Here’s Why This Break Above $12,000 is Different from Past Bitcoin Rallies
Bitcoin’s price has seen some significant momentum throughout the past few days The cryptocurrency is currently trading at the highest price it has been at since before the summer rally came to an end This momentum appears to be the result of a confluence of different factors, including growing BTC adoption amongst corporations Just today, PayPal announced that they are planning to rollout cryptocurrency buying, selling, and storage features to all of their users Bitcoin, […]
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Uniswap’s UNI token has been closely tracking Bitcoin and the entire crypto market over the past few days and weeks, but this correlation is beginning to break as it bucks the downtrend seen by BTC over the past 24-hours and rallies higher. One reason behind its slight upswing seen today may be the recent OKEx […]
Dogecoin price has been on the rise for the past day. While the meme coin is prone to rallies like this, there has been an obvious reason. Dogecoin had received a nod from finch company Bitcoin of America after it announced that it would be adding the meme coin to the list of cryptocurrencies supported […]
Bitcoin had successfully flipped the $47,000 level this week. A welcome change after the digital asset had spent a long stretch of time plagued by low momentum. It officially signaled a break out of the consolidation of the past two-and-a-half months. Now the real work begins as bears have begun mounting significant resistance to keep the cryptocurrency from breaking above $50,000. The Point To Beat Although Bitcoin continues to hold above $47,000, there is still a lot of opposition to the digital asset in this region. $47,500 remains a technical level that has shown itself throughout....
Bear market rallies look to be playing out for both the S&P 500 Index and bitcoin. How high can the rally go? What do historical rallies look like?
Here's a look at what we are focusing on in the bitcoin price this evening. Well, this is getting a bit frustrating. Price seems to want to weigh to the downside, even though we want it to hit 800 so much. Shows how much influence we have. The chart below shows action during the European session today. It’s basically gone as follow: break, consolidation, break, consolidation. We’re currently trading just ahead of the 740 mark, and it’s looking like sentiment is very much to the downside right now. Not too much of an issue for our intraday operations, but a little frustrating on the longer....