Bitcoin’s (BTC/USD) erratic price action over the past few days has kept its near-term trend in obscurity, as it is yet to close above or below any key technical level. Many analysts now believe that a highly bullish pattern is emerging, which could have a major influence in the near-term. The ascending triangle, which we […]
Bitcoin experienced a sharp correction today after failing to reclaim the $12k psychological resistance yesterday. About $14 billion have been withdrawn from the market in the last few hours after a double top appeared on the 4-hour chart. Bitcoin touched the $12k area yesterday and on the 2nd of August. At press time, Bitcoin is […]
Bitcoin continues to maintain its position just below the $12K mark, following a recent consolidation around the $11,600-800 level. However, we saw BTC attempt to break the $12,100 (2020 high) again yesterday. Despite the bull-run, Bitcoin couldn’t hold this level for more than a few hours before dipping sharply to the $11,500 level. At press […]
This past week was a roller-coaster for Bitcoin. At one point, BTC went from $12,000 to $10,500 in the space of just a few minutes. However, it spent the majority of last week climbing closer to the $12,000 mark again. On Friday, the benchmark cryptocurrency dropped as low as $11,200 (previous resistance turned support), before […]
2020 has been quite a year unto itself so far. The COVID-19 pandemic has ravaged entire countries and forced millions into a state of lockdown. Even now as countries struggle to reopen their economies, the specter of COVID-19 still looms on the horizon. Australian, Japan and Hong Kong are amongst the latest countries that have […]
Bitcoin (BTC/USD) is currently contending with a consolidation phase around the upper $11,000 area. This is coming as the cryptocurrency continues in its struggle to break the $12,000 resistance. Worth mentioning is the organic authenticity of this rally compared to previous ones in past years, which indicates that it is curating a strong base for […]
Based on today’s performance, it appears as though that Bitcoin (BTC/USD) bulls are starting to lose traction. For the first time since the 21st of July, BTC has recorded a lower high as it struggles to break the $11,860 resistance. Also, it has been observed that more than $4 billion have exited the market in […]
Bitcoin’s (BTC/USD) appeal as a hard asset is waxing stronger by the day. The cryptocurrency appears to have formed a correlation with gold, silver, and other traditional safe-haven assets. As a result, Bitcoin has been losing its ties with the equities markets, which speaks volumes of the benchmark cryptocurrency’s budding stability. Analysts believe that this […]
The past two weeks have been phenomenal for Bitcoin. Soon after the break of the long-lasting $9,200 resistance on the 21st of July, Bitcoin picked up impressive steam and—just two days ago—recorded a fresh 2020 high above the $12,100 line. A whopping 31% rise. However, it was immediately met with a strong correction to previous […]
