Short of Target: Bitcoin’s $1K Rally Leaves Bear Bias Intact

Short of Target: Bitcoin’s $1K Rally Leaves Bear Bias Intact

View Bitcoin’s short-term outlook will remain bearish as long as prices remain below $11,080 resistance. A break above that level would invalidate bearish lower-highs setup. The bulls may have a tough time forcing a break above $11,080 amid news of BitMEX exchange facing a regulatory probe and talks of harsher crypto regulation. Prices could drop below $10,000 in the next 24 hours with daily chart indicators continuing to report bearish bias. A weekly close (Sunday, UTC) above $12,000 is needed to revive the bullish view.
Bitcoin Price Jumps $1K in 30 Minutes to Top $10,000 Again

Bitcoin Price Jumps $1K in 30 Minutes to Top $10,000 Again

Bitcoin surged $1,000 in just 30 minutes during U.S. trading hours Thursday, a move that found the leading cryptocurrency rising from $9,335 to a high of $10,400, based on Bitstamp data. The sudden rally could be associated with the massive unwinding of short BTC/USD positions (profit taking) seen in 30 minutes to 15:00 UTC, as reported by bot powered twitter handle @WhaleCalls.
Altcoins Back on the Rise With Litecoin Leading the Charge

Altcoins Back on the Rise With Litecoin Leading the Charge

The crypto markets are once again back on the rise with litecoin (LTC) leading the way in the top 10 cryptocurrencies at CoinMarketCap. The price of bitcoin (BTC) jumped by more than $1,000 in the expanse of 30 minutes yesterday, with the rest of the market following suit, rising between 5-20 percent, while Litecoin (LTC) outperformed all other top 10 crypto by market capitalization.
Bitcoin Bounce Capped by $10K Price Resistance

Bitcoin Bounce Capped by $10K Price Resistance

View Bitcoin’s recovery from $9,049 to $10,000 lacks substance and may be short lived. Signs of bullish exhaustion near $10,000 have emerged on the 4-hour chart. A break below $9,580 would confirm the corrective bounce has ended and allow a drop to $9,000. Moving average (MA) studies and key indicators like the relative strength and the Chaikin money flow indices on the daily chart continue to call a bearish move. A high-volume break above $10,000 could yield a move to $10,400, but a 4-hour close above $11,080 is needed to invalidate the short-term bearish setup.
Bitcoin Price Looks South After Second-Largest 24-Hour Drop of 2019

Bitcoin Price Looks South After Second-Largest 24-Hour Drop of 2019

View Bitcoin closed below $9,614 on Tuesday, confirming a bearish reversal on the daily chart. The invalidation of bullish higher-lows pattern is backed by bearish developments on the short-term charts. Prices risk falling to $9,097 (May 30 high) in the next 24 hours. A close below that would expose the 100-day moving average line, currently located near $8,100. A key indicator is reporting oversold conditions as per the 4-hour chart, so a minor bounce before any drop below $9,097 cannot be ruled out.
The Case $7.5K Could Become Bitcoin’s New Price Support

The Case $7.5K Could Become Bitcoin’s New Price Support

Amidst a decline in the price of bitcoin, the world’s most valuable cryptocurrency could find support at $7,500 – that is if it follows past patterns on the charts. Bitcoin has faced selling pressure over the last few days, despite an impending golden crossover on the three-day chart – a bullish crossover of the 50- and 200-candle moving averages, as discussed last week.
Key Bitcoin Price Indicator Turns Bearish in First Since December

Key Bitcoin Price Indicator Turns Bearish in First Since December

View Bitcoin could fall to the July 2 low of $9,614 and may break lower in the short-term, as the widely tracked MACD (moving average convergence divergence) histogram on the three-day chart has turned bearish for the first time since December. Buyer exhaustion above $12,000, as seen on the weekly chart, also supports the case for a stronger correction. Dips below $9,000 could be short-lived, courtesy of an impending golden crossover on the three-day chart.
Below $10K: Bitcoin Price Drops $1.4K in 24 Hours to Hit 2-Week Low

Below $10K: Bitcoin Price Drops $1.4K in 24 Hours to Hit 2-Week Low

The cryptocurrency markets fell sharply on July 14 after bitcoin (BTC) endured another $1,400 sell-off, denying the bulls a chance to revisit 2019 highs. At 09:00 UTC on July 14, BTC began to shed $1400 from its price tag, dropping below $11,000 and then $10,500 for the first time since July 2. Prices had initially attempted to rally above $10,800 but were stopped short as a quick reversal to momentum brought prices reeling back below $10,000. BTC’s price has since fallen victim to the continual bearish sell-off and is currently changing hands at $9,974 at time of writing.
Bitcoin Unaffected as Markets Shrug Off Trump’s Critical Tweets

Bitcoin Unaffected as Markets Shrug Off Trump’s Critical Tweets

Donald J. Trump has just tweeted his disapproval for cryptocurrency. On Thursday evening, the US president stated in a tweet that unregulated crypto assets possess the ability to facilitate unlawful behavior, so far the markets have been slower to react. Having rose from a local low of $11,187 to $11,532 late evening on July 11, BTC was on the up moments before Trump’s tweets began.
Bitcoin’s 3-Day Price Charts Point to an Impending ‘Golden Cross’

Bitcoin’s 3-Day Price Charts Point to an Impending ‘Golden Cross’

A bitcoin price indicator is about to turn bullish for the first time since the early stages of the 2016-17 bull market. The 50-candle moving average (MA) on bitcoin’s three-day chart is in a solid upward trajectory and looks set to cross above the 200-candle MA in the next few days. That would be the first golden crossover on the three-day chart since early February 2016. CoinDesk reported on a golden cross for bitcoin’s daily chart back in April. Seasoned traders often refer to that long-term bull market signal as a lagging indicator.
Bitcoin Dips $1k In 1 Hour As Markets Take A Hit

Bitcoin Dips $1k In 1 Hour As Markets Take A Hit

The cryptocurrency markets fell sharply on July 10 after bitcoin (BTC) suffered another $1000 sell-off, denying a bullish breakout that looked primed to test its recent 2019 highs. At 14:00 UTC On July 10, BTC shed $962 from its price tag in a little over an hour, landing just above the $12,000 psychological support before another wave of sellers dragged it to a peak low of $11,550.  Prices had initially attempted to rally above $13,200 but were stopped short as a quick reversal to momentum brought prices reeling back below $12,000.
Bitcoin Price Eyes Move Above $13K as Dominance Rate Hits 2-Year High

Bitcoin Price Eyes Move Above $13K as Dominance Rate Hits 2-Year High

View Bitcoin’s violation of recent bearish lower highs with a move above $12,061 has opened the doors for a retest of $13,880. Prices reinforced the bull breakout with a successful defense of the former resistance-turned-support of $12,061 soon before press time. Bitcoin’s dominance rate has spiked to 27-month highs, backing the uptrend in prices. A high-volume UTC close below $12,000 would abort the bullish view.
Bitcoin Price Nears $12K After Rising $500 in Minutes

Bitcoin Price Nears $12K After Rising $500 in Minutes

View BTC could rise to key resistance at $12,061 in the next few hours, as the hourly chart is reporting a symmetrical triangle breakout. A  high-volume break above $12,061 would invalidate the bearish lower-highs pattern and open the doors to the recent high of $13,880. However, a break with low volumes could turn out to be a bull trap, especially as the weekly chart indicators continue to report overbought conditions. On the downside, a move below $10,769 (July 5 low) would expose last week’s low of $9,615.
XRP Was Worst Performing Top-10 Crypto in H1 – But BNB Shone

XRP Was Worst Performing Top-10 Crypto in H1 – But BNB Shone

The first half of 2019 brought goods times for cryptos in general, and particularly Binance coin. XRP, though, eked out relatively meager gains. The third largest cryptocurrency by market capitalization closed at $0.396411 on June 30, representing 12.45 percent gains on the 2019 opening price of $0.352512 seen on Jan. 1, according to data source CoinMarketCap. While not terrible by any normal standards, the double-digit price gain pales in comparison to binance coin’s (BNB) staggering 424-percent rise.
Dogecoin Price Surges 37% Following Binance Listing Announcement

Dogecoin Price Surges 37% Following Binance Listing Announcement

The price of the popular dogecoin cryptocurrency is surging after the announcement that it will soon be listed on the Binance exchange. Binance said in a support notice that trading will open for dogecoin (DOGE) at midday (UTC) Friday. The exchange will at launch offer trading pairs for DOGE against Binance coin (BNB) and bitcoin (BTC), as well as the stablecoins tether (USDT), Paxos standard (PAX) and USD Coin (USDC).
Bitcoin Price Drops 5% But Rebound Likely, Charts Suggest

Bitcoin Price Drops 5% But Rebound Likely, Charts Suggest

View BTC has fallen more than $1,000 in the last 24 hours, establishing a bearish lower high at $12,061. A high-volume break above $12,061 is thus needed to revive the bullish view put forward by a bearish channel breakout seen in the 4-hour chart earlier this week. That would open the doors to $13,880. A move below Wednesday’s low of $10,830 would shift risk in favor of a drop to Tuesday’s low of $9,614. Bitcoin’s (BTC) price needs to break above $12,061 to mitigate bearish pressure.
Bitcoin Eyes Independence Day Price Gains for Fifth Year Running

Bitcoin Eyes Independence Day Price Gains for Fifth Year Running

View Bitcoin could rise above $12,000 with the daily chart reporting a bullish reversal. A high-volume bullish breakout on the hourly chart indicates scope for a rise to the bearish lower high at $12,448. BTC could yet post losses today, however, if prices find acceptance below key support at $11,385. Bitcoin (BTC) looks set to close in the green on U.
Litecoin Outperforms Top-10 Cryptos Ahead of August Reward Halving

Litecoin Outperforms Top-10 Cryptos Ahead of August Reward Halving

With the supply of new coins to be halved in less than five weeks, litecoin is outpacing its peers. The fourth-largest cryptocurrency by market capitalization is currently trading at $123, representing 5 percent gains on a seven-day basis, according to data source CoinMarketCap. Meanwhile, bitcoin, the top cryptocurrency by market value, is currently reporting a meager 1 percent gain on a weekly basis. Other top-10 cryptocurrencies are trading mixed as seen in the table below.   Cardano, down 10 percent, is the worst performing top-10 cryptocurrency over the last seven days.
Bitcoin Rallies $2K in 24 Hours But Price Hurdles Remain Intact

Bitcoin Rallies $2K in 24 Hours But Price Hurdles Remain Intact

View Bitcoin has risen nearly $2,000 in the last 24 hours, establishing strong support at $9,600. The outlook, however, would only turn bullish once the bearish lower-highs pattern is invalidated with a move above $12,448. A breakout, if confirmed, could be followed by a rise to or above the recent high of $13,880. Bitcoin could fall back to $9,600 if prices fail to hold above $10,830 in the next 24 hours, validating the bearish crossover of the 5- and 10-day moving averages.
June Sets Records for CME Bitcoin Futures as Sign-Ups Surge 30%

June Sets Records for CME Bitcoin Futures as Sign-Ups Surge 30%

CME’s bitcoin futures product is continuing to show signs of increased popularity, with June setting a new record for open interest amid a surge of new account sign-ups. More than 2,960 accounts have traded CME Group’s bitcoin (BTC) futures across all client types and time zones since launch, according to new data from the derivatives marketplace. In 2019 alone, there has been more than 950 new accounts created, marking a 30 percent increase in total client sign-ups, CoinDesk has learned.
Bitcoin Price Dips Below $10K With Deeper Losses Likely

Bitcoin Price Dips Below $10K With Deeper Losses Likely

View Bitcoin has dropped below $10,000 for the first time in 11 days, reinforcing the buyer exhaustion signaled by the weekly chart, as discussed yesterday. The daily chart indicators have turned bearish, while the 4-hour chart is reporting a bearish lower-highs, lower-lows pattern. As a result, the price could slip further toward the former resistance-turned-support of $9,097 (May 30 high) in the next couple of days.
Bitcoin Charts Hint At Price Pullback to Below $10K

Bitcoin Charts Hint At Price Pullback to Below $10K

View Bitcoin could fall below $10,000 this week as a strong sign of buyer exhaustion have emerged on the weekly chart in the form of “gravestone doji” candle. A bear cross of short-term moving averages and weakening buy pressure on the daily chart also suggest scope for a drop. The case for a price retreat into the four digits would weaken if bitcoin jumps above $12,450, invalidating a bearish pattern on the 4-hour chart. That would open the doors to a retest of the recent high of $13,880.
Bitcoin’s ‘Kimchi Premium’ Returns With $1K Price Spreads on Crypto Exchanges

Bitcoin’s ‘Kimchi Premium’ Returns With $1K Price Spreads on Crypto Exchanges

Bitcoin may be back over $10,000, but the price increase is bringing with it similar market inconsistencies as seen in the cryptocurrency’s meteoric 2017 ascent. At press time, bitcoin prices in South Korea are once again trading at a notable premium to Western exchanges. The spread, popularly known as the “Kimchi Premium” after a Korean preserved food dish, rose to $1,048 on Sunday, the highest level since Feb.
Down $1.7K: Bitcoin’s Price Dives Amid Crypto Market Boost

Down $1.7K: Bitcoin’s Price Dives Amid Crypto Market Boost

Bitcoin is down more than $1,700 since yesterday after a violent sell-off that rocked the markets and caught even seasoned traders off-guard. At 16:00 UTC on June 27, the world’s largest cryptocurrency by market capitalization, bitcoin (BTC), suffered a steep correction in its price, dropping to a low of $10,300 after eight straight days in the green.
Bitcoin Heading for Fifth Month of Gains Despite Price Correction

Bitcoin Heading for Fifth Month of Gains Despite Price Correction

View Bitcoin is still on track to close with gains for the fifth straight month, despite having witnessed a double-digit technical correction in the last 36 hours. The hourly chart shows the pullback has ended and prices could revisit recent highs over the weekend. With a reward halving due in May 2020 and increased institutional participation, prices could rise further in the second half of this year. A break below the May 30 high of $9,097 would invalidate the bullish outlook as per the daily chart.