With central banks this week announcing a slew of both fiscal and monetary policy measures to essentially borrow and buy their way out of any economic crisis, it wouldn’t be…
While Bitcoin continues to hog headlines, the altcoin market continues to persist as projects and their teams continue to persist in the face of strong headwinds and low trading volumes.
Aside from crypto bellwether Bitcoin, Ethereum, the second-largest in terms of market capitalization, is another cryptocurrency that has become a prominent name in the space over the years.
Cryptocurrencies have moved relatively sideways over the past week, but Bitcoin surged past a key level of resistance before crashing through the same level of support which was not there.
The Bitcoin price appears to be in a symmetrical triangular pattern with declining volume which should reach a breakout point within this Thursday.
As for crypto market, the past week has seen about 17% volatility peak-to-trough, which for all intents and purposes would attract no more than a yawn.
Bitcoin, as young and volatile as it is, plunged more than 60% from a 2020 high of $10,500 down to a swing low at $3,850 in just a matter of…
Bitcoin busted some serious moves last week, crashing by over 40% at one point before traders (or speculators) sensed a buying opportunity and lapped it up back above US$5,000.
This week has been a bad start for the cryptocurrency market so far, the overall is in the bearish territory along with oil and equity markets.
A quick look at the Bitcoin price charts over the past week seem to tell a single and simple story, from the top left to the bottom right. From testing…