Cryptocurrency Analysis and News Portal
Pending home sales fell 21.8% in April and 33.8% annually, recording their biggest plunge ever. This may be as bad as it gets for the U.S. housing market. One economist has already upgraded his full-year forecasts for residential real estate prices and sales. Housing market bulls braced for a
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Ethereum nosedived below the $202 support zone against the US Dollar. ETH price revisited the $192 support and it seems like there is a key double bottom pattern forming near $192.Ethereum declined more than 5% and it tested the main $192 support zone.It seems like there is a double pattern
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Bitcoin (BTC) is failing to retake $10,000 due to a fresh wave of miner selling, fresh data suggests ten days after the halving.Compiled by monitoring resource CryptoQuant, the figures show that over the past five days, combined outflows from BTC mining pools spiked 600% — from 1,066 BTC to 7,426
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After attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days.BTC’s tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the
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Over the past few days, Bitcoin has struggled to cross $10,000. Just yesterday, the cryptocurrency was rejected from the key resistance for the second time in a week, plunging to $9,200 just hours after it failed to break into five digits.But analysts are becoming convinced that Bitcoin is poised to
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Bitcoin is back on the headlines after the outrageous price action it has experienced before and after the halving took place. The flagship cryptocurrency rose to a high of $10,100 on May 7 to then take a 22% nosedive over the weekend. Now, BTC is back up, recovering most of
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Bitcoin enjoyed an impressive rally over the past 60 hours. The flagship cryptocurrency rose by nearly 13%. The sudden upswing allowed it to jump from a low of $8,900 to test the psychological $10,000 resistance level.Throughout the upward move, over $23 million worth of BitMEX short positions were liquidated as
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After a multi-day consolidation around $9,000, Bitcoin is finally breaking out again. Thursday morning saw the cryptocurrency hit $9,400, revisiting the highs of last week as bulls step in.While the ever-important $9,400-9,500 zone has held as macro resistance yet again, the asset is coiling for a breakout. And according to
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The head of Hedge Fund Telemetry, Thomas Thorntown, has been extremely accurate at predicting Bitcoin’s tops and bottoms. By employing the Tom Demark (TD) Sequential indicator, the trading veteran has been able to forecast the direction of BTC’s trend.In mid-December 2019, for instance, while the flagship cryptocurrency fell below $6,500,
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After days of consolidation after rallying 100% from the March bottom, Bitcoin tanked under $7,000 just minutes ago, reaching a local low of $6,920 as of the time of this article’s writing. With this downward move, the cryptocurrency is down 6% from Thursday’s peak and down nearly 8% from the
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