and $9,500 resistance levels.There are high chances of a strong surge if the bears fail to defend…
The transparency of blockchain technology can be used to determine investors’ sentiment towards a given asset. By evaluating what large Bitcoin holders are doing, for instance, it is possible to estimate future price slumps or bullish impulses.Under this premise, Santiment, a behavior analytics platform, maintains that large BTC whales are preparing to push prices further…
Bitcoin’s halving is only a mere seven days away, and the bulls are already out in full force.However, according to an eerily similar price fractal that preceded oil’s recent, record-breaking fall into negative territory playing out on Bitcoin price charts, the halving may have the opposite effect than people are expecting.V-Shaped Bitcoin Recovery May Be…