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“# Bitcoin bounce from $28.8K activates century-old financial model’s bullish thesis ” A recent upswing in the price of Bitcoin (BTC) following a nail-biting price crash below $30,000 this Tuesday has activated a classic financial model’s bullish outlook on the cryptocurrency. Titled Wyckoff Method, created by Richard D. Wyckoff in 1888, the model attempts at navigating…
“# Bitcoin holds $34K as Bloomberg likens $30K support to $4K in 2020 BTC price crash ” Bitcoin (BTC) maintained $34,000 support on June 23 as a rebound from six-month lows showed surprising resilience. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bulls see 2020 similarities Data from Cointelegraph Markets Pro and TradingView showed BTC/USD…
“# 3 reasons why Solana bounced harder than Bitcoin and Ethereum ” An overnight bounce across the cryptocurrency assets this Wednesday saw Solana (SOL) outpacing its top rivals, including Bitcoin (BTC) and Ether (ETH). The SOL/USD exchange rate surged 55.10% to $31.58 on Wednesday after bottoming out at $20.14 in the previous session. Its move…
“# Bitcoin price ‘very near bottom’ with $30K dip, says bullish institutional report ” Bitcoin (BTC) is “very close to the bottom” and still commands a bullish long-term view, institutional crypto firm Stack Funds believes. In its latest report issued on June 23, analyst Lennard Neo said that despite the price meltdown, there was no…
“# Bitcoin price bounces to $33K but analysts say ‘it’s too early’ to call a bottom ” Cryptocurrency investors found little reprieve on June 22 as the price of Bitcoin (BTC) fell below $30,000 for the first time since January, sparking panic among less experienced market participants who have yet to experience a full market…
“# Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K ” Bitcoin price is still in a rut, trading near $33,000 and trapped in a downtrend that just seems to get worse with the passing of each day. As the price slumps, analysts have consulted with several technical and…
“# Bitcoin price clings to $32K as on-chain metrics hint at further downside ” Cryptocurrency investors awoke to another round of price declines on June 22 after the price of Bitcoin (BTC) dropped to a 6-month low at $28,805. The dip below the crucial $30,000 level might appear to be a prime buying opportunity but…
“# A ‘seismic mining shift’ may be driving Bitcoin price below $30K: Report ” Bitcoin (BTC) plunged 7.38% to hit its five-month low of $29,313 on Tuesday as the market stared at the prospect of another sell-off, this time led by miners affected by a recent crackdown against cryptocurrency entities in China. Bitcoin drops below…
“# Bitcoin drops below $30K to 6-month lows: Watch these next price support levels ” Bitcoin (BTC) fell under $30,000 on Tuesday as the latest BTC price dip took the largest cryptocurrency below a significant “line in the sand.” BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Bitcoin beats May price bottom Data from Cointelegraph Markets…
“# ‘Say something, Elon Musk!’ Dogecoin sheds $70B in market cap since SNL ” Dogecoin (DOGE), Elon Musk’s pet favorite cryptocurrency, has shed tens of billions of dollars in value since he publicly plugged it on mainstream TV. As sources noted this week, the meme-based altcoin’s market cap is now $69 billion down versus where it…