In May, after building a following of tens of thousands by making millions trading Bitcoin, “Joe007” threw in the towel. At the time, the pseudonymous trader cited his inability to “afford Twitter.”“Trading is a dangerous, adversarial, high-stakes info game. It’s played against best-in-class, looking for any advantage. Your trade results and views being public gives…
Bitcoin has recovered most of the losses it posted yesterday. After facing some immense turbulence that sent it reeling below its crucial support, the crypto has since been able to climb back into its long-held trading range.This recent price action has been far from bullish, with the continued tests of $9,000 leading many to suspect…
Bitcoin started a major decline after it broke the $9,500 support against the US Dollar. BTC is now trading below $9,000 and it remains at a risk of more losses below $8,800.Bitcoin is gaining bearish momentum below the $9,500 and $9,200 support levels.The price traded as low as $8,813 and it is currently correcting higher.There…
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…
Bitcoin has continued to extend its multi-month bout of sideways trading as it hovers within the lower-$9,000 region.It does appear to be growing increasingly weak in recent times, as it has frequently been testing the support established around $9,000, without being able to post any ardent surge from this price level.Where it trends next may…
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…
After a series of higher lows above the current support level, Bitcoin looked primed for a move higher. However, a recent drop setting a lower low on daily timeframes has potentially started a short-term downtrend.And according to a trend measuring tool, this drop may have a lot further to go.Bitcoin Sideways May Finally Be Over,…