Just ahead of last night’s daily close, Bitcoin price exploded above $10,000 in a powerful break of the asset’s most important resistance, liquidating overleveraged shorts along the way.But Sunday night’s daily price candle coming to a close also opened a new weekly price candle, which also triggered a TD 9 sell setup. It’s that signal…
After a relatively long stagnation phase, volatility has returned, and Bitcoin has done nothing but shoot up. Several indexes suggested that a price breakout was imminent. But nobody would have thought that the $10,000 resistance level will break so easily.The recent price action sent investors and market participants alike into “greed,” according to the Crypto…
The popular crypto exchange Coinbase has come under scrutiny recently by the greater cryptocurrency community, after widespread frustration over system outages during peak Bitcoin volatility has boiled over.What’s causing the issues and why can’t Coinbase keep up with the meager crypto demand currently, and what does this mean for the next bull market if and…
After coiling under $10,000 for days, Bitcoin saw an explosive breakout on Monday.The cryptocurrency reached a local high of $10,429 during the surge higher, around $1,000 higher than where it had traded at just days earlier. $10,429 is the highest price BTC has traded at since February’s highs.While the price action has undoubtedly been bullish…
Bitcoin has seen some bull-favoring price action throughout the past day, rallying up to highs of $9,600 overnight after buyers absorbed the selling pressure that led it down to lows of $9,300.The cryptocurrency now appears to be well-positioned to see further upside in the days and weeks ahead, as it is currently in the process…
Bitcoin has finally done it. Minutes ago, the asset rocketed past $10,000 for the first time in weeks, reaching as high as $10,250 in a massive surge upward. This was a more than 7% jump from where the cryptocurrency was trading prior to the move.Traders were largely unaware that this move was going to happen.As…
Despite major volatility caused by the halving, Bitcoin has ended yet another Q2 in the green. After showing poor performance in Q1 being down 10% QoQ, Bitcoin closed the year’s second quarter with a price increase of 48.56 percent.Bitcoin Finally Gets Out Q1 RutThe economic downturn caused by the COVID-19 pandemic has left the crypto…
It appears Bitcoin missed a medium-term upside target above $11,500 after undergoing a significant sell-off in March 2020.The major northward move had appeared out of a Falling Wedge breakout.Bitcoin reentered the Wedge after the crash and followed it with a breakout towards a new bull target near $9,500.The cryptocurrency is still eyeing $11,500.Bitcoin is sending…
Bitcoin eyes market growth heading into June as yuan falls to its lowest levels in eight months.Both assets have shown an erratic negative correlation in the past.Goldman Sachs sees yuan falling to its 2008 low, raising possibilities of an explosive price rally in the Bitcoin market.With halving in rearview, Bitcoin traders are now looking at…
Bitcoin has mounted a strong recovery since the lows seen last week. The leading cryptocurrency traded as high as $9,750 on Saturday, over 13% higher than last weekend’s lows.Even still, there remain textbook technical indicators suggesting there is a “high chance” BTC sees a correction in the coming weeks. According to the analyst that made…