October seems to be a much better month for Bitcoin, considering the price staged a recovery that pushed the valuation above $11,000 for the first time since the beginning of September. At the beginning of the week, the main catalyzer for the move had been a Square news suggesting the
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While Cryptocurrency seems very promising for the future, there are currently major risks involved in using digital monetary systems (cryptocurrency). This has nothing to do with market volatility, but rather in the form of online scams. Thus, it is important to be cautious when carrying out any of these online
The price of Bitcoin started the week on a downward beat, mainly due to increased pressure on the stock markets. We’ve covered this topic earlier this week, but for the past three days, things had gradually changed, as buyers managed to cap the downside and erase some of the losses.
The new week is not encouraging for Bitcoin and the broad cryptocurrency market, as selling seems to have resumed once again. At the time of writing, Bitcoin is down 2.6% daily, trading near $10,600 on the Coinbase exchange. As we’ve mentioned in our last weekly crypto analysis, the $11,000 area
The selloff in Bitcoin had not extended further and the key $10,000 area was a strong enough support to motive buyers into getting back in the market. Considering the price had managed to break above the consolidation structure we’ve talked about in our last weekly crypto analysis, the prospects for
The conditions are not getting better for Bitcoin buyers, who must deal with the price pressure. Unfortunately, this week does not bring encouraging signs, as several conditions are not favorable for a continuation higher. Last week we’ve seen Bitcoin falling after a short-term deterioration of the bullish sentiment and now
Even though 9 days ago the Bitcoin price had finally broken above the key $12,000 resistance area, that wasn’t enough to spur more buying momentum. For the past week, BTC traded below that zone and yesterday had continued to slide, finding support around the 4h chart 200 MA. Last week
The exchange rate on the most liquid cryptocurrency bitcoin has been surging higher as COVID-19 has spread across the globe. Both young and older investors are looking for an alternative to stocks and bonds as central banks flood the market with liquidity. The rapidly rising fiscal stimulus is putting money
Since August 2nd, Bitcoin looks to have entered a consolidation phase, following a pretty decent move on the upside, The $12,000 mark seems to be the line in the sand for now, since bulls failed to break above it twice so far. Although we did not have any sign showing
The positive Bitcoin mood continues this week, given the price is now above $11,500 for the third day this year. After soaring past $11,000 last week, the momentum does not show any sign of weakening yet, as it can be noticed from the latest price action developments. The broad cryptocurrency