Despite the recent stagnation, Bitcoin is still up by over 150% from the capitulation lows of March’s crash. By the standards, that means that BTC’s nascent market is at exuberant levels — especially considering the dismal state of the world economy. Chart of BTC's price action since the start of the year from TradingView.com But…
Data shows that the impacts of the recent Twitter hack were fairly limited, with a small handful of users sending just over $100,000 worth of Bitcoin to the address shilled as part of a classic crypto giveaway scam.According to recent reports, it appears that the impacts of the scam were almost far greater than this,…
Crypto investors and traders bored and frustrated with the sideways price action in Bitcoin should prepare themselves for the worst-case scenario. The worst-case and max pain scenario, in this case, isn’t a breakout or breakdown, it’s more sideways.According to past cycle data, this tight trading range could potentially last another three months before sparks fly.…
Save for the slight 2-3% rally seen on Tuesday, Bitcoin’s price action over the past few weeks has effectively been non-existent. On a macro scale, the cryptocurrency looks as though it has flatlined, stuck between $8,900 and $9,400, with bulls and bears failing to establish a trend.Yet an analyst who predicted Bitcoin would see a…
The ongoing rise in the stock market is unprecedented, and in many ways seems familiar to bubbles seen in years past – including Bitcoin and the crypto market’s meteoric rise in late-2017.This is causing many investors to grow fearful about the market’s future and has caused some notable investors – like Paul Tudor Jones –…
Bitcoin broke out of a narrow technical range to close above $9,300 this Tuesday.The jump appeared after the European Union leaders confirmed a €1.8 trillion ($2.06 trillion) stimulus package.The cryptocurrency now eyes bullish continuation beyond $9,400, a resistance level it failed to break twice in the last three weeks.Bitcoin jumped on Tuesday as European Union…
At long last, Bitcoin has begun to move. In the past hour as of this article’s writing, the leading cryptocurrency has jumped up by $150 — BTC now trades at $9,320.CHart of BTC's price action over the past two days from TradingView.comWhile a move welcomed by bulls, it’s far from the explosive breakout that some…
Bitcoin is trading above the $9,150 support against the US Dollar. BTC seems to be preparing for a major increase if it succeeds in clearing the $9,200 resistance zone.Bitcoin is still struggling to settle above the $9,200 and $9,220 resistance levels.The price is currently trading above the $9,150 support and the 100 hourly simple moving…
Bitcoin price may be trading sideways, but it continues to hold above a key level that in the past led to over 5,000% returns. BTCUSD has now held for its seventh consecutive weekly close above the Ichimoku cloud, but there’s a shocking twist coming that could shake up the sideways trend.Bitcoin Price Closes Seventh Weekly…
Somehow, Bitcoin’s price action has become even tighter over the past days than it has been over the past two months. If you zoom out and look at BTC’s macro chart, it may seem like the asset has flatlined. Yet a cryptocurrency trader is starting to fear that one final correction is in the works.…