The past few weeks have made it increasingly unclear as to where Bitcoin and the crypto markets are heading next, as BTC has now entered a firm consolidation trend that has led it to trade sideways within the mid-$8,000 region.One prominent cryptocurrency analyst is now noting that Bitcoin could be on the cusp of entering…
Bitcoin started a downside correction from the 2020 high at $9,191 against the US Dollar. However, BTC price is still in an uptrend and it could find buyers near $8,000 or $7,670.Bitcoin price started a short term downside correction below $9,000 and $8,800.It is currently trading above $8,200 and there are many important supports on…
Bitcoin (BTC) has been caught within a bout of turbulent price action over the past several days and weeks, which is elucidated while looking at the wide trading range between $8,300 and $9,200 that it has been trading within for the past week.Although the sharp rejection at $9,200 last week did do some damage to…
Over the past few weeks, a virus in the coronavirus family (same family as the common cold, SARS, MERS, etc.) has started to circulate the globe. This novel coronavirus (2019-nCoV) originated in China, specifically in the Chinese city of Wuhan and seemingly due to infected animals being sold at a local market.The virus has thus…
Ethereum is down more than 10% from the 2020 high against the US Dollar, similar to bitcoin. ETH price is likely to test the $148 support area before a fresh increase.ETH price is currently correcting lower from the $179 swing high against the US Dollar.The price is showing a few bearish signs and it might…
Over the past month, altcoins have finally started to break higher, reversing the Bitcoin-centric trend seen in the crypto market throughout all of 2019. In fact, the BTC dominance metric has dropped to 66% over the past week, with digital assets like Ethereum, XRP, and Litecoin starting to outpace the market leader.Related Reading: XRP Analyst…
Another week, another round of Crypto Tidbits. The past week hasn’t been too good for Bitcoin, Ethereum, and their ilk, with the leading digital assets losing around 7% apiece since our last update. As of the time of writing this article, BTC is trading for $8,350, failing to maintain the over $9,000 prices seen last week.Despite…
Although the past few weeks have proven to be highly bullish for Bitcoin (BTC) and the aggregated crypto markets, it is important to note that the local highs set by most major digital assets are looking increasingly like mid-term tops, and bears are slowly regaining control over the markets.It does appear that most major cryptocurrencies…
Bitcoin has been stuck within a consolidation phase for the past several days, which was first seen when the crypto was ranging around $8,600. This was followed by a range expansion when BTC dipped to lows of $8,200 overnight before bouncing back to the mid-$8,000 region earlier today.This bout of sideways trading may not last…
Bitcoin (BTC) experienced a sharp selloff yesterday evening that led its price to dip as low as $8,200 before it found a significant amount of buying pressure that sparked a sharp movement up to highs of $8,500.BTC now appears to be trading just beneath a critical resistance level that is halting it from climber higher,…