Bitcoin’s consolidation phase is showing few signs of letting up anytime soon. The benchmark crypto is still trading within the lower-$9,000 region, and the support just below its current price level appears to be significant.As for where the market could trend next, analysts are closely watching to see how it reacts to a few key…
Bitcoin has found itself stuck in the $9,000s for weeks on end. Save for a few flashes of volatility, the cryptocurrency has traded within 10% of $9,000 for nearly two months now.Historical odds say that BTC has an extremely high chance of breaking out of this consolidation, but market data shows that institutions are betting…
The past few days have seen Bitcoin trade in the low-$9,000s seemingly with a downside skew. The cryptocurrency has tested $9,000 time and time again, as bears prepare to push the asset under that crucial support to confirm a bear trend.Yet an analyst that made an extremely accurate prediction has suggested that Bitcoin may soon…
It’s clear that Bitcoin is building towards a breakout. The cryptocurrency has converged towards supports in low-$9,000s, with volatility reaching multi-week and multi-month lows.Unfortunately for bulls, a textbook chart pattern is predicting that Bitcoin will break lower from this range, likely to fall towards the $8,000s.Related Reading: BTC Hash Rate Recovers to Pre-Halving Levels, But a…
Bitcoin traded as low as $9,165 and recently started a fresh increase against the US Dollar. BTC is currently rising, but it might struggle to clear the main $9,500 resistance zone.Bitcoin is showing recovery signs and trading above the $9,300 resistance zone.The price is likely to continue higher towards the $9,450 and $9,500 resistance levels.There…
Bitcoin has seen waning demand over the past several days, with the cryptocurrency slowly inching lower as it continues trading firmly within its long-held consolidation channel.Overnight, the crypto did face some heightened volatility that caused it to dip down to $9,100 before rebounding to over $9,400.In the time since, however, the benchmark digital asset has…
After the block reward halving in May, Bitcoin’s mining ecosystem was immediately thrown into disarray.The revenue of miners was effectively halved overnight, forcing many miners with tight profit margins to go offline as they could not maintain a positive cash flow in the wake of the event. This resulted in a slowdown in transaction speeds…
Bitcoin could soon see a massive move as volatility continues to tighten, according to a crucial indicator. Investors, however, remain largely divided over what comes next for the cryptocurrency.Related Reading: A Top Macro Analyst Just Bought Bitcoin For the First Time EverBitcoin Is Prepping For a Massive MoveThe width of the Bollinger Bands on Bitcoin’s…
While Bitcoin’s uptrend has stalled, prominent names in the financial world have continued to delve into cryptocurrency.The latest of these is Darius Dale, the Managing Director & Partner at Hedgeye Risk Management. Dale heads the firm’s Macro Strategy team alongside the chief executive of Hedgeye.The analyst announced on June 19th that he “just bought Bitcoin…
Bitcoin’s recent consolidation has thrown most investors for a loop: the majority aren’t too sure what comes next for the cryptocurrency market.Some, though, have made progress in discussing the recent price action. One analyst observed that stepping back and looking at BTC’s medium-term price action, the past three months look extremely structurally similar to a…