The Bitcoin momentum continues to deteriorate as the week is getting close to an end since the price dropped below $30,000 and found some short-term support around $28,800. This represents the largest selloff since March, as a series of fears are dragging on the bullish sentiment. Even though last week
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It was the first week of impulsive selling for Bitcoin seen in months, as the market finally reached a tipping point. During the past several weeks we’ve warned that a dip will very likely occur, given the extreme overbought conditions. However, even if the selloff unfolded, it didn’t take long
Nothing seems to be stopping the BTC buying mania and as a result of positive flows, the price action edges higher parabolically, breaking all-time highs one after the other. A few hours ago, the price broke above $28,000, and even though it found some short-term selling above that area, the
The Bitcoin price continues to impress and after breaking above the 2017 high, an overshoot occurred, driving valuations to levels not seen before. At the time of writing, BTC is trading little above $23,000, a level that would have seem impossible several months ago. The rally is unprecedented and does
There had been a muted activity in the Bitcoin market so far in December as the buyers are now looking to take a break following the impulsive run higher that started in September. In the absence of ground-breaking news and muted US dollar performance, there wasn’t enough incentive to push
Another week another record for the Bitcoin price and this time the price action not only reached a new 2020 milestone but also managed to briefly touch a new all-time high on the Coinbase exchange. On the back of US dollar weakness, the largest cryptocurrency continues to march higher and
The SEC’s Chairman Jay Clayton was recently interviewed on the CNBC show Squawk Box and among the topics discussed, Bitcoin had been one of the main highlights, considering the role of the regulator during the past few years. Even though the Securities and Exchange Commission continues to advocate for more
The Bitcoin rally continues to be relentless, even though other asset classes had been more volatile during the past two weeks. During the past three hours, the BTC price briefly broke above the $16,000 setting a new November and 2020 high. The positive market momentum is encouraging for buyers, even
The month of October had been quite a ride for Bitcoin, considering its price surged towards $13,860, defying all worries related to COVID-19 or the US election. As we’ve seen in our previous article, the crypto market decoupled from stocks and managed to post a much better performance, at a
The price of Bitcoin had continued to rise this week and by the time of writing, it managed to reach $12,200 on the Coinbase exchange, close to breaking the mid-August highs. As we’ve mentioned in our last weekly crypto analysis, breaking above a short-term triangle pattern could unlock new upside
