Tag: market analysis

Bitcoin Faces Potential Price Drop After Failing to Maintain Key Support

Bitcoin Faces Potential Price Drop After Failing to Maintain Key Support

Bitcoin’s pullback to $105,250 on Tuesday implies the possibility for additional price drop. After recently failing to close above $109,000 on both Sunday and Monday, fears deepened among investors as the cryptocurrency has shown signs of weakening.Technically Bitcoin’s price is trapped between a downtrend line and moving averages. All of...

Bitcoin's Price Drop: Why This Isn't the End (It's the Beginning)

Bitcoin's Price Drop: Why This Isn't the End (It's the Beginning)

Okay, so Bitcoin took a dip. You panicked, maybe sold. I get it. Those crimson digits can hit you with a fight-or-flight response life or death anxiety that reaches back to our hominid ancestors. In those days, scarcity meant doom. Here's the thing: freaking out about a Bitcoin price drop...

Bitcoin Eyes $143,000 Target as Key Resistance Nears

Bitcoin Eyes $143,000 Target as Key Resistance Nears

Bitcoin is exhibiting strong performance this year, outperforming traditional markets, and analysts predict further gains should it breach a critical resistance level. After being declared dead just months ago, crypto is up 15% on the year, trouncing the S&P 500’s measly 5% advance. Bullish determinants Campbell lists a number of...

Bitcoin's Price Swings Amidst Intraday Volatility, Trades Near $108K

Bitcoin's Price Swings Amidst Intraday Volatility, Trades Near $108K

To that end, Bitcoin showed extreme trading fluctuations, at 24-hour lows of $107,194 and highs of $108,489. Despite these swings, Bitcoin traded at $107,937 as of 22:22 UTC on Sunday, marking a 0.54% increase over the past 24 hours. The cryptocurrency demonstrated resilience with established support at $107,300, where multiple...

Bitcoin's Neutral Zone: What On-Chain Data Says About the Future

Bitcoin's Neutral Zone: What On-Chain Data Says About the Future

Bitcoin is at a critical junction of market neutrality, with opportunities and challenges that require smart investing. Bitcoin’s price, despite this distraction, is nevertheless presently trading roughly 10% below that high-water mark. Traders are watching this move closely as bulls look to retake these higher levels, which would likely confirm...

Bitcoin Blasts Past $107K! Is a New All-Time High Next?

Bitcoin Blasts Past $107K! Is a New All-Time High Next?

Bitcoin is once again front and center, luring investors from all over the world. It’s been trading close to $107,000 and is displaying amazing strength in the wake of persistent geopolitical turmoil. This resurgence has reignited the debate: Is a new all-time high within reach? BlockTraderHub.com investigates what’s behind the...

Bitcoin Stuck? Analyzing the Demand Needed for a Breakout

Bitcoin Stuck? Analyzing the Demand Needed for a Breakout

Bitcoin has become an obsession for investors and traders, with its price movements always in the news. So far, the digital asset has been going through a period of consolidation. It currently bounces between $100,000 and $110,000, where it has built some level of support. BlockTraderHub.com is proud to publish...

Bitcoin's Dip? 3 Reasons Why This Is Actually GOOD News

Bitcoin's Dip? 3 Reasons Why This Is Actually GOOD News

Okay, let's talk Bitcoin. You’re seeing it in the headlines and in all of the charts that have gone down in red. That could actually be raising a ball of dread in your gut. Is the party over? Is Bitcoin finally crashing back to earth?I’m here to tell you that...

Bitcoin's Stalling: Is Fed's Inflation Fight Crushing Crypto Dreams?

Bitcoin's Stalling: Is Fed's Inflation Fight Crushing Crypto Dreams?

Here's the harsh truth: your dreams of financial freedom fueled by Bitcoin might be getting choked by something you probably hadn't considered – the U.S. Federal Reserve's relentless battle against inflation. One minute, you read Bitcoin being peddled as a hedge against inflation, a digital gold, a way to achieve...

Bitcoin's 40% Portfolio Call Freedom or Foolishness?

Bitcoin's 40% Portfolio Call Freedom or Foolishness?

Ric Edelman telling you to dump 40% of your portfolio into crypto. Forty. Percent. Let’s face it, that’s not testing the waters, that’s a cannonball into the deep end. And while the siren song of crypto riches is tempting, especially when traditional investment models feel…well, traditional, we need to ask...