Bitcoin price just broke below $7,000 Monday morning after a late Friday evening rally pushed the asset over the key level for the weekend.However, coronavirus concerns have returned to traditional markets, causing major turbulence to kick off the day, which may have also caused Bitcoin to tumble. Could a repeat of last month’s mayhem and…
MATIC is trending sideways after bottoming out in mid-March.The underperforming token is, nevertheless, flirting with key resistance area to pursue a breakout.Favorable fundamentals hint a near-term bullish scenario for the cryptocurrency.Matic, a cryptocurrency that underwent a huge pump-and-dump last year, has been unable to revive its bullish momentum in 2020.The low-cap token bottomed at 154…
Despite Bitcoin continuing to consolidate above $7,000 as other crypto assets have shown signs of strength, analysts have still been stewing over the prospects that cryptocurrency didn’t bottom last month during “Black Thursday.”Primarily, those that fall into this bucket of belief cite the stock market, remarking that there are signs that the S&P 500 and…
After experiencing a notable rally yesterday, Ethereum lost its momentum and retraced a significant amount of these gains, with the crypto plunging back to its recently established support at $180 as it flashes some signs of weakness.It is important to note that bulls have established the price region just below where Ethereum is currently trading…
Although Bitcoin normally leads the crypto market, Ethereum has outperformed almost all other digital assets over the past few days. As of the time of this article’s writing, the cryptocurrency trades at $182, up 7% in the past 24 hours and up 24% since the lows of the week near $147.From the bottom seen during…
Ethereum has been able to significantly extend its recently established momentum today, with the cryptocurrency rallying all the way up to highs of $183 after a short-lived period of sideways trading around $170.The extension of this uptrend has allowed Ethereum to surmount a massive high-time-frame resistance region that bulls are currently in the process of…
Bitcoin saw a notable overnight rally that allowed it to move as high as $7,300, with this coming about after an extended period of trading sideways within the lower-$7,000 region for the latter part of this past week.It now appears that bulls are targeting a movement towards $8,000, as resistance could be weakening as bulls…
Since 2017’s blow-off top at $20,000, investors have been wondering when Bitcoin would be thrust into its next bout of parabolic growth. After all, crypto investors are used to rounds of rapid growth, then brutal drawdowns.Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi ExplodesBut, a key indicator is showing that the same…
After another day of sideways trading, Bitcoin has once again been unable to close its daily candle above $7,200, making the cryptocurrency prone to seeing further weakness in the weekend and week ahead.The benchmark cryptocurrency may not be able to make any meaningful trend defining moves in the days ahead either, as one analyst is…
Ethereum has gained what appears to be a solid foothold within the $170 region in the time following its recent upswing, with its intense outperformance of Bitcoin and most of its peers allowing it to form a highly bullish short-term market structure.Analysts are now noting that ETH is showing some of the largest bullish divergence…