Since 2017’s blow-off top at $20,000, investors have been wondering when Bitcoin would be thrust into its next bout of parabolic growth. After all, crypto investors are used to rounds of rapid growth, then brutal drawdowns.Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi ExplodesBut, a key indicator is showing that the same…
Another week, another round of Crypto Tidbits. After falling as low as $6,500 this week, Bitcoin mounted a strong comeback over the past two days, rallying as high as $7,200 as bulls have taken over. Other cryptocurrencies have registered even more impressive gains.This renewed strength comes as the stock market has continued to rally higher and…
In the wake of the crash to $3,700, investors thought Bitcoin was on a certain path to fresh macro lows under $3,100. But, this has quickly changed as the cryptocurrency has embarked on a stunning recovery, reaching $7,500 last week on the back of hype regarding the May 2020 block reward halving.Unfortunately, the 100% move…
After another day of sideways trading, Bitcoin has once again been unable to close its daily candle above $7,200, making the cryptocurrency prone to seeing further weakness in the weekend and week ahead.The benchmark cryptocurrency may not be able to make any meaningful trend defining moves in the days ahead either, as one analyst is…
Bitcoin has held up surprisingly well throughout the past day, with buyers maintaining its price above $7,000 despite facing multiple firm rejections around $7,200. This has led some analysts to note that a break above this level could be imminent.This short period of consolidation also comes as a highly bullish fractal pattern emerges, which could…
Bitcoin has been showing a tight correlation with the stock market – the largest correlation in the asset’s young history.A historically accurate sell signal has just triggered across three major United States stock indexes, which not only could cause another major selloff across all markets, but it could cause Bitcoin and the rest of the…
Despite the bearish macroeconomic view, Bitcoin has performed extremely well over the past few weeks, rallying from the $3,700 lows to a high of $7,500 just last week. Even after a slight correction, the cryptocurrency remains around 90% higher than it did during the “Black Thursday” crash.But, some analysts are starting to worry that with…
After falling as low as $6,500 this week seemingly due to stock market weakness, Bitcoin has mounted a strong comeback over the past 24 hours, rallying as high as $7,200 as bulls have taken over. Other cryptocurrencies have registered even more impressive gains.$8,000, some analysts say, is next for Bitcoin as the technicals suggest that…
Bitcoin is currently trading in a broad range above the $6,500 support against the US Dollar. BTC is facing a major resistance near $7,500 and the 100-day simple moving average.Bitcoin is still in a larger downtrend below the $7,500 resistance against the US Dollar.The price is currently consolidating above the $6,500 support area.There is a…
Bitcoin’s intense overnight rally has stalled within the lower-$7,000 region, as the benchmark cryptocurrency has been unable to surmount the heavy selling pressure that has been firmly established just above its current price region.Its inability to push higher despite the overt bullishness of its swift rebound from lows of $6,600 may stem in part from…