Bitcoin struggled through worrisome weekend trading, continuing its slow and gradual descent from yearly highs, but finding support around $9,500. For one brief moment, bears mounted a solid attack that drove BTC prices down to $9,110, but buyers quickly stepped in to boost it back to its current level of support. If you do the…
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Bitcoin just broke through $10,000, the third time this month, but it soon dipped below this psychological 5-digit barrier, which has turned formidable of late. As we noted in a previous article, the world’s favorite digital currency appears to be in consolidation mode, curiously forming its fifth stair step, since launching from $3,122 in late…
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At times, Bitcoin can be quite boring, if and when volatility drops and price points move about a significant psychological level for a few weeks at a time. This situation seems to be the case at the moment, but analysts are trying awfully hard to read more into short-term charts to determine the next possible…
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The highly anticipated launch of the Bakkt Bitcoin futures trading platform took a major step forward, on schedule no less, by announcing acceptance testing for its growing list of international paticipants. What was the reaction of Bitcoin prices? They dropped five percent… ? Perhaps, it was a “sell-on-the-news” type of market reaction or possibly something…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 22, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights New UK PM Libra Sentiment Crypto Volumes Lagging Please note: All data, figures & graphs are valid…
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Last week may go down in history as a major turning point for Bitcoin. Attacks were coming from every quarter, as government ministers took aim at Project Libra, Facebook, and by association, Bitcoin and its altcoin brethren. Two weeks back, BTC had risen above $13,000, but Jerome Powell, the chair of the Fed, spoke negatively…
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U.S. Congressional hearings are never fun events for those asked to attend. The opportunity for elected officials to preach whatever gospel they perceive that their political bases want to hear is just too great to ignore. They need to keep their voters back home cheering them on to greater stardom, or so it seems when…
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Sooner or later, Bitcoin and gravity were going to be good friends again. After gradually recovering from a bout in the lowlands below $10,000 nearly two weeks back, buyers for the world’s favorite cryptocurrency began to run out of steam. After groping its way back above $13,000, the weight of the bears on its back…
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If anyone was waiting for a bargain price for Bitcoin below $10,000, they had a brief chance to buy at $9,850 and above, as the world’s favorite digital asset plummeted over the weekend. During its momentous rise to stardom, the one characteristic that has stood out most over recent months is that, once again, volatility…
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Once more unto the breach, dear friends, once more… Bitcoin tried valiantly for a second time in 30 days to breach the $13,000 “wall”, but, unfortunately, was pushed back down below $12,000. Resistance has thickened on these ramparts on the way to a new All-Time-High, but the market leader has definitely been persistent. Volatile swings…
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