Bitcoin (BTC) has finally broken above the $10,800 pivot point and is making healthy strides towards the $11,000 psychological line and above. About $9 billion has been poured back into the global crypto market in the past 24 hours as the benchmark cryptocurrency clocked $10,900 for the first time in several days. Also, over $9 […]
Bitcoin (BTC) has done little in the past few weeks to provide investors with any clear pattern on what its near-term trend might be. The cryptocurrency has been trading within a wide range between $10,150 and $11,200, with both areas being heavily laden with buying/selling pressure. The global cryptocurrency market’s near-term bias continues to be […]
An idea that has been getting thrown around recently is that Bitcoin (BTC) could hit a fresh year-to-date (YTD) high on the back of the upcoming US Presidential Election. This idea was sponsored by a recent quarterly commodity outlook published by American banking behemoth, Citigroup. The firm based its predictions on gold (XAU/USD) and its […]
Bitcoin (BTC) traded on a goodish mood today, as price rebounds from its recent visit to the $10,200 demand zone. The cryptocurrency now trades slightly above the $10,650 supply zone and a few points away from its highest level in the past two days ($10,737). Meanwhile, data from Coinmarketcap indicate that the cryptocurrency market fell […]
Over recent days, Bitcoin (BTC) has been forging a strong correlation to the equities market once again and it has been observed that this occurs usually when global uncertainty is rife. Currently, investors are wracked with fears over the dwindling prospects of second domestic stimulus measures in the US, coupled with the weaning possibility of […]
Bitcoin (BTC) is back in a bearish territory as about $12 billion has been shaved off the crypto market in the past 24 hours. Also, about $10 million worth of BitMEX BTC longs has been liquidated as a result of the decline. Over the past 12 hours, Bitcoin slumped from the $10,900 area to a […]
Bitcoin (BTC) has been plagued with mixed signals for a good deal of time now. Although it has been slowly climbing higher, the lower-$11,000 area appears to be a very aggressive resistance zone. The intensity of selling pressure it garners in this area indicates that bulls may not be dominating as once believed. This could […]
The open interest of Bitcoin (BTC) has been observed to be growing once again, indicating that a possible large price movement is brewing. Over the last 24 hours, the cryptocurrency fell by more than 2%from $11,100 to $10,900, where it is currently lingering around. The $11,100 was a much-talked-about level by analysts and it is […]
Bitcoin (BTC) has broken a key resistance despite weakness across other altcoins. After bottoming out at $9,800 last week, the cryptocurrency has grown by more than $1,000 as it now trades at $11,027 at press time. This surge was likely a ripple-effect from MicroStrategy’s 10,000 BTC purchase. However, many traders fear that this goodish bounce […]
