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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisThe liquidation of PlusToken assets could drop the BTCOnly BTC survives – CNBCOn W1, the Bitcoin dynamics are even inside the current descending channel. The quotations are aiming at the long-term minimum of $3121.90. The resistance is at $8500.00.On the MACD and
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Bitcoin surged by over 10 percent on Wednesday – the biggest single-day gain since Oct. 25, according to CoinDesk’s Bitcoin Price Index. Notably, prices had slumped to seven-month lows below $6,500 around lunchtime (UTC), but the breakdown was quickly undone and the cryptocurrency was trading above $7,400 before midnight.The rebound from
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A key metric is hovering at record highs, suggesting investors are likely holding bitcoins even when deep in the red. The number of unspent transaction outputs (UTXOs) in loss rose to all-time highs above $45 million on Dec. 17, representing a 578 percent rise from the July 1 figure of $6.69
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American blockchain and software development firm Orchid Labs has launched its privacy network alongside its native token OXT.According to a blog post on Dec. 16, Orchid’s digital currency OXT was immediately available for trading on major United States-based cryptocurrency exchange Coinbase Pro.According to an announcement, OXT will be available
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ViewBitcoin has found acceptance under the three-day chart's 200-period average for the first time in seven months. The breakdown may attract stronger selling pressure, yielding a slide below the November low of $6,500.A minor bounce to $6,800 may be seen before a deeper slide, with the intraday charts reporting oversold
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Canaan’s top-priced model, according to its website, is the “February batch” of the AvalonMiner A1166-68T machine for $1,978, providing 68 terahashes per second at an efficiency of 47 joules per terahash. In this case, a higher efficiency rating is worse, because it indicates more power usage and thus a higher
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Searches on Google for the term “Bitcoin Halving” are much more common than they were four years ago. This has led one cryptocurrency analyst to conclude that the top will be much higher than those seen during previous bull markets.Although Google search volume is up for the term this time
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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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Bitcoin (BTC) fell further below $7,000 on Dec. 17 after a loss of support the previous day caused bears to strengthen their grip on the market.Cryptocurrency market daily overview. Source: Coin360“Energy value oscillator” gives hope to BTC bullsData from Coin360 and CryptoX Markets showed BTC/USD fluctuating around $6,900 on
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