Sorry bulls, the Bitcoin (BTC) ball is in the court of bears yet again. As of the time of writing this article, the leading cryptocurrency’s price has just tumbled to just above $8,000, nearly tapping this key price point in a 5% drop lower. Buyers have started to step in, albeit only marginally, pushing BTC…
Late last month, Bitcoin (BTC) caught traders across the industry with their pants down: in a day’s time, the leading cryptocurrency had pumped by 42%, surging from $7,200 to $10,500 in a jaw-dropping, historical move higher. In fact, that day marked Bitcoin’s fourth-largest daily move… ever, and the largest price jump by percentage since 2011. Related Reading:…
While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals. Related Reading: Blockchain and Crypto: Binance CEO Has High Hopes for the Future A brief aside: A fractal, in the context of technical…
One year ago yesterday (November 14th, 2018), the price of Bitcoin (BTC) began to tank. During that day, the cryptocurrency fell from $6,200 — where it had held for a majority of the summer months — to $5,500, a 12% drop that was the worst daily performance for the asset in over two months. It…
If you’ve been on Crypto Twitter at all, you know of the Bitcoin “HODL” meme. For those living under a rock, here’s a quick explainer: HODL, a misspelling of “hold” first found on the (in)famous BitcoinTalk forum, has become a battle cry for diehard BTC investors, who believe it is irrational to sell the asset.…
Over the past few months, analysts have been questioning if Bitcoin (BTC) really is in a bull market. Just two weeks ago, the leading cryptocurrency was down nearly 50% from its year-to-date peak of $14,000 — something that many took as a signal that Bitcoin was back in a bear market phase. But, a key…
Bitcoin (BTC) is about to see a massive bout of volatility, according to a long-term technical indicator. Sure, the leading cryptocurrency spiked by 42% two weeks back, surging from $7,300 to $10,500 seemingly on the news that China’s President was calling for the formal adoption of blockchain technologies. But, something bigger is purportedly brewing. Related…
The Bakkt platform is having another good day of trading. The much-hyped Bitcoin futures contracts that disappointed many on first launch has hit another all-time high in daily trading volume, well before its close. Bakkt trading volume is surging whilst Bitcoin has made a considerable move down in price. The price of the number one…
Bitcoin’s surge from $7,300 to $10,600 woke up cryptocurrency bulls after a long slumber. And as normal, bulls have pushed extremely bullish price predictions, calling for BTC and its ilk to surge much higher by the end of the year. In fact, as reported by NewsBTC previously, Changpeng “CZ” Zhao of Binance wrote on Twitter…
For the first time in days, even over a week, Bitcoin (BTC) has started to show signs of a short-term trend forming. As of the time of writing this article, the leading cryptocurrency is at $9,400, up some 2% in the past 24 hours. Earlier today, the BTC price reached as high as $9,550 on some exchanges,…