Bitcoin (BTC) has finally made a come back above $11,800 after several days of stagnation. The price has since retraced a little to the upper-$11,600 area. Nonetheless, the recent spike has quelled fears of the CME gap at $11,100 getting filled in the near-term. BTC is now trading about $800 away from its $12,500 YTD […]
Although Bitcoin has been trading with intense volatility over the past few weeks, it appears to be flat on a macro scale. The benchmark cryptocurrency has been trading within the same $3,000 range for the past five months. This has caused its macro volatility indicators to fall to record lows. A well-known volatility analyst, Mohit […]
Bitcoin (BTC) traded through the week on strong bullish momentum. However, this momentum has recently been opposed by two major catalysts including an OKEx saga and an unfilled CME gap. The founder of OKEx, Mingxing Xu, was recently arrested in China and is being questioned. With Xu in police custody, the platform, which hollies over […]
Bitcoin (BTC) traded lower on Thursday, as hopes for an additional round of stimulus measures in the US dwindled, and a resurgence of Coronavirus infections was recorded in Europe and the US, further erasing hopes of a global economic recovery. Meanwhile, the major cause of the recent dip was the strong pick up in the […]
Bitcoin’s (BTC) volatility has begun to wane in recent hours, as the cryptocurrency has become wracked with extended periods of consolidation. Just last week, the benchmark cryptocurrency saw a significant rally, which sent its price from lows of $10,400 to $11,700 in a few days. Following the aggressive bullishness, BTC has fallen into consolidation once […]
Bitcoin (BTC) fell by more than $400 from yesterday’s high. The drop occurred unexpectedly as the daily candle for yesterday closed. Meanwhile, the decline appears to coincide with an ominous astrological event, which has some historical significance with Bitcoin and a sell set up. Following the recent Square BTC adoption-induced bull rally, the benchmark cryptocurrency […]
Bitcoin (BTC) is breaking higher barriers right now as the US markets open for business in the new week. Over the past few hours, the benchmark cryptocurrency played out the exact manner we predicted in our previous analysis. After consolidating for an extended period, BTC fell to the $11,180 area and quickly recovered, before clearing […]
Bitcoin (BTC) finally broke away from the trading pattern in September, which was plagued with low volatility. As can be observed in our 4-hour chart, the wedge was the whole story of September summarized; beginning with a huge slump and followed by a directionless consolidation. Thursday was a turnaround point for bulls after BTC finally […]
Bitcoin (BTC) and the rest of the cryptocurrency market have been riddled with intense bullishness for the past 48 hours, following a huge BTC acquisition by a popular financial services company, Square. The recent development has been perceived by analysts as a very bullish factor for Bitcoin, as increased corporate adoption will significantly bolster the […]
