After holding in the high-$9,000s for days on end, Bitcoin recently exhibited some weakness uncharacteristic to the recent uptrend. The cryptocurrency fell from the $9,800 support level to $9,100 in a move that liquidated $40 million, with BTC plunging on fears of Satoshi Nakamoto liquidating his coins.Bitcoin price chart from TradingView.com. Chart shows the cryptocurrency’s Wednesday…
Just a day before Bitcoin’s latest weekly candle closed on Sunday evening, the cryptocurrency made a final push higher, rallying from the low-$9,000s to $9,800. While a small move in dollar terms, it was this final push that allowed BTC to pass a key resistance level, opening Bitcoin to a “golden era” of price action.Bitcoin’s…
Just minutes ago, Bitcoin made its latest attempt at rallying to $10,000, reaching $9,950 after the close of Sunday’s candle. The cryptocurrency fell short of the key $10,000 price point, since retracing to $9,900.Bitcoin chart from TradingView.comThis move has not sparked much a reaction from the derivatives market, potentially because short traders were expecting the…
Over the past eight weeks, Bitcoin has surged past resistance after resistance in its rally from $3,700 to $9,700 — the price as of the time of this article’s writing.This move has been undoubtedly impressive, with the price action attracting mainstream media attention and Wall Street investors. However, analysts say it’s not clear skies ahead…
After attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days.BTC’s tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the loss of the key $9,500…
After attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days.The tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the loss of the key $9,500 support.Prominent…
Good things don’t last forever it seems. After rallying 20% from the lows to tap $10,000, Bitcoin plunged $500 within the span of 20 minutes this hour, falling from ~$9,750 to $9,200 in that short period of time.It was an 8% reversal from the ~$10,000 highs of the Thursday trading session.Bitcoin price chart of the…
Bitcoin is back on the headlines after the outrageous price action it has experienced before and after the halving took place. The flagship cryptocurrency rose to a high of $10,100 on May 7 to then take a 22% nosedive over the weekend. Now, BTC is back up, recovering most of the losses recently incurred.Regardless of…
Since falling as low as $8,180 on Monday, the day of the halving, Bitcoin has mounted a strong comeback. The comeback culminated in a surge past the key $9,000 resistance on Wednesday, seen on the right-hand side of the chart below.Bitcoin’s price action from May 8 to today charted by TradingView.com.While the move above $9,000…
Ethereum suffered a severe correction over the weekend that saw its price plummet over 18%. The smart contracts giant went from trading at a high of $215 to recently hit a low of $175.5.Despite the significance of this retracement, multiple technical and fundamental reasons suggest that Ether is bound for a bullish impulse.Bullish Momentum is…