Cryptocurrency Analysis and News Portal
Bitcoin has stagnated around $9,300 but this hasn’t stopped Cardano (ADA) from surging higher. The altcoin is up over 30% in the past 24 hours, surging higher on an influx of buying volume across all major exchanges.With the latest move higher, Bitcoin Satoshi’s Vision (BSV) has been unseated as the
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Leading Bitcoin higher, global stock markets saw an extremely strong performance on Monday.As covered by NewsBTC, the Shanghai Composite index and the FTSE China A50 index both set new all-time highs on a 6% surge. The S&P 500 followed suit with its own gain, rallying 1.5% from last week’s close
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Bitcoin futures have seen a rising premium over spot BTC in recent months, which seems to indicate that traders are bullish on the benchmark cryptocurrency.This premium is particularly clear while looking towards the CME – which seems to indicate that professional traders and institutions are particularly bullish on BTC at
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Switching Bitcoin price charts from one type to another gives a clear as day look at what appears to be a full-blown breakout into a bull market.Better yet, the price action also shows a retest of downtrend resistance turned support, which could act as a launchpad for the cryptocurrency.Understanding Technical
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Bitcoin has remained caught firmly within the throes of its long-held consolidation phase in the lower-$9,000 region.It is now expressing some signs of weakness due to its inability to surmount the slight resistance that sits around $9,300, but it remains unclear as to whether or not sellers are strong enough
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Following this year’s block rewards reduction event in mid-May, the flagship cryptocurrency entered a consolidation period without providing any clear signs of where it is headed next. Since then, its price has mostly traded between the $8,900 support level and the $10,000 resistance.Throughout this time, Bitcoin has failed to close
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Bitcoin SV, the controversial blockchain token promoted by Craig Wright, has surged by 21 percent in just two days.The wild price rally surfaced as Bitcoin, the leading cryptocurrency token, jumped above $9,300 after a week of rangebound action.Nevertheless, the extent of Bitcoin SV’s rise surprised, given the move had no
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Even after a healthy rally from $9,000 to a local high of $9,400, Bitcoin remains in no man’s land.The cryptocurrency is caught below $9,500 and caught above $8,500, both important levels on a medium-term time frame. Bitcoin may seem directionless as a result, as it is still anyone’s guess as
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Bitcoin started a steady increase and broke the $9,300 resistance against the US Dollar. BTC is currently up close to 3% and it might continue to rise towards the $9,500 resistance.Bitcoin is gaining momentum and it recently broke the $9,300 resistance zone.The price traded to a new weekly high at
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Bitcoin has performed extremely well since March’s lows, rallying over 150% from the $3,700 capitulation bottom. Even after a strong $1,200 retracement from the $10,500 highs, BTC is still one of the best-performing assets of 2020.Yet a crucial indicator suggests that Bitcoin is still intrinsically undervalued, boding well for the
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