Bitcoin bulls were able to post a strong defense of a crucial support level after facing some turbulence overnight.This bolstered the cryptocurrency and has resulted in it once again trading squarely within its previously formed consolidation channel around $9,400.It does appear that BTC is now sitting just beneath a heavy resistance level that could stop…
Bitcoin’s lackluster price action over the past few weeks has struck a serious blow to investor sentiment, leading many to anticipate weakness in the days and weeks ahead.That being said, this growing bearishness may be unwarranted, as some interesting trends seen while looking towards its on-chain fundamentals seem to suggest that further upside is imminent…
A bearish chart formation has appeared on Bitcoin dominance that could lead to another leg down and rebound in altcoin/BTC pairs. However, the 58% level could remain a barrier, keeping a full-blown altcoin season from occurring for quite some time longer.Bitcoin Dominance Forms Bear Flag, Hanging By A Thread On Channel SupportBTC dominance is a…
Bitcoin could break above $10,000 in the next quarter.The upside sentiment matures as the S&P 500 hints at painting a super-bullish Golden Cross in July 2020.The U.S. benchmark’s growing correlation with Bitcoin could help it attempt a breakout towards $20,000.As bitcoin repeatedly struggles to close above $10,000, the S&P 500 is paving the way for…
As Bitcoin dips below $9,500, a prominent market analyst sees the cryptocurrency resuming its uptrend towards $10,450.Michaël van de Poppe, a full-time trader from the Amsterdam stock exchange, predicted the bullish scenario as Bitcoin maintained a concrete price floor above $$9,250-9,300.The same support range was instrumental in sending the bitcoin price towards $14,000 in 2019.Bitcoin…
Bitcoin’s recent consolidation has left analysts and investors alike largely puzzled as to what comes next.Nothing is a better sign of this than the funding rates of BTC futures markets, which are converging towards 0.00%. This shows that both the long and short side of the market is not overvalued.An analyst has suggested that a…
Bitcoin is declining steadily and trading below $9,400 against the US Dollar. BTC could decline sharply below $9,250 if it fails to reclaim the 100 hourly simple moving average.Bitcoin is slowly moving lower and now trading well below the $9,500 pivot level.The price is showing a few bearish signs below $9,400 and the 100 hourly…
Bitcoin investors have been growing impatient as the benchmark cryptocurrency continues hovering within the mid-$9,000 region. It has been consolidating here for many weeks, and each attempt to catalyze momentum – in either direction – has been futile.BTC has seen trends like this in years past, and they nearly always resolve in the crypto making…
It’s been an explosive past few months for Bitcoin, equities, and other global markets.After a liquidation event in March that sent cryptocurrencies down by over 50% and other asset classes down almost as much, a bounce has ensued that has largely deleted the losses of March.BTC now trades for $9,400, up by approximately 30% since…
Bitcoin has been the best performing asset in finance history, rising over a million percent from its early days to current prices. It may come as no surprise then that the first-ever cryptocurrency is currently leading a public poll where respondents believe it’ll also be the “best performing asset of 2020.”Is 2020 The Year The…