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Since 2017’s blow-off top at $20,000, investors have been wondering when Bitcoin would be thrust into its next bout of parabolic growth. After all, crypto investors are used to rounds of rapid growth, then brutal drawdowns.Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi ExplodesBut, a key indicator
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In the wake of the crash to $3,700, investors thought Bitcoin was on a certain path to fresh macro lows under $3,100. But, this has quickly changed as the cryptocurrency has embarked on a stunning recovery, reaching $7,500 last week on the back of hype regarding the May 2020 block
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Despite the bearish macroeconomic view, Bitcoin has performed extremely well over the past few weeks, rallying from the $3,700 lows to a high of $7,500 just last week. Even after a slight correction, the cryptocurrency remains around 90% higher than it did during the “Black Thursday” crash.But, some analysts are
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After falling as low as $6,500 this week seemingly due to stock market weakness, Bitcoin has mounted a strong comeback over the past 24 hours, rallying as high as $7,200 as bulls have taken over. Other cryptocurrencies have registered even more impressive gains.$8,000, some analysts say, is next for Bitcoin
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Ripple rallied recently above $0.1900 and $0.1910 against the US Dollar. XRP price is currently correcting gains, but it is likely to climb back above $0.1900 in the near term.Ripple price is showing a lot of positive signs above the $0.1840 support against the US dollar.A new weekly high is
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Ethereum is up close to 15% and it broke many hurdles against the US Dollar. ETH price settled above the $170 level and it is facing a key resistance near the $175 level.Ethereum rallied more than 10% and broke many resistances near $165 and $170.The bulls pushed the price towards
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Bitcoin is currently trading in a broad range above the $6,500 support against the US Dollar. BTC is facing a major resistance near $7,500 and the 100-day simple moving average.Bitcoin is still in a larger downtrend below the $7,500 resistance against the US Dollar.The price is currently consolidating above the
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While Bitcoin has embarked on a steep recovery since the $3,700 lows seen in March, some have still been questioning the value of cryptocurrency. Case in point: a hedge fund manager named Mark Dow recently shared that he thinks the cryptocurrency is on the “edge of a cliff,” adding:“I’ve been
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Ripple is down close to 5% and it broke the key $0.1810 support zone against the US Dollar. XRP price is currently recovering, but the same support is likely to protect gains.Ripple price is back in a bearish zone below the $0.1810 support against the US dollar.A new weekly low
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Bitcoin failed to surpass the $6,900 and $7,000 resistance levels against the US Dollar. BTC price is back in a bearish zone and it could continue lower towards $6,200 or $6,000.Bitcoin is down around 4% and it is now trading well below the $6,800 level against the US Dollar.There was
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