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Ethereum Reaches a “Vital” Point as Bulls Fail to Flip Resistance to Support

Ethereum and the entire crypto market has faced some weakness throughout the past couple of days Although both BTC and ETH are trading well above their recent lows, it is important to note that bears are in the process of reversing yesterday evening’s gains This downtrend could prove to be bearish for ETH, as the crypto has been unable to flip a key resistance level into support This comes as it ventures into what one […] дальше »

2021-1-13 01:00


Bitcoin Miners on a Shopping Spree, Lower BTC Generation Cost Coincides with Price Rise

Bitcoin mining is seeing a “very important strategic shift” away from China as the Nordic region becomes a lucrative place to mine cryptocurrency thanks to very low electricity prices. The post Bitcoin Miners on a Shopping Spree, Lower BTC Generation Cost Coincides with Price Rise first appeared on BitcoinExchangeGuide. дальше »

2020-12-29 20:16


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There Have Never Been This Many Ethereum Long Positions on Bitfinex

Ethereum has been mirroring the price action seen by Bitcoin throughout the past few days and weeks This has mainly worked in its favor, but BTC’s immense momentum has not been enough to pull ETH past its crucial $500 resistance level The selling pressure here is quite significant, and whether or not the cryptocurrency can surmount this should shine some light into its near-term trend It is important to note that Ethereum has reclaimed a […] дальше »

2020-11-21 23:00


If History Rhymes, Bitcoin Will See Steep Corrections Before New Highs

Bitcoin is clearly in a full-blown bull market, with each dip being aggressively absorbed by buyers as it continues grinding higher Unlike BTC rallies of the past, this latest one has mainly been a slow grind higher, which is a testament to the crypto’s maturation as an asset It has seen a few strong pullbacks throughout the course of this recent push higher, but it is important to note that buyers have quickly reversed all […] дальше »

2020-11-17 02:00


Here’s What May Have Caused Bitcoin to Nosedive into Its Key Support

Bitcoin saw a nosedive that caused it to erase all of yesterday afternoon’s gains as a result of the intense selling pressure around $13,800 This level marks the cryptocurrency’s 2019 highs, and a continued bout of trading at this level could confirm this as a local top It is important to note that BTC has found support above $13,200, which is a positive sign suggesting that upside is imminent The resistance here isn’t the only […] дальше »

2020-10-29 02:00


Much Ow! Dogecoin Sets New All-Time Low Against Bitcoin On Binance

Dogecoin, a cryptocurrency based on the Shibu Inu meme and often an important health indicator of the altcoin market, has just set a new all-time low against Bitcoin on Binance. What does this potentially say about altcoins in general, and will Dogecoin investors experience much “ow” instead of “wow” when Dogecoin tanks further against BTC? […] дальше »

2020-10-21 23:00


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Bitcoin is About to Reach a Pivotal Point as Buyers Defend Key Level

It has been a choppy day of trading for Bitcoin and the aggregated crypto market This primarily stems from BTC’s inability to maintain the upwards momentum that was driving it higher yesterday Although losing its momentum is a bear-favoring sign, it is important to note that not too much has changed for BTC from a technical perspective One analyst is noting that the benchmark cryptocurrency is now reaching a pivotal level that will shape its […] дальше »

2020-9-12 21:00


Bitcoin is Defending a Crucial Macro Level as Bulls Show Signs of Strength

It is growing increasingly clear as to just how important $10,000 is for Bitcoin’s macro price action, as this level has been ardently defended by bulls on multiple occasions BTC has been trading around the level for the past several days, with each dip below it proving to be highly short-lived Bulls’ slight displays of strength whenever the crypto dips below this level are a positive sign for its near-term outlook One analyst is now […] дальше »

2020-9-9 21:00


Bitcoin is Poised to Explode Towards $11,000 After Tapping Key Liquidity Region

The crypto market has been battered throughout the past few days, with sellers gaining a serious edge over buyers as they force most digital asset prices lower The strength of this selling pressure has been enough to cause some major altcoins like Ethereum to post monumental losses, with ETH plunging to lows of $330 while Bitcoin briefly broke below $10,000 It is important to note that BTC’s latest breakdown was quickly absorbed by bulls, who […] дальше »

2020-9-6 19:00


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Bitcoin’s Cloud Pattern Shows Bears May Still Be in Full Control

Bitcoin and the entire cryptocurrency market are currently bearing witness to relatively mixed price action While BTC has faced some intense selling pressure, it is important to note that bears have not invalidated any of its mid-term market structures As such, it remains well-positioned to see further near-term upside Despite this, one analyst is noting that the cryptocurrency’s cloud formation may spell some trouble for its near-term outlook, as it shows that it is still […] дальше »

2020-8-21 02:00


Bitcoin’s Highest Weekly Close Since Jan 2018 Coincides with Falling Inflow to Exchanges

Yet another weekend that saw Bitcoin jumping the $12,000 level. After breaking the key level of $10,000, now the largest cryptocurrency is working on another important level. Over the weekend, BTC went down to $11,500 only to start gaining momentum towards the end of the day to start yet another bullish week. And #Bitcoin has […] дальше »

2020-8-10 15:59


Analyst: Bitcoin Just Posted the “Most Important Breakout” in BTC History

Bitcoin has been seeing some incredibly bullish price action throughout the past several days and weeks The cryptocurrency is now consolidating at just below $12,000 as its buyers attempt to catalyze another leg higher Despite facing resistance at this level, the crypto has yet to see any type of harsh breakdown here One recent technical development is creating a new source of bullishness amongst traders The cryptocurrency just broke out of a multi-year bull pennant, […] дальше »

2020-8-7 02:00


Why a Growing Risk Appetite Could Send Bitcoin to $14,000

Bitcoin’s price saw an explosive movement higher yesterday that allowed it to surmount its multi-week resistance at $9,500 This movement was technically significant because it allowed the crypto to smash a crucial resistance that it is now being flipped into a support level How BTC trends next will be important for determining its mid-term outlook, as a decline beneath this level would point to weakness amongst bulls Holding above this level, however, could point to […] дальше »

2020-7-24 21:00