Bitcoin continues to show significant weakness as it now hovers near the $11,350 support. Bulls have managed to hold defense at this level since yesterday, with every decline below this level being met with strong dip-buying. Earlier today bears tried to take BTC lower, forcing it down to $11,255. However, there was a sharp pickup […]
Bitcoin (BTC/USD) continued on its arduous struggle to get back into the ascending wedge in today’s trading session following its $500 decline on the 21st of August. This previous key support (the ascending trendline line), which helped BTC multiple times on its recent bull run, is now the major hurdle preventing the cryptocurrency from regaining […]
This past week has seen Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and several other major cryptocurrencies undergo significant downward corrections against the US dollar (DXY). Bitcoin’s decline, after touching the top $12,000 level, increased in pace after it broke below the $11,800 support. It subsequently dipped below the $11,500 and tested the $11,350 support. A […]
O Bitcoin continua a manter sua posição logo abaixo da marca de US$ 12 mil, após uma recente consolidação em torno do nível de US$ 11,600-800. No entanto, vimos o BTC tentar quebrar os US$ 12,100 (máximo de 2020) novamente ontem. Apesar da corrida de alta, o Bitcoin não conseguiu manter esse nível por mais de algumas horas antes de cair drasticamente para o nível de US$ 11,500. Na imprensa […]
This past week was a roller-coaster for Bitcoin. At one point, BTC went from $12,000 to $10,500 in the space of just a few minutes. However, it spent the majority of last week climbing closer to the $12,000 mark again. On Friday, the benchmark cryptocurrency dropped as low as $11,200 (previous resistance turned support), before […]
2020 tem sido um ano e tanto até agora. A pandemia COVID-19 devastou países inteiros e forçou milhões a um estado de bloqueio. Mesmo agora, enquanto os países lutam para reabrir suas economias, o espectro do COVID-19 ainda paira no horizonte. Austrália, Japão e Hong Kong estão entre os últimos países que têm [...]
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 […]
