Here Are the Levels to Watch After Bitcoin Plunged $1,500
Earlier this week, Bitcoin surmounted $12,000 as global markets surged as the U.S. dollar saw a notable collapse.
Read MoreEarlier this week, Bitcoin surmounted $12,000 as global markets surged as the U.S. dollar saw a notable collapse.
Read MoreBitcoin has collapsed under $9,000 for the umpteenth time in the past few weeks.Minutes ago, the leading cryptocurrency slipped under $9,000 for the second time in the past week. As of the time of this article’s writing, BTC trades for $8,960, having bounced $50 or so from the daily lows.Bitcoin
Read MoreTo many, determining which direction Bitcoin trends from here is a coin toss. One trader shared the image below with the caption: “You guys still trading this garbage? I’m not doing anything until one of these lines gets hit.”That’s to say, the analyst isn’t taking a trading position in Bitcoin
Read MoreAt a macro level, the Bitcoin price bottomed every time the premium of Grayscale Bitcoin Trust (GBTC) fell substantially to a local low. After showing a 30 percent premium in March, GBTC markups fell steeply.Historical Bitcoin data shows a steep decline in GBTC premium led to extended ralles (Source: Bitcoin
Read MoreOver the past ten minutes, Bitcoin has performed extremely poorly, falling from $6,700 to a price as low as $6,265 in an over 6% sell-off, per data from TradingView. As a result, at least $20 million worth of long positions on BitMEX were liquidated, while millions more probably bit the
Read MoreInfluenced by COVID-19, the Bitcoin price plunged by $5,000 within 2 weeks. As it dropped from $9,000 to $3,800, it created the worst daily decline in 7 years. While the market liquidated almost all the longs positions, it triggered a chain reaction that the market had panic emotions surrounded, and
Read MoreThe Dow Jones Industrial Average (DJIA) looked set to rebound from yesterday’s devastating crash. But after rallying nearly 200 points, the index lurched back into decline. Here’s why the stock market suddenly plunged back into crash mode. After yesterday’s 1,000 point Dow Jones Industrial Average (DJIA) rout, stock market
Read MoreBitcoin climbed higher nicely above $9,800, but it failed near $10,000 against the US Dollar. BTC price is currently declining, but it is likely to find support near $9,640 and $9,500.Bitcoin price failed again to gain strength above the $10,000 resistance area against the US Dollar.It is down more than
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