Bitcoin’s prolonged bout of sideways trading seen throughout the past couple of days may soon be coming to an end, as analysts are now noting that several technical factors point to the possibility that an explosive movement is imminent.This also comes alongside a mass exodus of Bitcoin from exchanges, according to new data, which may…
For more than the last 100 years, the US dollar has reigned supreme over the rest of the world as the global reserve currency. But with the economy in shambles, and hyperinflation inbound for the US dollar, will Bitcoin unseat the dollar as the global reserve currency that rules for the next one hundred years?Recapping…
After multiple failed attempts to break above the heavy resistance that Bitcoin has faces around $6,900, the benchmark cryptocurrency has once again fallen into a bout of sideways trading around $6,600.This consolidation phase is also occurring against a backdrop of bullishness within the traditional markets, with BTC being fully exposed to the downside of the…
The narrative surrounding Bitcoin has often changed, starting as a peer-to-peer form of digital cash, to a store of value, and eventually, to a safe haven asset like gold.The concept that Bitcoin will someday behave similarly as the precious metal is becoming increasingly valid after more than a year of correlation alongside the original safe-haven…
Just two short weeks after Bitcoin price set a record for one of its largest single-day collapses in the asset’s young history, the latest sequence of price action has led to a devastatingly accurate sell signal, that’s preceded some of the asset’s most dangerous drops.Is the first-ever cryptocurrency preparing for more carnage in the days…
Bitcoin is facing a strong resistance near the $7,000 level against the US Dollar. BTC price is likely forming a double top pattern near the $7,000 level and it could dive below $6,400.Bitcoin is forming a bearish breakdown structure below $7,000 against the US Dollar.A double top pattern is forming with resistance near $7,000 and…
Over the past few weeks, Bitcoin has performed surprisingly well, rallying as high as $7,100 (on Bitstamp) just days ago, surging higher from the $3,800 bottom seen during the March 12th to 13th capitulation. Even though the bull trend has been exhausted, BTC continues to trade at $6,600, consolidating in the mid-$6,000s as it determines…
Bitcoin and equities investors alike are closely watching to see whether or not the United States Senate is able to pass a massive $2 trillion economic stimulus package that is expected to be voted on today.The result of this vote will be quite telling as to just how far the government is willing to go…
The current monthly candle on Bitcoin price charts is unlike any other that can be found since the bear market first began, with a massive bottom wick nearly double the length of the candle body itself.Should Bitcoin price close the monthly candle at around or above $8,000, it would form a powerfully bullish reversal candlestick…
April 1st, 2019 kicked off a massive rally in Bitcoin that over the course of the three months that followed, the cryptocurrency rose from $3,000 to $13,000.Will Bitcoin price rally once again this April Fools’ Day, or will the market not fall for the same tricks as the last time around?Fool Me Once: Bitcoin’s 2019…