Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The value of Bitcoin has been moving along its current support levels and trying to consolidate around $33k. The sudden pumping of its price against all predictions has provided BTC another chance to test...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s price was trading above $35,000 at press time, with the cryptocurrency aiming to head higher as it bounces off a consolidation pattern on the charts. This pattern suggests that the consolidation might keep...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin has had a phenomenal year, with its price tapping new highs every day. At the time of writing, Bitcoin had just hit $29,300, a new all-time high for the cryptocurrency. This has been...Read More
Disclaimer: The findings of the following analysis are the sole opinion of the writer and should not be taken as investment advice Bitcoin has seen a good surge since September began. In fact, the price surge has been more than a hyperbole since 12 December. Although not surprising, this surge could be something to be wary...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin, the world’s largest cryptocurrency, was hovering in the $17,000-range 24-hours ago. However, the price did seem to have appreciated considerably since. At press time, Bitcoin looked toppy, with its price recorded to be...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin, the world’s largest cryptocurrency, briefly tested the $18,500-mark again on 5 December as the king coin continued to consolidate higher up the charts. While the recent collapse down to $16,200 on 26 November...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin has started its rollercoaster ride yet again. This has contributed to longs worth billions being liquidated as a result. As long as we have high volatility, we can expect this trend to continue...Read More
Bitcoin is now trading at $17275, down from $19300, 3 days ago. The price has dropped by 10.49% and Bitcoin longs worth $43.8 Million were liquidated in the past 24 hours on BitMEX vs $6.5 Million shorts. 3 days ago, on November 24, 2020, the situation was a contrast. There were more shorts getting liquidated...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The value of Bitcoin had been appreciating without any hiccups for the past one month, until quite recently. In fact, over the past 48 hours, soon after Bitcoin climbed to a local top...Read More
Disclaimer: The findings of the following analysis are the sole opinion of the writer and should not be taken as investment advice A recent re-test of the $17,610-level led to the perma-bears in the market rearing their heads with interest. However, to their disappointment, Bitcoin jumped back above $18,000 and it has maintained a position above...Read More
Bitcoin’s price hit an ATH of $18000 on November 18, 2020. Few hours prior to the price rally, open interest on top derivatives exchanges hit a new ATH of $6.4 Billion based on data from Skew. BTC Futures || Source: Skew Bitcoin futures have hit new highs previously, however interestingly every ATH has been closely...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice 16.78% and 48.22% – That’s how much Bitcoin has surged since 1 November and 1 October, respectively. Suffice to say, Bitcoin has been on a roll in the last quarter [since September – 34%]....Read More
Disclaimer: The findings of the following analysis are the sole opinion of the writer and should not be taken as investment advice Bitcoin’s dramatic surge to ~$16,000 was a good run, however, the fuel seemed to have exhausted itself, with the market’s bulls now running on fumes. At press time, BTC was trading at $15,142, $800...Read More
Bitcoin has registered a considerable surge of 40% over the last 4 weeks. This week, in fact, as of this writing, Bitcoin had surged by a significant 5.47% on the charts. Perhaps, the $14,000-level could be a local top and we might retrace. However, it is too soon to ascertain that without looking into the...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be considered investment advice Bitcoin looked bullish on the charts, with its price hitting $13,300. The cryptocurrency’s price movement meant that it was only 32% away from the top. It should be noted, however, that in many currencies, the...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be considered as investment advice Bitcoin‘s price movement over the previous week seemed to have formed a curve, one perhaps hinting at a potentially bullish pattern that could push BTC to $11,700. At press time, Bitcoin was trading at...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice After testing the resistance level at $11,731 on 13 October, the prevailing market trend took the world’s largest cryptocurrency well below $11,500. While the movement in question should have been minor, later corrections took...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin has surged by 8% over the last 48 hours, a figure that is not really uncommon to a volatile asset like Bitcoin. However, the surge included 2-3% candles with consolidation separating them. At...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be considered investment advice After CFTC brought charges against BitMEX for allegedly violating the Bank Secrecy Act, Bitcoin tumbled down the charts and fell by 4%. However, BitMEX took a much harder hit as its OI has since...Read More
Bitcoin has seen a considerable surge as of today and is up 2% in the last 24 hours. Based on buyers, the price could hit $11,000 $11,100 or crash down to $10,700. The sellers could drive it as low as $10,300 too. Today’s short-term price analysis takes a look at bitcoin on an hourly time...Read More
Bitcoin climbing to $10,700 may have been a fleeting moment since, at the time of writing, the price seemed to be dropping yet again below the aforementioned level. On a longer-term timeframe, it was bullish, but on a short-term timeframe, the price had just broken out of a bearish pattern at the time. Bitcoin 1-hour...Read More
Bitcoin’s on-chain metrics suggest that the market is overly bearish. This has been the case for most of 2020. Source: Coinmarketcap Up till now, on-chain metrics are considered a reliable source of data for predicting Bitcoin’s market sentiment and price. It is assumed that the Bitcoin Network needs sufficient on-chain volume in order to fuel...Read More
After being rejected under the $11,000-mark, the last 48-72 hours have seen Bitcoin survive a period of bearish turmoil. With the cryptocurrency’s price consolidating near $10,300 at press time, some degree of recovery was observed on the charts. However, the resistance at $10,412 continued to hold out. A look at Bitcoin’s charts revealed that a...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer Bitcoin’s rise from $10,000 to $11,000 was slow, but steady. However, of late, the market’s bulls seem to have run out of steam. The outlook for Bitcoin on the medium to long-term...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer Bitcoin was undergoing corrections, at the time of writing, over the shorter timeframe. After recording significant movement while also briefly re-testing the $11,100-mark, Bitcoin’s bullish momentum on the charts finally seemed to...Read More
Bitcoin’s surges, over lower time frames, are really good for scalps with tight stop-losses. However, doing so can also be equally risky. At the time of writing, Bitcoin was hovering around $10,550, with the world’s largest cryptocurrency eyeing the $10,600-mark and the levels above it. Bitcoin short-term price chart Source: BTCUSD on TradingView Over a...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer Clocking in at a low of $9,980 on the morning of 9 September, Bitcoin soon recovered by close to $600 in a matter of just 24 hours. However, despite the sudden bullishness,...Read More
Hodling as a strategy to drive up prices is still as relevant as 2016 and early 2017. A third of UK companies had stockpiled Bitcoin in 2016, well ahead of the anticipated bull run. Their reason was protection against hacking and ransomware attacks, however, the risk is higher with Bitcoin’s involvement. This Hodling incident was...Read More
Bitcoin’s latest price drop below its crucial support level of $11500 has once again re-ignited the question of ‘buying the dips’. However, not all dips are alike, and buying the dip may not always be your best bet. @CryptoWhale was among those who recently commented on the narrative of “buying the dip.” Source: Twitter Some...Read More
The descent in Bitcoin’s price has been drastic but at the time of writing, it was holding steady above the $10,000 level, something that, as we all know, is ephemeral. Bitcoin’s price wants to dip to the low-$9,000s and the same will happen eventually, however, until then, keeping your hands off trading would be good...Read More
