Cryptocurrency Analysis and News Portal
Bitcoin opened 2020 with a bang, rising by as much as 32 percent in January as investors’ appetite for safe-haven assets grew. However, the price rally is now looking to fizzle.The bitcoin-to-dollar exchange rate has dipped by circa 9 percent after registering a local top near $9,200. The pair on
Read MoreBitcoin prices on Friday are plunging after marking their highest levels in over two months, hurt by an improving outlook of the eurozone economy, the stronger dollar, and – none the least – the Coronavirus outbreak in China.The benchmark cryptocurrency’s spot rate fell by 1.66 percent to $8,246.14 as of 11:20
Read MoreSince Bitcoin investors got a taste of parabolic price action in early-2019, during which BTC surged from the low-$3,000s to $14,000 in a few weeks’ time, they have been craving more.According to a Google Trends analysis, another parabolic rally is about to form again in the cryptocurrency market again. Considering
Read MoreBitcoin price failed to stay above the key $8,500 support area and extended its decline against the US Dollar. BTC price is likely to continue lower towards $8,000 or $7,880.Bitcoin started a strong corrective decrease from the $9,200 resistance area.The price broke the key $8,500 and $8,470 support levels to
Read MoreTop bitcoin rivals suffered major losses on Thursday after bulls failed to extend the last week’s wild upside price rally.Bitcoin SV’s BSV, after its stupefying climb before mid-January session, led the march downwards. The token fell by more than 9 percent on a 24-hour adjusted timeframe. Stellar’s XLM and Binance’s
Read MoreBitcoin bulls are facing an uphill task near $8,700 and $8,800 against the US Dollar. BTC price could either rally above $8,800 or decline heavily below $8,470 in the coming sessions.Bitcoin is showing a few bearish signs after it was rejected near $8,800.The price is currently sliding and it is
Read MoreA textbook candlestick pattern is showing a very rosy future for Bitcoin SV (BSV).The fifth-largest cryptocurrency by market cap lately formed a Golden Cross – a bullish signal wherein an asset’s short-term moving average closes above its long-term moving average. It achieved the mettle after surging by a parabolic 500
Read MoreBitcoin is looking to repeat a technical pattern that crashed its price to $3,120 in late 2018.The leading cryptocurrency by valuation made a rebound from levels near $13,920 during June 2019. It plunged by more than 53 percent in the later sessions, falling to establish a local bottom towards $6,410.
Read MoreOver the past month, Bitcoin (BTC) has absolutely exploded higher. In fact, the cryptocurrency is up around 40% since the low of $6,400 put in during December of last year.While many analysts have said that this jaw-dropping rally constitutes a macro reversal that will thrust BTC back into a decisively
Read MoreBitcoin reversed after a sharp dip towards the $8,400 support area against the US Dollar. BTC price is now signaling more upsides above $8,800 and $9,000 in the coming sessions.Bitcoin price bounced sharply and formed a bullish engulfing pattern above $8,550 against the US Dollar.The bulls are likely to take
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