Fears of Bitcoin Dump Intensify as Price Fails to Break 2017-2020 Resistance

Bitcoin popped towards its two-month high early on Thursday, breaking above $9,400 amidst halving hype. But the cryptocurrency failed to secure its intraday gains as it corrected lower by about $937 from the local top. The pullback started at the same level that has been capping bitcoin’s upside attempts since the 2017 bull run. It […]

Crucial Bearish Sign That Haunted Bitcoin Since $5ks Was Just Invalidated

A reoccurring theme in many Bitcoin analyses over the past few weeks has been mentions of a “rising wedge.” For those unaware, a rising wedge is a common chart pattern marked by a strong uptrend. Although this uptrend may seem bullish from a top-down perspective, rising wedges are textbook reversal patterns. Per Investopedia, this form […]

Bitcoin Price Slides Below $9K as Trader Suggests ‘Technical’ Retrace

Bitcoin (BTC) bounced off $8,500 on April 30 after fresh volatility saw the largest cryptocurrency shed 8% in hours. Cryptocurrency market daily overview. Source: Coin360 BTC price tests reclaimed support Data from Cointelegraph Markets and CoinMarketCap showed a swift reversal for Bitcoin on Thursday trading, diving from highs of $9,440 to lows of $8,530. At […]

Bitcoin Doubles Gold’s YTD Rate of Return in 1 Day as Gains Top 27%

Bitcoin (BTC) hitting almost $9,500 on April 30 was a boon for cryptocurrency investors — but gold bugs were left holding the buck. As BTC/USD climbed to eight-week highs on Wednesday, the pair’s already handsome year-to-date returns began outshining its last major competitor — gold. Schiff blames speculators as BTC launches As Cointelegraph reported while […]

160 Million USDT Tokens Minted During Bitcoin’s Rise to $9K

With Bitcoin (BTC) ascending sharply in the last eight hours — over $9,100 at press time — U.S. dollar-backed stablecoin Tether (USDT) is on a minting spree.  Whalebot Alerts has reported that Tether issued more than 160 million new coins in the last 24 hours in just two transactions. The first $60 million were minted when […]

3 Key Factors Why Bitcoin Price Exploded to $9.4K Overnight

The Bitcoin (BTC) price increased from $7,700 to $9,500 overnight, increasing by 23%, according to Coinmarketcap, in less than 24 hours.  The three main factors that catalyzed Bitcoin’s recent rally are record-high spot exchange volume, a breakout above historical resistance levels, and a noticeable rise in institutional demand. Spot exchanges drove Bitcoin to $9,500, not […]

Ripple (XRP) Defies Gravity: Main Reasons $0.25 or $0.26 Are Likely Targets

Ripple extended its rally above the $0.2200 resistance against the US Dollar. XRP price is showing many positive signs and it could continue to rise towards $0.2500 or $0.2600. Ripple price is up close to 10% and it climbed above the $0.2300 level against the US dollar. It tested the $0.2350 resistance and currently consolidating […]

Ethereum Rally Seems Unstoppable: Here’s Why It Could Test $250

Ethereum is up more than 12% and it broke the $220 resistance against the US Dollar. ETH price is likely to continue higher and it could even test the $240 and $250 levels. Ethereum is surging and it recently broke the $215 and $220 resistance levels. The price is now trading well above the $200 […]

Bitcoin Roars Past $9,000 as Frantic FOMO on Binance & Coinbase Continues

The past 24 hours have been explosive for the Bitcoin market. Ever since breaking past $7,800 on Wednesday morning, the cryptocurrency has been in a nearly unstoppable uptrend, rallying past resistance after resistance in the $7,000s, $8,000s, then most recently, the ever-important $9,000 level. This steep uptrend comes on the back of an influx of […]

BTC’s Tops $9,000, Recovery Leaves Stock Market in the Dust

Bitcoin (BTC) just broke past $9,000 at 3.30am UTC. The price recovery far outpaces the Dow Jones Industrial Average, or Dow, one of the mainstream market’s key barometers.  Since its bottom near $3,850 on March 13, Bitcoin has pumped more than 130% in price, according to TradingView.com chart data. At its recent high near $24,750, […]