Blockchain is the most booming technology of our time, with implementation across various industries such as health care, supply chain management, games and entertainment, and so on. They have the great ideology of making the world better for all communities by using blockchain technologies. They invest by scaling the renewable power plants to a size […]
There was a break above the 23.6% Fib retracement level of the main drop from the $66,350 swing high to $58,630 low. On the upside, an immediate resistance is near the $60,700 level. It is close to the 50% Fib retracement level of the main drop from the $66,350 swing high to $58,630 low. If […]
Bitcoin price failed to settle above $65,000 against the US Dollar. There was a major decline below the $65,000 support level and the 100 hourly simple moving average. Besides, there was a break below a major rising channel with support near $64,400 on the hourly chart of the BTC/USD pair. It is close to the […]
There was a clear break above the $65,000 resistance and the 100 hourly simple moving average. Besides, there was a break above a key bearish trend line with resistance near $65,000 on the hourly chart of the BTC/USD pair. It is close to the 61.8% Fib retracement level of the main decline from the $68,762 […]
Bitcoin ATMs are kiosks that allow a person to purchase Bitcoin and other cryptocurrencies by using cash or debit card. The thieves stole the machine in a raid on a cryptocurrency exchange outlet in a wealthy Barcelona neighborhood. According to the news agency, police sources said thieves took the ATM from a shop on Beethoven […]
Did Steve Hanke find a way out of the hole he’s been digging himself into for all these years? The economist holds the world record for the person with the highest number of terrible Bitcoin takes, with almost 13 years of failed predictions. He also said, “Ethereum is giving Bitcoin a run for its money,” […]
Likewise, it can show when investors are holding on to their bags and expecting the price of the digital asset to rally. This has shown investor sentiment to be in the positive regarding the future of the asset, hence they are less willing to let go of their holdings in the market. A recent report […]
Bitcoin price started a downside correction below the $66,000 pivot level. There was a clear break below the $65,000 support and the price even spiked below $64,000. Bitcoin climbed above the 23.6% Fib retracement level of the key decline from the $68,990 swing high to $62,700 low. It is close to the 50% Fib retracement […]
Bitcoin price is in price discovery mode, after breaking its former high set earlier in the year. Cryptocurrencies, commodities, and everything else are priced in dollars as the most dominant currency acting as the base conversion rate. The highs in the DXY could be indicative of weakness in the currencies in the basket, or strength […]
There was a clear break below the $65,000 support and the 100 hourly simple moving average. There was a recovery wave above the 23.6% Fib retracement level of the recent decline from the $68,991 swing high to $62,700 low. The first major resistance is near the $65,000 level and the 100 hourly SMA. It is […]
The record opening was quickly replaced by lackluster momentum that saw institutional investors pull out of the market, likely owing to the asset touching a new all-time high and traders taking gains. But since then, institutional bitcoin open interest has been on the decline, thanks to dying interest in the bitcoin ETFs. Traders had massively […]
BTC extended its rally above the $66,500 and $67,000 resistance levels. There was a break below the 50% Fib retracement level of the upward move from the $65,200 swing low to $68,495 high. However, bitcoin still trading above $65,000 and the 100 hourly simple moving average. A clear break above $68,000 resistance may possibly call […]
Bitcoin price remained well bid above the $60,000 support zone. The bulls even pumped the price above the $65,000 level and the 100 hourly simple moving average. Bitcoin is trading well above the 23.6% Fib retracement level of the upward move from the $60,129 swing low to $65,681 high. A clear break above $66,000 resistance […]
Mainly, Thiel says, this has been due to the staggering inflation rates that the country has been experiencing following the pandemic. This lines up with general sentiment towards the financial markets. Thiel was present at the second National Conservatism Conference where he expressed displeasure at the way the Fed has been approaching rising inflation in […]
After printing a green candle in the low of its current levels, Bitcoin seems well underway to resume its bullish trend. Jarvis also noted no variation in derivatives funding rates, but a rise in Open Interest . In higher time frames, Bitcoin and the crypto market in general display bullish fundamentals and two major drivers, […]
Bitcoin price attempted an upside break above the $62,500 resistance level. There was also a break below a key bullish trend line with support near $61,500 on the hourly chart of the BTC/USD pair. The pair even spiked below the 50% Fib retracement level of the upward move from the $58,140 swing low to $62,950 […]
There was a break above a key bearish trend line with resistance near $56,500 on the hourly chart of the BTC/USD pair. Bitcoin surpassed the 76.4% Fib retracement level of the key drop from the $57,835 swing high to $54,020 low. It is near the 1.236 Fib extension level of the key drop from the […]
With a 31.6% profit in the weekly chart, Bitcoin has been retaking his mantle as the king of the crypto market during the past days. At the time of writing, Bitcoin trades at $54,659 with a 1% profit in the daily chart. In that sense, 71.1% of the Bitcoin long term holders are in profit […]
Bitcoin bulls are back in charge, so to speak. The conclusion has been made for us all, depending on what the Average Directional Index is currently saying about an asset – in this case the top cryptocurrency by market cap. In technical analysis, a reading on an indicator either is or it isn’t – meaning, […]
The price declined below the $60,000 support level and the 100 hourly simple moving average. The price surpassed the 50% Fib retracement level of the downside correction from the $62,887 swing high to $58,888 low. There was also a break above a major bearish trend line with resistance near $60,850 on the hourly chart of […]