The week has started in the red for the majority of crypto assets. Bitcoin closed the week with its largest red candle since December 2018 and analysts are predicting further losses ahead as the correction continues. From an intraday high of $7,950, Bitcoin has tumbled back below $7,600 as the Asian trading session gets under…
The Bitcoin (BTC) bull run has barely even started, but Fundstrat Global Advisors is absolutely euphoric. In a graphic published recently, the investment advisory firm suggested that the “Fear of Missing Out (FOMO)” is quickly materializing in the cryptocurrency markets, boding well for BTC’s performance in the short to medium term. We are apparently headed…
After days of inaction, Bitcoin (BTC) bears have finally shown their hand. In the past 24 hours, the leading cryptocurrency has lost around 3%, falling from a multi-day high of around $7,950 to $7,650 as of the time of writing this. With this move, which many believe will set the trend for the cryptocurrency market,…
Bitcoin is not out of the digital woods yet. There is every chance that this pullback could accelerate as BTC failed to close above $8,000 yesterday. Traders and analysts are already looking at the next major buying zones and they tend to be in agreement. Bitcoin: No Return to $8k Over the past 24 hours…
Price action is not linear so any movements in either direction will come in stages. Bitcoin’s two day slide of over a thousand dollars may not be over yet, but at the moment BTC appears to be taking a breather. Bitcoin Scenarios A number of scenarios could be on the cards for Bitcoin’s next move.…
At long last, Bitcoin (BTC) has begun to slip after trending in the mid-$8,000s for days on end. In a move expected by a number of analysts, BTC has dropped to $8,100 on most major crypto exchanges. In the past 24 hours (according to Coin Market Cap), the cryptocurrency is down 5.80%, as a number…
For the umpteenth weekend in a row, the cryptocurrency market has rallied. On Sunday morning, Bitcoin (BTC) shot up by some 3%, with the asset breaking past a short-term resistance level. Despite this occurrence, which most analysts see as a signal that the ball is clearly in the bulls’ court, there have been some that…
The latest crypto market movements have not been unexpected. The moment Bitcoin hit $9k it instantly recoiled like a reaction from a bee sting. The following candles were big red ones sending BTC down a thousand dollars in a couple of hours. Has the big correction finally begun? Bitcoin Dumps 11% in a Couple of…
For the second time in as many weeks the Bitcoin pullback that was expected has not materialized. BTC found support above $7,800 and its slide has been halted … for now. Bitcoin Bounces Back Yesterday NewsBTC reported that the correction had started and there was a strong possibility of Bitcoin dropping all the way down…
The long awaited crypto correction appears to have initialized today. After hitting resistance twice and failing to break it, Bitcoin has plunged back below $8k now as markets tumble. Analysts have been scanning the charts looking for support zones, and there are quite a few of them. Bitcoin Slides 4 Percent BTC has spent the…