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 […]
This week has been a roller coaster for the cryptocurrency market, with Bitcoin (BTC) being in the spotlight. Bitcoin started the week off around $11,700 and maintained that price tag for a while before heavy volatility was pumped in on Monday, causing the benchmark cryptocurrency to reach a high of $12,475. The cryptocurrency community went […]
Bitcoin got some attention a few days ago after it reached a 2020 high of $12,475. That leg up seemed pretty solid as Bitcoin seemed to stay above $12,000 longer than it had any time this year. However, bears later swung into action, sending the cryptocurrency down by about $1,000 over a few days. The […]
Bitcoin (BTC) and the rest of the cryptocurrency market have been swept by intense volatility in today’s session, with the benchmark cryptocurrency plunging below the key $12k support. This drop saw BTC drop as far as $11,600 before bulls stepped in to prevent further declines. Many analysts believe that this sharp decline has disrupted Bitcoin’s […]
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 […]
