Bitcoin is trading well above key supports on the daily chart against the US Dollar. BTC seems to be preparing for a crucial bullish breakout above the $10,000 resistance zone.Bitcoin traded as high as $10,390 before it started a minor downside correction.The price is currently trading well above the $9,000 support and the 100-day simple…
The multi-year bear market Bitcoin has been caught within in the time following its decline from highs of nearly $20,000 has shown few signs of ending anytime soon, as BTC has struggled to gain any solid footing within the five-figure price region.It is important to note that on-chain data shows that using Bitcoin’s all-time highs…
With Bitcoin failing to break past the highs it established earlier this year, there have been some commentators seriously considering a steep correction.Ross Ulbricht, the founder of the Silk Road and one of the cryptocurrency’s earliest adopters, postulated that there’s a serious chance Bitcoin could revisit the $3,000s and maybe even lower. Ulbricht cited Elliot…
Bitcoin’s on-chain indicators are flashing some signs of weakness despite the cryptocurrency’s sharp rebound from its recent lows.BTC has been subjected to some heavy volatility over the past several days, plunging to lows of $8,900 yesterday before rebounding up to the mid-$9,000 region.This price action has simply marked an extension of the multi-month bout of…
A new forecast from a chief Morgan Stanley executive claims the dollar is due for a severe crash that could benefit Bitcoin in a major way.What’s fueling this “inevitable” dollar collapse, and why does it make for a perfect storm for the first-ever cryptocurrency?Morgan Stanley Asia Chairman: The Dollar Is Inevitably Doomed For 35% CrashMorgan…
On December 17, 2017, Bitcoin price set a record for its all-time high, touching just under $20,000 before a reversal into a bear market took place.Since then, over 900 days have passed and with each new day, Bitcoin inches closer to setting a new record. According to past data, there may be another year or…
Bitcoin expects to extend its recovery rally towards $9,800 as the U.S. futures grows further.Both Bitcoin and the U.S. stocks have fallen and risen in tandem since the beginning of this week.Expectations of a strong retail sales report could push equities higher, assisting Bitcoin in logging similar upside moves towards $9,800.Bitcoin rallied Tuesday in sync…
Bitcoin recovered sharply after trading to a new monthly low at $8,910 against the US Dollar. BTC is now trading above the 100 hourly SMA, but it is facing a major resistance at $9,500.Bitcoin is up more than 4% and recovered most losses to trade above $9,400.The price is now facing a major hurdle near…
Bitcoin bore witness to an intense overnight decline that led it down to the sub-$9,000 region for a short while.This dip was quickly absorbed by an intense influx of buying pressure that helped send the cryptocurrency surging back into the lower-$9,000 region – which is where it has been consolidating at for the past several…
The growth of stablecoins in 2020 has been unlike anything seen before. Each week, more and more of the fiat-backed crypto assets are printed, nearly as fast and as often as the Federal Reserve is printing new cash.After the latest boost, the total stablecoin market cap has achieved a milestone of $10 billion. But what’s…