Cryptocurrency Analysis and News Portal
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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Bitcoin was able to post a bullish reaction to its recent dip below $9,000, with its buyers sparking a rally that sent it as high as $9,300.Although this rally has not confirmed any type of notable technical breakout, it has helped shift some of the benchmark cryptocurrency’s technical indicators into
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After attempting to break below $9,000 on Sunday, Bitcoin has mounted somewhat of a comeback.As of the time of this article’s writing, the cryptocurrency trades at $9,350. This is the highest BTC has traded in over a week.BTC price chart from TradingView.comWhile some doubt it can make it past the
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The Chinese stock market has found itself caught within the throes of a fresh bull market, and it could create a tailwind that lifts Bitcoin.After facing the dire implications of the ongoing pandemic that originated within China’s borders, the country’s investors appear to be moving on, now helping to fuel
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Bitazu Capital founding partner Mohit Sorout pinpointed that the volume of Bitcoin (BTC) declined since May. While the price of the top cryptocurrency has dropped since, its volume suggests it is not entirely bearish.Due to the second rejection of Bitcoin at $10,500 this year, traders have suggested the possibility of a
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Bitcoin 10-day realized volatility reaches 20 percent for the first time since November 2018, according to data collected by Skew.The dip follows the cryptocurrency’s sideways consolidation moves in a narrow trading range across the last two weeks.Skew alerted the current volatility levels risks a “great sell-off,” citing a similar downside
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