Bitcoin Struggles to Sustain Above $58,000 Support, Lacks Buyers at Higher Price Levels
Bitcoin price consolidates above $56,500 support after an unsuccessful attempt to breach the $58,000 resistance. Reclaiming the $58,000 support propels BTC price to resume upside momentum.
Read More »Fraudsters Are Flourishing Amidst Bitcoin Fever: 23 Scams Happen Daily
Scammers are taking advantage of the bullish market of cryptocurrency to steal money. Since the interest in bitcoin, as well as other crypto-assets, has grown, criminals discovered it as a…
Read More »Bitcoin Miners Brought In $56 Million Per Day In April
Bitcoin miners generated more than $56 million on average per day in April 2021, making it the industry’s second strongest month ever. The Bitcoin mining industry saw its second strongest…
Read More »Bitcoin Reclaims $58,000 Support as Bulls and Bears Resume Price Tussle
On May 3, 2021, Bitcoin (BTC) price regained bullish momentum as bulls broke the $58,000 resistance. It appears that buyers have reclaimed the $58,000 crucial support.
Read More »Bitcoin Faces Stiff Resistance At $56,000, Massive Uptrend Is Likely
Today, Bitcoin dropped sharply to the $54,000 support after rejection from the $56,000 high. For the past three days, BTC price has been facing stiff resistance at the $56,000 high.
Read More »Bitcoin Recovers Above the $50,000 Psychological Price Level but Struggles In The Bearish Trend Zone
Bitcoin price has been recovering after falling to the low of $47,500 for the past four days. BTC/USD consolidated above the current support and retested it before resuming upward.
Read More »Bitcoin funding rate flips negative after $48K retest — Was it a bear trap?
Bitcoin price is more than 20% away from its all-time high, but the current negative funding rate on BTC futures might give bulls a unique advantage.
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Bitcoin is regarded as the leading cryptocurrency and is seen by many as the most profitable. Many companies have begun accumulating bitcoin, with Tesla recently purchasing vast amounts of bitcoins.
Read More »Bitcoin Recovers but Faces another Rejection at $57,000 Resistance Zone
BTC price recovers after plunging to $50,500 psychological price level. For the past 48 hours, Bitcoin has been rising as buyers attempt to breach the resistance at $57,000. The current…
Read More »Bitcoin Price Falls After Turkey’s Decision to Ban Crypto Payments
The price of Bitcoin has dropped by about 4% following the news by the central bank of Turkey to ban cryptocurrency payments starting from April 30.
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