Bitcoin has begun to press higher despite weakness in legacy markets. The price of the leading cryptocurrency is currently at $10,470 despite reaching lows of $9,800 earlier this week; also, altcoins have begun to surge, suggesting that this is once again a buyer’s market. BTC is moving above pivotal support levels during this slight rally.…
Ethereum is at a pivotal, make or break it moment. While Bitcoin has set a higher low, Ethereum’s higher high implies things are a lot more bullish for the altcoin. But could a fractal matching the trajectory of the 2019 crypto rally and top hint that the top for the year is in for altcoins?…
Bitcoin price has spent the last two years hovering around $10,000 – a key resistance level that in the past has incited serious FOMO. But according to an early Bitcoin investor who has seen a thing or two, the cryptocurrency won’t hover around that price forever and sees parallels between the current price action compared…
Bitcoin needs to hold the current price region where it’s at now to confirm that it remains in a bull trend, analysts say. Related Reading: CNBC’s “Mad Money” Host Jim Cramer Is Finally Buying Bitcoin Bitcoin Needs to Hold $10,000 Bitcoin must hold $10,000 in the near future to confirm that it is in a bull…
Bitcoin has flirted with falling under $10,000 multiple times over the past week. If you take a look at BTC’s recent price action, you will see a series of bottom wicks just below $10,000. This shows that Bitcoin traders do not want the leading cryptocurrency to trade under that pivotal support level. By NewsBTC’s count,…
While Bitcoin is touted as uncorrelated, the cryptocurrency has been following the inverse of one asset over the past few months: the U.S. dollar. Like gold, BTC’s price action is partially dictated by the value of fiat currencies. Over the past few months, the negative correlation gold and Bitcoin have with the U.S. dollar has…
Bitcoin price may be down compared to it was just weeks ago, but it is not out. Bulls are fighting hard and have been keeping $10,000 as unbreakable on the way back down as it was on the way up. With each touch of the key resistance turned support, the cryptocurrency’s price action more closely…
On Tuesday morning, Bitcoin once again dropped under $10,000 and Ethereum pushed lower. After a poor open in legacy markets, including gold, the leading cryptocurrencies were brought lower. Top decentralized finance (DeFi) coins based on Ethereum, though, have embarked on a healthy recovery. This comes after a brutal drawdown of 30-50% for most prominent altcoins,…
Bitcoin price this past week collapsed from the 2020 high of over $12,400 to under $10,000. More than seven distinct drops to below $10,000 have been bought up already. During each plunge down, however, some of the weakest hands in the crypto market may have been shaken out, according to one uncommon metric. If that’s…
Bitcoin has resumed its descent to the downside as legacy markets have opened in the red once again. The leading cryptocurrency has been flirting with $10,000 all morning, nearing the trend lows. The cryptocurrency is reaching pivotal supports as it continues its descent. One trader went as far as to suggest that if BTC doesn’t…