Cryptocurrency Analysis and News Portal
Bitcoin price is declining and approaching the next bearish target of $6,500 against the US Dollar.The price is down close to 10% and it seems like the bears are targeting $6,500 or $6,400.There is a new connecting bearish trend line forming with resistance near $7,010 on the hourly chart of
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Ripple price is down close to 10% and it even traded close to the $0.2000 support against the US dollar.The price is currently correcting higher, but it is likely to struggle near $0.2180 and $0.2250.There is a key bearish trend line forming with resistance near $0.2250 on the hourly chart
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Bitcoin (BTC) price took a seemingly unexpected turn over the last week as the digital asset shed nearly $2,000 over the past 5 days. Last Sunday Bitcoin looked strong with a peak at $8,727 but by Friday the price found a floor at $6,776. With a drop of 22% within
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The Commodity Futures Trading Commission on Friday released its latest Commitment of Traders report for the Chicago Mercantile Exchange. Futures are derivative products typically aimed at institutional investors looking to get exposure in cryptocurrency. Published weekly, the COT highlights which way traders are positioned in the market. Here is the latest report: The
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Bitcoin (BTC) is not seeing capitulation among miners despite its price dipping over 15% in the past week, new data suggests.According to estimates of Bitcoin’s hash rate from monitoring resource Coin Dance, participation remains as strong now as before the price drop. Hash rate refers to the amount of
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ETH price is down more than $30 in the past few days against the US Dollar.The price even spiked below $150 and it is currently correcting higher.There is a major breakout pattern forming with resistance near $152 on the 4-hours chart of ETH/USD (data feed via Kraken).The pair is struggling
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Bitcoin is now in a downtrend after Friday’s technical reversal.Analyst Peter Brandt believes that a cleansing is in order before bitcoin can start a new bull market.He says investors who refuse to be shaken out by the stomach-churning purge could reap ridiculous profits in the future.The world’s dominant cryptocurrency appears
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Bitcoin (BTC) could spend months trading at $5,500 before it recovers, one of the best-known analysts in the industry has warned. In a tweet on Nov. 21, Peter Brandt revealed his target for Bitcoin price was a floor of $5,500. Negative pressure had engulfed markets on the day, sending BTC/USD
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Canaan Creative, computer hardware manufacturer specialized in crypto mining hardware, priced its Nasdaq initial public offering (IPO) at the lowest of its marketed range, and was able to raise $90 million.On Wednesday, the developer of Bitcoin(BTC)trade mining machines based in Hangzhou, China, crossed the 10 million mark in sales of
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The bitcoin price is putting the crypto community to the test.Bitcoin fundamentals, however, remain solid.Altcoins are down in sympathy.It’s not easy being a crypto investor these days. China is sending mixed messages, the bitcoin price is in the doldrums, and there is major FUD being spread around the industry that
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