Crypto traders have been closely watching the rapidly developing Coronvirus pandemic’s impacts on the global economy, as Bitcoin’s recent status as a risk-on asset has made it particularly prone to seeing volatility similar to that seen by the traditional markets.This risk-on asset classification may soon be nullified, however, as the benchmark cryptocurrency has seen a…
Bitcoin is showing a few recovery signs above the $6,760 support against the US Dollar. However, BTC price is still trading below a key bearish trend line and $7,000.Bitcoin is currently correcting higher and trading above $6,800 against the US Dollar.The bulls are showing a lot of resilience above $6,600, but the price is still…
Bitcoin is currently in the process of attempting to surmount the heavy resistance that has been established within the upper-$6,000 region, with this ongoing uptrend marking an extension of the momentum that was incurred when BTC rebounded from lows of $6,600.This volatility would naturally lead one to anticipate a rise in activity amongst retail traders,…
Bitcoin price is in recovery mode, after the first-ever cryptocurrency suffered a record-breaking collapse and fall to under $4,000, shocking the crypto community and the world at large.The selloff has led to extremely oversold conditions, according to the Relative Strength Index indicator. When combined with a Bitcoin valuation substantially below where the highly cited stock-to-flow…
Bitcoin is currently correcting higher from the $6,559 swing low against the US Dollar. BTC price is now testing the 100 hourly SMA and it is likely to struggle near $6,960-$7,000.Bitcoin is slowly recovering higher after trading as low as $6,559 against the US Dollar.The bulls were able to push the price above the $6,750…
Bitcoin has recaptured the support it had previously established at $6,800, with its rebound from daily lows around $6,600 being a bullish sign that seems to unveil some underlying strength amongst the benchmark cryptocurrency’s bulls.One analyst is now noting that the large clusters of volume that have occurred in tandem with Bitcoin’s previous capitulatory declines…
Bitcoin’s latest rejection within the lower-$7,000 region led the cryptocurrency to break below its key support at $6,800, a level that bulls are currently in the process of reclaiming.This ongoing rebound comes as bulls attempt to regain a key technical level that was lost in the recent selloff, with a sustained movement above this level…
Bitcoin price closed last night’s weekly candle as a shooting star doji, which could signal that a powerful reversal and epic plunge is coming when formed at the top of an uptrend.Is there more downside in Bitcoin’s near term future? Or was the recent drop to under $4,000 the final bottom before the next bull…
As Bitcoin attempts to gain a foothold above $7,000, analysts are noting that data shows large players within the market are currently foraying back into Bitcoin, which could be a sign that further volatility is imminent in the days and weeks ahead.Traders do seem to believe that this next movement will favor bears, as the…
Ahead of the weekly candle close in approximately eight hours, Bitcoin has embarked on a slight rally higher, retaking $7,000 just minutes ago as of the time of this article’s writing. With this, the cryptocurrency has rallied some 3.5% from the weekend low, but remains 7% below last week’s local high at $7,470.Analysts suggest this…