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Bitcoin on Wednesday moved slightly upward as traders remained puzzled about its next big price rally. The bitcoin-to-dollar exchange rate surged by as much as 0.80 percent to establish an intraday high of $7,263.31. The move uphill accompanied a moderate rise in volume. The conformity between price and volume showed traders’ inclination
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Bitcoin is not only the largest digital asset in the crypto market by market cap, it’s also one of the most profitable as it has been returning consistent profits for its hodlers and investors over the years. The asset’s popularity also ensures that it’s consistently being talked about, with various
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Bitcoin price traded to a new weekly high at $7,664 and declined recently against the US Dollar. The price is now trading below the $7,420 and $7,400 support levels. There is a key bearish trend line forming with resistance near $7,525 on the hourly chart of the BTC/USD pair (data feed from
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Disclaimer Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. This article is
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Bitcoin price is struggling to hold a couple of important supports near $7,200 against the US Dollar.The price is likely to continue lower below the $7,200 and $7,000 support levels.There is a major bearish trend line forming with resistance near $7,390 on the hourly chart of the BTC/USD pair (data
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Bitcoin options traders on a major bitcoin futures market are expecting the bitcoin price to keep cooling through June 2020.If their market consensus projections hold true, bitcoin’s price won’t be getting a boost from May 2020’s halving.On the bright side, bitcoin futures are pricing in a 4% probability of a
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Bitcoin is likely to end 2019 on a bearish tone.Analysts share their year-end predictions and it appears that there will be no Christmas rally.With bitcoin flirting with $6,800 support, we might see a painful leg down soon.Bitcoin bulls might be sitting out the last month of 2019. While December has
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Ripple price is currently correcting from the new monthly low of $0.2005 against the US dollar.The price might correct further higher, but the $0.2270 resistance is a crucial hurdle for buyers.There is a major bearish trend line forming with resistance near $0.2205 on the hourly chart of the XRP/USD pair
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Ethereum is down more than 8% and it tested the final $155 bearish target against the US Dollar.Bitcoin price is also down around 6% and it traded close to the $7,400 bearish target (as discussed yesterday).There is a short term contracting triangle forming with resistance near $165 on the hourly
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At the time of writing, Bitcoin is trading at $ 7,911.80, the lowest level since the end of October, and the decline is down, the price is likewise down despite positive news.In the interview recently, PayPal CEO Dan Schulman admitted owning Bitcoin. Besides, financial giant Fidelity recently acquired a license
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