Bitcoin’s insane rally yesterday that allowed it to climb nearly $2,000 at its peak has stalled, with the retrace from its daily highs of $9,500 printing a massive wick that has made its daily candle look quite bearish.Analysts are now noting that a myriad of different technical factors suggest that the cryptocurrency may be poised…
Bitcoin has seen some immense bullishness throughout the past couple of days, with the benchmark cryptocurrency incurring a notable uptrend that allowed it to climb from lows of $7,700 to highs of $9,500.This upwards momentum has marked a significant extension of that which was first incurred when BTC dipped to lows of $3,800 in mid-March,…
The latest rally in Bitcoin has caused the Relative Strength Index to reach shocking highs. Such a reading would typically indicate a pullback is due, however, it can also be a signal that the bull market is back in full force.Comparing the RSI to past Bitcoin bear and bull cycles, provides clues as to what…
Bitcoin popped towards its two-month high early on Thursday, breaking above $9,400 amidst halving hype.But the cryptocurrency failed to secure its intraday gains as it corrected lower by about $937 from the local top.The pullback started at the same level that has been capping bitcoin’s upside attempts since the 2017 bull run.It was a glorious…
A reoccurring theme in many Bitcoin analyses over the past few weeks has been mentions of a “rising wedge.”For those unaware, a rising wedge is a common chart pattern marked by a strong uptrend. Although this uptrend may seem bullish from a top-down perspective, rising wedges are textbook reversal patterns.Per Investopedia, this form of technical…
The past 24 hours have been explosive for the Bitcoin market. Ever since breaking past $7,800 on Wednesday morning, the cryptocurrency has been in a nearly unstoppable uptrend, rallying past resistance after resistance in the $7,000s, $8,000s, then most recently, the ever-important $9,000 level.This steep uptrend comes on the back of an influx of buying…
Bitcoin is up more than 15% in a pre-halving rally against the US Dollar. BTC broke the key $8,000 resistance and the 100-day simple moving average to open the doors for $9,500 or $10,000.Bitcoin is surging and it settled nicely above the $8,000 resistance pivot level against the US Dollar.The price is gaining momentum above…
The crypto market has been able to add on over $20 billion to its total capitalization, with the upswing seen today by Bitcoin and many of its smaller counterparts marking a full erasure of the losses incurred during the mid-March meltdown.The significance of today’s price action extends far beyond just boosting the market’s technical strength,…
The uptrend that Bitcoin has been caught within in the time following its capitulatory decline to lows of $3,800 appears to have reached a boiling point earlier this morning when the benchmark crypto printed a massive $1,000 candle.This came about as the crypto rocketed from lows of $7,700 to highs of $8,800 – a major…
Bitcoin and the rest of the cryptocurrency space is currently a sea of green after today’s rally added over $20 billion in market cap to the total cryptocurrency market.In less than 24 hours, the total market cap across all cryptocurrencies combined, grew by over 10% thanks to a massive surge from Bitcoin and continued growth…