The shocking Bitcoin rally has resulted in the cryptocurrency reaching two times its previous all-time high. Meanwhile, most altcoins have yet to return to the high they set years ago. This strange occurrence recently with altcoins growing in USD value, but getting hammered on BTC pairs has led the market into “uncharted territory,” according to…
A recent volatile run-up in the Ethereum and Bitcoin markets has exceeded their value into “overbought” regions, as per Relative Strength Indicator (RSI). In retrospect, the RSI is a momentum indicator that measures the magnitude of recent price changes in an asset to determine its overbought or oversold conditions. Displayed as an oscillator, it can…
Bitcoin looked to end its first official week on a strong note as its price claimed another record high this Friday. The benchmark cryptocurrency soared above $41,000 for the first time since its inception, hitting an all-time peak of $41,499 before correcting lower. Its gains appeared shortly after the European equities reported profits in early…
Bitcoin price surged above the $40,000 level before correcting lower against the US Dollar. BTC traded below $38,000, but it is likely to find a strong support near $36,500 or $35,200 Bitcoin extended its rally above the $38,000 and $40,000 resistance levels. The price started a downside correction from a new all-time high at $40,400,…
Bitcoin momentarily blasted above $40,000 today, doubling its previous peak set back in 2017. A huge rejection took place shortly after the level was overcome, prompting a $4,000 drop near instantly. But as eager buyers stepped in to “buy the dip” on Coinbase, they were met with frustration and disrupted services. And because Bitcoin is…
Bitcoin has seen some wild price action today, setting new all-time highs before facing a 10% pullback that took place over the span of a few minutes This pullback was short-lived and has mostly been erased in the time since This type of volatility is to be expected in bull markets and is certainly not…
Crypto enthusiasts expected Bitcoin to pick up momentum in 2020 thanks to the asset’s block reward halving mechanism. At best, investors anticipated a repeat of the 2017 rally, but the law of diminishing returns made such a scenario an unlikely reality. But instead, the current uptrend is now the second most powerful in the cryptocurrency’s…
Bitcoin has been erupting higher in spite of the chaos in the U.S. capital. The leading cryptocurrency just moved past $40,000 for the first time ever, reaching prices 100% over where the cryptocurrency was just weeks ago. BTC has since pulled back slightly as there has been some selling pressure at that key psychological level.…
Bitcoin rallied continued during the European session Thursday as traders ignored Washington’s political unrest to focus instead on the potential for higher sovereign spending. The BTC/USD exchange rate established a new record high of $38,180, adding 10 percent to what has been a relentless uptrend in the last four quarters. While the pair pared some…
Bitcoin price started another rally and broke the $35,500 resistance against the US Dollar. BTC traded to a new all-time high near $37,400 before starting a consolidation. Bitcoin is up over 10% and it broke the $35,500 and $36,500 resistance levels. The price traded to a new all-time high close to $37,400 it is still…