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Cautiously Bullish: Bitcoin Price Clears Key Trendline to Pass $6.6K

Bitcoin saw a low-volume bullish breakout Monday, but the long-awaited move is sending mixed signals to investors The leading cryptocurrency cleared the trendline sloping downwards from the July 25 high and Sept. 5 high around midday yesterday,…
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Bitcoin Price Makes Second Straight Monthly Loss in September

Bitcoin (BTC) is reporting losses for a second straight month, but there are hints of a bullish breakout ahead in the fourth quarter. At press time, the leading cryptocurrency is trading at $6,570 – down 6.30 percent from September’s opening…
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History Repeating? Why Ether’s Price Just Might Have Bottomed Out

In cryptomarkets, history doesn’t repeat itself, but it does rhyme. In light of ether’s emphatic and near 40 percent recovery in price since mid-September, we think the calls for an “ETH bottom” do have some merit. As it turns out,…
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Crypto Trading 101: The Moving Average Convergence Divergence

Simple trading methods like the trend-following approach work best when trading cryptocurrencies or financial markets in general. While several technical indicators help identify changes in the strength, momentum, and duration of a trend, none…
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Bitcoin Price Lacks Direction After Defense of $6,200

Bitcoin (BTC) is trapped in a no man’s land between $6,200 and $6,600, technical charts indicate. The bear flag breakdown witnessed on Monday was supposed to yield a drop to $6,000 (February low). However, the trendline connecting the June…
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Trading Legend Don Wilson: Asian Demand High for Bitcoin Futures

Don Wilson, founder of high-speed trading firm DRW, said bitcoin derivatives trading in Asia hours is almost equal to the volume he’s seen in the U.S., something he says is an anomaly when compared to other financial instruments. In a fireside…
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$6,550: Bitcoin Charts Suggest New Target for Price Rally

The corrective rally in Bitcoin (BTC) could gather momentum if key resistance above $6,500 is crossed on the back of high volumes, according to technical charts. The leading cryptocurrency witnessed a symmetrical triangle breakout last week,…
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Bitcoin’s Double-Digit Drop Negates Long-Term Bull Market

Bitcoin’s (BTC) double-digit drop has torn down the scaffolding of what had seemed to be a developing long-term bull market just days ago. That said, a bearish reversal is still not confirmed either, technical studies indicate. At press time,…
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Litecoin Founder: Dollar-Cost Average In, Accumulate Crypto Now

While crypto prices may have ostensibly kicked the bucket, there are some optimists who have done their best to disregard prices, focusing on the adoption and development of this space instead. Charlie Lee: Long-Term Price Of A Crypto Indicates…
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Bitcoin Dominance Rate Hits 50% For First Time in 2018

Bitcoin (BTC) now makes up 50 percent of the entire cryptocurrency market capitalization. Shortly past 03:00 UTC on August 11, CoinMarketCap’s bitcoin dominance rate – an indicator that tracks the percent of the total cryptocurrency market…