Cryptocurrency Analysis and News Portal
Bitcoin appears to be in a somewhat precarious position, as a few technical factors are currently suggesting that it may soon see some notable near-term downside. One such technical factor suggesting that the crypto is poised to see notable near-term downside can be seen while looking towards a fractal pattern it
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Given the rate at which Grayscale usually buys Bitcoin, it seems like the cryptocurrency fund management company was trying to buy every single Bitcoin in existence. But this pattern ground to a halt more than three weeks ago and hasn’t picked up again since. Grayscale Bitcoin Trust Fund (GBTC) would typically
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It may seem like a cliche at this point but Bitcoin’s volatility levels are extremely low. This is a byproduct of BTC’s price action over the past few weeks, which has been deemed “boring” by most traders.With volatility continuing to decline, though, analysts are coming to the conclusion that a
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As repeated time and time again by analysts, Bitcoin is currently in no man’s land. The cryptocurrency remains above the $8,500 support while below the resistance region at $10,000-10,500.Price has responded in kind, flatlining in the low-$9,000s as neither bulls and bears have managed to establish a trend. Yet a
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This week digital currency enthusiasts have been discussing network fees, specifically transaction fees associated with the Bitcoin and Ethereum blockchains. Last Sunday on June 21, one Ethereum proponent noted that during the last 16 days, Ethereum users have paid more to leverage the network than Bitcoin users.Digital currencies like
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Bitcoin’s recent consolidation has thrown most investors for a loop: the majority aren’t too sure what comes next for the cryptocurrency market.Some, though, have made progress in discussing the recent price action. One analyst observed that stepping back and looking at BTC’s medium-term price action, the past three months look
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It has been found out that the behavior of Bitcoin now is quite similar to what happened in 2013. If the situation repeats, BTC price may reach new highs just in a few weeks.A similar situation to what happened in 2013, when Bitcoin price hit its maximum of that period
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Dow futures surged as much as 650 points on Friday morning after a blowout jobs report left Wall Street stunned. The U.S. economy added 2.5 million jobs in May. It’s just the latest evidence that the stock market rally is sustainable, but contrarian traders say there is something
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Bitcoin has mounted a strong recovery since the lows seen last week. The leading cryptocurrency traded as high as $9,750 on Saturday, over 13% higher than last weekend’s lows. Even still, there remain textbook technical indicators suggesting there is a “high chance” BTC sees a correction in the coming weeks. According
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A crucial housing market statistic has surged 54% in six weeks after bottoming out in early April. Mortgage applications for home purchases, a proxy for homebuyer demand, have achieved a V-shaped recovery. Economists say the strength in the housing market could help support the broader economy. The U.S. economy
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