A volatile start to the week suggests that $7.4K will be key in what happens next to Bitcoin price and the wider cryptocurrency market. Bitcoin (BTC) closed the week slightly above $7,500 up 1.56% ($115), which marks the first positive week since the close of the first week of August. Today Bitcoin touched a high…
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Bitcoin price could drop by 64% from here despite the May 2020 halving based on a historic indicator that suggests BTC may be in the middle of a bear cycle. As the Bitcoin price (BTC) begins to slowly ascend, the question on everyone’s minds is whether the latest bottom is in, or whether there is…
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Bitcoin’s tightening trading range and low volume convinced veteran trader Scott Melker to focus on altcoins which have been producing double-digit gains for the past 3 weeks. Since publishing the last trading journal two weeks ago, I have made a number of altcoin trades but not a single Bitcoin (BTC) trade other than closing my…
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Bitcoin price needs to break above $8.2K to spark a new bull market while altcoins continue to rally higher due to the low volatility in BTC price. While Bitcoin (BTC) is in a range between $6,800-$8,200, some altcoins have shown impressive movements during the past week. Some examples are MATIC (+83%) and RVN (+46%). These…
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Crypto markets have continued to rebound after a sharp sell-off on Dec. 4, with Bitcoin briefly reclaiming $7,500. Friday, Dec. 6 — crypto markets have continued to rebound after a sharp sell-off on Dec. 4, with Bitcoin (BTC) briefly reclaiming $7,500. The bullish momentum is observed across all the top 20 cryptocurrencies by market capitalization,…
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Bitcoin bulls have their sights set on $8.2K as BTC price action shows hidden signs of reversing but the bearish descending trendline remains a serious obstacle to overcome. This week Bitcoin (BTC) continued to trade within a tightly defined range and at the time of writing the price is flat. The bulls and bears have…
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After retracing the Dec.4 10% rally to $7,800, Bitcoin bulls are now attempting to push the price above $7,500 for another shot at $8K. On Dec. 4, Bitcoin (BTC) unexpectedly rallied hard from $7,080 and over the next 5 hours the digital asset had moved 9.92% to trade for $7,788. The strong surge briefly broke…
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Crypto markets continue to trade sideways, with Bitcoin struggling to recover from its intraday low of below $7,200. Thursday, Dec. 5 — cryptocurrency markets have continued to trade sideways, with 18 of the top 20 coins by market cap seeing notable losses at press time. After Bitcoin (BTC) attempted another recovery yesterday to break above…
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A quieter 24 hours gets analysts considering a narrower trading corridor for the short term, with $6,900 a likely lower boundary if current levels fail to hold. Bitcoin (BTC) stayed rangebound on Dec. 2 after a descent from near $8,000 over the weekend failed to crack the $7,000 support. Cryptocurrency market daily overview. Source: Coin360…
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Bears could push Bitcoin price to its 200-week moving average below $5,000 before a mid-term reversal occurs. As part of its current mid-term downtrend, Bitcoin (BTC) could be headed toward its 200-week moving average (MA), a level that has been a major historical bottom. Since hitting its 2019 high of approximately $13,890, Bitcoin has seen…
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