Cryptocurrency Analysis and News Portal
Bitcoin plunged by 18.79 percent after closing above $10,000 late Friday.The cryptocurrency found a short-term support area above $8,000, prompting traders to predict a $10,000-top retest.But a conflicting technical indicator sees bitcoin continuing its bearish correction.The “Bitcoin Halving” euphoria helped the cryptocurrency rise from its mid-March low of $3,858 to
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The Tom Demark (TD) Sequential indicator has proven to be essential in determining Bitcoin’s price action. This technical index was able to predict the most significant exhaustion’s points on BTC’s 1-day chart over the last three months.In mid-February, for instance, when the flagship cryptocurrency rose to a yearly high of
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A bullish technical indicator in the bitcoin market flashed for the first time since December 2019.The tool studies the behavior of bitcoin producers – the miners – to identify potential price tops and bottoms.It now indicates that bitcoin price has bottomed out near $3,800 in March 2020.A black swan event
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Bitcoin could move higher in the medium-term as one of its key technical indicators turns bullish for the first time since February.Dubbed as Golden Cross, the bullish breakout pattern forms when an asset’s short-term moving average closes above its long-term moving average. Bitcoin on Tuesday painted the same pattern on
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A textbook technical scenario brewing inside the bitcoin market could send its prices above $14,000.Crypto analysts highlighted earlier this week the potential formation of an Inverse Head and Shoulder (IHS) pattern. Investopedia defines it counter, which is called Head and Shoulder Pattern, as a “reliable” indicator in predicting an asset’s
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Bitcoin is correcting losses from the $8,400 region against the US Dollar. It seems like BTC price is likely to extend its recovery above the $9,000 in the coming sessions. Bitcoin is up more than 2% and it recovered above the $8,800 resistance against the US Dollar. The price is now testing
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Larry Kudlow is the top economist in Trump’s White House. He says don’t mind crashing bond yields, or this week’s fearful stock market. Kudlow says these are just “mood swings” while the economy’s fundamentals remain strong. But he’s cherry-picking fundamentals. Other analysts point to the fundamentals Kudlow is ignoring.
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Bitcoin's lackluster recovery from price support around $9,400 is struggling to gather upside traction amid bearish developments on the short-term technical charts. The top cryptocurrency by market value fell by 5.5 percent on Wednesday to register its biggest single-day drop in three months. Sellers, however, failed to keep prices below the widely
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The moment all crypto investors have been waiting for may finally be upon us: Bitcoin is about to enter a new bull market.And while market participants have been saying it for some time now, this indicator first developed in the 1930s and still popular today points to Bitcoin’s new uptrend
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Ethereum was trading in a positive area this Wednesday after rising about 5 percent on a 24-hour adjusted timeframe.The second-largest cryptocurrency settled a new intraday high at circa $286, becoming one of the top-performing assets in the wake of a market-wide upside recovery. At its lowest, Ethereum was trading at
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