Since the crypto bubble of 2017-2018, investors have been waiting for Bitcoin to surmount its $20,000 all-time high. While BTC reaching a price above $20,000 seems to be a quixotic dream at best, a prominent cryptocurrency trader has suggested that the cryptocurrency is preparing for a rally to $30,000 — …
Read More »Here’s the Key Level Bitcoin Needs to Defend to Attempt a Breakout Rally
Today’s been a rough day for Bitcoin, with the intense selling pressure currently plaguing the global equities market spilling over into the crypto market, leading BTC to struggle to break above its resistance at roughly $9,000. Today’s price action has largely consisted of it trading sideways around $8,700, but this …
Read More »Bitcoin is Showing Early Signs of Fresh Rally, But 100 SMA is the Key
Bitcoin is likely forming a short term bottom near $8,400 against the US Dollar. However, BTC price must climb above the 100 hourly SMA and $8,800 to start a fresh increase. Bitcoin is currently consolidating above the $8,400 and $8,500 support levels against the US Dollar. The bulls need to …
Read More »Ancient Math May Be the Key to Making Crypto Bull Market Riches
As the Bitcoin and the rest of the crypto asset class enter the early phase of a new bull market, investors and analysts are hard at work developing a plan to capitalize on the possibly life-changing uptrend in the days ahead. But could the key to successfully generating riches from …
Read More »Despite Bitcoin’s Key Technical Correction, The 100 SMA Can Trigger A Fresh Rally
Bitcoin started a downside correction from the $10,500 area against the US Dollar. BTC declined below $10,200, but it is still holding the key 100 hourly SMA. Bitcoin price failed to climb above $10,500 and corrected lower against the US Dollar. There was a sharp dip below the $10,200 level …
Read More »What’s Really Triggering This Epic Ethereum Rally? 3 Key Factors Behind Upsurge
The number two crypto asset by market cap, Ethereum, has been outperforming most of the rest of the market over the last few weeks, including Bitcoin. But what is causing this epic rally? Here are the three most important factors fueling the latest Ethereum bull run. Three Major Factors Influencing …
Read More »All Eyes On $10,000: Can Bitcoin Break Past This Key Level?
Just 30 or so minutes ago, Bitcoin made an attempt at $10,000, breaking past $9,900 for the first time in about forever to jump as high as $9,950. The price spike, unfortunately for bulls, fell short of the ever-so-important five digits. Though, the price of BTC is not done yet, …
Read More »Bitcoin Starts Convincing Rally To $10K After Short Term Correction: Here Are Key Hurdles
Bitcoin price remained well bid above $9,000 and rallied to a new 2020 high against the US Dollar. BTC is now trading nicely above $9,500 and signaling a strong increase to $10,000. Bitcoin is showing positive signs above the $9,500 and $9,600 levels against the US Dollar. The price jumped …
Read More »Bitcoin Is Diving But The Bulls Won’t Give Up Easily: Key Levels To Watch
Bitcoin price started a downside correction from well above the $9,550 area against the US Dollar. BTC broke the key $9,220 support and it is now trading in a short term bearish zone. Bitcoin declined recently below the $9,300 and $9,200 levels against the US Dollar. The price traded close …
Read More »Bitcoin at Risk of Erasing 2020 Gains After Being Rejected at Key Level
Bitcoin faced a flash rally yesterday evening that led the crypto to break above $9,600 before almost instantly incurring a significant amount of selling pressure that led BTC to plummet into the $9,300 region. Bull’s inability to decisively close the cryptocurrency above its key resistance at $9,500 points to the …
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