Category: Bitcoin

Aside from Bitcoin, there’s almost no other crypto asset that has been talked about as much as the Satoshi Vision fork (BSV) over the past week. The past seven days for the now-fifth largest cryptocurrency by market capitalization have been rather tumultuous, with the cryptocurrency starting the week off flat to explode higher from just above double digits to a high of $440, representing a nearly 200% rally in three days. But as fast as the asset has rallied, so too has it collapsed. As of the time of writing…

The bitcoin price is up by 10 percent in the past four days and after such a big rally, a short-term pullback follows. But, a top trader says it will take a lot for short sellers to hunt for longs in this environment, which could push BTC for an ever bigger rally. It will be hard for shorts to hunt longs, maintaining bitcoin momentum As one well-known trader pointed out, even if an investor longed bitcoin near the top in the $8,900 to $9,000 range, the liquidation price would likely…

If you’ve spent any time browsing crypto Twitter, or any of the Bitcoin or crypto-focused communities on Reddit, there’s no doubt you’ve come across investors challenging traders sharing charts filled with trendlines, saying that “technical analysis doesn’t work.” While technical analysis does not guarantee success, it can certainly increase the probability of it. However, any bias – something that is ever-present throughout the crypto market – must be removed to accurately get a read on the market. Let’s take a look at how bias can interfere with technical analysis, and…

The bitcoin price rose to as high as $8,916 across major cryptocurrency exchanges like BitMEX and Binance on January 15. Since then, BTC fell by three percent in a typical short-term top formation. Lower time frames indicate a double top structure, which normally suggests that the asset tried to break above a key resistance level twice in a short time frame and failed. $8,900 has acted as a heavy resistance level since late October. BTC has breached that level for the first time since mid-November, 2019. What’s next for bitcoin…

Bitcoin struggled to break the $8,900 resistance on two occasions against the US Dollar. BTC price is showing a few bearish signs and it seems like it could decline towards $8,300 or $8,200. Bitcoin price is likely forming a double top pattern near the $8,900 resistance against the US Dollar. The price is down 3% and it is now trading below the $8,700 support. There was a break below a key bullish trend line with support near $8,660 on the hourly chart of the BTC/USD pair (data feed from Kraken).…

The price of Bitcoin SV (BSV) increased by 123 percent on a single day, on January 14. Many factors were discussed as reasons behind its upsurge, but one top crypto trader 5 pointed towards a different factor. Joe007, the best performing trader on Bitfinex, a top three crypto margin trading platform in the global market, said it is the lack of support for BSV on major exchanges that contributed to its overnight spike. Why would lack of support contribute to Bitcoin SV upsurge? One of the main reasons why most…