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Bitcoin Simply Rose to $6,500 After Over 10% Weekend Crash

Bitcoin Simply Rose to $6,500 After Over 10% Weekend Crash

In the past 20 minutes, Bitcoin has traded above $6,500, marking a rapid 12% gain from the $5,800 bottom seen on Sunday evening (UTC).Due to this move, the BitMEX funding rate on the Bitcoin (XBT) contract surged by 990%, according to data from Joe McCann, a cryptocurrency trader and AI/cloud specialist at Microsoft. According to…
Bitcoin Poised for Continued Disadvantage as Bulls Battle to Prevail Over Crucial Level

Bitcoin Poised for Continued Disadvantage as Bulls Battle to Prevail Over Crucial Level

Bitcoin’s decline to lows of $5,800 overnight was met with significant buying pressure that subsequently allowed the cryptocurrency to climb higher, with BTC bulls now attempting to reclaim the crypto’s previous position within the upper-$6,000 region.This early morning rebound came about after a short bout of intense selling pressure, and buyer’s ability to absorb this…
How the Dow’s Fractal of Doom Might Take Bitcoin to $1,000

How the Dow’s Fractal of Doom Might Take Bitcoin to $1,000

Throughout 2020 thus far, Bitcoin has been showing a tight correlation with major stock indexes like the Dow Jones and the S&P 500.If this continues, and a “fractal of doom” plays out on the Dow Jones, it could spell complete and utter disaster for Bitcoin and the rest of the crypto market as well, potentially…
Ethereum is Nearing a Make or Break Level; Rejection Here Might Be Alarming

Ethereum is Nearing a Make or Break Level; Rejection Here Might Be Alarming

After facing an intense selloff yesterday that led Bitcoin, Ethereum, and virtually all other major altcoins to post some intense losses, the aggregated market has been able to recover slightly today, being led higher by BTC.This upwards momentum has led ETH to rapidly approach a key resistance level that bulls may struggle to surmount in…
Bitcoin Recuperating After a Sharp Decrease: Here’s Why Bulls Might Fail

Bitcoin Recuperating After a Sharp Decrease: Here’s Why Bulls Might Fail

Bitcoin declined sharply below the $6,200 support against the US Dollar. BTC price found support near $5,850 and it is currently recovering towards a couple of key hurdles.Bitcoin is correcting higher from the $5,846 swing low against the US Dollar.The price is showing positive signs above the $6,000 level, but there are many hurdles on…