June 08, 2021

Bitcoin Market Analysis: Market Crashes Following Consolidation

The cryptocurrency market continues to affirm its immensely volatile nature as Bitcoin (BTC) and the altcoin sector suffered a massive crash over the past 24 hours. This crash comes following a protracted period of consolidation in the market. Given that Bitcoin finds it hard to stay still for too ...

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June 06, 2021

Bitcoin Market Analysis: Square Announces Bitcoin-related Project Plans

Jack Dorsey’s Square Inc has announced that it has two Bitcoin (BTC) projects lined up on the horizon. The first involves the company investing $5 million in a solar-powered Bitcoin mining facility. To conduct this task, Square has partnered with Blockstream Mining, a Canadian blockchain-based tech...

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June 06, 2021

Bitcoin (BTC/USD) Price Nears Lower Range-line

Bitcoin Price Prediction – June 6It appears that the BTC/USD market operations have continually featured in well-defined range-bound areas over some days. In the last few hours, the crypto’s price trades around the level of $36,000 at an average of 1.19 percent increase. BTC/USD MarketKey Levels:Re...

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June 03, 2021

Bitcoin Market Analysis: CryptoQuant Reveals Bullish Potential for BTC

According to a new report from CryptoQuant, Bitcoin (BTC) might be on its way to a massive leg up based on several on-chain indications. Some of these indications include the fact that miners have stopped offloading newly-minted coins into the market, likewise long-term hodlers. Also, the Stablecoi...

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June 03, 2021

Bitcoin (BTC/USD) Approaches Resistance of $40,000

Bitcoin Price Prediction – June 3Over a couple of notable trading days’ sessions back now, the market of Bitcoin pairing the US Dollar has mostly traded around or a bit below the resistance level of $40,000. Price, as of writing, trades around the value of $37,878 with about a 3.90% increase. BTC/U...

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June 01, 2021

Bitcoin Market Analysis: Long-Term Holders are Not Selling

According to the weekly on-chain report from analytics company Glassnode, the rate at which older Bitcoin (BTC) gets spent has decreased significantly. This insight is indicative that many traders are willing to hold their assets through the current market consolidation. Glassnode noted that: “A pe...

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May 30, 2021

Bitcoin Price Analysis: Market Regains Modest Bullish Momentum

Last week, the crypto market saw billions of dollars flow out of the industry as Bitcoin (BTC) struggled to stay afloat. After a failed attempt at the $40k level, BTC plunged below the $34k level yesterday. At press time, the benchmark cryptocurrency trades at $36,200 per unit and is up by 4.7% aga...

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May 30, 2021

Bitcoin (BTC/USD) Hits $40,000 Resistance While Rallying

Bitcoin Price Prediction – May 30In the recent wake of trying to rally from a falling force, the Bitcoin’s valuation as pairing with the US Dollar hit $40,000 resistance to now trade at a lower level of around $34,909. As of writing, the crypto-economy records a 0.45% increase. BTC/USD MarketKey Le...

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May 27, 2021

Bitcoin Remains Choppy Despite Renewed Investor Optimism

Bitcoin (BTC) and the rest of the cryptocurrency industry slipped lower in the early hours on Thursday. However, the cryptocurrency did not fall to its recent lows as most traders are optimistic that BTC is recovering. Bitcoin fell to the $37,120 low in the Asian session today, while Ethereum (ETH)...

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