Bitcoin has been showing immense signs of strength throughout the past few weeks, and its uptrend is showing no signs of slowing down as bulls work to flip $16,000 into a support level. This price level has long been strong resistance for the cryptocurrency, but it has been able to post what appears to be…
The crypto market is a confusing space. Not only do investors need to pay careful attention to Bitcoin market cycles driving the overall sentiment, but also to the relationship between BTC and altcoins like Ethereum and Litecoin. As two of the top altcoins with the most longevity in the market, Ethereum and Litecoin can be…
Bitcoin has begun to thrust higher once again after an extended bout of consolidation under $16,000. The leading cryptocurrency currently trades for $16,150, up 3% in the past 24 hours alone. BTC has begun to outpace altcoins once again, with most digital assets actually recording losses against the U.S. dollar today. At $16,150, Bitcoin is…
The price of Ethereum is struggling against both Bitcoin and the U.S. dollar again, while BTC is surging with momentum. A similar trend occurred throughout October when BTC rose while ETH stagnated for a prolonged period. The most likely reason behind the stagnancy of Ethereum amidst an ongoing Bitcoin rally is BTC vacuuming the volume…
The Bitcoin price rediscovered its form yesterday with a 4% gain on the day. Today sees a continuation of that form, as buyers managed to break $15.8k resistance. Sustained buy pressure could see a push past $16k, a level not seen since January 2018. Source: BTCUSDT on TradingView.com Analysts have attributed Bitcoin’s recent renaissance to…
Bitcoin hit a bull’s eye ahead of the New York opening bell Thursday as its price closed above $16,000. The flagship cryptocurrency did not extend its welcome, falling prey to a moderate selling bias that led it back below $16,000. Nevertheless, it found a concrete support level above $15,550, from where it attempted another bull…
A flash pump in the early London hours Thursday led the Bitcoin price above $16,000. As of 1000 GMT, the BTC/USD exchange rate topped for the day at $16,169, a level last occupied in January 2018 when the pair was correcting lower after establishing its record high near $12,000 the previous month. The sudden upside…
Bitcoin price regained momentum and broke the $15,800 resistance against the US Dollar. BTC is trading nicely above the $15,500 support and the bulls seem to be aiming a break above $16,000. Bitcoin gained over 2% and it spiked above the $15,850 resistance zone. The price is currently trading well above the $15,500 support and…
Bitcoin has undergone a strong rally over the past few weeks and months, showing it does have value even in a world where there is much uncertainty. Driving this rally, analysts say, are institutional players. One crypto-asset analyst “Light” noted that from the data he has, he can tell there are serious institutional players that…
Bitcoin has shown some immense signs of strength today as buyers aim for a $16,000 break. If this level is shattered, the cryptocurrency could be poised to see some immense gains in the coming few days. This level has catalyzed multiple strong rejections throughout the past few weeks, which indicates that bears may put up…