Bitcoin encountered an exhaustion point that has confounded analysts. Some analysts were expecting a 20–40 percent correction, but $7,800 resistance held. Is a retrace still on the horizon? Following the $9,090 high of May 30, Bitcoin encountered an exhaustion point that lead Tuur Demeester, the founding partner of Adamant Capital, to believe that a 20 to […]
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Bitcoin has undergone a strong rally over the past few weeks. The coin has rallied from the $9,800 lows in early September to $11,400 now. Bitcoin may retrace in the near term, analysts say, as it faces down increased selling pressure.
By CCN: The parabolic bitcoin price explosion, which saw BTC surge 136 percent in 2019, is a trap, according to on-chain analyst and Adaptive Fund partner Willy Woo. The price explosion is simply a short-squeeze driven by hedge funds.
The market valuation of bitcoin rose more than 190 percent since the low of Dec. 15, 2018, raising the question when the retrace will come and how pronounced it will be. Now that BTC is retracing it begs the question whether this is the correction sideliners have been waiting for.
Bitcoin to blast through $10k Everyone eyeing mid $9ks for a pullback so be ready for a retrace to come sooner Bitcoin hasn’t been able to touch the $9,000 mark yet as it makes a retreat yet again. However, it is at the level which was last seen a year back. The world’s top cryptocurrency […]
Bitcoin is doing what it’s done best over the last decade and continuing to climb, despite skeptics, antics, and rhetoric. While some traders are expecting price movement to retest the former resistance zone, there are signs suggesting a retrace into that zone may not be necessary in a bullish continuation.
Bitcoin Cash Price Analysis In line with the performance of other top cryptocurrencies, Bitcoin Cash (BCH) recorded a strong USD price performance last week. The price managed to rise above a level which acted as support in both September and October at $409.
Over recent hours, Bitcoin (BTC) has begun to slow, with bullish momentum falling off across the board. Yet, some say it may be a bit too early to call for a doomsday-esque scenario, which sees BTC fully retrace its sudden spike higher.
What a week it’s been for Bitcoin (BTC). In the past 72 hours, the asset has rallied from the low-$6,000s to $7,500, then to $6,900 (current), driven by a newfound sense of hype, passion, and belief in the cryptocurrency cause.
The crypto community was pleased to find that Bitcoin was able to surge past $6,000 for the first time since the cryptocurrency plunged to its 2018 lows of $3,200 in December. Analysts are now closely watching the $6,400 level to see how the crypto responds to this price, as many analysts believe that there is.
In the cryptocurrency world, surprising market momentum is not as uncommon as some may believe. While no one really expected the Bitcoin price to retrace so violently all of a sudden, a correction was on the horizon in any case.
Bitcoin has been pumping continuously since its December 2018 lows, leading many people to believe that the much-awaited bull run has begun. Lending more credibility to this was the occurrence of the Golden Cross on April 23, 2019.
Even though the week had seemingly started off with some positive market momentum, most cryptocurrencies are going through a somewhat violent retrace. Not entirely surprising when considering how weak Bitcoin has looked since Sunday afternoon.
Bitcoin Analysis After a strong performance last week across cryptocurrencies, the market leader Bitcoin has failed to follow up this week with an increase. It looks likely that the week will close at a loss.
Following Bitcoin’s overwhelmingly positive price action over the past couple of weeks, the cryptocurrency has finally hit a strong level of resistance that sent it spiraling downwards. Now, BTC is beginning to establish fresh levels of support and resistance, which may lead to the formation of a fresh trading range.
Bitcoin’s April rally has captured the attention of observers both inside and outside crypto–land, with the price perched above $5,200 once again. Blockchain pioneers are confronting the pop, even if they have different views on what it means.
On Squawk Box, Fundstrat Global Advisors head of research Thomas Lee said that despite the 16-month correction, bitcoin is en route to a steady accumulation phase throughout 2019. In the past 24 hours, the bitcoin price experienced a roughly 2.
Bitcoin just blasted off to $5,100 with an impressive 17 percent gain. Will the largest digital asset continue to leg up or surprise the world with the dreaded full retrace? Bitcoin Price: Market Overview At last, Bitcoin (BTC) broke the malaise with gusto as it blasted far above the $4,200 resistance and reached a new yearly high at $4,800, at the time of writing.
On February 24, following an impressive short-term rally from February 21 to 23, the valuation of the crypto market plunged by $11 billion from $141 billion to $130 billion. Several analysts have suggested that the inability of Bitcoin to break out of the $4,200 mark, a crucial resistance level for the dominant cryptocurrency, led most crypto assets to retrace.
Following a rapid surge in the Bitcoin price from $3,614 to $4,000 within a span of three days, traders are expecting BTC to retrace by around 7 percent to $3,700. The cautious projection on the price trend of the dominant crypto asset comes after the failure of BTC to climb beyond the crucial $4,000 resistance level.
Today’s Video Briefing covers the newest cryptocurrency in the top ten: Binance coin, whose market cap edged past Bitcoin SV in a day of double digit gains. BNB is already starting to retrace, but is it good enough to stick around? Kiana explains some of the reasons why investors see BNB as a good bet.
A look at the 3-day chart for TRX shows that price has moved past the 7 and 21 period moving averages and is currently in the area of resistance formed by the highs of August and October 2018. Price is also facing resistance from the cloud.
After every bearish uprise, the cryptocurrency market continues to retrace its steps back to where the bulls left off. More often, the bulls have been taking the lead, birthing new trading prices, volumes and market capitalization.
Litecoin underwent a huge surge over the past few days after overtaking Bitcoin Cash in the cryptocurrency market cap rankings. The price increased from around $22. 70 to a high above $30 yesterday, an over 30% increase.
Factom has been the standout performer over the past month. The price has increased from support around $4 to a high of $16 today, a 300% appreciation. Price has since begun to retrace and currently trades around $15.
Bitcoin has tumbled again today as the market continues to see further downward movement shortly after breaking two areas of market support. So far, bitcoin is down 15% on the day — 25% in 1 week:Figure 1: BTC-USD, Daily Candles, Downward ContinuationThis drop below support is starting to display hallmarks of market capitulation.
The falling prices of digital currencies are not the best gauge on what’s actually happening in the crypto space. This is the belief of Circuit Capital founders, a new hedge fund that is surprisingly bullish on the industry despite the market’s failure to retrace January’s massive correction.
When Binance announced its support for the upcoming Bitcoin Cash hard fork, a price spike was catalyzed in the fourth largest cryptocurrency by market cap. The price spike continued with further exchanges announcing their support for the hard fork but, the price has since started to retrace.
Bitcoin cash has an upcoming hard fork on the 15th November. The fork will result in a chain split with two different Bitcoin Cash blockchains. Bitcoin ABC, supported by Roger Ver and Bitmain, will keep the same block size.
Ripple’s XRP started a price surge on Sunday which saw the digital currency spike over 15% in three days. The price has since begun to retrace but is still in a far more bullish situation than last week.
PIVX is one of the only coins in the top 100 appreciating today. It has had a strong performance over the past two days, increasing from around $1. 1 yesterday to an intraday high of $1. 5 today.
Chart for BTC/USD (1W) Bitcoin (BTC) is finally out of the woods. The above weekly chart for BTC/USD shows that Bitcoin (BTC) has formed a weekly candle above the historical downtrend line. This is the first time since January 2018 that Bitcoin (BTC) has breached this resistance line and formed a candle above it.
Many people know bitcoin as an anonymous digital currency, one whose privacy features prime it for concealed payments in sketchy recesses of the internet’s dark web.
Over the last two weeks, bitcoin saw its longest streak of red days since 2014. The volume was modest and expansive on the drop as the price managed to lose 25% in value in just 10 days.
At the time of this article, the news from the Winklevoss ETF being denied by the SEC is still fresh and it is unclear what impact it may have on the overall macro trend of the market.
Bitcoin (BTC) has run into resistance and now appears to have topped out once again as it sets for a pullback. EMA alignment for BTC/USD on the daily chart above continues to remain bearish.
In our previous discussion, a strong possibility for a retest of the low volume spring was noted as the market was beginning the early stages of an inverted head-and-shoulders (H/S) reversal (sometimes called a head-and-shoulders bottom).