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 […]
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 […]
