Breakdown Over? Bitcoin Indicators Suggest Price Outlook Is Improving

22 hours ago admin2 0
Bitcoin looks to have fought off a recent bear market breakdown that saw prices landing just above the yearly low of $5,755. Bitcoin dropped to $5,858 yesterday at 02:00 UTC, just $103 shy of this year’s bottom, according to Bitfinex data. The suffering has been even worse for much of the altcoin market, some of Read More

Under Pressure: Bitcoin Price Could Defend $5.6K, Charts Say

2 days ago admin2 0
Down two-thirds from its December all-time high of $20,000, bitcoin (BTC) now risks printing fresh 2018 lows below $5,755. The corrective rally seen over the weekend failed to penetrate the key rising trendline hurdle of $6,480 on Monday, allowing the bears to make a strong comeback. As a result, the leading cryptocurrency fell below $6,000 Read More

Below $200 Billion: Crypto Market Sinks to New 2018 Low

2 days ago admin2 0
Falling prices have sent the total market capitalization of all cryptocurrencies back below $200 billion. Data from CoinMarketCap shows the total market cap slid to $189 billion on Tuesday, a move that follows successive days of market declines. The market cap first rose above $200 billion in November 2017, a development spurred at the time Read More

Bitcoin’s Price Falls Below $6K to Near 2018 Low

2 days ago admin2 0
The price of bitcoin fell below $6,000 on Tuesday, a move that brought the world’s largest cryptocurrency within 2 percent of its 2018 low. At press time, bitcoin is trading hands at $5,922, printing a 5 percent 24-hour depreciation, according to the CoinDesk Bitcoin Price Index, up slightly from a low of $5,785 set June 24. Read More

Crypto Trading 101: Simple Charting Patterns Explained

3 days ago admin2 0
In the world of crypto trading, recognizing patterns can yield more than insights. In fact, this skill is what traders use to determine the strength of a current trend during key market movements and to assess opportunities for entries and exits. In short, patterns can be useful in determining which direction price is likely to go. Further, Read More

Today’s Close Could be Pivotal for Bitcoin’s Price

4 days ago admin2 0
Bitcoin’s (BTC) close today will likely decide the short-term trend in prices. The leading cryptocurrency snapped a three-day losing streak on Thursday as the 26 percent sell-off witnessed in the last three weeks was looking overstretched. What’s more important is that BTC traded yesterday within the high and low range of the previous day, indicating Read More

Crypto Trading 101: How to Read an Exchange Order Book

5 days ago admin2 0
It takes two to tango in the world of crypto trading, where a dynamic relationship between buyers and sellers is always on display in something called an order book. A tool that visualizes a real-time list of outstanding orders for a particular asset, order books represent the interests of buyers and sellers, offering a window into Read More

Say Hello to SmartDrops: The New Way to Give Away Crypto Money

1 week ago admin2 0
Are airdrops useful? While the jury’s still out about the mechanism, used of late to massively distribute crypto tokens to those who already own cryptocurrencies, several industry observers and startups already believe it could be done better. The concept of “smartdrops” seems to have garnered some attention after a July Medium post by Yeoman’s Capital founder and Read More

Bitcoin Bulls Defend $7,450 But Need Progress Soon

2 weeks ago admin2 Comments Off on Bitcoin Bulls Defend $7,450 But Need Progress Soon
Having defended the key support of $7,455, bitcoin bulls now need a quick move higher in order to neutralize the threat of a short-term bearish reversal. As of writing, the cryptocurrency is trading at $7,560 on Bitfinex – down 11 percent from the recent high of $8,507, as per Bitfinex data, but is still up Read More

Bitcoin Retains Bull Bias Despite Price Drop to Below $8K

3 weeks ago admin2 Comments Off on Bitcoin Retains Bull Bias Despite Price Drop to Below $8K
Bitcoin’s (BTC) drop below $8,000 yesterday may have tempered the positive mood in the market, but the broader outlook still remains bullish, technical charts indicate. The overnight drop in price came soon after the Securities and Exchange Commission’s (SEC) second rejection of the Winklevoss brothers’ application for a bitcoin ETF. While the decision may have Read More