Cryptocurrency Analysis and News Portal
Over the past few days, Bitcoin has struggled to cross $10,000. Just yesterday, the cryptocurrency was rejected from the key resistance for the second time in a week, plunging to $9,200 just hours after it failed to break into five digits.But analysts are becoming convinced that Bitcoin is poised to
Read More
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
Read More
Global markets had a historical day on Monday, as the price of oil dropped below zero and closed the day at -$36 per barrel of crude. The oil crash below zero has never happened in anyone’s lifetime and economists worldwide are uncertain about the future of the world’s financial system
Read More
Over the past few days, Bitcoin has sustained a heavy drop. Despite a slight recovery to $6,850 as of the time of this article’s writing, the cryptocurrency remains a tad over 8% below the multi-week high of $7,470, established early last week.Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs,
Read More
Bitcoin has been fairly unpredictable over the past few months.In December, when the cryptocurrency fell under $7,000, a majority of analysts were expecting a retracement to the $5,000s, citing the existence of the ever-important 200-week moving average. And at the top near $10,000 established in mid-February, half of Crypto Twitter
Read More
Over the past few days, Bitcoin saw some bullish price action for the first time in weeks. This rally took the asset as high as $6,900, up 80% from the $3,800 bottom seen last week and up 28% from the $5,400 baseline. Unfortunately, it ended abruptly just hours ago, with
Read More
A statistician who accurately predicted that bitcoin will flash dump amidst a global economic crisis now hopes for a significant price rebound.Willy Woo, an on-chain analyst who in 2018 forecasted that investors would unwind their leveraged bitcoin positions to seek safety in the US dollar, says the cryptocurrency is looking
Read More
Analysts in the Bitcoin market are dime a dozen, but good analysts are hard to come by. One of these “good” analysts is PenarthUdi — a pseudonymous TradingView user who few know nothing about, other than the fact that his calls have been amongst some of the most accurate in
Read More
Bitcoin’s and Ethereum’s strong surge to kick off 2020 has caught many traders aback. Case in point: each leg higher in the price of BTC during January and February was marked by dozens of millions of dollars worth of short liquidations on margin trading platforms like BitMEX.While the majority seem
Read More
Bitcoin may have dropped hugely after setting a yearly high near $10,500, but the small bump has not deterred it from pursuing a significant bull run towards $26,000.That is possible, according to Mayer Multiple (MM) – a popular metric that assists traders in identifying speculative bubbles and bearish exhaustion in
Read More