Cryptocurrency Analysis and News Portal
2019 was marked by some of the world’s most powerful people talking about Bitcoin in public settings.President Donald Trump said in a surprise Twitter thread that cryptocurrencies, from BTC to Libra, are no something he is a fan of, citing their potential to be used in crime. Tesla’s Elon Musk
Read MoreA long-term bitcoin price resistance has flipped to become support for what appears to be a potential bullish action.The 50-weekly moving average (50-SMA), which measures the average of bitcoin prices over a 50-week period, looks to assume the role of a strong pullback level. The year’s first week marked the
Read MoreWhales on the world’s largest bitcoin margin trading platform BitMEX are selling large amounts of BTC. After the rejection at $9,200, investors are seemingly moving towards hedging their holdings to brace for a bigger pullback.According to a platform that reports unusually sizable sell orders on BitMEX, many whales sold millions
Read MoreBitcoin is currently consolidating above the key $8,500 support area against the US Dollar. BTC price could start a fresh rally if it clears the $8,800 resistance area.Bitcoin price is confined in a range above the main $8,500 support against the US Dollar.The bulls are facing hurdles near the $8,760
Read MoreAlthough almost the entire cryptocurrency industry started 2020 with big price increases, one has stood out above the pack. Bitcoin SV (BSV) kicked off the year at below $100 and now trades for more than $300.Whereas most digital currencies have traded sideways over the last 24 hours, Bitcoin SV is
Read MoreComing into the first quarter of 2020, offbeat asset bitcoin is already proving to be the year’s best investment.The benchmark cryptocurrency’s upside run has returned roughly twenty-fold returns in January. Its rate peaked at over $9,190 on Coinbase exchange on the 19th. In comparison, it was trading at a mere
Read MoreThe Fear and Greed Index (FGI) for crypto is currently neutral at 53. The last time it was at this level, a 30 percent drop occurred for bitcoin in November 2019 from $9,400 to $6,410.The signaling of the indicator follows a swift six percent drop from $9,100 to $8,500, which
Read MoreBitcoin failed to extend gains above $9,200 and started a downside correction against the US Dollar. BTC price tested the $8,500 support and it could bounce back.Bitcoin price is down more than 5% from the $9,186 high against the US Dollar.The $8,500 support area could play an important role in
Read MoreBitcoin is climbing steadily above $8,800 and $9,000 against the US Dollar. BTC price could start a massive rally towards $10K and $11K if there is a daily close above $9,300.Bitcoin price is gaining momentum above the $9,000 resistance area against the US Dollar.A new 2020 high is formed near
Read MoreAfter Bitcoin (BTC) rocketed from $3,000 to $14,000 in the span of six months, analysts have been sure that the cryptocurrency would never revisit the $3,000s again. Indeed, the logarithmic price curve that has contained the asset’s price action for the past decade predicts BTC will never again hit $3,000.But,
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