Bears are rejoicing now that Bitcoin price is back below $10,000 and at risk of falling further to retest former lows as support. But while recent Bitcoin price action may suggest that bears have resumed control over the short-term trend, bulls haven’t given up the fight. The game of tug-of-war may continue to go on…
Bitcoin price may have fallen over the last two days, but the overall trend over the year thus far has been up, and an end to the correction could soon be here. One crypto analyst has spotted an extremely bullish signal on a Bitcoin price indicator that hasn’t given such a signal since the first-ever…
Throughout all of 2019, Bitcoin price has been on a steady ascent. For the greater portion of the year, Bitcoin appeared to be unstoppable and broke through resistance after resistance, even as the altcoin market bled out. But last Sunday, Bitcoin price closed two consecutive weekly red candles for the first time since the bull…
Ethereum could start rallying to the upside in the coming days, according to a textbook technical indicator. Prominent market analyst Jonny Moe noted Ethereum trending inside a Falling Wedge pattern, confirmed by converging trend lines, forming lower highs and lower lows. The ETH/USD instrument is about to reach the apex of Wedge which, according to…
A firm backed by billionaire investor Alan Howard is planning to start a crypto fund worth a billion dollars. Financial Times reported that London-based Elwood Asset Management is working on a venture that would design cryptocurrency portfolios for institutional investors. The financial news service cited Elwood’s chief executive Bin Ren who said their platform would…
For both those involved in Bitcoin and traditional markets, all eyes have been on the world’s central banks over the past year. Many analysts claim that whatever the world’s leading monetary authorities decide to do with the economy will dictate the direction for global markets, and, potentially, the fate of the current fiat economic hegemony.…
Much of the crypto market may have flipped sentiment to being bearish on Bitcoin after yesterday’s dump that bled out over $20 billion from the total crypto market cap. However, according to one of the most respected crypto analysts in the space, an important trend indicator suggests that the current price action very closely resembles…
After breaking below $10,000 yesterday, Bitcoin has faced a significant influx of selling pressure that has sent its price reeling down towards the lower-$9,000 region. This sell-off has drastically altered the overall market sentiment and came shortly after BTC made a failed attempt to surge towards $11,000. Some major Bitcoin bulls are still expressing confidence…
Yesterday’s Bitcoin carnage saw over $20 billion in USD value wiped out from the total crypto market capitalization. The dump affected nearly all crypto assets, including Ethereum, EOS, and Litecoin – even Bitcoin, which has maintained support despite altcoins collapsing around it. But new data shows that it may have been altcoins collapsing that dragged…
Recently, the crypto market fear and greed index hit its lowest point in history, despite Bitcoin price trading above $10,000 and at that point had yet to break down. The fear was mostly driven by altcoin holders who have been selling any remaining bags at a substantial loss at an alarming rate. While even altcoins…