Cryptocurrency Analysis and News Portal
Bitcoin price is once again flirting with resistance above $10,000 but has yet to penetrate and hold above the key level. This latest visit has resulted in a lower high.Unless the cryptocurrency can get through and set a new local peak, the asset is at risk of setting a new
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Bitcoin has been stuck in the $9,000s for the past two months, trading between $8,500 and $10,000 for weeks on end.While the cryptocurrency has maintained the $8,500 support level on multiple occasions, a key indicator shows that the bullish momentum is weakening.Related Reading: Crypto Tidbits: BTC At $9k, Grayscale Ethereum
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Bitcoin’s price action over the past few weeks has been “boring” to many traders.Due to similar indecision in the equities market, which has influence over what direction cryptocurrencies will head, BTC has stalled in the $8,000s and $9,000s from early May until now.At long last, analysts say that a breakout
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Bitcoin may be down 50% from its all-time highs, but Ethereum has registered an even more harrowing performance. Even after rallying approximately 175% from the March lows, the asset remains more than 80% below its all-time high of $1,430.Some have remarked that the asset’s inability to recover is a death
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Even though Bitcoin is up more than 150% from March’s lows, analysts have still been questioning if it is just a matter of time before the bear trend continues.A trader that months before March called for Bitcoin to fall to the $3,000s and for XRP to reach $0.11 recently touched
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On June 1st, Bitcoin surged just under $1,000 in mere hours, rallying from $9,500 to a high of $10,400. It was a move that made analysts immediately flip bullish on the flagship cryptocurrency.Chief executive of Real Vision Raoul Pal shared the below chart in the wake of the move with the
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[sociallocker id="55298"] Bitcoin (BTC) will never cost less than $10,000 again after August this year — according to a price indicator gaining popularity among investors.In a tweet on June 2, Timothy Peterson of asset manager Cane Island Alternative Advisors drew attention to a watershed moment for the largest cryptocurrency.Lowest Price
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Crypto analyst PlanB released a key indicator for its stock-to-flow price prediction model which could signal a Bitcoin bull run to $100,000 by 2021 has just begun.PlanB confirmed on Twitter on May 31 that the red dot — indicating a price increase — was now present in its stock-to-flow (S2F)
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After plunging last week, the Bitcoin market has mounted a hefty recovery over the past week. The leading crypto asset traded as high as $9,700 on Saturday evening — just a few percentage points shy of the monthly high.Ethereum has fared even better, with the asset pushing 10% higher within
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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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