Analyst: Bitcoin is Likely to Slowly Bleed Towards $8,550 Before Rebounding
It has once again been a turbulent overnight trading session for Bitcoin The benchmark cryptocurrency plunged as low as $10,200 yesterday afternoon before bulls stepped up and slowed its descent The rebound from these lows led it to kick off a slight uptrend that has reversed the majority of yesterday’s losses Analysts are now noting that its near-term trend may depend largely a few key factors It is important to note that the majority of […]
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If you were asleep last night - and let's be honest, most of the population was - you probably missed what happened to the price of Bitcoin. It dived. The price per coin reached a low of $175USD at about 4AM Eastern Time at Mt. Gox, rebounding to a high of $211USD in the past three hours. What a ride! Some saw the opportunity to scoop up extra coin during the dip, but it doesn't appear as if this event caused a panic sell by any stretch, given the aforementioned rebound. It is likely that those who took advantage of the dip were those in China, bringing that price right back up. It's not....
As Miner Capitulation in the crypto market slowly comes to an end, a crypto analyst maintains an optimistic future outlook on the price of Bitcoin (BTC), the world’s largest cryptocurrency. The analyst has set a massive $200,000 price tag for BTC, marking a new all-time high for the pioneer cryptocurrency. Bitcoin Price Set To Hit […]
Mt. Gox has managed to start a bit of a panic, haven't they? The company issued a statement this morning blaming a bitcoin bug for their halting of withdrawals, and says they will continue to prevent withdrawals so long as the bug exists. Except many in the community, including core developers have been aware of the issue for years, and have deemed it a "non-issue", so to speak (see the post linked above). A bit after 6AM on Monday (Eastern US time), the price per bitcoin sunk to a low of $500 at Mt. Gox - the lowest it's been all year. At Bitstamp, it hit a low of $530. The price is....
It all seemed to start with the dip of Bitcoin, with many people point due to the fact Ethereum liquidated 2500 Bitcoins, to raise funds for their project. Everyone was used to dumps like this, and thought Bitcoin would rebound. But nope, slowly volume increased and price decreased, and subsequently Litecoin and Darkcoin fell. But just the liquidation of 2,500 Bitcoins all at once couldn’t have done this. For example, look at this flash crash on one Bitcoin exchange that happened yesterday, hitting to a low of $309. Bitcoin wasn’t hit as hard as the other two mentioned coins, with Bitcoin....
The crypto market is still trying to recover from its crash in early March, and sentiment is currently fluctuating. Although the Fear & Greed Index is still in the fear zone, the Bitcoin price is now slowly pushing back toward $90,000, which has been slowly changing the sentiment among altcoins. Rekt Capital, an influential analyst on X, reignited hope for an incoming altcoin season with a key technical signal. According to the post, a breakout in the altcoin market cap could soon take shape if one critical condition is met. The analyst shared a chart and commentary suggesting that the....