Bitcoin Ethereum Merge was expected to create volatility in the crypto space, and now even after the merge is completed it appears like the crypto market has nothing to do with it. However, the world’s first cryptocurrency, Bitcoin, is going ahead with its downward moment. It was on September 13 that Bitcoin saw a price down after hitting $22,799 and also formed extreme bearish momentum. This downfall saw Bitcoin testing $22,670 as a resistance area along with RSI plunging below 50. As per the reports, if Bitcoin continues with the same trend, BTC may plunge into the $19,000 area Bitcoin […]

As its price fell towards the end of August, Bitcoin [BTC] had a difficult time. But September has brought some brighter days, as the cryptocurrency’s last seven-day performance did not see much downside. The cryptocurrency market is anticipating the Ethereum merger, but it seems like Bitcoin is having trouble gaining traction. BTC oscillated back and forth around the $20,000 level over the last few days, casting doubt on the possibility of a short-term Bitcoin bottom. Crypto researcher ali martinez ali martinez Ali [email protected] TraderMarket Analyst Followers : 0 View profile noted in a tweet on Friday that, according to information […]

Currently, Bitcoin is on a bumpy ride as the world’s first cryptocurrency has been switching between $19,000 and $20,000 price area. Even the last week’s price action wasn’t as eye-catching as most of the days the currency was on a red candle. At the time of publication, Bitcoin is selling at $19,711 after a fall of 2.61% over the last 24hrs. Currently, the flagship currency’s troubled days may not find their end anytime soon.  Though the market has reversed its stance, crypto experts and strategists have given their predictions based on their analysis. Among such analysts, CryptoQuant author, Maartunn claims […]

Bitcoin found support near $20,750 against the US Dollar. BTC is correcting gains, but it is facing resistance near $21,500 and the 100 hourly SMA. Bitcoin found support near the $20,750 after a strong decline. The price is now trading below the $21,500 level and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $21,270 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could recover higher if there is a clear move above the $22,000 resistance. Bitcoin Price Struggles Bitcoin price gained bearish momentum […]

On August 15, the Bitcoin price touched $25,000 before sliding down towards the $24,000 range. Since then, the flagship currency has been facing a ‘pendulum’ price action movement. While market participants remain hopeful of an uptrend, the price stands on shaky grounds at the moment.  Previously, Bitcoin critic Peter Schiff had predicted that the flagship currency was about to crash because he believed that the bearish market would pull down BTC all the way to the $10,000 level. Just to put the #Bitcoin rally into perspective, take a look at this chart. The pattern remains very bearish. There’s both a […]

Mike McGlone, the senior commodity strategist at bloomberg bloomberg MediaConglomerate company Followers : 0 View profile , believes that Bitcoin, the most popular cryptocurrency, is still on course to reach $100,000. In the second half of 2022, oil prices will continue to fall. The U.S. Federal Reserve is likely to stop raising interest rates as a result of declining petroleum prices, which will likely indicate worldwide deflationary trends. Inflation expectations have fallen in the United States across all time horizons, according to a recent survey by the Federal Reserve Bank of New York. Such macroeconomic factors could increase gold prices. […]

Bitcoin Bitcoin(BTC) pierce at the press time is trading around $23,088.04 with a drop of 1.82% in the past 24 hours. While the asset has recorded marginal gains in the past 7 days of 0.24% and surged more than 17.93% in the past 30 days. The market cap is also heading strongly towards $450 billion, currently residing at $441.25 billion with a daily trading volume of $24.36 billion. Bitcoin (BTC) Price Analysis BTC price ever since dropped hard during the mid-June rebounded and trading within ascending parallel channel The asset experienced a couple of rejections, in attempting to breakout form […]