Bitcoin Retracts from the $50K Level while ETH Aims for $4K

As bitcoin tries to reclaim the $50,000 mark, ETH struggles going past the $4,000 level. On the other hand, Cardano has hit consecutive all-time highs granting it more mentions on Twitter than the leading crypto by market cap. Bitcoin Looks Towards the $50K Mark Bitcoin price attempted to go above the $49,000 resistance zone. However, it failed to gain strength above the $49,200 level. The coin formed a high close to $49,335 level before starting a fresh decline yesterday. Bitcoin…

Bitcoin is Yet to Top Out, Says Derivatives Data

Throughout the previous few weeks, analysts noted that BTC was eventually looking for a local top. Bitcoin has been rejected at $10k price range three times in the past few months. The rejections led to people’s reconsideration of their bullish stance on Bitcoin because this level is important. Market participants have been considering data from financial derivatives like futures and options to understand cryptocurrency price movements over the previous few months, as they keep providing crucial information. According to derivatives…

Bitcoin Could Decline to the $5,000 Area

Like before, Bitcoin is currently fixed within a stint of sideways trading, striving to secure momentum while hovering at price levels around the $8,800 area. Its performance has been around the area over the previous few days, and it seems to be a crucial support level. Buyers have stood strongly to protect Bitcoin from a fall beneath this price, but analysts are currently suggesting a move that will favor the bears based on high time frame outlook. At press time, the…

He Forecasted Bitcoin’s Bottom Last Year; He is Now Claiming a Likely Decline to $6ks

Bitcoin has been trying to surge past its current psychological price level ($10k) such that the two attempts in the past week were unsuccessful. The second attempt encountered serious rejection, leading to a decline to price levels as low as $9.2k, a level which has been attained several times within some days. Some investors have been heedful due to the lukewarm price action of Bitcoin and the possibility of additional downside movement, with a reference to its loss of the…

Predicting Bitcoin Prices: What You Need to Know Before Trading Bitcoin

Like regional currencies such as the US dollar, Bitcoin is a digital currency with a finite, limited supply like Gold or Silver. Since it is based on new technology and pretty nearly unregulated and borderless, it is highly volatile, featuring wild fluctuations in its purchasing power, which can happen intermittently over a short time. Volatility is the main reason seasoned investors in traditional markets tend to be wary of Bitcoin. It is also why other investors embrace it due to…

Bitcoin May Recover Further in the Coming Days

Over the past few days, Bitcoin experienced poor performance as its price plunged to $3800 on March 12th. However, the bulls started to rally the next day slightly, when the BTC price rose to $5000 and further managed to hit a high of $5900 as traders picked up the pace. Many crypto analysts, however, believe that Bitcoin will recover in the coming days. Top Analysts’ and Crypto traders’ Views on Bitcoin Prices Flib Flib, a very experienced crypto trader, anticipated…

Bitcoin Crumbles Under $4K Building Uncertainty in the Crypto Space

On March 12, 2020, many crypto exchanges saw the BTC crash to a daily low at around $3,800, after which it rapidly recovered to above the $4K level.  On Coinbase exchange, the highest-ranked crypto worldwide dropped to a daily low at $3,858, while on Bitfinex, it stood at $4,001.  The last time BTC prices plummeted to below $4K was in mid-2019, so this time the cryptocurrency fell to its lowest level in over a year. The Crypto Space’s Unknown Fate …

BTC Price Declines Under $8300 In a Short Time

Last week, the BTC price initiated a steady rise above the $8700 and $8880 resistance levels against the USD. It gained traction and even managed to rise above the key $9000 resistance. Nevertheless, the price faced a strong resistance close to the $9200 region and the 4-hours simple moving average (SMA). A Look at the BTC/USD 4-Hours Chart The BTC/USD 4-hours chart reveals a critical bearish trend line, with resistance around $8700. However, Bitcoin failed to clear the trendline, $8700 resistance,…

The BTC Recovery Rekindles Hope That it Will Surpass the $10k Mark

The last 24 hours saw the cryptocurrency market make a surprising recovery. As a result, BTC flat-line closed at $9,650. Bitcoin's price surged further settling at $9,945 a few hours ago. Following the quick two percent rise from $9.7k, BitMEX experienced a  push for the liquidation of short-side positions valued at $15 million. This push emanated from traders de-levering their positions in the last two days following Bitcoin's stagnation. Shifting Focus Mexbt,  a renowned trader, avers that BTC attainment of…

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