Bitcoin has traded in a relatively tight $2,000 range over the past two months after a rejection in the $12,000 region. The slow price action in the leading cryptocurrency also comes as legacy markets, such as the S&P 500 and precious metals, have undergone some stagnation. Bitcoin’s inability to break higher after retaking crucial long-term…
Bitcoin price is slowly recovering from the $10,387 low against the US Dollar. BTC broke the $10,650 resistance and it might soon test the $10,800 resistance or the $10,900 barrier. Bitcoin started a fresh upward move above the $10,550 and $10,650 resistance levels. The price is up 2%, and it is trading above the $10,700…
Bitcoin has been consolidating between $10,000 and $11,000 over the past month, barely deviating from this relatively tight range. A crucial fractal analysis predicts that the cryptocurrency is primed to break out of this range in the coming days and weeks. Here’s more on why. Related Reading: Ethereum Transaction Fees Surge to All-Time Highs After…
The Bitcoin market is shaking off the strong correction to $10,400 last week. The leading cryptocurrency currently trades for $10,700, a few percent above those lows as buyers come in ahead of the legacy market open on Sunday. In the past 24 hours, Bitcoin is up a healthy 1%, allowing it to actually outperform a…
Bitcoin has been caught within the throes of a macro uptrend since March, despite the cryptocurrency facing immense selling pressure over the past month that has led it down from highs of $12,400. As of late, the crypto has been witnessing multiple ongoing events that have created some turbulence, although bulls have been stopping it…
Bitcoin failed to surpass the $11,000 resistance and started a fresh decline against the US Dollar. BTC is now well below the 100 SMA (H4) and it could decline further towards $10,000. Bitcoin failed once again to clear the $10,950 and $11,000 resistance levels. The price is now trading well below $10,750 and the 100…
Bitcoin has seen muted price action over the past few days after plunging from the $10,900 weekly highs as a result of negative new regarding BitMEX. Gold may soon be primed to retake a crucial support level on a medium-term scale, which may help to boost BTC after the aforementioned correction. Related Reading: Ethereum Transaction…
Bitcoin is expected to soon see a strong breakout as the price action of the cryptocurrency tightens after the news that the U.S. CFTC is charging BitMEX. Related Reading: Ethereum Transaction Fees Surge to All-Time Highs After Uniswap Launch Bitcoin Primed to Break Out, Technical Trends Show Bitcoin’s price action has undergone extreme tightening over…
BitMEX has long been a source of polarization within the crypto industry. Despite many traders blaming it for the so-called “scam wicks” and immense volatility within the crypto markets, it remained the largest and most widely used Bitcoin trading platform. Its dominance over this fragment of the market has been waning over the past few…
Bitcoin price is currently back over $10,500, holding on after a brief crash to under $10,400 on the heels of several pieces of extremely negative news. The recent news normally would be enough to send the crypto market collapsing, highlighting just how resilient support at $10,000 has been so far. Bitcoin Price Holds Strong At…