Bitcoin has finally done it. Minutes ago, the asset rocketed past $10,000 for the first time in weeks, reaching as high as $10,250 in a massive surge upward. This was a more than 7% jump from where the cryptocurrency was trading prior to the move.Traders were largely unaware that this move was going to happen.As…
Bitcoin has mounted a strong recovery since the lows seen last week. The leading cryptocurrency traded as high as $9,750 on Saturday, over 13% higher than last weekend’s lows.Even still, there remain textbook technical indicators suggesting there is a “high chance” BTC sees a correction in the coming weeks. According to the analyst that made…
Update (3 hours after the close): Bitcoin has closed the May candle above the crucial $9,360 level, managing to take $9,450. Analysts say this is “incredibly significant for bulls” and may show that there is more upside in the works.This is an assertion that can be corroborated by other market factors.For instance, blockchain data startup…
After plunging last week, the Bitcoin market has mounted a hefty recovery over the past week. The leading crypto asset traded as high as $9,700 on Saturday evening — just a few percentage points shy of the monthly high.Ethereum has fared even better, with the asset pushing 10% higher within a 24-hour time period this…
After days of stagnation and consolidation, Bitcoin started to mount a strong comeback earlier this week.The leading cryptocurrency now trades for $9,650 — the highest price in over a week and more than 13% higher than the ~$8,550 lows seen during a retracement earlier this month.But Bitcoin remains below a crucial region of resistance that…
Just hours after Ethereum rocketed higher, so too has Bitcoin.The leading cryptocurrency recently reached $9,750, the highest price BTC has traded at in over a week. $9,750 is just over 13% higher than last week’s lows of $8,600, established as miners were seemingly dumping their coins in response to the May 11th block reward halving.Bitcoin…
While Bitcoin is stalling under the key $9,500-9,600 resistance level, Ethereum has rocketed higher.The asset, according to TradingView.com, is up 10% over the past 24 hours. ETH is currently pushing $244, the highest price since early March.For some context, Bitcoin is up a mere 1% in the past 24 hours. Also, a majority of altcoins…
The past few days have seen Bitcoin recover strongly from the weekly lows of $8,600.As of the time of this article’s writing, the flagship cryptocurrency sits at $9,400, just over $200 shy of the weekly high of $9,650.It’s a strong rally that has convinced many traders of the bull case, but one prominent analyst suggests…
While Bitcoin is up 5% over the past two days, the crypto-asset market remains in consolidation.After hitting $10,100 in late April, the cryptocurrency has stagnated under that key level. It has since traded in a relatively tight consolidation pattern from $8,500 to $9,500, failing to move decisively out of this range.Though a popular trader says…
Over the past few weeks, analysts have said Bitcoin is finally finding a local top.For the third time in a matter of months, the cryptocurrency was rejected in the $10,000 range. It was a rejection that caused many to reconsider their bullish stance on BTC due to the level’s importance.Though derivatives data and simple technicals…