After trading below $9,000 ever since the blow-off top on Wednesday, Bitcoin has been subject to a strong recovery over the past couple of days, culminating in a breakout seen this past hour.The cryptocurrency, as of the time of this article’s writing, is trading for $9,150 — more than 9% higher than the post-rally lows…
Bitcoin has seen some relatively involatile trading in the time following its recent rejection at $9,500, as the cryptocurrency has been able to stabilize within the upper-$8,000 region.It is important to note that this stability has favored buyers due to the crypto being able to show some tempered signs of bullishness as it pushes up…
The price action over the past few days has undoubtedly been positive for Bitcoin. Case in point: the cryptocurrency ripped over 20% higher from the mid-$7,000s to a price as high as $9,500 over the course of 48 hours.Prices have since consolidated at $8,800, with BTC finding itself stuck between support around $8,500 and resistance…
Today is a new month, and that means that last night’s daily close also market the April candle close on Bitcoin monthly price charts.Last night’s close marked the first-ever cryptocurrency’s best April performance since 2013, even easily besting the April 2019 rally that took Bitcoin to over $13,000. Is this a sign that the next…
Another week, another round of Crypto Tidbits. Bitcoin has been one of the best-performing assets in financial markets over the past week, managing to rally as high as $9,500 — over 25% higher where it started this week. Altcoins, interestingly, have underperformed the market leader, with Ethereum and XRP both gaining around 10% over the past…
Bitcoin appears to have now entered another bout of consolidation as the cryptocurrency attempts to break into the $9,000 region. This comes as buyers struggle to surmount the heavy selling pressure that has laced the upper $8,000 region.It seems as though could be on the cusp of seeing a pullback, as one extremely popular technical…
In January, Tesla CEO Elon Musk mentioned Bitcoin in an innuendo-filled tweet that went viral on Twitter and within the media in the industry. At the time, the technologist wrote that BTC “is *not* my safe word” in a seeming attempt to rile up the crypto community.On May 1st, Musk continued his attempts to play…
The stock market’s striking correlation to Bitcoin throughout the past few months still appears to be holding strong, even despite Bitcoin’s intense rally seen over the past couple of days.It now appears that this correlation could once again prove to be highly negative for the benchmark cryptocurrency, as some major components of the market that…
The cryptocurrency margin trading platform that once enjoyed the crown across the industry, has just reached a historical low on the platform’s now-notorious Bitcoin open interest.According to data, the once industry leader has been on a downward trajectory ever since the Black Thursday collapse that not only crushed Bitcoin prices, but may have put a…
Last night’s Bitcoin monthly April candle closed as a bullish engulfing, often considered a reversal candle by traders and analysts.Bulls must beware, however, as one of the most respected top technical analysts recommends not trading this setup when the primary trend is down, as more often than not it leads to another devastating crash.Bitcoin April…