Bitcoin tries to break $40K second time in two days
After six weeks pacing between $30,000 and $36,000, BTC price is now hovering around $40,000 resistance once again in two days. Bitcoin’s (BTC) volatility made the headlines again after the original cryptocurrency briefly reclaimed its $40,000 mark before going back to $39,000 levels. Coming after a two-week-long bearish loom that started on July 15, this is the second time Bitcoin is trying to break $40,000 resistance in two days. Based on the data from Cointelegraph Markets Pro and TradingView, BTC witnessed a bull run for trading pair BTC/USD from 21 July that resulted in a spike of....
Related News
Five days ago, Bitcoin’s hashrate had shown improvement as it increased 15% over the course of ten days and today, the computational power remains above the 200 exahash per second (EH/s) region. Meanwhile, bitcoin miners caught another break on Thursday, as the network’s mining difficulty adjusted downward for the second time in a row, making it 0.35% less difficult to find a block reward.
Bitcoin’s Mining Difficulty Drops for Second Time in a Row at Block Height 727,776
At the time of writing, the computational power behind the Bitcoin (BTC) network is....
Bitcoin price is currently facing a monster resistance at $800-05 against the US Dollar. Let’s see if the BTC/USD pair can break it or not. Key Points. Bitcoin price remained below a major resistance area of $800-05 against the US dollar and facing sellers. There are a couple of bullish trend lines formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, acting as a support on the downside. A break and close above the $805 level could trigger more gains in the near term. Bitcoin Price Upside Hurdle. There were mostly ranging moves in Bitcoin price against the US Dollar during the....
Bitcoin price is moving inside a descending channel on its 15-minute time frame and is currently testing resistance. Bitcoin Price Key Highlights. Bitcoin price volatility has been subdued these days as traders are waiting with bated breath on developments in China. A few days back, top exchanges were prompted to halt client withdrawals in compliance with the government’s anti-money laundering crackdown. Bitcoin sold off sharply and is now trending lower on short-term time frames. Technical Indicators Signals. The 100 SMA is below the longer-term 200 SMA on this time frame so the path of....
YFI price can break above $50,000 if Bitcoin continues to consolidate in the near term. As Bitcoin’s (BTC) price has been consolidating in recent weeks, many other crypto assets started to show strength. This was largely expected since altcoins generally do better once BTC cools down. Lower volatility in Bitcoin means higher volatility for altcoins as the money flows from Bitcoin to altcoins. Ether (ETH), for example, is now looking to break its all-time high almost a month after Bitcoin's surpassed its own milestone. However, one of the biggest gainers in recent days is Yearn.finance....
Ethereum. A few days back I opined in this space that ethereum might be poised to rally as it was challenging resistance which I thought might break. It turned out that the resistance in question, the 1×1 angle, held. The red arrow shows where the market was at the time I wrote that piece. As you can see, the 1×1 was tested in 4 out of 5 successive 2-day candles, and was turned back each time. While a bit surprising that the angle survived so many assaults, it proves the adage that one should “never say never”, in this business. As of this writing, price is sitting on the 1st arc support,....