Cryptocurrency Analysis and News Portal
This week as equities markets plummeted across the globe, Bitcoin (BTC) price also faced a sharp correction. Over the past week Bitcoin price has dropped $1,500 and currently trades at $8,454, a new four week low. Since the start of the year Bitcoin and most major altcoins showed an impressive
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‘Not Out of the Woods Just Yet’ Caution Experts with COVID-19 Source: StockCharts BTCUSD Pricing February 20, 2020 The recent momentum driving BTC prices in 2020 seems to have slowed somewhat over the past several trading sessions. This is indicated by successive red candlesticks reflecting a downturn in Bitcoin demand. 2020 heralded
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The crypto space can be highly volatile for traders, and over the years, Bitcoin (BTC) has proven to be among the more volatile cryptocurrencies. Over the past few days, the world’s biggest cryptocurrency by market cap had managed to make a comeback of sorts, but the volatility returned once again
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Bitcoin has found some notable stability above $10,000 following yesterday’s massive rally that allowed BTC to surmount the resistance it was facing between $9,600 and $10,000. Its recent bounce does suggest that bulls have some significant strength. The course of its recent uptrend has also allowed the cryptocurrency to build some
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Oil is central to the growth of the global economy and maintenance of political stability. But for an industry that plays such an important role in both shaping and maintaining the world around us, its business model is quickly becoming outdated. As the industry struggles to adapt to the
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Over the past years, the altcoins market has grown at a breathtaking pace, and during this period, Bitcoin Cash (BCH) has emerged as one of the more popular ones. This week, BCH emerged as one of the biggest gainers in the crypto space and gained as much as 16% in
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Bitcoin’s price action of the last 24 hours is telling a tale of buyer exhaustion and hinting at a more major price pullback ahead. The top cryptocurrency by market value jumped to three-month highs above $9,600 during Monday’s Asian trading hours, extending January's 30 percent gain. However, the breakout above the
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View Bitcoin continues to lose altitude and risks falling to crucial support near $7,555.A UTC close below that level would invalidate an inverse head-and-shoulders breakout confirmed on Jan. 6. However, the pullback was based on low volumes and could be reversed. A move above $8,000 would imply an
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Ripple price is slowly rising and it is now trading above $0.1950 against the US dollar.The price seems to be lacking bullish momentum above the $0.1980 and $0.2000.There is a key bullish trend line forming with support near $0.1950 on the hourly chart of the XRP/USD pair (data source from
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When we observe the chart below we can see that Ripple (XRP)trade is trading at $0.1983. It has recently broken the the support level of $0.2053 and then another support level at $0.1981.The digital currency is in a clear downtrend and is seen to have found some base at $0.1916,
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