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Bitcoin and Altcoins Showing Early Signs Of Recovery

Bitcoin price is currently consolidating near the USD 9,500 level. Ethereum is holding the USD 202 support and ripple price is likely to correct higher. LAMB, KCS and CRO gained more than 10% today. After strong bearish moves, bitcoin price started a short term upside correction above USD 9,350. BTC/USD is currently (08:00 UTC) consolidating […]

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Bitcoin in downtrend dips below $9,500

For the near term the outlook for bitcoin (BTC) is bearish as it has traded below $9,500 today. However it should be remembered that five months ago it was trading at $4,000. Godbole’s analysis Omkar Godbole has an analysis of bitcoin’s price movements yesterday on CoinDesk. It was last updated at 11:18 UTC. Godbole claims […]

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Is Bitcoin the New Safe-Haven Currency?

Where should investors, disillusioned with fiat currencies and government meddling, flock to for safety? Gold is the first answer that comes to mind, since gold has long served as a safe haven when paper currencies fail. And while gold remains a good choice, it is still quite easily controlled by governments through paper trading. It […]

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BTC At $20k: Here’s When Enthusiasts Expect It To Happen

Bitcoin, the top cryptocurrency by market cap is currently trading at the $10,500 price level. Its 2019 high has been $13,700 while its all-time high is over $20k. On the other hand, Changpeng Zhao (CZ), CEO of cryptocurrency exchange Binance asked the crypto community on July 20, 2019, when they think Bitcoin will surge to $20,000 again. CZ’s Question […]

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Bitcoin Bounce Capped by $10K Price Resistance

Bitcoin’s recovery from $9,049 to $10,000 lacks substance and may be short lived. Signs of bullish exhaustion near $10,000 have emerged on the 4-hour chart. A break below $9,580 would confirm the corrective bounce has ended and allow a drop to $9,000. Moving average (MA) studies and key indicators like the relative strength and the […]