Tag Archives: btcusd

What a recovery. Bitcoin is only a few steps away from a full recovery since the March 12 collapse, which took place only six weeks ago and saw Bitcoin plunging to $3600 (BitMEX).The primary cryptocurrency had recently broken above at $7230. On the following 4-hour chart you can notice the mid-term descending trend-line’s breakout.Following the break, the 4-hour candle had wicked at $7750 (!), which was our highest mentioned target on our most recent price analysis.Despite the wick, we can...

Bitcoin is reducing its correlation with the stock market, and is transitioning towards gold’s performance, a recent Bloomberg report claimed. Amid the current COVID-19 crisis, both assets will outperform equities and emerge as the most substantial gainers.Bitcoin To Join GoldThe unexpected outbreak of the COVID-19 pandemic jolted world economies and financial markets. The cryptocurrency space was not exempt from adverse price developments. However, a recent Bloomberg document outlined that...

It’s safe to say that the last seven days were packed with action on all fronts. Bitcoin started the week trading at around $7,100 but fell to a low of around $6,800. The bears were for not, however, as yesterday BTC surged to a high of $7,780 in a few consecutive green candles. Naturally, the entire market followed with most of the large-cap cryptocurrencies charting serious weekly increases. Tezos is up more than 25% over the past four days while others like Ethereum, Chainlink, and Stellar...

BitcoinBitcoin went through a 6.23% price hike over the past seven days of trading as the cryptocurrency managed to push to a fresh April high at $7,700. The coin met resistance at $7,200 last week, which caused it to drop beneath $7,000 at the start of this week. It went on to find support at $6,800, where it rebounded.On the rebound, Bitcoin took out resistance at $7,000, $7,200, and $7,400 as it spiked as high as $7,780. It since dropped to the current $7,500 level, where it faces...

Binance, the world’s leading cryptocurrency exchange, is going through a scheduled system upgrade tomorrow. As it’s the largest exchange in the market, this might open a window for external players to move the prices more easily.Binance To Undergo Scheduled MaintenanceBinance is the world’s leading cryptocurrency exchange, and it is scheduled to undergo a systemwide update tomorrow, April 25th. The upgrade should take about 4 hours, and during this time, Binance will halt deposits,...

As the economic turmoil in Argentina continues to harm citizens and devaluate the peso, it appears that residents are turning to Bitcoin, instead. Recent data revealed that Argentinians are consistently increasing their purchases of the primary cryptocurrency.Argentinians Buy BitcoinArgentinians are spending more and more pesos on buying Bitcoin, indicated new information provided by the cryptocurrency analysis resource, Arcane Research. More specifically, the weekly volume on LocalBitcoins...

David Clifton was recently appointed Interim CEO of Bakkt by the board replacing previous CEO Mike Blandina who has only held the CEO position for less than four months.The move comes after Blandina replaced former CEO Kelly Loeffler during last December, as she opted to take a Senate seat for the state of Georgia.Mike Blandina had come into his role with high expectations having previously held roles at PayPal and Google. However, he didn’t hold in the position at the popular Bitcoin futures...

Bitcoin made a serious move in the past few hours as its price soared up to above $7,720 in just a few minutes. Legacy markets followed as the S&P500, the Dow, as well as gold and oil are all trading in the green.Bitcoin Price Surges to $7,700In a few quick hours, Bitcoin’s price marked a massive increase, surging up above $7,700 from about $7,060. The price has since retraced a bit as it’s currently trading around $7500, which is still about 5% on the day.BTC/USD. Source: BinanceAs it...

Bitcoin accumulation is on the rise in the past few weeks, according to new information. BTC hodlers are stashing more coins daily now than they did at any time in the last year.The question remains if the upcoming Halving scheduled to take place in May is the primary reason behind this, or is it something more.BTC Hodlers Increase Their PositionsPer data provided from the monitoring resource, Glassnode Insights, the primary cryptocurrency has seen lots of accumulation phases in the past...

Over the past days, after getting rejected at the $7300 price level, Bitcoin followed the global markets 2-day drop and fell straight to the $6800 support.Looking at the Bitcoin chart, we can see that the latter is also a significant 61.8% Golden Fibonacci level, as mentioned in our most recent BTC price analysis.Bitcoin nicely held that support, along with the 50-days moving average line – marked pink on the following daily chart. Yesterday, following the deep-green on Wall Street, Bitcoin...