As bitcoin’s supply rate went down by half, its demand among retailers and fund managers have grown stronger.The demand-supply dynamics could send the bitcoin price above $10,000, according to Matt D’Souza, the chief executive of Blockware Solutions.More gains expected for the cryptocurrency amidst global “macro and discretionary/reckless spending” by central banks.More and more retail investors…
Just a day before Bitcoin’s latest weekly candle closed on Sunday evening, the cryptocurrency made a final push higher, rallying from the low-$9,000s to $9,800. While a small move in dollar terms, it was this final push that allowed BTC to pass a key resistance level, opening Bitcoin to a “golden era” of price action.Bitcoin’s…
Bitcoin is up around 4% and it is approaching the $10,000 resistance against the US Dollar. BTC price is likely to extend its rally above $10,000 unless it dives below the $9,500 support.Bitcoin is currently gaining bullish momentum and trading near the last swing high at $9,950.The price is trading well above the $9,600 support…
Just minutes ago, Bitcoin made its latest attempt at rallying to $10,000, reaching $9,950 after the close of Sunday’s candle. The cryptocurrency fell short of the key $10,000 price point, since retracing to $9,900.Bitcoin chart from TradingView.comThis move has not sparked much a reaction from the derivatives market, potentially because short traders were expecting the…
Over the past eight weeks, Bitcoin has surged past resistance after resistance in its rally from $3,700 to $9,700 — the price as of the time of this article’s writing.This move has been undoubtedly impressive, with the price action attracting mainstream media attention and Wall Street investors. However, analysts say it’s not clear skies ahead…
Bitcoin has seen a notable upswing overnight that has allowed the cryptocurrency to rally up towards its key resistance within the upper-$9,000 region. This upswing comes as its weekly close fast approaches.BTC is now attempting to pierce its weekly cloud resistance. Analysts are noting that it’s imperative for buyers to hold it above the cloud’s…
Bitcoin is trading nicely above the $9,200 and $9,000 support levels against the US Dollar. BTC is rising and it could gain bullish momentum if there is a clear break above $9,550.Bitcoin is trading in a positive zone above the $9,400 and $9,200 support levels.An immediate hurdle is near the $9,550 zone, above which it…
After attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days.BTC’s tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the loss of the key $9,500…
In 2019 the world was captivated by news of a Chinese-based crypto Ponzi scheme called PlusToken.The ringleaders of this scheme defrauded unsuspecting investors out of billions of dollars’ worth of crypto.The sale of these fraudulently obtained tokens was largely thought to have placed immense pressure on the crypto market, being part of the reason why…
After attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days.The tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the loss of the key $9,500 support.Prominent…