Cryptocurrency Analysis and News Portal
At the start of June, Bitcoin suddenly surged towards and past $10,000. The cryptocurrency rallied so far and so fast that $123 million worth of short positions on BitMEX were liquidated within an hour.Investors were understandably bullish. One Wall Street veteran shared a chart expressing his sentiment. It showed that
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Bitcoin started a major decline after it broke the $9,500 support against the US Dollar. BTC is now trading below $9,000 and it remains at a risk of more losses below $8,800.Bitcoin is gaining bearish momentum below the $9,500 and $9,200 support levels.The price traded as low as $8,813 and
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Ethereum is trading in a positive zone above $240 and $242 against the US Dollar. ETH is likely to climb above the $250 resistance, which might start a strong uptrend.Ethereum is rising and it remained well bid above the $240 support level.The price is now approaching the main $250 resistance
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Bitcoin is trading nicely in a strong uptrend above $9,300 on the daily chart against the US Dollar. BTC is currently facing a crucial barrier at $10,000, above which it could rally significantly.Bitcoin climbed to a new 2-month high at $10,390 before starting a consolidation phase.The price seems to be
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The infamous $10,000 resistance level has proven to be a significant obstacle for Bitcoin to overcome. From a technical perspective, this barrier is part of a descending trendline that can be drawn from each major peak since the December 2017 all-time high of nearly $20,000.These include the late June 2019
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[sociallocker id="55298"] The price of Bitcoin (BTC) has risen by 170% in the last three months from $3,600 to $9,700. Despite this immense 3 month recovery, a series of fundamental factors point to the possibility of another uptrend in the near-term.Three reasons Bitcoin is likely to see an upsurge are
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Bitcoin’s halving was accompanied by high levels of volatility as many prominent analysts within the industry expected. The flagship cryptocurrency took a 20% nosedive over the weekend that saw its price drop below $8,000. Then, it quickly rebounded and it is now consolidating around the $8,800 level.The Effects of the
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The Bitcoin (BTC) network transfer fee has risen significantly over the past few days indicating an uptick in activity as the block reward halving draws closer. Meanwhile, other on-chain metrics like hash rate are also setting new highs, completely recovering from the declines experienced after Black Thursday. Bitcoin Transfer Fee Climbs
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The price action over the past few days has undoubtedly been positive for Bitcoin. Case in point: the cryptocurrency ripped over 20% higher from the mid-$7,000s to a price as high as $9,500 over the course of 48 hours.Prices have since consolidated at $8,800, with BTC finding itself stuck between
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Ethereum surged to a new monthly high at $227 before correcting lower against the US Dollar. ETH price is now testing the $205 support zone and it is likely to start a fresh rally.Ethereum started a downside correction after a strong rally above $220.The price is currently trading above the
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