Cryptocurrency Analysis and News Portal
[sociallocker id="55298"] A quick rally followed by a sharp decline earlier this week in bitcoin prices spelled trouble for bulls. However, volatility is back in the spotlight and that could bring other opportunities, according to market players. Bitcoin (BTC) was trading around $9,816 as of 20:00 UTC (4 p.m.
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In just a few minutes’ time, Bitcoin will close May’s price candle. Analysts say that this close will be crucial for indicating in which direction the cryptocurrency market heads next.A region of importance that many analysts are eyeing is the low-$9,000s. As one analyst explained:“We’ve not had a Monthly close
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Bitcoin may see a move higher in coming weeks, courtesy of two major daily moving averages heading for a collision dubbed a golden cross.The cross occurs when a short-term moving average (MA) crosses above a longer-term one, typically the 50-day and 200-day MAs, hinting at strong upward momentum in an
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There was a time when Litecoin was trading alongside the crypto market’s foremost leaders, Bitcoin, Ethereum, and XRP. But over the past few years, since the previous market bubble, the prominent altcoin has suffered.As of the time of writing this article, LTC is now the seventh-largest cryptocurrency by market capitalization
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Buyers, however, remained elusive and the average support, then located around $6,100, was convincingly breached in mid-November with high volumes. The violation of the support likely triggered stops on long positions, leading to a violent sell-off. Source
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Thailand’s leading cryptocurrency exchange Bitcoin Co. Ltd. (BX.in.th) is closing down all of its trading operations.The exchange announced its decision to discontinue trading on Sept. 2. The official website of the exchange states:“Bitcoin Co. Ltd. has decided to discontinue offering digital exchange services and wallet services at our BX.in.th
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