Bitcoin is trading nicely above the $9,200 and $9,000 support levels against the US Dollar. BTC is rising and it could gain bullish momentum if there is a clear break above $9,550.Bitcoin is trading in a positive zone above the $9,400 and $9,200 support levels.An immediate hurdle is near the $9,550 zone, above which it…
After attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days.BTC’s tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the loss of the key $9,500…
In 2019 the world was captivated by news of a Chinese-based crypto Ponzi scheme called PlusToken.The ringleaders of this scheme defrauded unsuspecting investors out of billions of dollars’ worth of crypto.The sale of these fraudulently obtained tokens was largely thought to have placed immense pressure on the crypto market, being part of the reason why…
Bitcoin has seen some immense volatility throughout the past several days and weeks, with its multiple bids to break through the $10,000 region all proving to be unsuccessful as it continues hovering within the $9,000 region.The price action seen in the time following Bitcoin’s initial break above $10,000 a few weeks ago can largely be…
The Bitcoin halving has now passed, and crypto investors everywhere are gearing up for the next bull market.According to a chartered market technician, a new uptrend forming isn’t just speculation and hype. The analyst claims while it may not happen “overnight” another leg up and a “strong uptrend period” will soon occur in Bitcoin.When Will…
Bitcoin saw a sharp decline today that led it down to lows of $9,200 before it rebounded back into the mid-$9,000 region. This price action made the cryptocurrency vulnerable to seeing further downside in the days and hours ahead.It is important to note that buyer aggressively confronted this dip with buying pressure, confirming that it…
Bitcoin has been consolidating in the time following its latest rejection at $10,000. This comes as the crypto’s mid-term market structure shows immense signs of strength, although in the short-term it does appear to be in a precarious position.In spite of this, analysts are now widely flipping long on Bitcoin, citing a price divergence and…
After what seemed like endless hype, the Bitcoin halving came and went this week. And as expected, with the cut in revenue each halving brings, miners have been dropping like flies.Crypto analyst and founder of Quantum Economics, Mati Greenspan noted that the Bitcoin hash rate tanked by as much as 36%, post halving. But, despite…
Bitcoin traded as high as $9,950 and recently started a downside correction against the US Dollar. BTC price is likely to remains well supported above $9,000 and it could continue higher.Bitcoin is currently correcting lower from the $9,950 and $10,000 resistance levels.The price is still trading well above the $9,200 support and the 100 hourly…
Good things don’t last forever it seems. After rallying 20% from the lows to tap $10,000, Bitcoin plunged $500 within the span of 20 minutes this hour, falling from ~$9,750 to $9,200 in that short period of time.It was an 8% reversal from the ~$10,000 highs of the Thursday trading session.Bitcoin price chart of the…