Search
Bitcoin and Altcoins Showing Positive Signs
4.6.2020
In the past two sessions, there was a decent recovery wave in bitcoin above the USD 9,400 and USD 9,550 levels. BTC is trading above the USD 9,600 level (08:30 UTC), but it must clear the USD 9,850 resistance zone for a sustained upward move above the USD 10,000 level.
Similarly, most major...
Bitcoin and Altcoins Consolidating Losses, Upsides Could Be Capped
3.6.2020
Yesterday, we saw a strong increase in bitcoin price above the USD 9,950 and USD 10,000 resistance levels. BTC even climbed above the USD 10,200 level, but it struggled to continue above USD 10,400. Also yesterday, there was a sharp decline below USD 10,000 and the price tested the USD 9,300...
Bitcoin Settles Above USD 10,000, Altcoins Could Extend Rally
2.6.2020
In the past two days, there was a steady rise in bitcoin price above the USD 9,500 resistance. The recent surge was such that BTC was able to clear the main USD 9,950 and USD 10,000 resistance levels. It tested the USD 10,350 resistance zone and currently (08:40 UTC) consolidating above...
Bitcoin and Altcoins Signaling Bullish Continuation
1.6.2020
This past week, bitcoin gained traction above the USD 9,000 and USD 9,200 levels. BTC even broke the USD 9,550 resistance zone, but it struggled to surpass the USD 9,800 barrier. It is currently (08:30 UTC) consolidating gains and it might attempt to clear the USD 9,800 and USD 10,000 resistance...
Bitcoin and Altcoins Trend Turns Bullish
29.5.2020
In the past two sessions, there was a strong rise in bitcoin price above the USD 9,200 and USD 9,300 levels. BTC even broke the USD 9,500 resistance and it might continue higher towards the USD 9,800 and USD 9,950 levels in the near term.
Similarly, there was a steady rise in most major altcoins...
Bitcoin and Altcoins Trading Near Make-or-Break Levels
28.5.2020
After a couple of failed attempts, bitcoin price was able to clear the USD 9,050 resistance level. BTC even recovered above the USD 9,200 resistance, but it struggled to continue higher. It is currently (08:30 UTC) correcting lower and it might find support near USD 9,050 or USD 9,000.
Similarly...
Bitcoin and Altcoins Struggle To Gain Bullish Momentum
27.5.2020
After a short-term upside correction, bitcoin price resumed its decline towards the USD 8,800 level. BTC is currently (08:30 UTC) trading in a broad range and it seems to be struggling to clear the USD 9,050 and USD 9,200 resistance levels.
Looking at most major altcoins, there were mostly range...
Binance Futures Traders Long BTC and Altcoins, Even as Bitcoin Price Falls
26.5.2020
Despite Bitcoin’s bearish price action, top traders on Binance Futures are aggressively longing cryptocurrencies, including Bitcoin and Ethereum
Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked
26.5.2020
The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin...
Bitcoin Starts Upside Correction, Altcoins Trade Sideways
26.5.2020
After a sharp downside correction, bitcoin price found support near the USD 8,650 level. BTC started an upside correction and it is now (08:30 UTC) trading near the USD 9,000 level. To continue higher, it must clear the USD 9,050 and USD 9,200 resistance levels.
On the other hand, most major...
Bitcoin Bears Gain Control, Altcoins Holding Key Supports
25.5.2020
This past week, bitcoin failed to gain momentum above the USD 9,900 and USD 10,000 levels. As a result, there was a fresh bearish wave below the USD 9,550 support. BTC broke many supports near USD 9,200 and recently settled below the USD 9,000 support.
Similarly, there were bearish moves in many...
Bitcoin and Altcoins Recovery Could Be Short-Lived
22.5.2020
Yesterday, we saw a strong bearish wave below the USD 9,550 support zone. It opened the doors for more losses and BTC price traded below the USD 9,200 support. The price tested the USD 8,800 support and it is currently (08:30 UTC) correcting higher above USD 9,000.
Similarly, most major altcoins...
Bitcoin and Altcoins Vulnerable to a Further Correction
21.5.2020
Bitcoin price made many attempts to overcome the USD 9,950 and USD 10,000 resistance levels, but it failed. As a result, BTC reacted to the downside and broke a couple of key supports near the USD 9,550 level. It has opened the doors for a downside correction towards USD 9,000 or even...
Bullishness Spreads to Major Altcoins (Except XRP) in Wake of Bitcoin Halving
20.5.2020
Despite Bitoin’s (BTC) recent halving on May 11 diverting some of the attention, other major cryptoassets have also seen strong performance in the days following the event, with early signs now indicating that the bullishness in BTC may be spreading to the broader crypto market.
Following...
Bitcoin and Altcoins Preparing For Next Move
20.5.2020
Bitcoin price remained below the key USD 9,950 and USD 10,000 resistance levels. On the downside, there is a major support forming near the USD 9,550 level. Therefore, BTC seems to be preparing the next break either above USD 10,000 or towards USD 9,000.
Similarly, most major altcoins are likely...
Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only 24% Stick Exclusively’
20.5.2020
On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases...
Bitcoin Topside Bias Vulnerable Below USD 10K, Altcoins Consolidate
19.5.2020
Bitcoin price started a downside correction after it failed to clear the USD 9,500 and USD 10,000 resistance levels. BTC/USD traded below the USD 9,850 support and tested USD 9,550. The price is currently (09:00 UTC) stuck in a range and seems to be facing a strong resistance near...
Bitcoin Stuck Below USD 10K, Altcoins Look Ready For Another Leg Higher
18.5.2020
This past week, there was a downside correction in bitcoin price from the USD 10,000 resistance. BTC/USD traded below USD 9,550, but it found support near USD 9,200. Recently, it started a fresh increase and broke many hurdles near USD 9,550 to revisit the USD 10,000 region.
Also, many major...
Bitcoin Facing Uphill Task Near USD 10,000, Altcoins Stable
15.5.2020
Bitcoin price followed a bullish path after it settled above the USD 9,500 resistance. BTC/USD broke a couple of major hurdles near USD 9,800, but it faced an uphill task near the USD 10,000 resistance zone. As a result, there was a downside correction and the price is currently (08:30 UTC)...
Coinbase Report Suggests Bitcoin Acts as a Gateway to Altcoins
15.5.2020
Bitcoin acts as a gateway to altcoins, with only 24% of investors keeping the faith, according to research from Coinbase