When it comes to the likelihood of Bitcoin losing its crown as the leading cryptocurrency, Michael Saylor of MicroStrategy thinks there’s zero chance of that ever happening. But is he right? After all, when it comes to tech, Bitcoin is way behind the competition. The Case Against Bitcoin Since day one, Bitcoin has managed to…
Bitcoin price has seen some serious volatility ever since Elon Musk revealed on Twitter that his company Tesla would begin accepting Bitcoin as a form of payment. Almost immediately, the social media platform was filled with screenshots of those filling orders, but these eager buyers ready to exchange their coins could end up living with…
Bitcoin price is reeling from a strong rejection from above $60,000 that has sent the leading cryptocurrency by market cap tumbling back down by more than $10,000 per coin. However, massive ongoing outflows of BTC continue to leave popular cryptocurrency exchange Coinbase Pro at an alarming rate. The overall lack of BTC supply that only…
Key Bitcoin Points Bitcoin rose ahead of the New York opening bell on Tuesday. Traders flocked to re-accumulate the cryptocurrency as it reached a classic support level. Trading inside a short-term falling wedge, bitcoin now anticipates extending its rebound towards $58,000. Bitcoin climbed higher ahead of the US trading hours Tuesday after dipping to $53,000…
Bitcoin price extended its decline below the $55,500 support zone against the US Dollar. BTC is currently recovering, but it is likely to struggle near $55,500 and $56,450. Bitcoin failed to clear $58,000 and it started a fresh decline below $57,000. The price is now trading well below $56,450 and the 100 hourly simple moving…
Bitcoin price is down nearly 10% from recent highs set earlier this month, but the underlying strength of the price action is beginning to fade ever so slightly. The weekly MACD is also turning , potentially ready to cross over for the first time in months. Here’s how such a bearish crossover could result in…
Bitcoin price is struggling to get back over $60,000 where the current all-time high record stands. However, according to one top crypto researcher’s take on the cryptocurrency’s Energy Value, the top is still as much as 350% away from here. A rise from current prices by 350% as predicted, would bring the price per coin…
Bitcoin is up more than 200% since mid-December and is hovering around $57k. The cost now feels like an insurmountable hurdle to breach for many who were previously on the fence. To those people, MicroStrategy CEO Michael Saylor says, “you haven’t missed the boat.” Bitcoin is The Ultimate Hedge to Hold Against Inflation Speaking to…
Bitcoin price failed to gain strength above the $60,000 resistance against the US Dollar. BTC is showing a few bearish signs and it could decline towards $54,500. Bitcoin struggled to clear the $60,000 resistance and it declined below $58,000. The price is now trading well below $58,000 and the 100 hourly simple moving average. There…
Bitcoin price is struggling to clear the $60,000 resistance against the US Dollar. BTC is likely to start a strong decline if there is a close below the $57,000 support. Bitcoin failed to clear the $60,000 level and started a fresh decline below $59,000. The price is still well above $55,000 and the 100 simple…