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 […]
Based on historic occurrences, we are now in Bitcoin’s worst month. Most times, the price of Bitcoin tends to drop significantly in August. However, a bullish reversal pattern appears to be in play and could send BTC to the $12,000 level once again in the near-term. The aforementioned pattern is usually initiated by Whale traders […]
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 […]
