Bitcoin price spiked above the $56,000 resistance against the US Dollar, but it failed to continue higher. Bitcoin remained stable above the $53,000 support zone and it extended its upward move. A high is formed near $56,490 and the price is now correcting lower. Bitcoin almost tested the 23.6% Fib retracement level of the recent […]
Bitcoin price started a fresh increase above the $56,500 resistance zone against the US Dollar. This past week, bitcoin price settled above the key $55,000 pivot level against the US Dollar. It climbed above the $56,500 resistance zone and settled well above the 100 simple moving average . There was a break below the 23.6% […]
Former Central Intelligence Agency computer consultant Edward Snowden talked in the Ethereal Virtual Summit 2021. A clip of the Summit was shared by Alex Gladstein, Chief Strategy Officer for the Human Rights Foundation and Oslo Freedom Forum, via his Twitter account. Snowden said that Bitcoin has failed in this category and its potential upgrade, Taproot, […]
However, I wouldn’t call it the world record, since on SHA-256 PoW base ILCOIN had already reached 5 GB blocksize on the live net in November 2019. Of course, I can understand that BSV’s opinion is that ILCOIN has nothing to do with Bitcoin and their result is important, since they achieved it on the […]
He claims Bitcoin’s base of capital has been increasing with a price action and supply distribution uncommon of local tops. In addition, BTC’s Realized Cap HODL Waves, which measures the supply’s age distribution or the amount of time a percentage of the supply has been traded, just barely reached its first peak for this bull-run. […]
Although Citi has only signaled an interest at this time, a new custody initiative backed by Fidelity could soon see hundreds of U.S. Citi’s Global Head of Foreign Exchange, Itay Tuchman, said the company is thinking about entering the Bitcoin market. Tuchman said no decision had been made as to whether it would offer crypto […]
Bitcoin price extended its decline below the $54,000 level against the US Dollar. There was also a close below the $54,000 level and the 100 hourly simple moving average. There was a break above the 23.6% Fib retracement level of the downward move from the $56,545 swing high to $52,375 low. There is also a […]
When comparing past bull market cycles and their pausing points using a “parabolic” indicator, the tool confirms that the recent advance has been broken. Technical analysis indicators often involve multiple strategies using the same tool. When price action returns to pierce through the dots, it is a signal the trend has stopped and reversed – […]
Bitcoin failed to clear the $58,500 resistance and corrected lower. Bitcoin climbed above the 50% Fib retracement level of the downward move from the $58,550 swing high to $56,112 low. It is now trading well above the $56,000 level and the 100 hourly simple moving average. The pair is now consolidating just above the 76.4% […]
Bitcoin price started a fresh increase above the $55,000 resistance zone against the US Dollar. This past week, bitcoin price remained stable above the $52,500 support zone against the US Dollar. There was a spike above the $58,000 level, but the price struggled near the $58,500 zone. There was a break below the 23.6% Fib […]
Litecoin is trading at around $200… still. Few coins have had as difficult of a time recovering since the last bull market as Litecoin has. The rise in Bitcoin but subsequent stagnancy in Litecoin, has caused the altcoin to absolutely nosedive in terms of the LTCBTC trading pair. After Litecoin peaked, it spend nine full […]
At the core of his bullish analogy was a classic technical pattern brewing up on the BTC/USD daily chart. Based on the analyst’s technical outlook, Bitcoin trades inside a consolidation wedge, a pattern that developed after the cryptocurrency started trading sideways upon logging a massive move upside. The upside outlook surfaced on the day that […]
In yet another bullish announcement for Bitcoin this week, banking giant Morgan Stanley has filed a document with the Securities and Exchange Commission to gain exposure to BTC. In fact, during the entire month of March, the GBTC premium turned negative and reached a low of approximately -10%, as research firm Skew registers. A few […]
Even as the bitcoin market shows signs of bullish exhaustion after logging a 1,500-percent-plus upside move in the previous 13 months, all is not lost. The analogy appears out of a chart from Glassnode, a blockchain analytics firm that determines Bitcoin’s market bias based on on-chain indicators. The red bars in the chart above reflect […]
Bitcoin price extended its decline and tested the $55,500 support against the US Dollar. Bitcoin struggled to restart its upward move above the $58,000 zone, resulting in a bearish move. There was also a break below a key contracting triangle with support near $57,450 on the hourly chart of the BTC/USD pair. It is now […]
The start of a breakout through resistance might have began with last night’s historic weekly close – the highest ever recorded. Bitcoin price has poked above $60,000 dozens of times now, yet has been unable to hold strong above the clearly strong resistance level. The first signs that new highs could be near, is the […]
Bitcoin price is now below $50,000 for the first time in a month, and despite the still-high prices the market is in a panic. Rewind to only just a week or so ago, and full blown exuberance was in the air. Things have certainly been going well for the asset class, garnering support from brands […]
The reason for such skepticism, is the fact that these predictions only work to increase probabilities, and the practice never a perfect process. And it also comes from chart patterns that can change shape even when Bitcoin is at first behaving as expected. The problem is, is that the pattern has since morphed into a […]
Bitcoin formed a support base above the $57,000 level and recently started a fresh increase. There was a break above the $58,500 resistance zone and the 100 hourly simple moving average. It is trading just below the 23.6% Fib retracement level of the recent wave from the $56,810 low to $59,467 high. An initial support […]
Bitcoin price is back below $55,000, unable to keep its bullish momentum it had leading into the Coinbase Global listing. That’s exactly what happened that took Bitcoin from under $12,000 to more than $64,000 in a matter of months. After several candle closes below the SMA, a fall to the lower Bollinger Band is the […]