Bitcoin is currently exchanging hands at $8,683 at the time of writing. The price has recovered slightly from the dip to $8,100. An intraday high has been achieved at $8,812 (short term resistance level). Glancing further up $9,000 is the next resistance; that if broken could pave the way for Read more…
Macro trader Henrik Zeberg has once again called for a major downside move that would take Bitcoin all the way to $1,760. This extremely bearish price target now seems a tad more realistic hot on the heels of Bitcoin’s 15 percent crash that caught the bulls off-guard earlier today. #Bitcoin may have topped in Read more…
Bitcoin (BTC) price dropped from $10,000 to $8,100 within just over a day, as it plunged by 9% in a single hour. It liquidated $200 million worth of shorts, obliterating the futures market. The three key reasons that triggered the immense Bitcoin correction were: strong multi-year resistance area above $10,000, Read more…
The market after a strong week has made a huge retracement. In the last 24 hours, the market has wiped out over $25 billion. For many cryptocurrencies, this has seen them wipe out their weekly gains. For Bitcoin, the asset has suffered a more than 10% drop. At the time Read more…
The number of HODLers with large amounts of BTC is constantly increasing, as Bitcoin shows a bullish trend, according to a report by Glassnode. This increase in the number of BTC whales has been the largest since the 2017 crypto boom, when Bitcoin also known as “digital gold” had its Read more…
Kraken, the San Francisco-based cryptocurrency exchange, has released its monthly report on the current state of the crypto market. The report stated that the hash rates of Bitcoin and the spread in the epidemic are two important factors before the upcoming ‘halving’. Kraken analysts think that if the epidemic decreases Read more…
The cryptocurrency suffers from all the problems it has always had and that may never change. But digital currencies more broadly may be about to take off. How is bitcoin getting on? By its own standards, bitcoin has achieved a certain stability, in that its price in recent weeks – Read more…
Bitcoin’s recent rally was surprisingly one of those surges which did not contribute to a ripple effect in the rest of the market. The world’s largest crypto-asset surged by almost 4 percent, but the rest of the altcoin market failed to live up to the same expectations. While Cardano remained Read more…
It’s anticipated that ASICS will now not be profitable for their owners. Litecoin can be a fork of Bitcoin with the block time and mining algorithm modified. one hundred forty four blocks per day are mined on average, and there are 12.5 bitcoins per block. one hundred forty four x Read more…
Since the $3,700 lows, Bitcoin has roared higher, crossing above resistance after resistance in succession. Just recently, BTC tapped $10,000. Although impressive, a top analyst expects for the cryptocurrency to head even higher, citing three “solid” tailwinds for this market. BITCOIN’S MACRO TAILWINDS ARE GROWING There’s a confluence of four fundamental Read more…