Bitcoin price recovers slightly from a setback to $10,250 support; more upside expected in the near term. If Bitcoin flips the 50 SMA into support; a symmetrical triangle breakout could propel it to $11,200. Bitcoin price continues to trade in consolidation between the support at $10,000 and the resistance at $10,400. Following the initial breakdown under $10,000, the flagship cryptocurrency has explored lows at $10,400. However, recovery has only made it above $10,400 ones while the resistance at $10,500 has never been broken. On Thursday, Bitcoin came close enough to break the resistance ..read more

Bitcoin bulls are working hard to nurture momentum above $10,300. BTC/USD is focused on climbing above $10,400 resistance and grinding to $10,800 after triangle breakout. Following Bitcoin price breakdown from levels marginally above $12,000, the flagship cryptocurrency has been stuck below $10,400. On the downside, $10,000 is mostly strong support but there are occasions where Bitcoin has dipped to lower levels as far as $9,800. At the time of writing, BTC is doddering at $10,304 after a subtle 0.75% growth in its value on Wednesday, September 10, 2020. BTC/USD 1-hour chart Read more BTC/U ..read more

Bitcoin may still be correcting from its 2020 high, but analytics indicate that there is still a lot of buying pressure and the bull run may not be over just yet. Bitcoin prices have been hovering around the $10,250 level for the past three days, down around 17% from their 2020 highs. A weekly candle closing above five figures has been seen as bullish by technical analysts, but exchange data could reveal even more reasons why this rally isn’t over yet. According to on-chain analytics from CryptoQuant, Bitcoin could still have ‘intense buying pressure’ because exchanges are holding more stable ..read more

Bitcoin price breakouts from a minor short term double-bottom pattern but fails to rise above $10,400 resistance. Bitcoin could be on its way to $12,000 as long as the range resistance at $10,600 is broken. Bitcoin price has been trading in a narrow range between the recently established support at $9,900 and the resistance at $10,600. The drab trading is taking place after last week’s sharp plunge from highs above $12,000. The losses were not unique to the flagship cryptocurrency because both major and minor cryptoassets lost key positions and explored lower levels. BTC/USD 1-hour chart Re ..read more

The extreme volatility in the cryptocurrency market caused a wavelike motion in the Bitcoin [BTC] market. BTC was cruising at its annual peak of $12.473 on 17 August and the selling pressure seeped in, causing the price to descend from this peak. However, on 2 and 3 September BTC market saw massive liquidations of longs as the price reached $9,987.86. This was the first time in seven weeks, BTC slipped under the $10k mark, but many traders expected for this to happen. BTCUSD 24-hour chart | Source: TradingViewPrice dump spikes liquidations The high volatility has given rise to high liquidatio ..read more

iFinex – the parent company of crypto exchange Bitfinex – along with Tether has filed a motion dismissing allegations of Bitcoin market manipulation. Crypto exchange Bitfinex faces accusations of Bitcoin manipulation using the USD-backed Tether (USDT) stablecoin. In the lawsuit, the plaintiff Bitfinex pumped billions-of-dollars worth USDT in the crypto market, without actually backing with the U.S. Dollar. Last October 2019, the plaintiff accused Bitfinex of anti-competitive and deceptive behavior in the Class Action Complaint (CAC). This complaint notes that such manipulation by Bitfinex led ..read more

Bitcoin price dropped as low as $10,000 yesterday with the altcoins following the pursuit. The dip began on Wednesday when leading crypto exchanges like Bithumb, Binance and Coinbase experienced issues like police raids and congestion due to high network fees on Ethereum. Investors still holding bullish sentiments are looking for reversal signs to buy the dip. According to update for data analytics firm, Coinmetrics, price quotes on Gemini are greater than other exchange pointing towards a bullish buyers inclination. Traders on @Gemini are buying the dip pic.twitter.com/K6UbdUJG7e — Coi ..read more

Bitcoin price extends the bearish leg to areas marginally below $10,000 after numerous trials to sustain gains past $12,000. Bitcoin price path of least resistance is now upwards following oversold conditions; support above $10,300 is essential. The leading cryptocurrency gave in to the apparent selling pressure in the market. However, this time, the fall was nothing compared to what we have in in the last two months. From highs marginally above $12,000, Bitcoin initially found a pit stop at $11,100 (a popular support area in August). Recovery was immediate but the flagship cryptocurrency f ..read more

Bitcoin loses ground from $12,000 to retest support at $11,100. A recovery pulled above $11,400 but BTC is not out of danger yet, especially if the price slides below the Ichimoku cloud. Bitcoin price has explored lows towards $11,000 once again. The largest cryptocurrency embarked on a support smashing exercise after failing to hold above $12,000 following a significant breakout on Monday. Bearish control is widespread across the market with other major digital assets like Ethereum and Ripple posting similar losses. At the time of writing, Bitcoin has recovered above $11,400. If bulls incr ..read more

Bitcoin price renews the uptrend but bulls fail to contain the gains above $12,000. BTC dominance in the market is falling mainly due to the stalling prices and the meteoric DeFi growth. Bitcoin price has in the recent weeks temporarily paused the uptrend that has put it head-to-head with the precious metal, gold. Following the dive to the lowest price of the year in March ($3,800), the correlation between the two assets (BTC and gold) grew significantly. On the other hand, the correlation between Bitcoin and the traditional market has in recent months dwindled. For instance, as Bitcoin sta ..read more