Bitcoin price just touched over $9,500, while altcoins have set new lows on their BTC trading pairs.Amidst the crypto confusion, a highly reliable indicator just gave a mixed bag of signals that has only added to the usual state of the cryptocurrency market.Crypto Market Assets Appear to Be Deviating in Correlation CycleThe crypto market is…
Bitcoin’s halving is less than one week away. The crypto asset is trading at the top of a multi-year chart formation. And tonight is the Full Flower Moon.Is the stage set for a major halving-fueled Bitcoin breakout during tonight’s full moon?Stars Align For Major Cryptocurrency BreakoutBitcoin price is currently trading at over $9,300. The key…
Bitcoin’s halving is only a mere seven days away, and the bulls are already out in full force.However, according to an eerily similar price fractal that preceded oil’s recent, record-breaking fall into negative territory playing out on Bitcoin price charts, the halving may have the opposite effect than people are expecting.V-Shaped Bitcoin Recovery May Be…
Bitcoin’s halving is here in just one week, and the first-ever cryptocurrency is widely expected to rally as a result.But Bitcoin dominance has been consolidating at a key level. This could indicate that altcoins will soon outperform BTC with a sustained rally over the next several years.BTC Dominance Reached 0.5 Fib Level, Key Area for…
Bitcoin has seen some notable upwards momentum today that has allowed the benchmark cryptocurrency to surmount the heavy resistance that it was previously facing at $9,200.Today’s upwards breakout marks a bullish resolution to the extended bout of sideways trading that the crypto was previously facing while it hovered around $8,800 for the past several days.It…
The most recent push in Bitcoin price by bulls has resulted in the Relative Strength Index, or RSI, reaching full power.The commonly used trend-strength measuring tool hasn’t hit such overbought conditions since the June 2019 top. Does this mean that the first-ever cryptocurrency is topping out again, or is this just the start of a…
Bitcoin topped at $9,300 for the first time in a week on “halving FOMO.”The cryptocurrency’s upside move surfaced as the S&P 500 index pointed towards new gains at the Wednesday’s open on Wall Street.The gains across the board came despite concerns about the long-term impact of coronavirus on the global economy.Bitcoin prices rose on Wednesday,…
Bitcoin is once again in the process of peeking above the $9,000 level. The resistance that has been established at just above this price point has proven to be rather significant, as BTC has faced multiple harsh rejections at $9,200 and $9,500.Analysts are now noting that the cryptocurrency could be well positioned to see further…
Bitcoin’s long-awaited mining rewards halving is now only a mere six days away, and investors are on the edge of their seats as they wait to see what implications this may have on Bitcoin’s price from a short-term perspective.There is much debate as to whether or not it will actually have any short-term implications on…
Bitcoin has firmly established that it is trading within a relatively tight range. This comes as the cryptocurrency has been hovering within the upper-$8,000 region for several days.Each visit up to highs of $9,200 has been met with significant selling pressure that subsequently forces it lower, signaling that this is the key near-term resistance level…