Key PointsBitcoin price is slowly recovering slowly and steadily above the $6,100 level against the US Dollar.There was a break above a key bearish trend line with resistance at $6,220 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The pair must stay above the $6,100 level...
The price of Ether, the native cryptocurrency of Ethereum, has fallen by 15 percent in the last 24 hours to $305, as other major cryptocurrencies like EOS fell 13 percent.Tokens have followed the price movement of Ethereum, EOS, Ripple, and other major cryptocurrencies, recording 10 to 20 percent losses...
On Thursday, investors awoke to a promising sight — a $300 candle that brought Bitcoin’s price off a $6,150 low — so some thought that the worse for over for the market. But, as some investors were lured into a false sense of security, the market fell even further...
Bitcoin has long been at the forefront of the crypto industry; and it seems with the market’s most recent move downwards, Bitcoin’s dominance over the rest of the market may continue, or at least for a little while longer.Bitcoin Dominance Surges Amidst Crypto DowntrendThe crypto market dropped by a...
Yale economists Aleh Tsyvinski and Yukun Liu have come up with a study showing that cryptocurrency markets move depending on the type of attention they receive. Many crypto enthusiasts try to predict the price of Bitcoin based on their observations of crypto markets. Some predictions seem to be really incredible,...
Key PointsBitcoin price corrected higher and moved above the $6,350 resistance against the US Dollar.There is a key ascending channel forming with support at $6,300 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is facing a couple of important resistances near the $6,630 and...
Bitcoin Price Key HighlightsBitcoin price continues to trend lower as it hit a roadblock at the top of its descending channel.Price could be setting its sights back on the support from here and the Fib extension tool shows the next support zones.Technical indicators also signal that a continuation of...
Key PointsBitcoin price declined further and traded below the $6,200 support level against the US Dollar.There is a short-term connecting bearish trend line in place with resistance near $6,380-6,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is currently rebounding but it is likely...
Bitcoin Price Key HighlightsBitcoin price is still heading lower as it trades below a descending trend line on the 1-hour chart.Price looks prime for a pullback as it hovers above the $6,100 area, and bears might be waiting at the trend line.Applying the Fibonacci retracement tool also shows where...
Key PointsBitcoin price declined sharply and broke an important support near $6,830 against the US Dollar.A crucial bearish trend line with current resistance at $7,000 acted as a hurdle on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair declined below the $6,500 level and recoveries...