After the powerful rally unfolding across the crypto market over the last several weeks, Bitcoin price failed to breach cleanly above $10,000 and hold. The move pushed the first-ever cryptocurrency into a supply zone dating back to the start of the bear market where it was rejected.The failure will likely result in Bitcoin price returning…
Bitcoin has made immense progress since the lows seen in March.As the chart below depicts, from the lows of $3,700, the cryptocurrency has gained in excess of 150%. This rally comes in spite of the global economy, heading into recession — a recession that the Federal Reserve, the Bank of England, and the International Monetary…
The price action over the past few days has undoubtedly been positive for Bitcoin. After building momentum for weeks, the cryptocurrency finally burst past $10,000 this week, hitting a $10,100 high.Since this initial breach, BTC has slowed. The cryptocurrency has traded within a percentage point of $10,000 for the last 12 hours, barely deviating as bulls…
After weeks of bullish price action, Bitcoin finally topped $10,000 today, rallying as high as $10,100 on the back of an influx of buying pressure.Many say that this recent move sets the stage for even greater growth, but a trader recently argued that BTC printed a “perfected” sell setup. The setup was the exact same…
Just five days out from the Bitcoin block reward halving, analysts are buying coins en-masse in preparation for more upside.The cryptocurrency topped $9,750 just minutes ago for the first time since March, setting a new local high just shy of $9,800. With this, BTC is up 4% from ~$9,400 in the past 24 hours, outperforming…
Since hitting $9,500 last week, Bitcoin has entered a consolidation pattern around $9,000. The cryptocurrency has traded between $8,700 and $9,200 for days, failing to decisively break out of this range.Some say this is indicative of a market top. Yet others believe Bitcoin is poised to rally even higher, citing technical signals.One analyst even said…
A prominent analyst within the crypto community suggested that Ethereum’s price action seems to resemble the way Bitcoin was behaving between 2015 and 2018. Under such circumstances, the chartist implied that ETH can surge up to 63x in its next bull run.The smart contracts giant could have the ability to peak at a high of…
Ahead of Bitcoin’s block reward reduction or “halving,” BTC has performed extremely well.As this outlet reported previously, the cryptocurrency just printed its seventh consecutive week of gains. This is a technical feat last seen in April 2019, prior to the 300% bull market of that year.Calls have been mounting for Bitcoin to pullback, with Bloomberg…
After a nearly 20% surge last week, Bitcoin’s weekly candle on Sunday evening closed decisively green at $8,900.This marked the seventh consecutive weekly gain for BTC, which has posted stellar performances ever since the mid-March capitulation lows.Although the seven consecutive weeks may mean nothing to readers, it is a strong technical occurrence that may signal…
Bitcoin has been on a stellar run over the past week, gaining 20%, according to data from Coin360.com. It’s a move that has brought the cryptocurrency above resistance level after resistance level, suggesting an uptrend is forming.Since peaking at $9,500 though, the cryptocurrency has slipped, with BTC now trading at $8,800 as of the time…