Cryptocurrency Analysis and News Portal
There is a 57 percent chance of Bitcoin undergoing a bearish breakout, according to a standalone indicator.The warning pops at a time when the cryptocurrency is testing a 2.5-year-old trendline as its primary resistance.If valid, then the bitcoin price can fall towards $7,700.Bitcoin has confirmed the presence of a standalone
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Bitcoin briefly closed above $6,400 for the second time in seven days.The cryptocurrency later pulled back by circa $400 amid profit-taking.It found support near $9,000, raising concerns about an extended move towards $7,500.Bitcoin’s impressive rebound from its mid-March lows extended its upward move above $6,400 on Wednesday. But the price
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Grayscale’s Bitcoin Trust shares (GBTC) are currently trading at $7.49 per share, a 15.81% premium of Bitcoin. GBTC is the first publicly quoted security “solely invested in and deriving value from” Bitcoin and since listing it has been known to trade at a high premium, having hit a 2020 high
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Bitcoin logged its wildest week for the first time in seven years, plunging by more than 50 percent after a sell-off sparked by the worsening Coronavirus pandemic.The benchmark cryptocurrency on Friday crashed from $8,187 to $3,858 with a matter of 30 minutes. A rebound ensued and took prices up to
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Worried traders dumped bitcoin positions again on Thursday as it failed to serve as an insurance asset amidst rising Coronavirus fears.The bitcoin-to-dollar exchange rate fell to $8,520 in a massive overnight selling, extending its net week-to-date losses by up to 15.05 percent. The downside move came alongside a $$196 million
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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Tech analysis of BTC/USDBitcoins worth 313 million USD were withdrawn through Bittrex.The SIX platform has added a derivative on the BTCOn W1, the Bitcoin continues the descending tendency inside the previous channel and has already reached 61.8% fibo. The next downside target may be
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Bitcoin seems to continue this week’s losses. After yesterday’s sell-off, crypto markets continued to fall and Bitcoin price fell below the $8,200 threshold. At the time of writing it was still in the fall by 4.81% to $8,148.80.The correction of the market is more than obvious because, at the time
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Bitcoin (BTC) price is still retracing from the massive rally two weeks ago, which leads the sentiment to turn bearish. Several signs indicate that the price needs to reverse quite soon, or the whole upwards move is deleted from the charts.Crypto market data. Source: Coin360Bitcoin loses 200-Day MA and
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Four Main Reasons Behind the Falling Bitcoin Price October 22, 2019 by Jeff Fawkes A thought that makes most Bitcoin veterans nervous: that the price may never jump back over the $14,000 USD level. Why is this? Because the industry needs some new code before it can move on to
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Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisThe capitalization of the crypto market has fallen by $35 billion overnightThe BTC hashrate has returned to its standard values after a slumpFrench shops are beginning to accept the Bitcoin for paymentOn W1, the Bitcoin has completed the correction in
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