Category: Market Analysis

The cryptocurrency market continues to teeter between recovery and resistance. El Salvador’s new bitcoin law resuscitated the market for a couple of days, with BTC almost reclaiming $39,000. However, most cryptocurrencies have since corrected by 2% or more in the past 24 hours. Their see-sawing underlines the difficulty of calling […]

Bitcoin (BTC) Price Prediction – June 10, 2021 BTC/USD price rallied to $38,337 as Bitcoin turns from $39,000 . The king coin is retracing after the resistance at the recent high. However, if buyers continue to push BTC price to break the $39,000 resistance and the bullish momentum is sustained; […]

Bitcoin Price Prediction – June 10 The Bitcoin price is currently down with 1.21% after touching the daily high of $38,425 as it is now moving towards the $36,000 support. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000, $48,000 Support Levels: $30,000, $28,000, $26,000 BTCUSD – […]

Bitcoin price has continued its climb as it aims to crawl out of the hole dug by May’s downturn, helped by El Salvador going all in on the virtual currency and the Basle Committee banking regulator endorsing crypto as an asset class, albeit a very risky one. As we all […]

Bitcoin Price Prediction – June 9 The Bitcoin (BTC) rebounds from the early dip at $32,408 as the buying interest may increase on approach to $37,000. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $42,000, $44,000, $46,000 Support Levels: $27,000, $25,000, $23,000 BTCUSD – Daily Chart BTC/USD is […]

Bitcoin Price Prediction – June 9The trade worth of Bitcoin pairing with the US fiat currency currently witnesses a price upswing after featuring some lower values below its lower range-line at $35,000. As of writing, the present trading situation sees the crypto economy trading around $36,272 at an increased rate […]

Bitcoin Price Prediction – June 9 The Bitcoin price is trading nicely above the $36,500 and the coin must climb above the $37,000 resistance to continue higher. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $43,000, $45,000, $47,000 Support Levels: $28,000, $26,000, $24,000 BTCUSD – Daily Chart BTC/USD […]

The bitcoin price bounced earlier today as market participants bought the dip. Yesterday the price slumped on news that China was extending its crack down on crypto, with Weibo accounts held by crypto traders and influencers suspended. The news led to steep losses for many cryptoassets. Bitcoin was off 8% […]

Bitcoin (BTC) Price Prediction – June 9, 2021 On May 8, Bitcoin declined to $31,000 support as Bitcoin risks $28,000 low. Following its initial fall from the $39,000 high, the king coin is making a gradual decline to the critical support at $30,000. BTC/USD has fallen to the bearish trend […]

The cryptocurrency market continues to weather bad news. Its value plunged by more than 9% overnight, after the US government revealed it had recovered $2.3 million in bitcoin paid out following the Colonial Pipeline ransomeware attack. (It’s likely that the FBI obtained the private key for the address from which […]

Here’s 5 cryptocurrencies to buy in this slump that will keep your portfolio in the green. The cryptocurrency market has witnessed a deep pullback in the past month, with bitcoin off 50% from its all-time high of $64,000. The market is still in a significant bear market, and anyone looking […]

Bitcoin Price Prediction – June 7The aftermath consequent range trading situation between Bitcoin as paired with the US Dollar has currently led the crypto market to downsize against the $35,000 level. Price is now trading around $34,587 at a reduction of -3.60 percent. BTC/USD MarketKey Levels:Resistance levels: $40,000, $45,000, $50,000Support […]

Bitcoin (BTC) Price Prediction – June 7, 2021 For the past 48 hours, BTC/USD has been fluctuating above $35,000 support as Bitcoin trades marginally. The recent bearish momentum from the $39,000 high extended to the low above $34,900. Bitcoin price found support as buyers continue to defend the critical support […]

Bitcoin Price Prediction – June 7 The Bitcoin price retested the $35,000 support level as it is now rising, but it must clear $37,000 and the moving averages for a steady increase. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $42,000, $44,000, $46,000 Support Levels: $31,000, $29,000, $27,000 […]

El Salvador bitcoin plans would make it legal tender in the country.  That’s the prospect held out by President Nayib Bukele who says he is sending legislation to the small central American country’s parliament to that effect. If approved, which is thought to be likely, it will be a world […]