Bitcoin may have crashed 50% in a single day in March, but this hasn’t stopped traders from investing in the cryptocurrency. In fact, a number of data sources suggest that a majority of investors are starting to load up on their BTC positions, despite the uncertainty in the global economy.Bitcoin Investors Are Buying At a…
Bitcoin has surged by up to 24 percent ahead of closing the week despite the Coronavirus-induced global market sell-off. Nevertheless, the benchmark cryptocurrency could end up losing a large chunk of its gains heading into the new seven-day timeframe.That is because of two bearish indicators. As Bitcoin trends upward, it is leaving behind a trail…
Bitcoin has once again found itself caught within a bout of sideways trading within the upper-$6,000 region following yesterday’s firm rejection at $7,300. Although the technical damage done by this movement appeared to be overtly bearish, BTC has been able to hold steady.Analysts are now noting that BTC’s weekly candle is shaping up to be…
Over the past three weeks, since Bitcoin hit $3,800 in a capitulation event, the cryptocurrency market has mounted an extremely strong recovery. In fact, just the other day, the cryptocurrency shot some 10% higher within a few hours’ time, rallying from $6,600 to $7,200 in a strong upward swing that liquidated dozens of millions worth…
Despite the crypto crash that transpired last month, emotions are running hot; leading investors think Bitcoin will near its $20,000 all-time high, established at the end of 2017, in the near future. Here’s why they’re so optimistic.Related Reading: King of the Hill: Top Crypto Investor Explains Why Altcoins Are Highly RiskyBitcoin Investors Think Price Will…
Bitcoin price may be trading as much as 40% lower than it was at the start of they year, but the low prices are causing significantly more buy pressure in the cryptocurrency market than the massive early 2020 rally that took the asset to over $10,000.Remembering Bitcoin’s Rally in Early 20202017 was all about Bitcoin’s…
With an economic collapse upon us, it has revived discussion around the concepts that prompted the creation of Bitcoin.And although the asset could have its finest hour in the face of the coming hyperinflation, ironically, the first-ever cryptocurrency’s existence currently depends on the banks that it was designed to replace. Will this ever change, or…
Since Black Thursday, which saw Bitcoin bottom at $4.6k on the day, the number one cryptocurrency has since been range-bound with strong resistance at the $6.8k level.Although it’s been able to post definite gains since that recent low, some analysts expect to see a further breakdown as the knock-on effects of the pandemic wreak havoc…
Bitcoin surged above the $7,000 resistance and reached the $7,200 bullish target against the US Dollar. BTC price is currently correcting lower and it could test the $6,500 support area.Bitcoin rallied significantly above the $6,800 and $7,000 resistance levels against the US Dollar.The price tested the $7,200 target (as discussed yesterday) before correcting lower.There is…
In a jarring early-morning movement, Bitcoin blew past the resistance it was previously facing within the upper-$6,000 region, with this rally allowing bulls to significantly bolster their near-term technical situation.Analysts are now widely noting that the strength of this movement is likely to lead it significantly higher, with short positions getting punished.One prominent veteran trader…