Browsing Tag

Bitcoin (BTC)

Bitcoin Breaks $30k!

David Kindley Apr 11, 2023 60 0

Bitcoin has pushed over $2k since the start of the week as bulls enter the market. This caps off a $10k push MoM since the start of the banking crisis. Are we now heading for a correction, or will the crypto currency topple the $35k…
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Technical Analysis

Bitcoin Breaks Support, Hits 2-year Low!

David Kindley Nov 9, 2022 267 0

The cryptocurrency market tumbled after Binance and FTX agreed to merge. What is being called a liquidity crunch saw the company signing a non-binding agreement to fully acquire FTX. Bitcoin tumbled to its lowest level since November…
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Technical Analysis

Bitcoin Recovers to $20k, then Drops!

David Kindley Sep 28, 2022 348 0

Bitcoin was up 5% in the last few sessions, the highest level in two weeks. The upturn drove the token to reclaim the $20k level before bears moved in to complete a full reversal. The cryptocurrency has remained subdued since trading…
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Technical Analysis

Bitcoin Retakes $20k, But for How Long?

David Kindley Aug 31, 2022 522 0

Bitcoin moved back above $20K as bulls moved in to buy following the recent dip in price. After dropping to a multi-week low recently, prices have risen in back-to-back sessions. Ethereum was also in the green, as prices have…
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Technical Analysis

Bitcoin Breaks $21k as Bears Move In!

David Kindley Aug 23, 2022 450 0

Bitcoin continued the sell-off as it continued its biggest daily drop since June. With Ethereum also slipping under $1600, the crypto space seems to be taking a battering as the focus now shifts to the annual Jackson Hole symposium.…
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Technical Analysis

Bitcoin and Ethereum Maintain Bull Run!

David Kindley Aug 17, 2022 550 0

Bitcoin has remained in a bull trend after touching the $25k barrier in recent sessions. After falling over 35% from its yearly peak, the cryptocurrency now eyes a recovery. Ethereum was also in the spotlight after the recent…
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Technical Analysis

Bitcoin Breaks Out of Bullish Flag!

David Kindley Aug 1, 2022 558 0

After punching its way out of a bull flag, Bitcoin has seen a short decline. The largest cryptocurrency dropped as much as 2.4% since reaching its highest level since June. Bitcoin absorbed last week’s one-two macro punch of the Fed…
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Technical Analysis

Will Bitcoin Break $22,000?

David Kindley Jul 18, 2022 494 0

With Bitcoin still consolidated, another test at the $22k is coming up again. Resistance here would confirm another move to the downside as analysts prepare for another $3k move. With Ethereum seemingly breaking out of its range, will…
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Technical Analysis

Bitcoin Bounces, But for How long?

David Kindley Jul 15, 2022 621 0

The cryptocurrency space has seen a choppy price action for the last few sessions. Even though we have witnessed an upshift, analysts remain skeptical that Bitcoin still has not found a bottom level. With Bitcoin falling more than 70%…
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Fundamental Analysis

Gold is Still More Attractive Than Bitcoin in Risk-Off Scenarios

Daniel John Grady Mar 4, 2022 3,095 0

Since the beginning of February, the spot price of gold has been moving higher. Generally, when the expectation is for interest rates to go up, the price of gold drifts down. But, the concern over a potential invasion of Ukraine by…
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