Following a brief selloff that led Bitcoin down to lows of $5,800 overnight, the crypto has been able to post a strong and sustainable rebound that has since led it to climb towards $6,500, with bulls currently attempting to reclaim its previous position within the upper-$6,000 region.It now appears that bulls are in the process…
In the past 20 minutes, Bitcoin has traded above $6,500, marking a rapid 12% gain from the $5,800 bottom seen on Sunday evening (UTC).Due to this move, the BitMEX funding rate on the Bitcoin (XBT) contract surged by 990%, according to data from Joe McCann, a cryptocurrency trader and AI/cloud specialist at Microsoft. According to…
Bitcoin’s decline to lows of $5,800 overnight was met with significant buying pressure that subsequently allowed the cryptocurrency to climb higher, with BTC bulls now attempting to reclaim the crypto’s previous position within the upper-$6,000 region.This early morning rebound came about after a short bout of intense selling pressure, and buyer’s ability to absorb this…
Throughout 2020 thus far, Bitcoin has been showing a tight correlation with major stock indexes like the Dow Jones and the S&P 500.If this continues, and a “fractal of doom” plays out on the Dow Jones, it could spell complete and utter disaster for Bitcoin and the rest of the crypto market as well, potentially…
Bitcoin declined sharply below the $6,200 support against the US Dollar. BTC price found support near $5,850 and it is currently recovering towards a couple of key hurdles.Bitcoin is correcting higher from the $5,846 swing low against the US Dollar.The price is showing positive signs above the $6,000 level, but there are many hurdles on…
The aggregated crypto market has been struggling throughout the past few weeks, with it incurring an insane selloff that was catalyzed by Bitcoin’s decline from its mid-February highs of $10,500 to lows of $3,800.This selloff did significant damage to the market’s technical strength, leading many investors and analysts to adopt a bearish sentiment – a…
Bitcoin hasn’t done too well over the past few hours. As reported by this outlet previously, the cryptocurrency just tumbled under $6,000 just hours ago, falling under this key psychological level for the first time in a week.Related Reading: Crypto Tidbits: Bitcoin Holds $6,000s, Federal Reserve To Do “QE Infinity,” U.S. Digital Dollar ProposedThe cryptocurrency…
After a day-long period of consolidation within the lower-$6,000 region, bulls have once again lost their footing, with bears catalyzing a break below the support that had been established at $6,000.This has led analysts to note that Bitcoin is fast approaching a “bounce or die” level that buyers must defend, or else the benchmark cryptocurrency…
For the first time in just under a week, Bitcoin has tumbled under $6,000, extending Friday morning’s losses of 10%. As of the time of writing this, the cryptocurrency trades for $5,930, having hit $5,895 just minutes ago as of the time of this article’s writing.While this price action just transpired, many analysts believe it’s…
Bitcoin’s sharp overnight selloff marked a firm end to the bout of consolidation that it had been experiencing over the past few days, with this movement sending BTC reeling down to its key support within the lower-$6,000 region.Although this movement was overtly bearish and did seem to degrade the cryptocurrency’s near-term market structure, it is…