Bitcoin price has failed to reclaim and hold above $7,000 and could retest lows set a month ago on Black Thursday.However, if that recent low fails to hold, the first-ever cryptocurrency could fall to nearly $2,000 according to a mathematical figure that coincidentally is located at an untapped support level from past Bitcoin bull cycles.Losing…
Yesterday, the world was aghast as they watched oil prices tumble into negative territory for the first time in history. The shocking price drop took the cryptocurrency community by storm, who have compared the long-traded commodity to an illiquid altcoin.But this isn’t the first time crypto traders are showing an increased interest in traditional markets,…
Bitcoin‘s halving is just three weeks away at this point, and with the critically important event happening so soon, the first-ever crypto asset is at an especially pivotal junction that could shape the future of the asset in the near and long term.But what exactly does the halving mean, and why is it that crypto…
Despite the tepid price action over the past two days, Bitcoin has been on a remarkable rally over the past five weeks.As this outlet reported recently, the cryptocurrency has done so well that as of Monday morning, BTC had printed five — yes, five — green weekly candles in a row for the first time…
Bitcoin failed to surpass the $7,200 resistance and declined below $7,000 against the US Dollar. BTC price is showing a few bearish signs, but the bulls are likely to protect $6,555.Bitcoin is declining and trading below the $7,000 support zone against the US Dollar.It is testing a major support near the $6,750-$6,800 region.There was a…
Bitcoin has been caught within a steady uptrend throughout the past month, with the benchmark cryptocurrency’s overtly bullish reaction to its capitulatory drop to lows of $3,800 looking increasingly like a long-term bottom.The bullishness of Bitcoin’s “V-shaped recovery” from these lows has significantly boosted investor sentiment, leading many market participants to forecast imminent upside in…
Bitcoin briefly dipped below $7,000 as the US oil prices collapsed to their two-decade low.The cryptocurrency’s price declined alongside US equities and Gold markets, again exhibiting a risk-on behavior.The US dollar, on the other hand, jumped on safe-haven demand.Bitcoin briefly fell below its $7,000-support in what appears to be a panic-sell caused by the upsetting…
Bitcoin price just broke below $7,000 Monday morning after a late Friday evening rally pushed the asset over the key level for the weekend.However, coronavirus concerns have returned to traditional markets, causing major turbulence to kick off the day, which may have also caused Bitcoin to tumble. Could a repeat of last month’s mayhem and…
Somehow, someway, Bitcoin has managed to rally over the past five weeks, amid the most uncertain economic conditions we’ve seen in years, even more so than since 2008’s Great Recession.The rally has been so strong that since the March 12th “Black Thursday” crash, the cryptocurrency has managed to print five — yes, five — green…
Bitcoin gained traction and settled above the $7,000 resistance against the US Dollar. BTC price is consolidating gains above the 100 hourly SMA and likely to grind higher towards $7,500.Bitcoin is rising steadily and it is positioned nicely above $7,000 against the US Dollar.There is a strong support base forming near the $7,050 and $7,000…