Somehow, someway, Bitcoin has managed to rally over the past five weeks, amid the most uncertain economic conditions we’ve seen in years, even more so than since 2008’s Great Recession.The rally has been so strong that since the March 12th “Black Thursday” crash, the cryptocurrency has managed to print five — yes, five — green…
Since hitting $9,500 last week, Bitcoin has entered a consolidation pattern around $9,000. The cryptocurrency has traded between $8,700 and $9,200 for days, failing to decisively break out of this range.Some say this is indicative of a market top. Yet others believe Bitcoin is poised to rally even higher, citing technical signals.One analyst even said…
A sudden upward surge has given rise to conjecture regarding the activities of influential market players, commonly called “whales,” who may leverage the price decline to amass Bitcoin holdings. Given the increasing allure of the cryptocurrency market, it is imperative to scrutinize recent occurrences that affect Bitcoin’s trajectory significantly. This examination will delve into these…
Over the past 30 minutes, the crypto market has mounted a surprise recovery: Bitcoin, after flatlining around $9,650 for some 36 hours, surged higher just this hour, reaching as high as $9,945 just minutes ago as of the time of this article’s writing.This rapid 2% gain from $9,700 liquidated a mere $15 million worth of…
After Bitcoin’s crash early this week, the cryptocurrency has found itself trying to establish a base for the next move.While there are many analysts professing that BTC is “showing weakness” at current, a prominent trader recently gave an in-depth explanation as to why he is buying the asset around the $8,500 to $8,600 level, where…
While the cryptocurrency didn’t perform that well in 2019, Ethereum (ETH) is one of the best-performing digital assets of all time, rallying from an ICO price under a dollar to the $160 where it is today. Related Reading: This Eerie Fractal Shows Why Bitcoin’s Price Could Soon Crash By 20%Despite this jaw-dropping gain in and of…
Ahead of Bitcoin’s block reward reduction or “halving,” BTC has performed extremely well.As this outlet reported previously, the cryptocurrency just printed its seventh consecutive week of gains. This is a technical feat last seen in April 2019, prior to the 300% bull market of that year.Calls have been mounting for Bitcoin to pullback, with Bloomberg…
Just 24 hours ago, analysts expected for Bitcoin to gun for fresh highs past $10,100. The cryptocurrency was holding $9,800-10,000, seemingly poised to press even higher than it already had.Bears, however, had the upper hand, sending Bitcoin crashing by $2,000 within a day’s time. It was a move that liquidated $250 million worth of BitMEX…
Quant (QNT) may be one of the lesser known cryptocurrencies compared to Bitcoin, Ethereum, XRP, Cardano and Dogecoin, but is one of those digital assets that is set for a bullish rally over the next few days. Quant’s notches 14.44% seven-day advance The crypto is expected to rise by 20% due to its bullish momentum…
Bitcoin’s precipitous drop to $6,600 seen last month caught many traders aback; nearly no one, not even the top traders and analysts, expected for that price action to play out as it did in real life. Few predicted the subsequent bounce to $7,800, where BTC sits as of the time of writing this, too.Related Reading:…