Bitcoin: USD/BTC (BTC=X) recent flop has led to another depreciation in its value

Bitcoin: USD/BTC (BTC=X) recent flop has led to another depreciation in its value

Bitcoin: USD/BTC (BTC=X) recent flop has led to another depreciation in its value Bitcoin is facing another catastrophic fall, according to cryptocurrency experts, which could result in it exponentially rising once again. The internet based currency has been extremely turbulent, spiking and plummeting as people regularly gain and lose confidence. As such, Bitcoin’s value remains […]

Bitcoin: USD/BTC (BTC=X) Continued Risk of Weakness

Bitcoin: USD/BTC (BTC=X) Continued Risk of Weakness

Bitcoin: USD/BTC (BTC=X) Continued Risk of Weakness Yesterday, there was a significant downward move below the $3,650 support level in bitcoin price against the US Dollar. The BTC/USD pair even traded below the $3,560 support level and the 100 hourly simple moving average. It spiked below the $3,500 support and a low was formed near the $3,465 […]

Bitcoin: USD/BTC (BTC=X) failed to maintain its recently established position in the $3,700 region

Bitcoin: USD/BTC (BTC=X) failed to maintain its recently established position in the $3,700 region

Bitcoin: USD/BTC (BTC=X) failed to maintain its recently established position in the $3,700 region Yesterday, Bitcoin surged to highs of over $3,750, which appeared to many analysts to be an important price level that would lead to a further surge into the low-$4,000 range. Despite this, BTC’s bulls were not able to muster up enough buying pressure […]

Bitcoin: USD/BTC (BTC=X) Bulls Could Push Bitcoin to $5,000 if Support Continues to Hold

Bitcoin: USD/BTC (BTC=X) Bulls Could Push Bitcoin to $5,000 if Support Continues to Hold

Bitcoin: USD/BTC (BTC=X) Bulls Could Push Bitcoin to $5,000 if Support Continues to Hold In the long-term, analysts have expressed that Bitcoin is likely caught in a relatively large trading range between $3,000 and $5,000. Within this, BTC’s recent price action signals that it is likely caught in a much tighter trading range between $3,550 […]

Bitcoin: USD/BTC (BTC=X) At Risk of Sharp Decline

Bitcoin: USD/BTC (BTC=X) At Risk of Sharp Decline

Bitcoin: USD/BTC (BTC=X) At Risk of Sharp Decline Recently, there was a decent support formed near $3,550 in bitcoin price against the US Dollar. The BTC/USD pair started a short term recovery and moved above the $3,600 and $3,620 resistance levels. There was also a break above the 50% Fib retracement level of the last side from […]

Bitcoin: USD/BTC (BTC=X) bullish beginning to the year appears to have bottomed-out

Bitcoin: USD/BTC (BTC=X) bullish beginning to the year appears to have bottomed-out

Bitcoin: USD/BTC (BTC=X) bullish beginning to the year appears to have bottomed-out Bitcoin’s bullish beginning to the year appears to have bottomed-out, with early gains starting to slump. So how realistic are reports the volatile cryptocurrency could commence a new bull cycle? Bitcoin’s (BTC) fortunes fluctuated during the last 12 months, with its value dropping from […]

Bitcoin: USD/BTC (BTC=X) Sees New 2019 Lows

Bitcoin: USD/BTC (BTC=X) Sees New 2019 Lows

Bitcoin: USD/BTC (BTC=X) Sees New 2019 Lows Bitcoin (BTC) has hit a new 2019 low, trading at $3,552 around press time as other major cryptocurrencies are facing moderate losses. Bitcoin has lost another 2 percent in 24 hours, with its price barely reaching $3,600. Although some reports predicted major market movements due to the recent activation of long-dormant Bitcoin wallets, […]

Bitcoin: USD/BTC (BTC=X) short term breakout pattern forming with resistance near $3,650

Bitcoin: USD/BTC (BTC=X) short term breakout pattern forming with resistance near $3,650

Bitcoin: USD/BTC (BTC=X) short term breakout pattern forming with resistance near $3,650 This past week, bitcoin price started a major downward move from the $4,037 swing high against the US Dollar. The BTC/USD pair declined heavily and broke the $4,000, $3,800, $3,725 and $3,650 support levels. The decline was nasty as there was a close below the […]

Bitcoin: USD/BTC (BTC=X) Sentiment Turns Negative

Bitcoin: USD/BTC (BTC=X) Sentiment Turns Negative

Bitcoin: USD/BTC (BTC=X) Sentiment Turns Negative Bitcoin lost more than 10% today, following many digital currencies lower after market research showed a decline in investor sentiment. The price of bitcoin had fallen to as little as $3,570.29 at the time of report, down roughly 10.6% in the last 24 hours and 11.2% from the start of the day, […]

Bitcoin: USD/BTC (BTC=X) $4,000 acts as its new cushion

Bitcoin: USD/BTC (BTC=X) $4,000 acts as its new cushion

Bitcoin: USD/BTC (BTC=X) $4,000 acts as its new cushion The cryptocurrency market’s roller-coaster ride in 2019 has been ongoing with several coins seeing ups and down on the price charts. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and XRP witnessed stagnated price holds in a scenario where Ethereum overtook XRP to become the second-largest cryptocurrency. […]

Bitcoin: USD/BTC (BTC=X) Increasingly Bullish Sentiment

Bitcoin: USD/BTC (BTC=X) Increasingly Bullish Sentiment

Bitcoin: USD/BTC (BTC=X) Increasingly Bullish Sentiment Although many investors and analysts alike were disappointed that Bitcoin and the overall cryptocurrency markets did not end 2018 on a high note, the markets may be seeing increasingly bullish sentiment from traders and investors alike, according to new data. If Bitcoin’s price does begin climbing as this data […]

Bitcoin: USD/BTC (BTC=X) could enjoy additional gains after breaking through $4,000

Bitcoin: USD/BTC (BTC=X) could enjoy additional gains after breaking through $4,000

Bitcoin: USD/BTC (BTC=X) could enjoy additional gains after breaking through $4,000 Bitcoin could enjoy additional gains after breaking through $4,000, according to sentiment data and technical analysis. The cryptocurrency reached as much as $4,063.95 around 12:30 EST on Sunday, January 6, according to CoinDesk bitcoin price data. Since then, bitcoin prices have largely fluctuated between $3,950 and $4,050, additional […]

Bitcoin: USD/BTC (BTC=X) Still Uncertain

Bitcoin: USD/BTC (BTC=X) Still Uncertain

Bitcoin: USD/BTC (BTC=X) Still Uncertain With a $7 billion increase in the combined value of cryptocurrencies, the market has initiated a decent short-term price movement. But, as a cryptocurrency trader with an online alias “The Crypto Dog” said, the valuation of cryptocurrencies would have to break out of major resistance levels in the range of […]

Bitcoin: USD/BTC (BTC=X) 2019 Back to $10,000

Bitcoin: USD/BTC (BTC=X) 2019 Back to $10,000

Bitcoin: USD/BTC (BTC=X) 2019 Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 10,895.69. The projected lower bound is: -302.02. The projected closing price is: 3,796.84. Candlesticks A black body occurred (because prices closed lower than they opened). During the past […]

Bitcoin: USD/BTC (BTC=X) price struggled to gain traction above the $3,840

Bitcoin: USD/BTC (BTC=X) price struggled to gain traction above the $3,840

Bitcoin: USD/BTC (BTC=X) price struggled to gain traction above the $3,840 There was an increase in selling pressure on bitcoin price after it failed to clear the $3,850 level against the US Dollar. The BTC/USD pair started a downside move and broke the $3,800 and $3,700 support levels. It even broke the $3,600 level and […]

Bitcoin: USD/BTC (BTC=X) fresh upward move above the $3,900 and $4,000

Bitcoin: USD/BTC (BTC=X) fresh upward move above the $3,900 and $4,000

Bitcoin: USD/BTC (BTC=X) fresh upward move above the $3,900 and $4,000 Yesterday, we saw a major downside correction in bitcoin price below the $4,000 support against the US Dollar. The BTC/USD pair even declined below the $3,800 support before buyers appeared near the $3,680 level. A low was formed at $3,684 and later the price started a […]

Bitcoin: USD/BTC (BTC=X) many miners are still finding it difficult to remain profitable

Bitcoin: USD/BTC (BTC=X) many miners are still finding it difficult to remain profitable

Bitcoin: USD/BTC (BTC=X) many miners are still finding it difficult to remain profitable Bitcoin’s mining difficulty has dropped more than 7 percent over the past 24 hours as the fallout of the prolonged market rout continues. Despite a recent recovery that has taken bitcoin above $4,000, many miners are still finding it difficult to remain […]

Bitcoin: USD/BTC (BTC=X) Continues Squeeze to $4500

Bitcoin: USD/BTC (BTC=X) Continues Squeeze to $4500

Bitcoin: USD/BTC (BTC=X) Continues Squeeze to $4500 Bitcoin (BTC/USD) continues its path to higher highs as crypto bulls show no signs of exhaustion. Less than 48 hours ago BTCUSD was still trading at $3250. In what seems like no time at all bitcoin is back to its old ways again slicing through $3750 resistance, currently trading $4000, a +25.81% increase since its previous lows last […]

Bitcoin: USD/BTC (BTC=X) fresh round of gains across major cryptocurrencies

Bitcoin: USD/BTC (BTC=X) fresh round of gains across major cryptocurrencies

Bitcoin: USD/BTC (BTC=X) fresh round of gains across major cryptocurrencies Bitcoin (BTC) saw a sudden surge Dec. 18 to regain support at $3,500, sparking a fresh round of gains across major cryptocurrencies. BTC/USD hovered around $3,516, up 2.5 percent and capping gains of $260 in the past 24 hours. The same date in 2017 marked the second […]

Pro-Money ‘Ankles’ Bitcoin (BTC) Market

Pro-Money ‘Ankles’ Bitcoin (BTC) Market

 $BTCUSD , $CME, $CBOE The year long digital-asset slump is scaring off institutional money, according to JPMorgan Chase & Co., suggesting a taste for the cryptocurrency markets is fading way. “Participation by financial institutions in Bitcoin trading appears to be fading,” JPM analysts wrote in a research note dated 14 December. “Key flow metrics have downshifted […]

Bitcoin: USD/BTC (BTC=X) major trend remains down

Bitcoin: USD/BTC (BTC=X) major trend remains down

Bitcoin: USD/BTC (BTC=X) major trend remains down Bitcoin is trying to pull back from the $3,500–$3,000 support zone. In this leg of the down move that started on Nov. 14, the pullbacks have not lasted more than three days. Hence, we remain cautious. The downtrend line and the 20-day EMA are both placed at the same […]

Bitcoin: USD/BTC (BTC=X) forming a short term base near $3,120

Bitcoin: USD/BTC (BTC=X) forming a short term base near $3,120

Bitcoin: USD/BTC (BTC=X) forming a short term base near $3,120 This past week, bitcoin price remained in a slow and steady downtrend from the $3,640 high against the US Dollar. The BTC/USD pair traded lower and broke the $3,400 and $3,320 support levels. The decline gained pace and the price traded to a new yearly low at […]

Bitcoin: USD/BTC (BTC=X) downtrend extends stronger and dips further below every day as the prices collapse

Bitcoin: USD/BTC (BTC=X) downtrend extends stronger and dips further below every day as the prices collapse

Bitcoin: USD/BTC (BTC=X) downtrend extends stronger and dips further below every day as the prices collapse Uptrend for Bitcoin seems like a distant memory, but the downtrend extends stronger and dips further below every day as the prices collapse. The downtrend currently extends from $5,518 to $3,440. The prices for Bitcoin are holding above the support […]

Bitcoin: USD/BTC (BTC=X) preparing for a breakout?

Bitcoin: USD/BTC (BTC=X) preparing for a breakout?

Bitcoin: USD/BTC (BTC=X) preparing for a breakout? The bitcoin price on Wednesday jumped as high as 4.65 percent from its opening price and established an intraday high at $3,488. The BTC/USD rate is now trading at 3440-fiat on the Coinbase exchange, coupled with a notable rise in daily volatility. The pair on December 7 established its yearly low at […]

Bitcoin: USD/BTC (BTC=X) bear continues its rule

Bitcoin: USD/BTC (BTC=X) bear continues its rule

Bitcoin: USD/BTC (BTC=X) bear continues its rule The current cryptocurrency market has seen something of a roller coaster, with some coins seeing bullish gains while others are still crumbling under the bear’s pressure. Popular cryptocurrencies like Bitcoin [BTC], XRP and Ethereum [ETH] have been seeing surprising gains, with the bear still looming large. Bitcoin’s one-day […]

Bitcoin (BTC) Short Bets Spike

Bitcoin (BTC) Short Bets Spike

Bitcoin (BTC) Short Bets Spike $BTCUSD The pessimistic sentiment around Bitcoin (BTC) prices saw the number of shorts spike to a 6-week high Thursday. Bitcoin is on track to post its biggest annual price drop on record. That would change only if prices rise above $5,959. The symmetrical triangle breakdown favors a drop to $3,474. […]

Bitcoin (BTC) Bounces Off of Lows

Bitcoin (BTC) Bounces Off of Lows

Bitcoin (BTC) Bounces Off of Lows $BTCUSD The bounce off of 1-week lows seen Tuesday may have helped bitcoin (BTC) avert a bigger sell-off. The leading cryptocurrency by market cap established a Bearish lower-high pattern at $4,400 last week and closed well below $4,000 Monday, confirming an end of the corrective bounce. As a result, BTC […]

Bitcoin: USD/BTC (BTC=X) down 80% since last December

Bitcoin: USD/BTC (BTC=X) down 80% since last December

Bitcoin: USD/BTC (BTC=X) down 80% since last December Fundamentals are extremely bullish and with regulators amending/formulating new laws, it’s clear that Bitcoin is here to stay. That could explain the increasing level of use, institutional interest and more funds for infrastructure development. Thing is, poor policies can cause irreparable damage for an economy. Unfortunately, then […]

Bitcoin (BTC) Falls 8%,14-Month Lows In Sight Again

Bitcoin (BTC) Falls 8%,14-Month Lows In Sight Again

Bitcoin (BTC) Falls 8%,14-Month Lows In Sight Again $BTCUSD The major cryptocurrencies traded lower Monday, unable to capitalize on last week’s rebound off multi-month lows. Bitcoin (BTCUSD, the world’s largest cryptocurrency, has fallen as much as 8% and is nearing last week’s multi-month low around $3,500. On the Kraken cryptocurrency exchange, a Bitcoin was fetching $3,822.50, […]

Bitcoin: USD/BTC (BTC=X) optimistic market expecting entry of institutional grade investors

Bitcoin: USD/BTC (BTC=X) optimistic market expecting entry of institutional grade investors

Bitcoin: USD/BTC (BTC=X) optimistic market expecting entry of institutional grade investors Technically, BTC/USD is bearish but with increasing adoption and an optimistic market expecting entry of institutional grade investors thanks to Fidelity Custodial Services, launch of NASDAQ Bitcoin Futures and a likely approval of Bitcoin ETF by the SEC, digital asset investors are set to […]

Bitcoin’s (BTC) Price Dove 36% in November

Bitcoin’s (BTC) Price Dove 36% in November

Bitcoin’s (BTC) Price Dove 36% in November $BTCUSD Overview The Bitcoin market is likely showing signs of capitulation. A break below the neckline support at $4,120 has neutralized the immediate Bullish outlook put forward by the double bottom breakout Thursday. A move below $3,771 invalidates the Bullish setup on the daily and allow re-test of the recent […]

Bitcoin: USD/BTC (BTC=X) Could Rally To $6,000 by Dec

Bitcoin: USD/BTC (BTC=X) Could Rally To $6,000 by Dec

Bitcoin: USD/BTC (BTC=X) Could Rally To $6,000 by Dec After weeks–and even months– of lower lows that have seen Bitcoin drop from $20,000 to just over $3,500, hints are beginning to emerge of a possible recovery. So far, BTC/USD is down five percent in the last week—revealing  the much needed correction as it was down 20 percent […]

Bitcoin (BTC) +15% Driving Market Value of Cryptocurrencies Due North

Bitcoin (BTC) +15% Driving Market Value of Cryptocurrencies Due North

Bitcoin (BTC) +15% Driving Market Value of Cryptocurrencies Due North $BTCUSD, $ETHUSD Wednesday, all digital currency prices spike due North, with most major coins/token recording double-digital gainers. Bitcoin, BTCUSD, the world’s #1 digital currency, was trading at $4,370.30, up 15% since Tuesday at 5:00p. ET on the Kraken exchange and on track for its best day in […]

Bitcoin: USD/BTC (BTC=X) struggled to break the $4,120 resistance

Bitcoin: USD/BTC (BTC=X) struggled to break the $4,120 resistance

Bitcoin: USD/BTC (BTC=X) struggled to break the $4,120 resistance Yesterday, we saw a short term upside move above $3,600 and $3,800 in bitcoin price against the US Dollar. The BTC/USD pair traded above the $4,000 barrier as well, but it failed to hold gains. The price was rejected near the $4,100 barrier and the 100 […]

Bitcoin (BTC) Gets Positive Signal From NYSE’s Chairman

Bitcoin (BTC) Gets Positive Signal From NYSE’s Chairman

Bitcoin (BTC) Gets Positive Signal From NYSE’s Chairman $BTCUSD, $ICE The correction is the market had been healthy Bitcoin has seen a deep dive in price over the 11 months, but the CEO of one of the world’s biggest exchange operators is not deterred from entering the cryptocurrency space. Jeffrey Sprecher, CEO of IntercontinentalExchange (NYSE:ICE) […]

Bitcoin: USD/BTC (BTC=X) remains in a downtrend as long as it is below $4,500

Bitcoin: USD/BTC (BTC=X) remains in a downtrend as long as it is below $4,500

Bitcoin: USD/BTC (BTC=X) remains in a downtrend as long as it is below $4,500 There were continuous declines in bitcoin price from the $5,700 swing high against the US Dollar. BTC/USD declined steadily and broke many supports, including $4,800, $4,400, $4,020 and $3,860. A new yearly low was formed at $3,651 and later the price […]

Bitcoin (BTC) Price Dives 12%, Sentiment Sours 

Bitcoin (BTC) Price Dives 12%, Sentiment Sours 

Bitcoin (BTC) Price Dives 12%, Sentiment Sours $BTCUSD Monday, Bitcoin (BTC) plunged more than 12%, extending declines in recent weeks in a broad-based selloff in digital currencies as sentiment sours. Several factors have accelerated the downturn, analysts said, including increased US regulatory scrutiny and a delay to January 2019 of the widely-anticipated launch of Bitcoin […]

Bitcoin: USD/BTC (BTC=X) fell significantly and traded below $4,000

Bitcoin: USD/BTC (BTC=X) fell significantly and traded below $4,000

Bitcoin: USD/BTC (BTC=X) fell significantly and traded below $4,000 This past week, there was a tiny upside correction above the $4,300 level in bitcoin price against the US Dollar. However, the BTC/USD pair failed to gain traction above the $4,400 and $4,500 resistances. As a result, there was a sharp downside move and the price […]

Bitcoin (BTC) Bull’s Touting Collapse as a Buying Opportunity

Bitcoin (BTC) Bull’s Touting Collapse as a Buying Opportunity

Bitcoin (BTC) Bull’s Touting Collapse as a Buying Opportunity $BTCUSD,$GLD Saturday, Bitcoin (BTC), the world’s largest digital currency, crashed through the $4,000 pyche mark, falling as much as 15% and hitting a fresh 14-month low below $3,500. Saturday’s decline marked the 12th losing session in the past 14 and had Bitcoin BTCUSD, -0.35%  on track for its 3rd […]

Bitcoin (BTC) More Southside Action Ahead

Bitcoin (BTC) More Southside Action Ahead

Bitcoin (BTC) More Southside Action Ahead $BTCUSD After the pause at Thanksgiving, the crypto currency selloff has resumed with all major coins and alt coins trading lower Friday and on track to log their 3rd consecutive weekly declineer. Bitcoin, BTCUSD, +1.41%  the world’s largest cryptocurrency, was last changing hands at $4,259.80, down 3.8% since 5 p.m. Eastern Time […]

Bitcoin: USD/BTC (BTC=X) bear trend resumes

Bitcoin: USD/BTC (BTC=X) bear trend resumes

Bitcoin: USD/BTC (BTC=X) bear trend resumes Though there was a bit of stability yesterday, the decline would continue. First we expect BTC/USD to pull back ideally towards the $5,000–$5,500 before bear trend resumes. As we have seen, price drops are affecting chip-set manufacturers, investors and crypto payment processors as enthusiast refrain from spending BTC. That […]

Bitcoin: USD/BTC (BTC=X) New Yearly Low at $4,280

Bitcoin: USD/BTC (BTC=X) New Yearly Low at $4,280

Bitcoin: USD/BTC (BTC=X) New Yearly Low at $4,280 Over the past 24 hours, the price of Bitcoin fell from $4,900 to $4,280, by more than 12.5 percent amidst an unforeseen short-term price drop. On November 19, a cryptocurrency trader and analyst known as The Crypto Dog stated that $4,800, despite being down from 6,300, is not a […]

Bitcoin: USD/BTC (BTC=X) remains at a risk of more declines

Bitcoin: USD/BTC (BTC=X) remains at a risk of more declines

Bitcoin: USD/BTC (BTC=X) remains at a risk of more declines After a major drop towards the $5,550 level, bitcoin price started consolidating losses against the US Dollar. BTC/USD corrected a few points above the $5,650 level, but it failed to gain bullish momentum. An initial resistance is the 23.6% Fib retracement level of the last […]

Bitcoin (BTC) Dives Below $5,000

Bitcoin (BTC) Dives Below $5,000

Bitcoin (BTC) Dives Below $5,000 $BTCUSD The fall in cryptocurrencies has accelerated, with Bitcoin piercing the $5,000 mark for the 1st time since October 2017 on speculation that increased regulatory scrutiny will prompt issuers of ICOs to liquidate holdings. Bitcoin declined as much as 9.1% to $4,958, falling for an 8th day running in what […]

Bitcoin: USD/BTC (BTC=X) likely to face sellers near $5,615 or $5,815

Bitcoin: USD/BTC (BTC=X) likely to face sellers near $5,615 or $5,815

Bitcoin: USD/BTC (BTC=X) likely to face sellers near $5,615 or $5,815 Yesterday, we discussed a possible sell scenario below $6,350 in bitcoin price against the US Dollar. The BTC/USD pair broke down and nosedived below a few important supports such as $6,150, $6,000 and $5,650. The decline was such that the price traded below $5,400 […]

Bitcoin (BTC) Falls, Bringing Down the Entire Cryptocurrency Market

Bitcoin (BTC) Falls, Bringing Down the Entire Cryptocurrency Market

Bitcoin (BTC) Falls, Bringing Down the Entire Cryptocurrency Market $BTCUSD For months, the price of Bitcoin has been hanging around the mid-6,000’s mark.  But now, the most popular cryptocurrency has plummeted by 12% over the last day, hitting a value just above 5,500. The total market capitalization for Bitcoin now stands at $96-B, the 1st […]

Bitcoin: USD/BTC (BTC=X) bulls might see bounce-back

Bitcoin: USD/BTC (BTC=X) bulls might see bounce-back

Bitcoin: USD/BTC (BTC=X) bulls might see bounce-back Bitcoin [BTC] has recently seen a drop, breaking the resistance at the $6,220-mark to provide an extremely bearish outlook. However, traders might see an opportunity for a retracement as the coin is yet to recover to its previous support levels. There is no visible uptrend, as the price […]

Bitcoin: USD/BTC (BTC=X) struggling to break the $6,460

Bitcoin: USD/BTC (BTC=X) struggling to break the $6,460

Bitcoin: USD/BTC (BTC=X) struggling to break the $6,460 Recently, we discussed that bitcoin price turned short term bearish below the $6,510 support against the US Dollar. BTC/USD extended its decline below the $6,460 support and traded towards the $6,350 level. Buyers pushed the price above the 23.6% Fib retracement level of the last downside leg […]

Bitcoin (BTC) Price Looks Like a  Further Fall into Bear Market Territory

Bitcoin (BTC) Price Looks Like a  Further Fall into Bear Market Territory

Bitcoin (BTC) Price Looks Like a  Further Fall into Bear Market Territory $BTCUSD Bitcoin’s (BTC) reversal of the recent uptrend in prices is gathering pace and a drop deeper into Bear Territory below $6,200 is now a possibility, technical charts indicate. The leading cryptocurrency found acceptance below the lower edge of the rising channel Thursday, invalidating the […]

Bitcoin: USD/BTC (BTC=X) likely to bounce back as long as it is above $6,440

Bitcoin: USD/BTC (BTC=X) likely to bounce back as long as it is above $6,440

Bitcoin: USD/BTC (BTC=X) likely to bounce back as long as it is above $6,440 Yesterday, we saw a nice upward move above the $6,500 resistance in bitcoin price against the US Dollar. The BTC/USD pair traded as high as $6,553 and settled above the 100 hourly simple moving average. Later, the price started a downside […]

Bitcoin (BTC) Seeing its Worst Session in 10

Bitcoin (BTC) Seeing its Worst Session in 10

Bitcoin (BTC) Seeing its Worst Session in 10 $BTCUSD, $CME, $CBOE Altcoins are showing signs of life, says 1 technical analyst *Did you know that mining Bitcoins is 3X more expensive than mining Gold? Major digital currency prices traded lower Thursday in New York, giving up the majority of Wednesday’s advance. Bitcoin, BTCUSD, -0.22%  the most famous an […]

Bitcoin: USD/BTC (BTC=X) major bullish trend line in place

Bitcoin: USD/BTC (BTC=X) major bullish trend line in place

Bitcoin: USD/BTC (BTC=X) major bullish trend line in place Yesterday, bitcoin price started a downside correction after trading as high as $6,472 against the US Dollar. The BTC/USD pair declined below the $6,440 and $6,420 support levels. It also broke the 50% Fib retracement level of the last leg from the $6,319 low to $6,472 […]

Bitcoin’s Volatility Lowest in Nearly 2 Years

Bitcoin’s Volatility Lowest in Nearly 2 Years

Bitcoin’s Volatility Lowest in Nearly 2 Years $BTCUSD  Bitcoin (BTC) is experiencing 1 of its worst annual price performances of its 10-year-old life, perhaps becoming more stable in the process. Volatility of the largest cryptocurrency has fallen to its lowest for nearly 2 years, with price swings falling lower than increasingly edgy US stocks for […]

Bitcoin: USD/BTC (BTC=X) resistance is broken

Bitcoin: USD/BTC (BTC=X) resistance is broken

Bitcoin: USD/BTC (BTC=X) resistance is broken Bitcoin [BTC] saw a short rally yesterday, driven by a 20% hike in the value of its direct competitor, Bitcoin Cash [BCH]. This has led to fresh capital entering the market, pushing the trading volume of Bitcoin to the highest since mid-September. A long-term downtrend is seen from May, […]

Bitcoin: USD/BTC (BTC=X) indication of a bottoming crypto market

Bitcoin: USD/BTC (BTC=X) indication of a bottoming crypto market

Bitcoin: USD/BTC (BTC=X) indication of a bottoming crypto market The recovery of the BTC/USD is an indication of a bottoming crypto market. Considering the +75 percent drop this year, odds are we may see a recovery this quarter. Aside from technical factors, the simmering trade war between the US and China could trigger capital flights […]

Bitcoin: USD/BTC (BTC=X) Downside Vulnerability

Bitcoin: USD/BTC (BTC=X) Downside Vulnerability

Bitcoin: USD/BTC (BTC=X) Downside Vulnerability The BTC/USD index since the rebound is targeting the descending trendline forming in the near-term scenario while keeping the 100 and 200-hour moving average curves in sight as the potential upside targets. The momentum indicator RSI has recovered as expected and is now trending inside a neutral sentiment area. The […]

Bitcoin: USD/BTC (BTC=X) Looks Set to Extend More Losses

Bitcoin: USD/BTC (BTC=X) Looks Set to Extend More Losses

Bitcoin: USD/BTC (BTC=X) Looks Set to Extend More Losses After a long struggle to clear the $6,480 and $6,490 resistance levels, there was a downside move in bitcoin price. BTC/USD started declining and broke the $6,390 and $6,360 support levels to move into a bearish zone. The 4-hours chart of BTC/USD indicates that the price […]

Bitcoin: USD/BTC (BTC=X) multiple support breaks detected

Bitcoin: USD/BTC (BTC=X) multiple support breaks detected

Bitcoin: USD/BTC (BTC=X) multiple support breaks detected I wrote yesterday that technical picture here was now considerably more bearish, with the price selling from new lower resistance which has formed at $6,289 and there was a case for seeing the long-term bearish trend reassert itself. I sae reversals in either direction at any key levels […]

Bitcoin: USD/BTC (BTC=X) crucial contracting triangle formed

Bitcoin: USD/BTC (BTC=X) crucial contracting triangle formed

Bitcoin: USD/BTC (BTC=X) crucial contracting triangle formed During the past three sessions, there were mostly range moves above the $6,385 support in bitcoin price against the US Dollar. The BTC/USD pair formed a decent support near the $6,385 level, but it struggled to gain traction above the $6,420 and $6,430 levels. The last swing low […]

Bitcoin: USD/BTC (BTC=X) Bounce upwards may cause price momentum

Bitcoin: USD/BTC (BTC=X) Bounce upwards may cause price momentum

Bitcoin: USD/BTC (BTC=X) Bounce upwards may cause price momentum Bitcoin [BTC] recently saw a recovery in its price, moving upwards within its tightly defined trading range. The movement upwards may increase the momentum of the price and bring back swing traders, who have left the market due to claustrophobic trading ranges. A downtrend is seen […]

Bitcoin: USD/BTC (BTC=X) forming a double bottom pattern near the $6,350

Bitcoin: USD/BTC (BTC=X) forming a double bottom pattern near the $6,350

Bitcoin: USD/BTC (BTC=X) forming a double bottom pattern near the $6,350 Yesterday, there was a downside reaction from the $6,460 level in bitcoin price against the US Dollar. The BTC/USD pair fell below the $6,400 and $6,410 support levels. There was also a close below the $6,400 support and the 100 hourly simple moving average. […]

Bitcoin: USD/BTC (BTC=X) break above two bearish trend lines formed with resistance at $6,410

Bitcoin: USD/BTC (BTC=X) break above two bearish trend lines formed with resistance at $6,410

Bitcoin: USD/BTC (BTC=X) break above two bearish trend lines formed with resistance at $6,410 There was a downside extension below the $6,400 and $6,390 levels in bitcoin price against the US Dollar. The BTC/USD pair declined towards the $6,350 support area and formed a low at $6,357. Later, the price bounced back sharply and broke […]

Bitcoin: USD/BTC (BTC=X) low volume and low volatility

Bitcoin: USD/BTC (BTC=X) low volume and low volatility

Bitcoin: USD/BTC (BTC=X) low volume and low volatility The pair on 4H Coinbase chart is losing its bullish steam. It is trending below its 100H and 200H simple moving averages, while RSI, the momentum indicator, is also dipping into the selling area. The Stochastic Oscillator, meanwhile, is close to entering the oversold region, awaiting a […]

Bitcoin: USD/BTC (BTC=X) suggest a state of equilibrium between the buyers and the sellers

Bitcoin: USD/BTC (BTC=X) suggest a state of equilibrium between the buyers and the sellers

Bitcoin: USD/BTC (BTC=X) suggest a state of equilibrium between the buyers and the sellers Bitcoin dipped below the moving averages on Oct. 19, but the bears could not capitalize on the fall, as the price climbed back up the next day. The 20-day EMA is flat while the 50-day SMA is gradually sloping down. The RSI […]

Bitcoin: USD/BTC (BTC=X) new yearly low volume

Bitcoin: USD/BTC (BTC=X) new yearly low volume

Bitcoin: USD/BTC (BTC=X) new yearly low volume Over the past 24 hours, Bitcoin has achieved a new yearly low volume, demonstrating a lack of momentum and strength to recover to the higher region of $6,000. Generally, technical analysts have stated that the low trading activity in the cryptocurrency exchange market can be attributed to the […]

Bitcoin: USD/BTC (BTC=X) ascending trend line

Bitcoin: USD/BTC (BTC=X) ascending trend line

Bitcoin: USD/BTC (BTC=X) ascending trend line Bolstered by stable trading volume, growing network activity, and increasing validation on Wall Street, the bitcoin price could be on the brink of a major move to the upside. Concurrently, daily cryptocurrency trading volumes, which steadily declined throughout most of the year, appear to have flatlined near $10 billion […]

Bitcoin: USD/BTC (BTC=X) could decline a few points towards $6,400

Bitcoin: USD/BTC (BTC=X) could decline a few points towards $6,400

Bitcoin: USD/BTC (BTC=X) could decline a few points towards $6,400 During the past few sessions, there was hardly any action above $6,500 in bitcoin price against the US Dollar. The BTC/USD pair consolidated below the $6,500 and $6,520 resistance levels. Earlier, a low was formed at $6,349 before the price corrected higher. It traded above the $6,460 […]

Bitcoin: USD/BTC (BTC=X) could dip towards the $6,340 or $6,320

Bitcoin: USD/BTC (BTC=X) could dip towards the $6,340 or $6,320

Bitcoin: USD/BTC (BTC=X) could dip towards the $6,340 or $6,320 Yesterday, we saw a sharp upward move above the $6,700 level in bitcoin price against the US Dollar. The BTC/USD pair traded above the $6,800 level and topped at $6,829. Later, there was a major downside move and the price reversed most gains below $6,500. […]

Bitcoin: USD/BTC (BTC=X) still within the descending triangle

Bitcoin: USD/BTC (BTC=X) still within the descending triangle

Bitcoin: USD/BTC (BTC=X) still within the descending triangle Today’s session advances while the Bitcoin price reports an increase of 3.50% in the last 24 hours. Bitcoin rises above $ 6400 at the time of writing this analysis increasing with a high purchase volume. With this move Bitcoin moves away from the support in the $ […]

Bitcoin: USD/BTC (BTC=X) likely to face a strong selling interest near the $6,380

Bitcoin: USD/BTC (BTC=X) likely to face a strong selling interest near the $6,380

Bitcoin: USD/BTC (BTC=X) likely to face a strong selling interest near the $6,380 This past week, bitcoin price saw a solid increase in selling pressure around the $6,600 zone against the US Dollar. As a result, there was a nasty decline and the BTC/USD pair fell below the $6,400 and $6,200 support levels. The price traded towards […]

Cryptocurrencies on the Week Ended 12 October

Cryptocurrencies on the Week Ended 12 October

Cryptocurrencies on the Week Ended 12 October $BTCUSD, $ETHUSD Bitcoin holds above $6,000 ends week lower Bets against Ether hit record pace Bitcoin (BTC) prices held above $6,000 Friday, after a 24-hr selloff resulted in the price of the world’s largest digital currency trading very close to a Key support mark. 1 Bitcoin BTCUSD, +1.13%  was last going […]

Bitcoin: USD/BTC (BTC=X) Bottom in Sight

Bitcoin: USD/BTC (BTC=X) Bottom in Sight

Bitcoin: USD/BTC (BTC=X) Bottom in Sight The Bitcoin drop has brought us near September 8 lows, which held the downtrend from extending. Therefore, we are expecting BTC/USD to find a reliable support near 6154-fiat while 6395-fiat is capping the correction as resistance. We are not hoping to enter a long position on lower lows formation […]

Bitcoin (BTC) Proves No Safe-haven Play

Bitcoin (BTC) Proves No Safe-haven Play

Bitcoin (BTC) Proves No Safe-haven Play $BTCUSD, $ETHUSD The global equity market sell off spilled over into the cryptocurrency space, with major digital assets including Bitcoin, Ethereum and Ripple shedding billions in market value in just mins. The unexpected collapse in the digital currency sector follows a period of price stability for the highly volatile market, and may suggest that investors are less […]

Bitcoin: USD/BTC (BTC=X) moved into a bearish zone

Bitcoin: USD/BTC (BTC=X) moved into a bearish zone

Bitcoin: USD/BTC (BTC=X) moved into a bearish zone Yesterday, we discussed that bitcoin price could climb higher towards the $6,800 level against the US Dollar. However, the BTC/USD pair failed to break the $6,640 and $6,700 resistance levels. It resulted in a downside move below the $6,550 support and the 100 hourly simple moving average. […]

Bitcoin: USD/BTC (BTC=X) $6,550 support

Bitcoin: USD/BTC (BTC=X) $6,550 support

Bitcoin: USD/BTC (BTC=X) $6,550 support Yesterday, we discussed that bitcoin price seems to be preparing for the next leg either above $6,640 or below $6,460 against the US Dollar. The BTC/USD pair traded higher and broke the $6,600 and $6,620 resistance levels. There was also a break above the $6,640 level and the price settled above the […]

Bitcoin: USD/BTC (BTC=X) Supports Above $6,350

Bitcoin: USD/BTC (BTC=X) Supports Above $6,350

Bitcoin: USD/BTC (BTC=X) Supports Above $6,350 There was a strong support base formed above the $6,320 and $6,350 levels by bitcoin price against the US Dollar. The BTC/USD pair traded higher and formed a few lower highs at $6,800, $6,700 and $6,640. The recent swing low was formed at $6,398 before the price traded above […]

China Has the Power to Destroy Bitcoin (BTC)

China Has the Power to Destroy Bitcoin (BTC)

China Has the Power to Destroy Bitcoin (BTC) $BTCUSD A damning new study has suggested China holds threatening influence over Bitcoin (BTC), and perhaps even the ability to attack and ultimately destroy the entire Bitcoin network. Academics from Princeton and Florida International Universities have explored how China “threatens the security, stability, and viability of Bitcoin” […]

Bitcoin: USD/BTC (BTC=X) hinting at stronger odds of a downside move

Bitcoin: USD/BTC (BTC=X) hinting at stronger odds of a downside move

Bitcoin: USD/BTC (BTC=X) hinting at stronger odds of a downside move The range we are watching today has 6525-fiat acting as interim support and 6606-fiat acting as interim resistance. We have already entered a long position towards resistance on a bounce from support, and a close above resistance will also have us enter a long […]

Bitcoin: USD/BTC (BTC=X) risks are tilted to the downside

Bitcoin: USD/BTC (BTC=X) risks are tilted to the downside

Bitcoin: USD/BTC (BTC=X) risks are tilted to the downside While Bitcoin is sitting in a narrow range, experts and analysts are trying to predict where the market has hit the bottom or there is more pain in store ahead for crypto bulls. Considering that Bitcoin has been trading in the narrowest 20-week range in two […]

This is All You Need to Know About Bitcoin and Blockchain

This is All You Need to Know About Bitcoin and Blockchain

This is All You Need to Know About Bitcoin and Blockchain $BTCUSD, $BLCN  Bitcoin and the alternative cryptocurrencies, aka altcoins, are cryptic to say the least. Some people consider bitcoin a currency, others an investment and still others a store of value. Even government agencies cannot agree on what bitcoin really is. The IRS treats it […]

Bitcoin: USD/BTC (BTC=X) positive finish

Bitcoin: USD/BTC (BTC=X) positive finish

Bitcoin: USD/BTC (BTC=X) positive finish  The Bitcoin price (BTC/USD) has returned above the $6,500 mark following a positive finish to an otherwise poor Wednesday session. The original cryptocurrency had a largely disappointing session yesterday, as its price dropped below the $6,500 level for the first time in six days during the morning hours. The digital […]

Bitcoin (BTC) Bears Testing the Monthly Trendline

Bitcoin (BTC) Bears Testing the Monthly Trendline

Bitcoin (BTC) Bears Testing the Monthly Trendline $BTCUSD Bitcoin Bears have been emboldened by repeated rejection from a Key moving average hurdle, but they may take a breather over the next 24 hrs as the price heads for another Key trendline of support. The world’s #1 cryptocurrency is lacking a strong bullish or bearish bias […]

Bitcoin: USD/BTC (BTC=X) dropped below the $6,500

Bitcoin: USD/BTC (BTC=X) dropped below the $6,500

Bitcoin: USD/BTC (BTC=X) dropped below the $6,500 The Bitcoin price (BTC/USD) has dropped below the $6,500 mark amid a downward trend felt across the broader digital currency market. The original cryptocurrency had an encouraging start to yesterday’s session, as it managed to reclaim the $6,600 level in early trading. The digital coin rose to as […]

Bitcoin: USD/BTC (BTC=X) support at $6,400

Bitcoin: USD/BTC (BTC=X) support at $6,400

Bitcoin: USD/BTC (BTC=X) support at $6,400 Bitcoin price made a pleasant upside move from the $6,300-6,310 zone against the US Dollar. The BTC/USD pair moved higher and broke the $6,500 and $6,700 resistance levels. There was likewise a nearby over the $6,500 level and the 100 straightforward moving normal (4-hours). In any case, the upside move […]

Swiss Bankers Raise $104-M to Establish Crypto Financial Services Company

Swiss Bankers Raise $104-M to Establish Crypto Financial Services Company

Swiss Bankers Raise $104-M to Establish Crypto Financial Services Company $BTC, $ETH Seba Crypto AG, a Swiss financial services company run by ex-UBS Group AG bankers, said it raised money as it seeks to become 1 of the world’s 1st regulated banks to let consumers trade paper (fiat) money into cryptocurrency. The Zug HQ’d company […]

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