Crypto Market Analysis Crypto Price Analysis Cryptocurrency

Bitcoin Shoots Up, Breaks Through Downward Trend and Major Resistance – Technical Analysis

Out of nowhere, Bitcoin price shot up by more than 10% and recorded almost $700 in gains in just the past 24 hours. During this sudden price rally, more than $20 billion flooded into the crypto market. After hovering around the $250 billion for 7 days and around the $270 billion for 2 days, total […]

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Binance CEO: Bitcoin Price Drop is Natural

Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange in terms of trading volumes, said that the recent decline in Bitcoin’s price is classically normal. Bitcoin, the world’s largest cryptocurrency by market capitalization, has recently reached its’ three-month low. At press time, Bitcoin is trading at the $6,400 level according to CoinMarketCap. Despite the […]

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Bitcoin Forms Flag Pattern on Four-Year Log Chart, Decisive Move Ahead – Technical Analysis

The Bitcoin price action during the month of May was relatively bearish. After rejecting the $10,000 mark twice, Bitcoin plummeted back to the $7,000 support level.  As of press time, Bitcoin is trading at the $7,400 level after a successful bounce off the support line. From June 2015 to March 2017, Bitcoin managed to record […]