Bitcoin’s (BTC) sensational bull rally has just hit a major obstacle after it failed to claim the $12,400 resistance. Prior expectations for a parabolic continuation has now been put aside as bulls recover from the brutal decline. The cryptocurrency market has shed about $13 billion from yesterday’s peak of $387 billion over the past 24 […]
Before now, Bitcoin has been idling under the $11,900 mark, despite the fresh influx of $6 billion into the global crypto space in the past few days. In the past few hours, however, a sharp boost in buying pressure surfaced, which took Bitcoin to the long-awaited $12k since August 11. This was a level that […]
Bitcoin has performed exquisitely well over the past few weeks. Since July, the benchmark cryptocurrency has grown by about 30% against the US dollar, performing better than most other macro assets. For some days now, Bitcoin, Etheruem, and Ripple have exerted dominance over the weakening US dollar. BTC continues to hold its gains above the […]
Bitcoin has, once again, reached the upper-11k region. This region has been a major roadblock for the cryptocurrency for close to 3 weeks now. BTC has been in a consolidation phase between $11,200 and $12,000 for the said amount of weeks. Analysts are trying to connect recent events like the sharp decline in exchanges’ BTC […]
Bitcoin (BTC/USD) remains significantly bullish in an ascending wedge, despite numerous attempts by bears to pull the price down over the past couple of days. In the 4-hour timeframe, we can see that the base of the ascending wedge has been tested several times, but bears have been unable to take the price lower. However, […]
Bitcoin’s (BTC/USD) erratic price action over the past few days has kept its near-term trend in obscurity, as it is yet to close above or below any key technical level. Many analysts now believe that a highly bullish pattern is emerging, which could have a major influence in the near-term. The ascending triangle, which we […]
Bitcoin experienced a sharp correction today after failing to reclaim the $12k psychological resistance yesterday. About $14 billion have been withdrawn from the market in the last few hours after a double top appeared on the 4-hour chart. Bitcoin touched the $12k area yesterday and on the 2nd of August. At press time, Bitcoin is […]
Il 2020 è stato un anno a sé stante finora. La pandemia COVID-19 ha devastato interi paesi e costretto milioni di persone in uno stato di blocco. Anche ora mentre i paesi lottano per riaprire le loro economie, lo spettro di COVID-19 si profila ancora all'orizzonte. Australia, Giappone e Hong Kong sono tra gli ultimi paesi che hanno [...]
Sulla base degli eventi storici, ora siamo nel mese peggiore di Bitcoin. Nella maggior parte dei casi, il prezzo del Bitcoin tende a scendere in modo significativo nel mese di agosto. Tuttavia, sembra essere in gioco un modello di inversione rialzista che potrebbe mandare BTC al livello di 12,000 dollari ancora una volta nel breve termine. Il modello sopra menzionato viene solitamente avviato dai commercianti di balene […]
