It has been a slow and choppy couple of weeks for Bitcoin (BTC). The cryptocurrency came tumbling down to the upper-$9,000 level after it recorded a fresh YTD high around $12,400 a few weeks ago. Weirdly, this offers little or no insight into the near-term outlook of BTC, although it has shown just how strong […]
Bitcoin (BTC) has now spent close to seven days battling with the $10,000 mark, as bulls continue to hold that line and prevent any significant decline. It is still unclear in what direction a breakout could occur soon, but it looks like the bulls are winning despite the enduring BTC weakness. Crypto traders always say […]
The price of Bitcoin (BTC) is falling largely because the market is growing fearful of a replay of the dreaded ‘Black Thursday.’ However, considering the extent to which whales have acquired BTC over the months, a replay of that event is highly unlikely. Still, it remains unclear what the cause of the sudden trend is. […]
Bitcoin (BTC) remains in its struggle to stay above the coveted 5-digit level but seems to be losing the battle as it has broken beneath that level several times in the past few days. At the start of the day, Bitcoin exhibited significant weakness as bears sent it as low as $9,880 where it carried […]
Just a couple of days ago, Bitcoin (BTC) was flying high above the $12,000 mark. Fast-forward to today and the benchmark cryptocurrency is struggling to close today’s candle above the $10,000 key support. It all came crashing for Bitcoin when the US equity markets picked up strong demand, causing excess supply for the cryptocurrency. Meanwhile, […]
Bitcoin (BTC) has undergone a dramatic loss extension, as it shed more than $1000 in just under 24 hours. In yesterday’s analysis, we speculated that Bitcoin could consolidate for a while before a major breakout. Based on our 4-hour chart, that is exactly what happened. After a while of holding around the $11,400-200 region, BTC […]
Investors have been trooping into Bitcoin (BTC) and other cryptocurrencies since August 37, with the overall market capitalization rising from $348 billion to its current peak at $400 billion. This inflow of capital has assisted Bitcoin to grow by over $800 from its August low of $11,115 set four days ago as it approaches the […]
Bitcoin (BTC) managed to gain some bullish momentum today as it erased all its losses from yesterday’s slump. Analysts are now suggesting that the benchmark cryptocurrency could see a strong bullish comeback soon thanks to the bounce seen from the $11,130 (yesterday’s low) after it dipped on the back of the Fed-induced volatility. This is […]
It can be said that a great deal of Bitcoin’s (BTC) short-term market bid now depends heavily on the outcome of the impending Jackson Hole Symposium later this week. The cryptocurrency has been weakening ahead of the event and has plunged by about 3.5% at the close of the London session on Tuesday, after recording […]
