Category: Bitcoin

Whales on the world’s largest bitcoin margin trading platform BitMEX are selling large amounts of BTC. After the rejection at $9,200, investors are seemingly moving towards hedging their holdings to brace for a bigger pullback. According to a platform that reports unusually sizable sell orders on BitMEX, many whales sold millions of dollars worth bitcoin in the past 24 hours. BitMEX $BTC Whale:$10,000,000 worth of #Bitcoin sold at $8,655.18 01:47:54 2020/01/20| 💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰 So scared right now — WhaleTrades 🐳 (@WhaleTrades) January 20, 2020 One particular whale, which refers to an…

Bitcoin is currently consolidating above the key $8,500 support area against the US Dollar. BTC price could start a fresh rally if it clears the $8,800 resistance area. Bitcoin price is confined in a range above the main $8,500 support against the US Dollar. The bulls are facing hurdles near the $8,760 and $8,800 resistance levels. There is a key contracting triangle forming with resistance near $8,720 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either rally above $8,800 or start a downside…

Although almost the entire cryptocurrency industry started 2020 with big price increases, one has stood out above the pack. Bitcoin SV (BSV) kicked off the year at below $100 and now trades for more than $300. Whereas most digital currencies have traded sideways over the last 24 hours, Bitcoin SV is gaining in market capitalisation once again. However, at least one market analyst believes the dramatic price pumps are anything but organic. Bitcoin SV Bucking the Trend Again, But Where’s the Buying Pressure Coming From? Whether you like it or…

Bitcoin is enjoying fresh gains at the start of 2020 as investors continue to speculate on its potential adoption against a series of geopolitical and macroeconomic letdowns. The benchmark cryptocurrency on Sunday surged beyond $9,000 for the first time in three months, up by 28.32 percent since the start of the year. The gains came as a part of a wider upside momentum that started lat last year. In total, the price rebounded by 43 percent after establishing $6,430 as its local bottom in December 2018. A strong uptrend leads…

Coming into the first quarter of 2020, offbeat asset bitcoin is already proving to be the year’s best investment. The benchmark cryptocurrency’s upside run has returned roughly twenty-fold returns in January. Its rate peaked at over $9,190 on Coinbase exchange on the 19th. In comparison, it was trading at a mere $6,300 on December 18th, 2019. Many in the finance industry believe that the ongoing bitcoin price rally is a farce – a classic speculative bubble that would sooner or later leave investors under sizable losses. That includes a famous…

Bitcoin failed to extend gains above $9,200 and started a downside correction against the US Dollar. BTC price tested the $8,500 support and it could bounce back. Bitcoin price is down more than 5% from the $9,186 high against the US Dollar. The $8,500 support area could play an important role in the coming sessions. There was a break below a major ascending channel with support near $8,830 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either bounce back from $8,500 or extend…

The bitcoin price dropped by six percent from $9,060 to $8,505 across major crypto exchanges including Binance in just five minutes. It is the steepest drop in terms of time to decline percentage ratio at least in the past two months. What caused the bitcoin price to drop so suddenly? The biggest catalyst for the abrupt drop in the bitcoin price within a span of minutes is most likely the liquidation of over-leveraged longs. The bitcoin price increased by 24 percent within the past 13 days, and technical analysts anticipated…

Bitcoin is climbing steadily above $8,800 and $9,000 against the US Dollar. BTC price could start a massive rally towards $10K and $11K if there is a daily close above $9,300. Bitcoin price is gaining momentum above the $9,000 resistance area against the US Dollar. A new 2020 high is formed near $9,185 and the price could continue to rise. There was a break above a crucial declining channel with resistance near $8,475 on the daily chart of the BTC/USD pair (data feed from Kraken). The pair is now facing…

After Bitcoin (BTC) rocketed from $3,000 to $14,000 in the span of six months, analysts have been sure that the cryptocurrency would never revisit the $3,000s again. Indeed, the logarithmic price curve that has contained the asset’s price action for the past decade predicts BTC will never again hit $3,000. But, there have been a few analyses projecting that it may only be a matter of time before such low levels are visited once again. And one of these recently gained some steam on Crypto Twitter. Could Bitcoin Revisit $3,000s…

Bitcoin is technically still in a bearish trend. It is down by more than 30 percent since the 2019 yearly high when it surpassed $13,000. This month will decide whether BTC enters a new extended bull market or falls back into a bear market. It all depends on the monthly close of bitcoin on January 31, 2019 For the first time since July 2019, the bitcoin price is set to end a full month with a higher low. For six consecutive months, the bitcoin price recorded a lower low, which…