There have been many optimistic Bitcoin traders that have been expecting an imminent break into a bull market. Yet an analyst has said that it may be until the end of 2020 that the cryptocurrency markets enter a full-blown bull phase.Related Reading: Crypto Tidbits: Bitcoin At $9k, Grayscale Ethereum Trust, Cryptocurrency & PayPalBitcoin May Have…
Bitcoin faces a critical second half of the year as its correlation with the S&P 500 index nears 43 percent.While both markets have rallied impressively from their March 2020 lows, they are far from confirming a V-shaped recovery due to resurgence in the COVID cases.Meanwhile, the Federal Reserve’s fiscal support measures are ending in July,…
Bitcoin has acted weak over the past few days, falling as low as $8,950 as touching $9,800 on Monday. Yet there are technical signals suggesting that a bull trend is soon to appear.One signal that was last seen at the start of the March crypto rally is about to appear again. And that’s good for…
It’s been a quiet past few weeks for Bitcoin.After reaching $10,400 at the start of June, the cryptocurrency has seen a correction and now trades in the low-$9,000s.Although a bear trend has yet to form, many have stated that the rejection BTC faced at $10,400 was bearish. After all, $10,400-10,500 is the exact region Bitcoin…
After a series of higher lows above the current support level, Bitcoin looked primed for a move higher. However, a recent drop setting a lower low on daily timeframes has potentially started a short-term downtrend.And according to a trend measuring tool, this drop may have a lot further to go.Bitcoin Sideways May Finally Be Over,…
Former Washington lobbyist Jack Abramoff has agreed to plead guilty in a case involving a cryptocurrency scam.How did this former filmmaker turned lobbyist end up involved in a cryptocurrency scam? And who exactly is Jack Abramoff?Former Lobbyist and Hollywood Filmmaker Involved in Cryptocurrency ScamLobbyist Jack Abramoff has been hit with dual charges related to a…
Bitcoin solves many problems, from monetary policy mishandling to acting as the first decentralized store of wealth.But could it also be a solution to Venezuela’s sanctioned and stuck-at-sea oil problem? Rather than aimlessly floating at sea, the oil could be put to much better use.Venezuela Has Over 18 Million Barrels Of Sanctioned Oil Floating At…
Bitcoin’s long-held bout of sideways trading may soon be coming to an end, as the cryptocurrency is currently flashing signs of overt weakness as it hovers around the lower boundary of its long-held trading range.Analysts do believe that this sideways trading will result in a downwards movement.One technical indicator recently flashed for the first time…
Bitcoin is far from a full-blown bull market.Every attempt at rally upward has been smacked down by bears. The latest of which was the rally to $9,800 on Monday, which was followed by an $800 rejection and millions in liquidations.Yet a top cryptocurrency fund is still holding a bull bias. The company’s executives wrote in…
Bitcoin has spent the last two months trading in a tight range between $8,500 and $10,000. Prices have barely deviated from these boundaries, save for minor deviations that were quickly corrected.Some say that this consolidation is a “launchpad” for the bull market. Yet the argument that Bitcoin’s recent price action is the cryptocurrency topping recently…