Cryptocurrency Analysis and News Portal
Bitcoin extended its bearish correction at the start of this week, falling briefly below $9,000 for the first time in three weeks.While cryptocurrency reclaimed the said support level, fears of new sell-off rounds are looming over its market.Meanwhile, a separate fractal is also suggesting that Bitcoin would retest $6,000 in
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Bitcoin’s recent price action has seen it fail time and time again to break into the $10,000s. Just recently, the cryptocurrency dove 4% yet again, falling from the high-$9,000s to $9,400.It’s consolidation under a key resistance that has had some analysts skeptical that Bitcoin will continue even higher.Yet an eerily
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While Bitcoin is up 5% over the past two days, the crypto-asset market remains in consolidation.After hitting $10,100 in late April, the cryptocurrency has stagnated under that key level. It has since traded in a relatively tight consolidation pattern from $8,500 to $9,500, failing to move decisively out of this
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Bitcoin formed a super bullish Golden Cross on May 20, 2020.Nevertheless, the cryptocurrency plunged by up to 9 percent in a contrary move.Earlier in February 2020, Bitcoin’s Golden Cross formation had followed a 61 percent price crash.On May 20, 2020, Bitcoin formed a Golden Cross, a widely-tracked, long-term bullish indicator
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Bitcoin (BTC) price is portraying a similar trend seen in April 2019, when BTC surged from $5,000s to $14,000 within two months. Based on the similarity of the price action, there is a possibility that the top-ranked cryptocurrency by market capitalization could gear towards a new local peak in the
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There are many traders flipping bearish after Bitcoin’s strong retracement over the past day.As reported yesterday, Ethereum’s inability to hold $210 indicates that more downside is on its way for the leading altcoin. Ethereum dropping would likely result in weakness for Bitcoin, as the two cryptocurrencies tug each other in
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A prominent analyst within the crypto community suggested that Ethereum’s price action seems to resemble the way Bitcoin was behaving between 2015 and 2018. Under such circumstances, the chartist implied that ETH can surge up to 63x in its next bull run.The smart contracts giant could have the ability to
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Tezos’ native cryptocurrency XTZ confirms forming Inverse BARR, a bullish reversal indicator.The XTZ/USD pair is waiting to close above a crucial technical resistance while setting its upside target 50 percent higher.Promising utility growth confirms a bullish scenario in the Tezos market.XTZ, the native token of multi-purpose blockchain Tezos, could surge
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Bitcoin broke below $7,000-support after US oil futures slipped into negative territory for the first time.The cryptocurrency’s latest plunge has alerted an old bearish setup that ensures its rate near $5,300.Positive fundamentals are holding bitcoin above key support levels for now.Bitcoin failed to sustain above $7,000 after the US oil
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Over the past few days, Bitcoin has started to trend higher; since hitting $8,400 last weekend, the price of the leading cryptocurrency rallied as high as $9,250 on Saturday morning.Although there are many optimists saying that this price action is a precursor to even greater gains — Bloomberg suggested that
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