Bitcoin is trading in a positive zone above $9,150 and $9,200 against the US Dollar. BTC could start a strong rally if there is a clear break above $9,400 and $9,500.Bitcoin is slowly rising towards the key $9,400 and $9,500 resistance levels.There are high chances of a strong surge if the bears fail to defend…
The transparency of blockchain technology can be used to determine investors’ sentiment towards a given asset. By evaluating what large Bitcoin holders are doing, for instance, it is possible to estimate future price slumps or bullish impulses.Under this premise, Santiment, a behavior analytics platform, maintains that large BTC whales are preparing to push prices further…
Bitcoin’s halving is only a mere seven days away, and the bulls are already out in full force.However, according to an eerily similar price fractal that preceded oil’s recent, record-breaking fall into negative territory playing out on Bitcoin price charts, the halving may have the opposite effect than people are expecting.V-Shaped Bitcoin Recovery May Be…
Bitcoin’s halving is here in just one week, and the first-ever cryptocurrency is widely expected to rally as a result.But Bitcoin dominance has been consolidating at a key level. This could indicate that altcoins will soon outperform BTC with a sustained rally over the next several years.BTC Dominance Reached 0.5 Fib Level, Key Area for…
Bitcoin has seen some notable upwards momentum today that has allowed the benchmark cryptocurrency to surmount the heavy resistance that it was previously facing at $9,200.Today’s upwards breakout marks a bullish resolution to the extended bout of sideways trading that the crypto was previously facing while it hovered around $8,800 for the past several days.It…
The most recent push in Bitcoin price by bulls has resulted in the Relative Strength Index, or RSI, reaching full power.The commonly used trend-strength measuring tool hasn’t hit such overbought conditions since the June 2019 top. Does this mean that the first-ever cryptocurrency is topping out again, or is this just the start of a…
Bitcoin topped at $9,300 for the first time in a week on “halving FOMO.”The cryptocurrency’s upside move surfaced as the S&P 500 index pointed towards new gains at the Wednesday’s open on Wall Street.The gains across the board came despite concerns about the long-term impact of coronavirus on the global economy.Bitcoin prices rose on Wednesday,…
Unlike traditional assets, where many transactions are hidden, Bitcoin is almost entirely transparent. One may not know who made a transaction or who owns an address, yet people can gain access to data of transactions.It is a nearly inescapable fact that many have used to their advantage. One can analyze the data in order to get…
Bitcoin is struggling to gain bullish momentum above $9,000 against the US Dollar. BTC must climb above $9,200 to set the stage for a rally towards $10,000 in the near term.Bitcoin is trading in a broad range below the key $9,200 resistance zone.The price is consolidating above $8,800 and the 100 hourly simple moving average.There…
Bitcoin is once again in the process of peeking above the $9,000 level. The resistance that has been established at just above this price point has proven to be rather significant, as BTC has faced multiple harsh rejections at $9,200 and $9,500.Analysts are now noting that the cryptocurrency could be well positioned to see further…