Bitcoin has spent the past two weeks consolidating just below the 200 day moving average. So far it has managed to cling to support above $8,000 but a big move could be coming soon so which way will it go next? Bitcoin Trading Range Tightens Another day has seen Bitcoin bounce between $8,300 and $8,400…
PayPal has withdrawn its support for Facebook‘s Libra cryptocurrency, following significant regulatory scrutiny of the project. The online payments firm was part of the Libra Association - a 28-member nonprofit organisation set up to oversee the roll-out of the cryptocurrency next year. Without elaborating on why PayPal had withdrawn its support, a spokesperson for PayPal said…
In what has been one of the largest 24 hour market dumps this year over $30 billion has been dumped from crypto assets. Bitcoin reached the end of its bearish triangle pattern and dumped hard down to a three month low at $8,000. Bitcoin Crashes 17% Many had predicted a huge drop to long term…
The Bitcoin rally is running out of steam it seems. A bearish candle closing below $8,200 has been a signal for further losses and, as expected, they came pretty quickly. For the second time over the past seven days markets have fallen back instead of heading higher indicating that a correction is imminent. Bitcoin’s bearish…