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Bitcoin is Pushing Against a Crucial Level as Chances of an Explosive Rally Grow

Source Node: https://bitcoinist.com/bitcoin-is-pushing-against-a-crucial-level-as-chances-of-an-explosive-rally-grow/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-is-pushing-against-a-crucial-level-as-chances-of-an-explosive-rally-grow
Time Stamp: August 6, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin and the entire crypto market saw a strong afternoon yesterday. This allowed BTC to push up towards $11,800 The cryptocurrency is now caught within what will likely be a short-term consolidation phase at just under $12,000 Whether or not it can surmount this crucial resistance today will help offer insights into its short-term outlook One analyst explained in a recent tweet that yesterday’s daily close does seem to indicate that a break above this level is imminent The recent uptrend has also allowed Bitcoin to break out of a

Stocks Fly and Precious Metals Fly, Bitcoin Remains Firm

Source Node: https://www.bitcoinmarketjournal.com/stocks-fly-and-precious-metals-fly-bitcoin-remains-firm/
Time Stamp: August 5, 2020 9:44 AM - Modified On: May 21, 2021 - Published By:
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Even though we said in yesterday’s update that we weren’t going to cover the Microsoft TikTok talks, it seems things have now escalated to the point where it seems difficult to ignore, especially in light of unprecedented intervention from the president. Shortly after we hit the send button, President Donald Trump stated that TikTok now has a deadline of September 15 to sell off all its U.S. operations to an American company, be it Microsoft, Apple, or anyone else. In addition, the president has stated that the U.S. Department of

This Newly Formed Structure Could Cause Bitcoin to See Major Losses

Source Node: https://bitcoinist.com/this-newly-formed-structure-could-cause-bitcoin-to-see-major-losses/?utm_source=rss&utm_medium=rss&utm_campaign=this-newly-formed-structure-could-cause-bitcoin-to-see-major-losses
Time Stamp: August 4, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin and the aggregated cryptocurrency market are currently in a precarious position following the series of strong rejections seen yesterday evening The selling pressure incurred as a result of these rejections has not yet been enough to force BTC or other assets below their crucial support levels That being said, analysts are growing increasingly cautious on BTC’s near-term outlook One trader explained that a recently emerged technical pattern seems to indicate downside is imminent It is important to note that there is one fundamental development that could invalidate this pattern

Analyst: Closing Above This Crucial Level Could Catapult Bitcoin to New Highs

Source Node: https://bitcoinist.com/analyst-closing-above-this-crucial-level-could-catapult-bitcoin-to-new-highs/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-closing-above-this-crucial-level-could-catapult-bitcoin-to-new-highs
Time Stamp: August 4, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin appears to have entered a clear consolidation phase as it trades within the lower-$11,000 region Overnight the crypto faced a slight rejection after buyers tried to push it up towards its near-term resistance Buyers were not able to surmount the heavy selling pressure that existed within this region, and the crypto fell back to its support at $11,000 Analysts are now noting that BTC could be just a stone’s throw away from seeing an explosive rally higher There is one crucial level it needs to close above for this

Bitcoin Joins the Alt-Season Breaking $10k: The Crypto Weekly Market Update

Source Node: https://cryptopotato.com/bitcoin-joins-the-alt-season-breaking-10k-the-crypto-weekly-market-update/
Time Stamp: August 1, 2020 7:09 AM - Modified On: May 21, 2021 - Published By:
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This week was nothing short of exciting in the cryptocurrency markets. Bitcoin definitely woke up from its slumber and made a few aggressive moves upwards. Altcoins felt the pain as most of them decreased in value as the king of crypto took its toll.In seven short days, Bitcoin went from around $9,600 to $11,400, charting gains upwards of just shy of 20%. Earlier on Monday, the cryptocurrency catalyzed its performance, jumping from $9,800 to $11,200. After that, it consolidated for a few days, and just today, it painted fresh 2020

Crypto Tidbits: Bitcoin Explodes Past $11k, Ethereum 2.0 Nears, Cardano’s Shelley Launches

Source Node: https://www.newsbtc.com/2020/08/01/crypto-tidbits-bitcoin-11k-ethereum-2-cardano-shelley/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-tidbits-bitcoin-11k-ethereum-2-cardano-shelley
Time Stamp: August 1, 2020 12:00 AM - Modified On: May 21, 2021 - Published By:
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Another week, another round of Crypto Tidbits. It’s been an explosive week for the Bitcoin and crypto market, to say the very least. Bitcoin surged from under $10,000 to as high as $11,500 this week. Over the past seven days, the asset has gained approximately 20% — the best weekly performance in many months. Chart of BTC's price action over the past two weeks from TradingView.com Bitcoin’s recent price action comes as a breath of fresh air for crypto traders, which had to deal with BTC flatlining in the $9,000s for