Bitcoin declined heavily from the $10,000 resistance against the US Dollar. BTC is currently correcting higher and it seems like the bulls are likely to push the price back above $9,000.Bitcoin found support above the key $8,200 and $8,000 pivot levels.A low is formed at $8,267 and the price is currently correcting higher.There is a…
There are many traders flipping bearish after Bitcoin’s strong retracement over the past day.As reported yesterday, Ethereum’s inability to hold $210 indicates that more downside is on its way for the leading altcoin. Ethereum dropping would likely result in weakness for Bitcoin, as the two cryptocurrencies tug each other in different directions.Yet, the technical evidence…
While trading Chinese yuan through Bitcoin may technically be banned in China, that hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency.This much was made clear on Sunday when Samson Mow, CSO of Blockstream, noted that according to data from Weibo (‘Chinese Twitter’), Bitcoin was a trending topic. This is the third…
Bitcoin saw an intense downwards movement yesterday that led the benchmark cryptocurrency to erase the gains that came about as a result of its latest push towards the coveted five-figure price region.The crypto’s drop led it to erase nearly $2,000 from yesterday’s highs.It has been able to recover a small portion of these losses, although…
Bitcoin witnessed some immense volatility yesterday that caused it to shed over $20 billion off of its market cap. This capitulatory decline came about shortly after the crypto navigated into the five-figure price region.This volatility was sparked after the crypto posted multiple failed attempts to break into the $10,000 region, signaling that the resistance here…
Just 24 hours ago, analysts expected for Bitcoin to gun for fresh highs past $10,100. The cryptocurrency was holding $9,800-10,000, seemingly poised to press even higher than it already had.Bears, however, had the upper hand, sending Bitcoin crashing by $2,000 within a day’s time. It was a move that liquidated $250 million worth of BitMEX…
Bitcoin is down more than 10% from the $10,090 high against the US Dollar. BTC found support near the 100-day simple moving average and it could start a fresh increase.Bitcoin climbed to a new monthly high at $10,097 before starting a downside correction.The recent pre-halving dump found support near the 100-day simple moving average.There is…
Bitcoin has embarked on a steep recovery over the past eight weeks. After falling as low as $3,700 in the middle of March, BTC has surged as high as $10,100 — a gain of over 170% in just the span of two months.Chart from TradingView.comIt’s a stunning performance that has allowed the cryptocurrency to outperform…
Bitcoin’s rally has shown some slight signs of slowing as it struggles to gain a solid foothold within the $10,000 region. The cryptocurrency is now consolidating as buyers attempt to gain greater support.It does appear that options traders are overwhelmingly beginning to flip short on the benchmark cryptocurrency – a sign that they are anticipating…
Bitcoin hasn’t done too hot over the past hour. After closing Saturday’s candle at $9,600, the cryptocurrency fell off a cliff, hitting a low of $8,100 on some exchanges on an influx of sell orders. This marked a nearly $2,000 reversal from where Bitcoin was trading at just 24 hours earlier.Few traders were ready for…