Bitcoin remains in the struggle to completely break above the $10,000 mark. The cryptocurrency reached the 5-digit mark for the second time this week yesterday but failed to break it. However, analysts are becoming increasingly optimistic that the $10,000 mark will soon become history for Bitcoin. According to the trader who correctly predicted the $3,200 […]
Key Resistance Zones: $10,000, $11,000, $12,000Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: BullishYesterday, the Bitcoin bulls made a surprise bullish move to retest the $10,000 resistance. The bulls reached a high of $9,938 but could not push above $10,000 resistance. This will be the fourth failed attempt at the resistance. After […]
In its latest report, Delphi Digital— a premier digital asset research specialist—explains that the efforts being made by central banks across the globe to keep their economies afloat in this ongoing global crisis will be most beneficial for Bitcoin. The research hub stated that monetary and fiscal relief being injected into the global economy has […]
The price of Bitcoin is still trying to find its footing in the upper-$8,500 level as bulls and bears are locked in a stand-off. BTC has been juggling between $8,500 – $9,000 for the past 48 hours. Fundamentally, market participants are on edge to see how the recent halving event would impact the price of […]
The long-awaited Bitcoin Halving finally took place yesterday. However, the cryptocurrency giant did not exhibit substantial volatility as was expected. Also, Bitcoin’s hash rate has decreased just slightly several hours after the halving. A long-term bullishness in BTC price is sure to occur courtesy of the halving, however, its short-term price impact remains unclear at […]
ErisX, a derivatives clearing firm headquartered in Chicago, today announced the introduction of physically settled Ether contracts to its current futures products. ErisX previously provided settled Bitcoin (BTC) contracts in physical form. Although BTC retains the dominant cryptocurrency position, second-placed ETH has trailed behind. While it’s no coincidence that ErisX wants to introduce an Ether […]
Bitcoin recorded a strong downwards move on Saturday, which led the cryptocurrency to erase about $2,000 from the month’s high of $10,079. This decline was largely due to a selloff triggered by the 5-digit level ($10,000). However, Bitcoin has since recovered some of the loss. The selloff roused Bitcoin critics who had been quieted all […]
In the past 24 hours, Bitcoin appears to have fallen off a cliff. The cryptocurrency giant fell right after it broke the $10,000 resistance to the $8,100 level, recording more than an 18% drop. The price of BTC dropped drastically, ignoring previously recorded support lines as it approached its new monthly low. According to a […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Bitcoin faces rejection as bulls were resisted at the $10,000 resistance. The bulls tested the $10,000 resistance twice before being repelled. A bearish double top was formed as the market retraced. The price retraced below the breakout […]
