Bitcoin’s near-term outlook is growing gloomy as it continued trading within the mid-$9,000 region.After attempting to break above $10,000 yesterday, the benchmark cryptocurrency is now facing heightened selling pressure that has led it down towards $9,500. The support here has been strong in the past, but it remains unclear as to whether it will remain…
Bitcoin throughout its short decade long history has been on a steady uptrend in price and in a secular bull market. But while price is rising, volatility has long been trending down.But what are the reasons behind this trend, and what exactly does this mean for Bitcoin the near and long term?Early Exponential Growth In First-Ever…
Veteran hedge fund manager Paul Tudor Jones on Wednesday criticized the Federal Reserve’s quantitative easing policy.He warned that the central bank might lose track of the inflation that would follow its unprecedented bond-buying programs and lower interest rates.Tudor Jones last month announced that he is investing in Bitcoin as a protective measure against inflation.Billionaire hedge…
Bitcoin failed at yet another attempt to break bullish above $10,000 on Wednesday.The cryptocurrency’s sharp pullback from the crucial resistance level has raised its possibilities of falling towards $8,800.One prominent analyst sees the breakdown as an opportunity to launch a bull run above $10,000.Bitcoin could be at risk of crashing towards $8,800 this month, according…
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…