Cryptocurrency Analysis and News Portal
Bitcoin’s consolidation phase seen throughout all of May and June is showing few signs of letting up anytime soon and has caused the cryptocurrency’s volatility levels to hit multi-year lows.Although there aren’t many overt technical catalysts for volatility in the near-term, there may be a few events that could help to
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Ethereum started a downside correction from the $248-$250 resistance zone against the US Dollar. ETH could extend its decline, but it must stay above $230 for hopes of a fresh increase.Ethereum is correcting lower and trading near the $235 support zone.The price is now trading below the $242 pivot level
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Bitcoin has remained caught firmly within the throes of its long-held consolidation phase in the lower-$9,000 region.It is now expressing some signs of weakness due to its inability to surmount the slight resistance that sits around $9,300, but it remains unclear as to whether or not sellers are strong enough
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Bitcoin is slowly moving higher and it recently tested $9,300 against the US Dollar. BTC is now trading well above the 100 hourly SMA, and it is likely to surge above $9,300.Bitcoin is showing a few positive signs above the $9,200 and $9,150 levels.The price revisited the $9,300 resistance and
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In 2018, Ethereum rallied as high as ~$1,430 on the back of an influx of demand caused by the then-ongoing initial coin offering (ICO) boom.ICOs had to raise money, and ICOs often raised money so through ETH — a widely-adopted, well-known, and easily-accessible cryptocurrency. Hence, the demand for Ethereum spiked
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Bitcoin is currently correcting higher from the $9,300 support against the US Dollar. BTC price must clear the $9,740 and $9,800 resistance levels to continue higher in the near term.Bitcoin is currently showing a few positive signs above the $9,500 and $9,600 levels.The price is likely to gain bullish momentum
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New housing starts have hit a five-year low, while mortgage rates reached another record low last week. These two factors could lead to a reduction in the housing supply, which in turn will push up prices. As with the financial crisis of 2007-8, the downturn will likely have a
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Bitcoin failed to recover above the $9,500 resistance and declined sharply against the US Dollar. BTC price is now trading below key supports, suggesting more downsides towards $8,200 or $8,000.Bitcoin is down more than 4% and it is now trading well below the $9,000 level.The price traded as low as
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Just two months ago, Bitcoin was trading at $3,700. Amid a liquidation event in traditional finance and growing fears of a recession and a pandemic, global markets were tanking, crypto included.But just eight weeks and a block reward halving later, BTC just recently traded at $10,000 — just over 170%
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Ethereum is slowly rising and it recently broke the $192 resistance against the US Dollar. ETH price must gain bullish momentum above $205 to start a strong rally towards $220 or $230.Ethereum is moving into a positive zone, with a close above the $192 resistance.The price is still struggling to
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