The run-up to the May 2020 block reward halving will look nothing like the last two, says Willy Woo, as bearish sentiment characterizes markets. Bitcoin (BTC) barely managed to maintain $8,000 support on Nov. 19 as analysts warn the outlook for markets is increasingly bearish. Cryptocurrency market daily overview. Source: Coin360 Bitcoin sheds 3.7% overnight […]
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Bitcoin’s bearish price action has led many traders to set their sights on altcoins and this week a handful of tokens added notable gains. The United States Federal Reserve believes that stablecoins “could complement existing payment systems and improve consumer welfare” but the operators behind the digital assets will require constant oversight and regulation. The […]
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A sudden attempt to crack $9,000 resistance fell through on Friday, with Bitcoin coming full circle in less than an hour in brief volatility. Bitcoin (BTC) staged a dramatic breakout of its weekly trading corridor on Nov. 15, but selling pressure rejected an attempt to break $9,000. Cryptocurrency market daily overview. Source: Coin360 Bitcoin fails […]
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Fundstrat’s Tom Lee believes Bitcoin and other cryptocurrencies will hit major price valuations in the same manner that the tech behemoths did. Fundstrat’s Tom Lee believes Bitcoin (BTC) will accrue price value following a similar logic to the Silicon Valley tech titans. During an interview for CNBC’s Street Signs Asia on show on Nov. 15, […]
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Bitcoin price continues to drop as the 50 and 200-DMA cross but the current falling wedge pattern means bulls might have their target set at $9,100. Bitcoin (BTC) price continues to trend lower, marking 5 consecutive lower highs as the price makes a stairstep decline in a falling wedge. Interestingly, the pattern is interpreted by […]
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A slow losing streak continues to impact markets as Bitcoin shows little sign of bullish potential, still failing to overcome $9,000 resistance. Bitcoin (BTC) fell below $8,600 on Nov. 14 as its slow grind downwards continues to see new lows haunt markets. Cryptocurrency market daily overview. Source: Coin360 Bitcoin trends downwards at $8.6K Data from […]
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Bitcoin struggles against resistance at the 0.5 Fibonacci level after a brisk bounce off its 50-day moving average as support. Is a drop to $8,000 next? Bitcoin’s (BTC’s) price has been choppy since its October spike to $10,350, giving no clear indications of where its trend will head next. Overall, crypto’s pioneer asset has been […]
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While Bitcoin price action remains lackluster, altcoins are attempting to make a strong upside move. Although Bitcoin (BTC) is not showing any trending move, Bakkt and the Chicago Mercantile Exchange (CME) Group continue to roll out products designed to attract the large traders. Bakkt recently announced that it will add a cash-settled futures contract to […]
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The venture capital mogul highlighted the role of payment processors in helping boost Bitcoin price, which could reach millions of dollars. Bitcoin (BTC) could be worth millions of dollars after 2022 as payment processors allow easier transactions, Tim Draper has forecast. Speaking during a Q&A session at the Malta AI & Blockchain Summit last week, […]
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Another day of unremarkable price “ranging” for Bitcoin looks increasingly at odds with other cryptocurrency tokens, which saw up to 13% gains. Bitcoin price (BTC) continued its daily trading pattern on Nov. 13, hovering just under $8,800 after losing support at $9,000. Cryptocurrency market daily overview. Source: Coin360 Bitcoin tracks sideways below $9K Data from […]
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