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28/07/20 01:00 by Cole Petersen
Why Bitcoin is “Building Up Steam” for a Push Higher Despite Slowing Momentum
Bitcoin’s intense uptrend seen throughout the past couple of days has allowed it to navigate towards its crucial high time frame resistance region that sits at $10,500.
The crypto came incredibly cl... Read More
27/07/20 00:00 by Cole Petersen
Here’s What Analysts are Saying About Bitcoin as Critical Weekly Close Nears
The crypto market’s ongoing uptrend first started a few weeks ago when altcoins began posting major gains. Their strength came about against a backdrop of stability seen by both Bitcoin and Ethereum... Read More
25/07/20 20:00 by Cole Petersen
Here’s the Level Bitcoin Needs to Break to See a “Textbook Swing” to $10,500
Bitcoin’s price action in the time following its break above its multi-week trading range between $9,100 and $9,300 has been quite positive.
The cryptocurrency is now starting to stabilize around $9... Read More
24/07/20 01:00 by Cole Petersen
These 3 Factors Suggest Bitcoin’s Uptrend is Just Getting Started
Bitcoin saw a notable upswing yesterday that allowed it to put some serious distance between its current price and its recent low.
The benchmark cryptocurrency is starting to show signs of breaking it... Read More
21/07/20 18:00 by Cole Petersen
Bitcoin is Breaking Out of a Multi-Month Technical Pattern; Factors to Consider
After falling into one of the narrowest prolonged trading ranges it has ever seen, Bitcoin has finally incurred some volatility.
Throughout the past week, the cryptocurrency has been trading between $... Read More
20/07/20 05:00 by Nick Chong
Peter Schiff Doubles Down on Sentiment That Bitcoin Is a “Pyramid Scheme”
Despite a decade-long track record and growing adoption as a medium of exchange and store of value, Bitcoin is still seen as a pyramid scheme by some.
One such individual that still sees the leading c... Read More
20/07/20 03:00 by Cole Petersen
It’s “Open Air” for Bitcoin Down to $7,000 as Technical Weakness Mounts
Bitcoin has been flashing some signs of technical weakness as it hovers above the lower boundary of its long-held trading range between $9,000 and $10,000.
Its inability to stabilize above the support... Read More
16/07/20 01:00 by Cole Petersen
This Chart Shows Ethereum Is Gearing Up for a Major Breakout Rally
Ethereum has been trading in close tandem with Bitcoin throughout the past several days and weeks, and this correlation isn’t showing any signs of breaking.
It now appears that buyers may be lay... Read More
13/07/20 03:00 by Cole Petersen
Institutional Traders Remain Bearish on Bitcoin; Factors to Consider
Bitcoin’s lackluster trading over the past ten weeks is showing no signs of concluding anytime soon.
Although the cryptocurrency has been able to see some volatility within its long-held trading ran... Read More
09/07/20 23:00 by Cole Petersen
Bitcoin Hits “Do or Die” Support Following Rejection at $9,500
After expressing some signs of strength throughout the early part of the week, Bitcoin has now faced a grim rejection that sent its price reeling down to a crucial support level.
Following an extended... Read More
06/07/20 19:30 by Cole Petersen
Ethereum‘s “Monthly Pivot” Could Signal That a Major Rally is Brewing
Ethereum has flashed some significant signs of strength after posting an intense recovery yesterday.
The cryptocurrency is now back within the boundaries of its multi-month trading range, and buyers a... Read More
01/07/20 18:00 by Cole Petersen
Bitcoin Flirts with Posting a Bull Cross as Crucial Resistance Nears
Bitcoin’s recent price action has done little to offer investors with insight into the cryptocurrency’s current trend, as it has been stuck between $9,000 and $10,000 for an extended period.
There... Read More
29/06/20 12:00 by Nick Chong
There’s Over $10M Preventing Bitcoin From Breaking Past $9,500
Bitcoin has made an attempt at recovering the losses it incurred late last week. On Sunday, the cryptocurrency rallied as high as $9,200 as buyers stepped in and shorts were squeezed.
Yet order book d... Read More
29/06/20 02:00 by Nick Chong
Last Time This Technical Sign Flashed, Bitcoin Dumped 60%. It’s Nearly Back
After a more than 150% rally from March’s lows, Bitcoin’s upward momentum has petered out over recent weeks. For nearly two months, the cryptocurrency has been caught in a tight range betw... Read More
21/06/20 04:00 by Cole Petersen
Bitcoin’s On-Chain Demand Degrades as Consolidation Range Persists
Bitcoin has seen waning demand over the past several days, with the cryptocurrency slowly inching lower as it continues trading firmly within its long-held consolidation channel.
Overnight, the crypto... Read More
18/06/20 03:00 by Cole Petersen
Bitcoin Could Teleport Straight to $8,000; Here’s What Traders are Saying
Bitcoin’s consolidation phase has shown no signs of letting up anytime soon, as it has been hovering around $9,400 ever since it was able to rebound from its recent lows of $8,900.
It is important t... Read More
15/06/20 23:00 by Cole Petersen
Here’s Why Some Traders Remain Long on Bitcoin Despite Ongoing Plunge
Bitcoin bore witness to an intense overnight decline that led it down to the sub-$9,000 region for a short while.
This dip was quickly absorbed by an intense influx of buying pressure that helped send... Read More
08/06/20 23:00 by Cole Petersen
Bitcoin’s Monthly Candle Flips Bullish as Macro Outlook Grows Brighter
Bitcoin has seen some mixed price action throughout the past couple of days, declining to lows of $9,400 yesterday before garnering some intense upwards momentum that allowed it to recapture its posit... Read More
07/06/20 18:00 by Cole Petersen
Critical Bitcoin Weekly Close Approaches as Analysts Foresee Turbulence
Bitcoin has flashed some signs of weakness over the past few hours as it begins trending downwards.
This decline has led it to a key support level, which comes as its critical daily and weekly candle ... Read More
05/06/20 23:00 by Cole Petersen
Bitcoin Investors are Getting Greedy Again, and It’s a Bad Thing for BTC
Bitcoin has seen some lackluster price action in recent times, struggling to garner any decisive momentum in either direction as both buyers and sellers reach an impasse.
The cryptocurrency does appea... Read More
04/06/20 22:48 by Ponvang Bulus
As Bitcoin Nears $10k, Whales Look to be Loading Up for Another ‘Pump and Dump’
About an hour ago, a bitcoin whale bought $20 million worth of BTC on OKEx. This is one of the largest single buy transactions recorded in 2020. The same buyer has reportedly been acquiring Bitcoin l... Read More
04/06/20 19:00 by Tony Spilotro
Surprising Positive Earnings Growth in Asia May Spark New Appetite For Bitcoin
UBS analysts expect Asia to be the only region that sees positive growth this year, and the return to strong earnings in the region could spark a renewed appetite for risk, and potentially, Bitcoin.
U... Read More
30/05/20 23:00 by Cole Petersen
Bitcoin’s Rise has Not Been Supported by Growing Volume; What This Means
Bitcoin has seen a notable price rise over the past week, bouncing from its recent lows of $8,800 that were set during its latest downtrend.
The subsequent uptrend allowed the cryptocurrency to rally ... Read More
28/05/20 22:00 by Cole Petersen
Here’s the Path Forward for Ethereum to Set Fresh Yearly Highs
Ethereum has been pushing higher throughout the past day alongside Bitcoin and most other major altcoins.
This climb has come about after an extended period of sideways trading within the lower-$200 r... Read More
27/05/20 03:00 by Cole Petersen
Here’s Why Bitcoin Could See a Bloodbath Decline to the $5,000 Region
Bitcoin has once again found itself caught within a bout of sideways trading as it struggles to garner any momentum as it hovers around the $8,800 region.
This is around the price point at which it ha... Read More
24/05/20 22:30 by Cole Petersen
Traders Believe Ethereum is About to Make a Massive Move; Will It Favor Longs?
Ethereum has continued trading above $200 despite facing a massive influx of selling pressure earlier this morning that jeopardized its position above this key support level.
It now appears that ETH i... Read More
21/05/20 22:00 by Tony Spilotro
Bitcoin Rally Driven By Eager Chinese Buyers, Key Data Shows
New data based on the delta between Chinese buyers and derivatives markets in Bitcoin markets suggests that much of the recent rally has been driven by crypto investors in China.
But why are Chinese b... Read More
17/05/20 01:00 by Cole Petersen
Ethereum Could Rally to $290 if it Holds This One Crucial Level
Ethereum could be well positioned to see some notable upside in the days and weeks ahead, despite its overt signs of weakness caused by its recent decline to the sub-$200 region.
Analysts are now noti... Read More
09/05/20 01:00 by Cole Petersen
Bitcoin Poised for a Parabolic Push to $20,000 as Elusive Buy Signal Emerges
As Bitcoin begins consolidating around the $10,000 region, it now appears that the cryptocurrency is in the process of gearing up to make another massive push higher, potentially moving to set fresh y... Read More
06/05/20 03:00 by Cole Petersen
These Network Indicators Show that Bitcoin has Serious Strength
Bitcoin is once again in the process of peeking above the $9,000 level. The resistance that has been established at just above this price point has proven to be rather significant, as BTC has faced mu... Read More