Bitcoin avoided a major downtrend and recovered from the $8,680 support against the US Dollar. BTC price is trading above $9,000, but it must clear $9,300 to start a strong increase.Bitcoin is up more than 4% and it climbed above the $9,000 resistance.The price is trading well above the $9,100 level, but it is still…
After holding under $9,000 for days on end, Bitcoin surged higher to hit $9,200 on Wednesday morning.It was a small move in percentage terms but still notable in terms of its technical significance. $9,000, after all, has been defined as a key level for Bitcoin both technically and psychologically.With the price breaking out once again,…
Bitcoin has rallied strongly since the $3,700 lows established in March. From the bottom of the crash, the cryptocurrency is now up just shy of 150%.Although this upswing has convinced many in the industry that the bear market is over, some beg to differ. Prominent analysts and commentators say that the cryptocurrency has a chance…
Because Bitcoin is an asset unlike anything else before it, analysts use a set of unorthodox, uniquely developed tools for fundamental analysis.One of these tools praised as “one of the greatest ever” indicators, is currently “screaming buy.” The only previous three times this indicator gave buy signals, it resulted in an average of over 5,000%…
Bitcoin has been subject to troubling price action over the past week.Since the May highs of $10,000 established in the wake of the halving, the cryptocurrency has been in a clear downtrend, with BTC now trading at $8,800 as of the time of this article’s writing. At the local lows, Bitcoin traded as low as…
Bitcoin has once again found itself caught within a bout of sideways trading as it struggles to garner any momentum as it hovers around the $8,800 region.This is around the price point at which it has been trading at throughout the past couple of days, and it does appear to be a critical support level.Although…
The mounting tensions between the US and China as a result of the ongoing pandemic have contributed to global instability and could ultimately provide a major boost to Bitcoin.The United States House of Representatives is now spearheading an effort to delist Chinese stocks from the US markets, claiming that they have long been able to…
A long-term trend following indicator is about to flip bearish on Bitcoin for only the fourth time in the asset’s short, eleven-year history.However, it doesn’t necessarily mean that more downside is coming for the first-ever cryptocurrency before the next bull market and manic, FOMO-buying phase begins.Long-Term Gaussian Channel About to Flip Bearish, But Indicator Can…
All throughout the crypto market, small-cap altcoins going on massive rallies brought back the return of talk about an impending altcoin season. However, a pair of coinciding sell signals triggering on Ethereum price charts likely brings what little, short-lived alt season that did take place to a conclusion already.Bitcoin and Other Major Crypto Assets Lead…
Bitcoin‘s hash rate, a measure of the amount of processing power fueling the cryptocurrency’s underlying blockchain protocol, has fallen to a low beyond the levels seen following the Black Thursday market collapse aftermath.Does this mean yet another, more severe selloff is possible in the day and weeks ahead?Bitcoin Hash Rate Falls To Levels Below Post-Black…