This past week has been one heck of a ride, and that’s by Bitcoin standards. After rising to over $19,000 for the first time since December 2017, teasing close to the ATH, Bitcoin crashed by nearly $3,000 in two days, and left the same old dinner conversation open – ‘Bitcoin’s too volatile to invest in.‘...Read More
After having struggled below the $10,000 mark for a long time, Bitcoin managed to go past it recently after it broke out of its rather long consolidation phase. While Bitcoin is often accused of exhibiting alarmingly high volatility, during the course of the past month, its volatility dropped substantially to the dismay of many traders...Read More
As Bitcoin’s downtrend begins to run out of steam and selling momentum, the first-ever crypto asset has been trading within an increasingly tightening trading range, between lows or $6,400 to highs of $7,600.But as volatility disappears from the cryptocurrency market, the next move, while not necessarily near, will be an extremely aggressive one according to...Read More
Over the past few weeks, Bitcoin (BTC) has finally started to slow, establishing $7,000 as support and $7,800 as heavy resistance; the cryptocurrency hasn’t broken above or below those boundaries for over 10 days.Analysts say that this tightening price action is much like a spring coiling, implying that Bitcoin will soon see a large price...Read More
