Cryptocurrency Analysis and News Portal
Bitcoin started a downside correction from the $7,447 monthly high against the US Dollar. BTC price tested the key $7,000-$7,100 demand zone and recently revered losses.Bitcoin failed to extend gains above $7,500 and corrected lower against the US Dollar.The bulls protected the $7,000 support area, resulting in a fresh increase.There
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The short-term trend of the Bitcoin (BTC) price since its drop to $3700 shows an Elliot Wave pattern forming on lower time frames. While the pattern can reverse to a bullish trend, the declining volume of BTC suggests it is not likely.The Bitcoin price has been ranging in between
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Bitcoin prices plunged sharply over the first three months of the year as concerns about the global coronavirus pandemic and its impact on the economy grew.The benchmark cryptocurrency closed the year’s first quarter at a 10.53 percent loss, trading at circa $6,424 on Coinbase as the marked headed into April
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Online purchases using Bitcoin (BTC), Visa, and some retail apps are down for the first quarter of 2020, spanning cryptocurrency and fiat currency transactions.With many around the world self-quarantining or otherwise recommended to stay inside to prevent the spread of COVID-19, one might assume there would be an increase
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Recent volatility in the price of Bitcoin (BTC) “did not come” from those holding coins for several years or longer, research claims.In findings published on March 17, Unchained Capital revealed that BTC which had been “parked” for an extended period did not begin moving as a result of price
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Yesterday was undoubtedly one of Bitcoin’s worst days ever; in fact, yesterday’s 40% loss was only second to the BTC price collapse in the wake of the collapse of Mt. Gox, then the largest and most important crypto exchange. At the drop’s worst, the cryptocurrency was down 50% in a
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Bitcoin (BTC) closed the week at $8,024, a shocking 9.92% loss and a new weekly low not seen since January 13 when the asset traded for $7,946. The abrupt correction took place as DOW, S&P 500 and oil futures plummeted as investor fears over the economic impact of the
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Dow Jones Industrial Average (DJIA) futures fell 500 points overnight. Coronavirus cases spike higher again in Wuhan – the epicenter of the outbreak – dashing some hopes of containment. California declares a state of emergency after reporting first COVID-19 fatality. The Dow Jones soared to its second-largest points gain
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Ripple’s native token XRP triggered a bullish crossover signal on Wednesday that many traders perceived as an opportunity to score short-term gains.The chart pattern, known as Golden Cross, typically appears when a short-term moving average jumps above the longer-term moving average. Many technical analysts use the crossover as a sign
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The bitcoin price plunged by around eight percent overnight against the USD in one of the strongest long squeezes in recent months.The pullback stopped right at 200-day exponential moving average (EMA), and the dominant cryptocurrency has started to show signs of recovery.Bitcoin is recovering at a key levelThe 200-day EMA
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