Bitcoin has been stuck in the $9,000s for the past two months, trading between $8,500 and $10,000 for weeks on end.While the cryptocurrency has maintained the $8,500 support level on multiple occasions, a key indicator shows that the bullish momentum is weakening.Related Reading: Crypto Tidbits: BTC At $9k, Grayscale Ethereum Trust, Cryptocurrency & PayPalBitcoin Has…
Ethereum has undergone a consolidation period for over the past month. Since the beginning of June, the second-largest cryptocurrency by market cap has mostly traded between the $217 support and the $250 resistance level. Such a narrow trading range has made it nearly impossible to determine what the future holds for Ether.Nonetheless, the TD sequential…
While Bitcoin has seen its fair share of short-term volatility, on a macro scale the cryptocurrency is still consolidating.The below chart from Blockroots founder Josh Rager, a crypto trader, displays this well. The chart shows that over the past ~seven weeks, BTC has been effectively trapped between $8,500 and $10,000. Each breakout has failed to…
Bitcoin price can break above $10,000 even as it eyes a choppy price action in the weeks ahead.The upside bias takes its cues from the crypto’s on-chain data, including higher buying strength, declining capitulation sentiment, and rising transactional volume.Phi Deltalytics, an independent cryptocurrency analysis portal, sees Bitcoin hitting $11,700 in the coming sessions.Bitcoin market’s short-term…
Bitcoin has made an attempt at recovering the losses it incurred late last week. On Sunday, the cryptocurrency rallied as high as $9,200 as buyers stepped in and shorts were squeezed.Yet order book data indicates that BTC may have a tough time rallying any further.Related Reading: A Hacker Just Drained $500k in Ethereum & Altcoins…
After weeks of consolidation, Bitcoin decisively broke below $9,000 just minutes ago. The cryptocurrency dipped as low as $8,840 on leading spot exchanges and slightly lower on margin-enabled exchanges like BitMEX.BTC price chart of the drop from TradingView.comThis move caught many traders off guard, according to derivatives data.Skew.com reported that more than $20 million worth…
It’s been a tough past few days for Bitcoin.After holding $9,300 for days on end, the cryptocurrency on Saturday slipped under $9,000. The leading cryptocurrency reached a local low of $8,840 on many leading spot and margin exchanges.Many traders were caught off guard by this move to the downside.At least $20 million worth of longs…
There have been many optimistic Bitcoin traders that have been expecting an imminent break into a bull market. Yet an analyst has said that it may be until the end of 2020 that the cryptocurrency markets enter a full-blown bull phase.Related Reading: Crypto Tidbits: Bitcoin At $9k, Grayscale Ethereum Trust, Cryptocurrency & PayPalBitcoin May Have…
Bitcoin has acted weak over the past few days, falling as low as $8,950 as touching $9,800 on Monday. Yet there are technical signals suggesting that a bull trend is soon to appear.One signal that was last seen at the start of the March crypto rally is about to appear again. And that’s good for…
It’s been a quiet past few weeks for Bitcoin.After reaching $10,400 at the start of June, the cryptocurrency has seen a correction and now trades in the low-$9,000s.Although a bear trend has yet to form, many have stated that the rejection BTC faced at $10,400 was bearish. After all, $10,400-10,500 is the exact region Bitcoin…