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2h

Bitcoin’s Weekend Bullish Rebound is “Fakeout,” Analyst Explains Why

Bitcoin rose during the weekend and continued trading upwards on Monday as traders weighed its bullish prospects against a tanking US dollar. But to one analyst, the ongoing upside move risks exhaustion as the week matures. Marc Principato, executive director at Green Bridge Investing, said Bitcoin might still head towards $16,000, a support level...

3h

Analysts Think Bitcoin is Running Up Against a Key Resistance Level

Bitcoin has finally begun to strongly recover since last week’s lows near the $16,200 region. In the past 48 hours, the coin surged from the $17,000 region to $18,500 — the highest the coin has traded at in many days. Analysts are mixed over what comes next for Bitcoin. Some think that this rally is a precursor to new highs. Others think that the coin...

4h

Bitcoin Weekly Outlook: A $20K Retest Likely as Dollar Hits 2018 Low

A remarkable rebound this weekend has put Bitcoin back en route to $20,000, its record high to date. The flagship cryptocurrency still closed the week in red, down 1.28 percent on the whole. Many factors contributed to its decline, primarily profit-taking as its price logged a three-year high at $19,500. Meanwhile, rumors about US Treasury Secretay...

6h

Here’s the Bitcoin Price that “All the Key Levels” are Currently Pointing To

Bitcoin and the aggregated cryptocurrency market are currently pushing higher, with bulls moving to erase all of the losses that came about as a result of the recent selloff The selling pressure seen around its all-time highs in the mid-$19,000 region was unsurprising, but it may not hold strong during the next test of this level Traders believe that...

16h

Ethereum’s Rebound is “Getting Tired” as Analyst Eyes Move to $520

Ethereum has been climbing higher today alongside Bitcoin and the rest of the crypto market The strength seen as of late comes as Bitcoin puts some serious distance between its recent lows and its current price levels This indicates that bulls are in full control and are looking to form a “V-shaped” recovery that could allow for significantly further...

18h

Bitcoin Claims Crucial Level, But Break Below It Could Lead to $16,000

Bitcoin has been caught within a strong uptrend in the time following its recent selloff, with bulls largely absorbing the inflows of selling pressure After reeling down to lows of $16,400, the cryptocurrency faced a massive rebound that has now led it past $18,000 Its present momentum is showing few signs of slowing down, and there’s a strong possibility...

20h

Analyst Who Predicted Bitcoin’s 2018 Lows Says Another Drop Is Likely

Bitcoin has undergone a strong drop since the highs of $19,500 seen last week A historically accurate analyst says that further losses are likely for the cryptocurrency The analyst shared a chart showing that Bitcoin is likely in the midst of trading in a dead cat bounce prior to further losses He cited the Elliot Wave form of technical analysis,...

1d

Bitcoin Could Be Mirroring This Extremely Bullish Gold Fractal from the 1970s

Bitcoin is currently caught within a strong upswing following its recent selloff Bulls are pushing the crypto towards $18,000 as they move to erase its recent losses Where it trends next will depend largely on how sustainable this ongoing move higher is One investor is now noting that a gold fractal from the 1970s seems to indicate that this selloff...

1d

Ethereum’s Technical Outlook Strengthens as Market-Wide Recovery Begins

Ethereum has been closely tracking Bitcoin’s price action throughout the past few days and weeks, which has led it to see some immense turbulence as of late Just two days ago, the benchmark cryptocurrency faced a rejection at its all-time highs that resulted in it reeling from $19,500 to $16,400 This selloff was the most intense one seen since this...

1d