Bitcoin Just Broke $14,000, but CME Data Is Far From Euphoric

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Bitcoin’s Pattern Breakout Fails to Clear Overhead Resistance

The Bitcoin (BTC) price has been decreasing since it reached a high of $9,379 on July 7. Today, it broke out from a descending wedge, but could not sustain the higher prices. Bitcoin Short-Term Breakout The hourly chart for BC reveals that the price has been decreasing since a high of $9,379 reached on July […] The post Bitcoin’s Pattern Breakout Fails to Clear Overhead Resistance appeared first on BeInCrypto.

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A Crucial Bitcoin Indicator Just Broke Out After an 8-Week Correction

Bitcoin has been subject to a healthy rally over the past day. After moving below $9,000 on the weekend in a move that scared bulls, BTC now trades at $9,300. This is a few basis points below the daily high of $9,400.

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Amazon CEO Jeff Bezos Will Never Be Able To Buy All Bitcoin in Circulation – Jameson Lopp

Amazon founder, CEO, and president, Jeff Bezos recently broke his own wealth record. The entrepreneur is now estimated to be worth nearly $172 billion which is the richest he has ever been. Bezos’s net worth is roughly equal to the worth of the entire Bitcoin circulation supply at the current price of $9,061, roughly $170 […]

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Market Wrap: Bitcoin Briefly Breaks Below $9K, but Markets Remain Comatose

Bitcoin briefly broke below $9,000 on Thursday, but the markets remain quiet.

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Bitcoin’s Short-Term Breakout Could Lead to a Bounce

On June 29, the Bitcoin (BTC) price broke out from a short-term descending resistance line. This could have been the beginning of an upward move that takes the price towards $9,300-$9,400. However, the longer-term outlook is still bearish, and BTC is expected to eventually decrease towards the range low.

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No, Bitcoin Breaking Below $9k Was Not a Bearish Breakout: Analyst

On Saturday, Bitcoin finally broke below $9,000 after a week of consolidation. When the asset slipped under this level, more than $20 million worth of longs on BitMEX were liquidated. This was in addition to the more than $40 million liquidated just two days earlier.

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Bitcoin’s Breakout Has the Price Aiming for $10,000

On June 22, the Bitcoin price created a bullish engulfing candlestick and broke out from a descending wedge that had been in place since the beginning of June. The price reached a high of $9,780 before decreasing slightly to $9,600 where it was trading at the time of press.

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Bitcoin Aims High, Is DeFi a Bubble? ICX & DUSK Technicals (and More): Crypto News Roundup

Despite some volatility, the Bitcoin price remained, by and large, stable last week as it hovered in a range between $9,250 and $9,500. The bulls may have a slight upper hand at this juncture. The alpha-crypto broke out from a descending resistance line yesterday and now appears to be aiming for an upward move towards […] The post Bitcoin Aims High, Is DeFi a Bubble? ICX & DUSK Technicals (and More): Crypto News Roundup appeared first on BeInCrypto.

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Bitcoin Finally Breaks Out, Aiming for Range High

On June 21, the Bitcoin (BTC) price broke out from a descending resistance line that had been in place since July 16. This opens the way for an increase that could carry the price upwards of $9,600.

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Three Possible Elliott Wave Counts For Bitcoin’s Correction

The Bitcoin price has been decreasing since June 2 and broke down from a long-term support line on June 11. The price has likely begun a corrective period, the shape of which is not yet confirmed.

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The Bitcoin Dominance Rate Finally Breaks Out

The Bitcoin dominance rate (BTCD) has been decreasing since May 14, but recently broke out from a long-term descending resistance line, indicating that an upward trend has begun. This means that altcoin and Bitcoin pairs are likely to decrease.

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Analyst Targets $8,100 as Bitcoin Dives Below Cruicial Support Level

Bitcoin is on the verge of invalidating a critical bullish technical pattern. The analogy surfaced after the cryptocurrency broke below the pattern’s support level. A prominent analyst sees the latest downside move to extend itself towards Bitcoin’s 200-day moving average.

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Bitcoin Just Broke Its Parabolic Uptrend; Here’s What Traders are Saying

Bitcoin’s recent volatility has done some damage to its underlying market structure, despite it being able to post an ardent defense of the lower boundary of its long-established trading range. Yesterday, the crypto plunged to lows of $9,000 before finding any strong support, but it has since been able to rebound from these lows. Despite […]

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Bitcoin Takes a Big Hit: Main Reasons Why Recovery Could Face Sellers

Bitcoin is down more than 5% and it broke the key $9,300 support zone against the US Dollar. BTC traded as low as $9,089 and it is currently correcting higher towards hurdles. Bitcoin declined sharply after it was rejected one more time near the $10,000 level.

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$11,200: Bitcoin Supporters Aim Big After Recent Spike And Volatility

Bitcoin is gaining bullish momentum and it broke the $9,800 resistance zone against the US Dollar. BTC price is likely to continue higher if it settles above the $10,000 resistance zone. Bitcoin is slowly moving higher and it is trading above the $9,800 and $9,720 support levels.

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Bitcoin Abruptly Surges to $10,000: But Here’s Why a Brutal Rejection Awaits

Bitcoin price just broke out from the tight trading range its been trading it for days between $9600 and $9800, and moments later found itself tapping resistance at $10,000 once again. The spike was quickly rejected, but Bitcoin appears to be consolidating and ready for another attempt to breakthrough. Will the rejection force prices lower […]

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Cryptocurrency News Roundup for June 10, 2020

In the past 24 hours, Bitcoin has been range-bound between $9,570 and $9,870. The flagship crypto broke out above the $9,800 level, giving many traders hope that the $10,000 milestone was in sight.

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When Will Bitcoin Make a Decisive Move?

On June 10, the Bitcoin price moved in a range between $9,570-$9,870. Even though the price broke out from a short-term resistance line, this movement will likely have no ramifications for the longer-term trend.

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If Bitcoin Closes Above $10,500, Expect an Explosive Rally to $14,000: Analysts

Bitcoin has seen quite the volatile past seven days. The cryptocurrency broke out on June 1st past $10,000, rallying as high as $10,450 on major exchanges in a move that liquidated dozens of millions worth of short positions on BitMEX.

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If This Key Indicator Proves Accurate, August Will Be The Last Time Bitcoin Trades Below $10k

The benchmark cryptocurrency broke above the psychological $10k level on May 2, achieving a new high above $10,400. Unfortunately, the cryptocurrency succumbed to profit-taking as it dropped sharply to $9,300 shortly afterward.

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Bitcoin Gets Rejected Once More by $10,500 Resistance

On June 1, the Bitcoin (BTC) price broke out from a pattern that had been in place for nearly one month and proceeded to reach a high of $10,380. While this is a very bullish development, the price has yet to move above a crucial resistance area that will likely determine the direction of the […] The post Bitcoin Gets Rejected Once More by $10,500 Resistance appeared first on BeInCrypto.

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EOS and Bitcoin Cash Show Strength as BTC Pumps

On June 1, the Bitcoin price broke out from its previous trading pattern and reached a high of $10,380. While this initially caused an increase in the Bitcoin dominance rate, altcoins rallied shortly thereafter, and several have created bullish patterns.

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Bitcoin enjoys boost as protests rage across the United States

The cryptocurrency broke its $10,000 resistance level just 15 minutes after President Trump’s Speech... The post Bitcoin enjoys boost as protests rage across the United States appeared first on Coin Journal.

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Cryptocurrency News Roundup for May 28, 2020

Bitcoin broke through the major resistance between $9,200-$9,350 on Thursday and made it past $9,500. The mini-rally came barely a day after a leaked document showed that not only does Goldman Sachs advise clients against investing in Bitcoin, but it doesn’t even count cryptocurrencies among legit asset classes.

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Bitcoin Breaks Out and Approaches $10,000 Yet Again

The Bitcoin price has been increasing since May 25. The rate of increase accelerated on May 27, and the price has been trading inside a steep ascending channel since. On May 28, the Bitcoin price broke out from the $9,250 resistance area, doing so with significant volume.

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Bitcoin Breaks Key Hurdle: Here’s Why It Could Revisit $10,000

Bitcoin is up more than 4% and it broke the key $9,500 resistance zone against the US Dollar. BTC price is currently correcting lower, but dips remain supported near $9,350. Bitcoin gained traction above the $9,300 and $9,500 resistance levels.

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Crypto Altcoins May Tumble as BTC Dominance Looks to Break Key Resistance

After days of stagnation, the crypto market finally broke higher on Wednesday. In the past 24 hours, Bitcoin has gained 4%. Most altcoins have registered similar gains over that same time frame. Signs are growing that this bull trend will continue, with BTC bouncing off key supports during the recent retracement.

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How Long Can Bitcoin’s Upward Move Continue?

The Bitcoin price has broken out from a descending wedge but has yet to move above an important resistance level. Technical indicators have begun to show weakness. Yesterday, the Bitcoin price began an upward move and broke out above the current resistance level.

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Is Bitcoin Leveraged Trading Only For Veterans and Where Should Beginners Turn to?

A few days ago when I was browsing Reddit, I stumbled upon some posts on Bitcoin leveraged trading. It seems that many people believe leveraged trading is a game only for the experienced or the resourceful, and beginners dare to venture into this game will likely go broke.

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Bitcoin’s Break Below a Key Level has Opened the Gates for a Move to $5,900

Following an extended bout of sideways trading within the $9,000 region, Bitcoin has now firmly broke below this range as it trades around $8,800 Although the crypto has ardently defended its near-term support, its technical outlook does appear to be rapidly degrading Some analysts are even noting that its latest breakdown has opened the gates for it to see a movement that leads it as low as $5,900 in the weeks and months ahead Bitcoin […]

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For Bitcoin miners will Lightning Network be the straw that broke the camel's back?

Bitcoin miners have been under a lot of stress in the recent past as the king coin underwent its third block reward halving. Sustainability of many mining operations post-halving has been and continueThe post For Bitcoin miners will Lightning Network be the straw that broke the camel's back? appeared first on AMBCrypto.

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Bitcoin Saw A Key Technical Breakdown: Here’s Why BTC Could Decline Further

Bitcoin started a strong decline after it broke the key $9,500 support against the US Dollar. BTC price is currently correcting higher from the $8,794 low, but upsides are likely to remain capped. Bitcoin is down more than 5% and it broke many key supports near $9,500 and $9,150. The price is now trading well...

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Analyzing Bitcoin’s Future Movement After Creating a Double-Top

On May 20, the Bitcoin price broke down from an ascending triangle it had been trading in over the past week. The ensuing upward movement failed at the first resistance level, suggesting that the price is not yet done correcting.

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Crypto Pundit reveals what will likely ignite another parabolic Bitcoin Rally

Just as BTC broke a previous “accumulation” period before entering a new Bull run, once it breaks the price barrier between $10,000 – $12,000 it will end the “re-accumulation phase”, and markets will “ignite another parabolic rally” according to data provided by Adamant Capital’s Tuur Demeester.

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Ethereum 2.0 optimism primed to propel markets, but could be held back by Bitcoin. Here’s why

Earlier this week, Ethereum broke out of its long term range. By climbing above $210, Ethereum set itself for long term gains. The largest altcoin has found resistance at $215 and has since retracted to the $212 position.

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Bitcoin Downplays S&P 500 Correlation, Hits $9.7K as Gold Rise

Bitcoin closed above $9,700 in hopes to wipe out its pre-halving crash amidst growing risk-off demand. The cryptocurrency broke its short-term correlation with the S&P 500 after the Federal Reserve gave a grim economic outlook.

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Ripple (XRP) Follows Bitcoin’s Rise But $0.21 Shows Bearish Case Remains Intact

Ripple traded higher and broke the $0. 2000 resistance following bitcoin price rise against the US Dollar. However, XRP is still facing many hurdles near $0. 2100 and $0. 2200. Ripple is trading higher and it managed to clear the $0.

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Bitcoin Edges Higher on Additional $3 Trillion Stimulus Hopes

Bitcoin surged by almost 600 points Wednesday after Federal Reserve Chairman Jerome Powell said additional fiscal stimulus is “worth it” to protect the economy. The benchmark cryptocurrency, while rising, broke its correlation intraday with the U.

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Bitcoin Smashes Heavy Resistance: Here’s What Could Propel It To $10,000

Bitcoin broke a major resistance zone near $9,000 and $9,100 against the US Dollar. BTC price is gaining momentum and it could soon climb above $9,500 and test $10,000. Bitcoin started a strong rise and broke the key $9,100 resistance zone.

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Bitcoin Just Established a Foothold Above $9,000: Here’s What May Come Next

In the three days after Bitcoin plunged 15% in an hour from $9,700 to $8,100, the cryptocurrency was stuck in a holding pattern, trading between $8,100 and $8,800. But just today, BTC finally broke out, passing the key psychological resistance of $9,000 as buyers entered the market.

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Bitcoin Just Broke Its Short-Term Downtrend; Here’s How High It Could Rally

Bitcoin was finally able to recapture its position above $9,000 after an extended period of trading beneath this level The cryptocurrency now appears to be gearing up for a big push higher as it maintains a firmly bullish market structure This bullishness could be further bolstered by its recent ability to break above a descending trendline that had previously been guiding it lower After making multiple attempts to break back above $9,000, Bitcoin buyers were […]

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Here’s why JPMorgan banking for crypto exchanges is a big deal for Bitcoin

News broke today that banking giant JPMorgan would be extending banking services to two of the world’s most prominent crypto exchanges. This is significant news considering that the bank’s CEO previously called Bitcoin a “fraud.

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Will New Crypto Bill Absolve Ripple of On-going XRP Lawsuits?

At present, fintech firm Ripple is already subject to several lawsuits that allege it broke SEC rules by selling unregistered securities with sales of the XRP crypto token. But in a further blow, attorneys for a company called Bitcoin Manipulation Abatement LLC filed a fresh lawsuit with the US Federal District Court on May, 1st...

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Here’s Why Hedge Fund Manager Paul Tudor Jones Is Now Bullish on Bitcoin

News broke recently that major head fund manager Paul Tudor Jones is now a big fan of Bitcoin as a hedge against inflation. It seems he recently had a change of heart. You may have read it already, but Paul Tudor Jones is now officially bullish on Bitcoin (BTC).

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5 Bullish Bitcoin Charts, Three Patterns Not Seen Since the Parabolic Run of 2017

Earlier this week, bitcoin broke the important psychological level, $10,000 and hovered around this level for two days only to make a retreat today. Currently, we are trading around $9,500 while managing the daily trading volume of just $2 billion, yet again slowing down on the weekend.

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Macro Investor: Chances Bitcoin Will See “Vastly Higher” Prices Just Surged

It’s been an explosive past 24 hours for Bitcoin and the cryptocurrency market. After building bullish momentum for the past seven weeks, BTC finally broke past $10,000 today, posting a more than 170% gain since the $3,700 lows of March.

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Ethereum Holds Strong Above $200, Can ETH Follow Bitcoin’s Rise

Ethereum is up around 2% and it broke the key $210 resistance against the US Dollar. ETH price is showing positive signs and it could rise further, similar to bitcoin. Ethereum is slowly moving into a bullish zone above the $210 pivot level.

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Bitcoin Primed To Test $10,500 as Bulls Take Over Crypto Market

Bitcoin is up more than 7% and it broke the $10,000 resistance against the US Dollar. BTC is showing many bullish signs on the daily chart and it is likely to test $10,500. Bitcoin is gaining bullish momentum and it recently spiked above $10,000.

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Bitcoin Makes Another Attempt at Moving Above $9,300

The Bitcoin price has broken out from a short-term descending resistance line but still has yet to move above its April 30 high. On May 6, the Bitcoin price broke out from a short-term descending resistance line.

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