State of the market In this week, Bitcoin kept trending south, making lower highs on the chart. $56k held as support (see the blue line). But $60k could not break so far. Breaking $60k would be clearly a bullish signal. However, we are not there (yet). Thus, the market is a bit boring right now. …
This week we see bearish pressures mount against Bitcoin price dropping the digital currency giant to below April ATH and with even more probability of sharp short-term pullbacks. Bitcoin registered two consecutive ATH latest being in the region of $69,000 on the 10th of November. The landscape changed afterward, with the crypto assets plummeting downwards. …
Read moreOver $100 Billion Market Cap Lost In the Past 24 Hours, Will The Bears Prevail?
Following a sudden crash to the $56k region this week, Bitcoin has regained over $4k in the last 24 hours with ETH also painting a new ATH at $4,400. BTC is still in the corrective phase while ETH seems to garner all the attention and out-performing BTC in the short term. Despite the short-term weakness, …
Read moreFollowing A Flash Price Crash, Bitcoin Reclaims The $60k Levels As Trend Remains Bullish
The third week of Q4 sees Bitcoin finally breaking ATH and now officially going for fresh price discovery. This is a result of positive developments from the first-ever SEC-approved futures-backed Bitcoin ETF. Even though Bitcoin has charted a new ATH, It is still an early bullish signal, and not enough to fully confirm the breakout. As …
Read more$64k ATH Shattered; Early Bullish Signals But Bitcoin Price Breakout Not Yet Confirmed
Bitcoin has maintained an impressive price rally over the past couple of days, currently aims at a potential new ATH in the coming days. With near-term technicals being slightly cautious, Bitcoin maintains a bullish trend. After 6 months of hiatus, Bitcoin is on the verge of hitting $60k levels. Hours after good reports of the …
Read moreInches Towards A New ATH: Reports Of Bitcoin Futures ETF Approval Helps Price Surge
Bitcoin marked its highest price climb since mid-May this week with a number of altcoins following suit. Approximately a week ago, Bitcoin struggled below $45k price but impressive gains adding up to 35% in value, this week sees Bitcoin reaching for new ATH. Q4 started on a good note when Bitcoin broke above a descending …
Read moreBitcoin Bulls Finally Zero-Out The Bears, Aims For New ATH
‘Uptober’ Bitcoin shoots despite being in the $41k-$43k region the entire trading week. An abrupt upside sees a fall of the resistance level and price explode to $47k for the first time since mid-September. Fed Chair Jerome Powell reassuring that the US has no plan to ban cryptocurrencies has help the entire crypto market to …
Read moreFinal Quarter of 2021 Looking Promising As Bitcoin Pokes $48k
Last week was dominated by fear and uncertainty in the crypto market, as Bitcoin took a major dip, dropping to as low as $39,600 and breaching the $40k support levels. Though Bitcoin quickly bounced and is trading at over $42k at the time of putting this article together, the crypto market has been left in …
Read moreBitcoin Making A Recovery Despite Activities In China Intensifying FUD. Is 50k Level Next?
A recent price surge of the digital currency giant led to the formation of the Golden Cross a phenomenon known to historically trigger the price surge of Bitcoin. As investors are anticipating a reoccurrence of Bitcoin price increase, could the Golden Cross propel yet another bull-run? The Golden Cross, a phenomenon known to have historically …
Read moreThe Stage Is Set For Another Bull-Run As Golden Cross Takes Place, $50k Retest Loading?
Having failed to breach $47,000, Bitcoin went through a rollercoaster this week following a price slump from over a 4-months high of around $52K on the day El Salvador official made Bitcoin a legal tender in the country. Though BTC recovered several thousand, it has failed to breach $47k since then. BTC lost over $10k …
Having made an inter-day push above the 50k critical level yesterday, Bitcoin is finally seen to be making a fresh attempt to go above the 50k price mark, a feat the crypto giant achieved on the 23rd August but became choppy ever since until today. While some investors remain doubtful if Bitcoin will maintain or …
Read moreBitcoin Overcomes $50k Price; Is The 60k Psychological Levels Next?
A week of euphoria for crypto traders and Bitcoin enthusiasts turned to one of mixed feelings after Bitcoin bulls attempt to go beyond $50k for the first time in over 3 months was met with rejection. With short-term technicals turning bearish, traders are left wondering if this is a healthy correction. Bitcoin lost over $3k …
Read moreLatest Bitcoin Correction: A Bear Surge or Just Another Healthy Correction
BTC/USD price bounces off a key moving average, prompting altcoin prices to soar. Bitcoin has shown significant signs of strength this week and might just hit $50k this week. BTC has printed a more bullish pulse this week, picking up patterns similar to April’s ATH. Will the improved momentum mid-time frame chart signal a full-scale …
Bitcoin Bulls have been having a great go in the past few days as its latest upward trend sees Bitcoin taps a three months high this week. Amid regulation controversies from the US government on taxation, the Bulls are shining but bearish divergence is seen to have formed, and short-term correction looms. Having backtested the …
The start of the week did not go all well for the cryptocurrency powerhouse as Bitcoin dropped from $40k it attained the previous week. Having attained two months high of $42k, Bitcoin dropped to a week’s low of $37,271k on Thursday. With a BTC rally reclaiming the $40k mark, the Crypto market cap has grown …
Read moreCrypto Market Sees A $100 Billion Boost In Market Cap As Bitcoin Surges Past $40,000
Having broken a descending wedge pattern, Bitcoin surged up to an impressive 22% increase this week. The crypto giant reached its highest since June 15 this week. With a good surge in price, no doubt the bear was attacked but the bear sentiment remains strong prompting pro-traders to maintain an overall cautious outlook. After enduring …
Read morePro Traders Tread The Cautious Path As Bitcoin Rally Scatters Bearish Sentiment
Cryptocurrency giant Bitcoin is seen to make moves towards a strong bear territory. As bear market lingers, traders are promoted to slam-down bullish arguments. Will Bitcoin test even lower price levels in the coming weeks? As Bitcoin appears to be in a strongly bearish territory, investors will be making more sell moves to buy later …
The flagship cryptocurrency, Bitcoin, continues to struggle this week as the asset dropped to a 19-day low of just over $31,000. Altcoins suffer a downtrend as well, with ETH below $2,000, DOGE dumping beneath $0.20, and some losing a substantial amount of value. The past week has shown more bearish than bullish signs. BTC fellby …
Read moreBitcoin Once Again At The Most Critical Level In The Short-Term
Having lost 6% of its value in the last 48 hours, Bitcoin is currently trading at around $32,900 region. The fall in value was as a result of decreasing amounts of trading volume. Over the past weeks, the Bulls have appeared weaker having put its buying power into support yet still failing to produce any …
Read moreBitcoin May Be Ready For A Show Of Robustness, But Which Direction Will It Break
Bitcoin closed its worst trading quarter in three years with a 41% decline. As bitcoin continues with its price slumps we see the primary cryptocurrency retrace to a little over $33,000 this week. Having attained a 12-day high of $36,400 Bitcoin has experienced an over $2,000 wipe in gains in the past 48hours. The impact …
Read moreBitcoin Tipped To Enjoy A Positive Turn Around In The Third Quarter of 2021