Bitcoin just keeps chugging along, continuing its five-month intermittent surge routine, having blasted off from its $3,130 launch pad in December and now currently toying with $13,000. In the not too distant past, when Bitcoin took a breather from its “surge routine”, its altcoin brethren had a habit of surging, as well, benefiting from a…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 10, 2019. The text below is an excerpt and does not contain the full analysis. Never before has a strong economy ever presented such a serious problem for a central bank. The US jobs…
Read more
Bitcoin displayed its “Lazarus-like” character once again, rising from apparent death and going on the attack with bulls leading the way. The current target of $12,000 is within reach, even though a majority of analysts keep expecting a correction to be in the immediate vicinity. BTC had been trading sideways for three days, dipping and…
Read more
After rocketing toward $14,000, Bitcoin is now struggling to find support at the $10,000 level. It fell below this important benchmark for a short period, but has now rebounded back to the $10,600 plateau. Several noteworthy analysts predicted that a test of this territory had been missed weeks back and might occur, but others have…
Read more
The latest five-month Bitcoin rally has been as amazing as it has been confusing. Yes, BTC has posted positive gains for five months in a row, only the second time it has achieved this milestone since mid-2017. In just this past week, it has blown past $11,000 in a heartbeat, then it threatened to overtake…
Read more
Bitcoin’s recent display of stable pricing behavior has given way in the past week to turbulent times, once again. Investors are witnessing the volatility to which they had become very accustomed, but just as violent swings in value became the norm, the world’s favorite cryptocurrency has slowly but surely regained its dominance in the crypto…
Read more
Shades of Icarus flying too close to the Sun marked the last 24 hours of Bitcoin trading, as the most heavily traded crypto plummeted nearly $2,000, just after U.S. markets had closed. Bitcoin was peeking at $14,000, having climbed above $13,800, only to pull back to $13,485. Suddenly, the air went out of the lead…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 26, 2019. The text below is an excerpt and does not contain the full analysis. Welcome to Summer!! Watch out, it's hot. After the prolonged crypto winter that was 2018, this year has seen…
Read more
It was only two weeks ago that the Bitcoin faithful were perturbed by the ranging behavior of their favorite cryptocurrency. BTC had been mired within a tightly bounded range between $7,500 and $8,100, with no particular since of what was to come. Even advocates began seeing “Head-and-Shoulder” formations that spoke that doom was imminent, perhaps…
Read more
Bitcoin catapulted ahead in weekend trading, blasting through $10,000, as if there were no such thing as a psychological barrier or even formidable resistance. Then, in order to add the cherry to the top of this sundae or Sunday, whichever you prefer, cryptos’ omnipresent leader vaulted forward, crossing the $11,000 sound barrier, not once, but…
Read more