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Bitcoin (BTC) Draws Higher Lows & Nosedives Below 200-day MA


Bitcoin, at the time of writing, was trading around $5,000 and is observed drawing higher lows after marking an apex at $20,000, followed by $13,000 and $10,000 in the recent past. Important to note that the BTC had recorded the highest trading volume bar during this recent collapse when the price...

Bitcoin Crashes to January Lows, Altcoins Suffer Bigger Losses


In a surprising move, bitcoin (BTC) price crashed this weekend, dropping to the levels last seen in January, while all major altcoins are in red against BTC on Sunday. BTC dropped on Saturday sharply and is still moving down on Sunday. At pixel time (16:01 UTC), bitcoin trades at c. USD 8,431...

Bitcoin and Altcoins Target Fresh Monthly Lows


This week, bitcoin followed a bearish path below the USD 9,000 and USD 8,800 support levels. BTC/USD even traded below the USD 8,650 support and it is now (09:00 UTC) trading just above the USD 8,500 support. The current price action suggests that there could be more losses below USD 8,500....

Market Update: Crypto Prices Hold Steady After Massive Bullish Spike


Digital currency markets are coasting along after an enormous move on Friday of more than 20-40%. The entire cryptoconomy is hovering around $249 billion as it gained a whopping $30 billion very quickly this week. Crypto prices corrected a touch since the spike, but are still well above the lows...

Bitcoin Price, Altcoins Gaining Bearish Momentum Below Weekly Lows


Recently, there was a minor upside correction in bitcoin price above the USD 8,000 level. However, BTC/USD failed to gain momentum above the USD 8,100 level and struggled to test the USD 8,200 resistance. As a result, there was a fresh decline below USD 8,000 and USD 7,900. Similarly, ethereum...

Market Outlook: Leading Cryptocurrencies Attempt to Break Resistance


Digital currency markets have started to show strong signs of recovery after dropping to new lows last week. On Monday, a number of cryptocurrencies gained between 2-5% over the course of the day. Crypto prices have held steady into the next day and many digital assets will likely test...

Ether’s Bull Run from December Lows Appears to Have Ended


Ethereum’s cryptocurrency, ether, is losing altitude, with signs suggesting the asset has ended a bull market from December lows with a drop below $200 last week. The second-largest cryptocurrency by market capitalization is currently trading at $183 on Bitfinex, representing a 7.3 percent drop...

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