Bitcoin is gaining bullish momentum and it broke the $9,800 resistance zone against the US Dollar. BTC price is likely to continue higher if it settles above the $10,000 resistance zone.Bitcoin is slowly moving higher and it is trading above the $9,800 and $9,720 support levels.A successful daily close above the $10,000 level could spark…
Bitcoin bore witness to some intense volatility today that came about after the cryptocurrency’s price rocketed past $10,000 before facing yet another harsh rejection that led it back into the $9,000 region.This price action has once again resulted in BTC falling into the same consolidation channel that it was previously caught within, and its mid-term…
Bitcoin’s long-held consolidation phase within the mid-$9,000 region may soon come to an end, as analysts are now noting that the resistance at $10,000 is beginning to evaporate.This isn’t to say that the cryptocurrency is overtly bullish at the moment, as there still exists a multitude of different factors that could hamper the growth it…
Bitcoin price just broke out from the tight trading range its been trading it for days between $9600 and $9800, and moments later found itself tapping resistance at $10,000 once again.The spike was quickly rejected, but Bitcoin appears to be consolidating and ready for another attempt to breakthrough. Will the rejection force prices lower or…
This morning, Ethereum network fees surged to over $2.6 million in a single hour. The spike in the metric was primarily due to one actor sending just 0.55 ETH, but paying over $2.5 million in USD value to do so.Was this a costly mistake this user crypto user won’t soon forget, or is there something…
A shockingly similar fractal from the S&P 500 during the 2008 recession Bitcoin was born from is playing out across the cryptocurrency’s price chart.If the first-ever crypto asset continues to follow the same path as the SPX did back then, Bitcoin will set a new all-time high record before the end of 2020.S&P 500 Recession…
The beginning of the month was quite chaotic for Bitcoin and those trading it.On June 1, the flagship cryptocurrency was able to slice through the $10,000 resistance level for the first time since mid-February. But a few hours later, BTC plummeted by more than $1,000 in less than five minutes.The wild price action resulted in…
Over the past few months, we’ve seen a strong uptick in institutions adopting Bitcoin and crypto-assets.Nothing shows this as well as Grayscale’s Bitcoin Trust, a leading way that institutional investors can use to gain exposure to cryptocurrency. According to NewsBTC’s research, the trust brought in 62,972 BTC over the past 12 weeks. Over that same…
The stock market has been caught within an intense uptrend over the past couple of days while Bitcoin consolidates within the upper-$9,000 region.The ongoing equities rally has come about due to renewed hopes of the economy seeing a “V-shaped” recovery due to most countries across the globe easing their pandemic-related lockdowns.Recent employment data within the…
Bitcoin has seen some generally lackluster price action throughout the past several days and weeks, struggling to garner any decisive momentum as it hovers within the mid-$9,000 region.This price action has muddied the clarity that many analysts previously had as to just how strong the cryptocurrency’s uptrend truly is, and has shaken the confidence of…