Unpacking Bitcoin’s latest price slump

With all the excitement after Bitcoin hit a 2019 high of $9,000, it quickly went through a dramatic correction that saw the cryptocurrency fall back to $8,200. The sudden rally that saw Bitcoin surge to $9,000 is explained by top…

BITCOIN GOES UP BY 7% WITHIN THE PAST WEEK

The past week has seen Bitcoin taking a remarkable bullish rally against the US dollar by 7%, as the price moved from 3,725 USD to the current 4,037 USD. Before we lose ourselves into further details, let’s consider a few…

Bitcoin and NEO Prices Continue to Slide as Cryptocurrency Market Struggles to Recover – Technical Analysis

Nearing the close of the month of June, the cryptocurrency market is struggling to recover in overall prices. As of press time, total market capitalization is only at the $250 billion level with Bitcoin dominance hitting the 42% mark. This…

EOS and Litecoin Bounce Off Key Support Levels, Looks to Gain Upward Momentum – Technical Analysis

During the latest cryptomarket slump, EOS and Litecoin took major hits that decreased prices back to key support levels. As of press time, EOS trades at $11 over USD and 0.00167 BTC over Bitcoin, while Litecoin trades at $99 over…

Cryptomarket Plummets Again, Bitcoin and Ethereum Struggles to Gain Upward Momentum – Technical Analysis

The cryptocurrency market took another downward turn after plummeting through the month of May and trading sideways through the first week of June. On June 9, Bitcoin price started plummeting and eventually bounced off the support level at the $6,100…

Is the Bitcoin Hype and Influence Already Fading Away? Is Bitcoin Dying?

At the peak of the cryptocurrency and Bitcoin (BTC) hype back in December, you often hear the mentioning of Bitcoin at some point during broadcasts on news channels, just like when you were having dinner or lunch with loved ones…

Cryptocurrency Market on Another Downturn – Bitcoin, Ethereum, Tron, Price Action and Technical Analysis

The cryptocurrency market took another sharp dive on June 10 with the total market capitalization going below the $300 billion mark. As of press time, total market capitalization is at $296 billion and Bitcoin price is hovering around the $6,700…

Crypto Bloodbath Gets Extended, Bitcoin Forming a Triple Bottom – Technical Analysis

The crypto bloodbath that started during the first week of May seems to be having an extension as crypto prices continue to plummet during the weekend. Prices of the top cryptocurrencies got pulled back to the March 31 lows, which…

Top 5 Alt Coins Short Trades for May 2018

As of press time Bitcoin dominance dropped back to 36.5% from its 2018 high of 45% on mid-April. This means that the altcoins are getting some traction when it comes to price and market capitalization. If you want to join…

Bitcoin Pattern Indicates New Bullish Sign – Technical Analysis

Bitcoin has been recovering during the month of April and the open of the month of May. Some minor correction happened during the past week with Bitcoin failing to breach the $10,000 mark, and falling back to the $9,000 level.…