Following a brief selloff experienced yesterday, Chainlink has been able to post a strong recovery, with its ongoing rebound coming about in tandem with a bout of consolidation seen by Bitcoin and most other major cryptos.This ongoing uptrend has come about despite the crypto flashing some signs of weakness on its high time frame chart,…
Ethereum has entered another bout of sideways trading in the time following its recent rejection at $175, with ETH now establishing some significant support around the mid-$150 region, which is where it has been trading at for the past couple of days.In the near-term, it does appear that Ethereum is currently trading just a hair…
With Bitcoin’s halving arriving next month on May 11, 2020, the expectation across the world of crypto has long been that the valuation of the first-ever cryptocurrency would skyrocket, but last month’s catastrophic selloff has some questioning the theory.However, according to historical data, Bitcoin price is currently on pace with where the crypto asset was…
Following Black Thursday, Bitcoin was on a tear, gaining 50% since that fateful day. BTC was trading at $7.3k, but a rejection at the 50-day moving average, coupled with falling volume, indicated a trend reversal.Bitcoin daily chart with 50-day & 200-day MA and volume. (Source: tradingview.com)Not only that, but the failure to break $7.4k suggested…
Bitcoin faced a grim overnight rejection within the lower-$7,000 region that led it to decline all the way to its low-time-frame support at $6,800, with bulls ardently attempting to defend against the crypto dropping beneath this level.Today’s downside movement marks an extension of the bearish momentum that was first incurred during the crypto’s firm rejection…
It has been an incredibly volatile year for Chainlink, with the highly bullish crypto rocketing to fresh all-time highs in early-March before it lost its momentum and found itself caught within a firm downtrend that led it to erase some of its recent gains.It is important to note that the crypto is still trading up…
Bitcoin price was just rejected from above $7,000, after recently bouncing from extreme lows under $4,000.With the first-ever cryptocurrency failing to reclaim highs from even just a couple weeks prior, the asset is at risk of another catastrophic collapse to as low as $1,800, according to one cryptocurrency analyst.After a Record-Breaking Collapse, Is the Cryptocurrency…
Bitcoin has seen some notable fundamental growth throughout the past week – according to on-chain data – which appears to have come about in tandem with the benchmark cryptocurrency’s climb into the $7,000 region.Large players within the nascent crypto market – commonly referred to as whales – have also been fueling this fundamental growth, appearing…
It has been another boring day for Bitcoin, with the benchmark cryptocurrency further extending its bout of sideways trading as its bulls and bears reach an impasse within the lower-$7,000 region.This lackluster price action comes close on the heels of Bitcoin’s recent surge up to highs of $7,500, with the resistance it met here proving…
Crypto investors have been in this position time and time again. Bitcoin and the rest of the market has been rising, building up bullish momentum, and then what? Thus far, nearly every major rally has been nothing more than a bear market rally.Is this time different? Or will the crypto market suffer another massive crash…