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 […]
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) 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 […]
Bitcoin (BTC) continues to react negatively to yesterday’s unexpected news, after the United States Commodity and Futures Commission (CFTC) and the Federal Bureau of Investigation (FBI) took legal action against top Bitcoin derivatives exchange, BitMEX. About $18 billion has been withdrawn for the global cryptocurrency market since the news broke, and over $20 million worth […]
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) bulls had a good run today as they pushed the benchmark cryptocurrency closer to the $11k target and sought to break out of the recent downtrend. The cryptocurrency appears to have benefited from the recent bearishness in the US dollar (DXY). This has sent both gold and Bitcoin, as well as the equity […]
