If this past weekend is any indication of the current bull market cycle, then an altcoin season may be well underway. Similar to previous cycles, after Bitcoin (BTC) makes a significant run-up in price and then enters a consolidation period, funds begin to migrate into large and small market cap altcoins. Data from Cointelegraph Markets and TradingView shows that while Bitcoin traded in a range between $57,000 and $60,200 over the past week, multiple altcoins saw double-digit gains as exchange listings and protocol developments brought a new wave of enthusiasm and trading volume for select projects. Tron ecosystem leads the …
Bitcoin (BTC) price broke through the $35,000 resistance and appears to be stepping into a new range that would see the price trade between $38,000 to $40,000. Today’s recovery from the $34,000 level also appers to have invalidated what looked to be a bearish head and shoulders pattern forming on the 4-hour timeframe. Reclaiming the $36,000 level as support may also assist with squashing the infantile narrative that Bitcoin price was entering a new bear market after this week’s 26.5% plunge shaved off $200 billion from the total cryptocurrency market capitalization. Despite this plunge, financial advisers continue to develop a …
Within the last hour, the Bitcoin (BTC) price rallied to set a new all-time high at $29,000. On Dec. 29, the Bitcoin price attempted to push through a stiff resistance cluster at $28,500, but after rallying to $28,600, the price rejected with a sharp correction to $27,300. Today’s move to $29,000 came after a high-volume surge pushed through the $28,500 resistance, but the battle for $30,000 is far from over. Data from Material Indicators shows there are still sell walls near the $30,000 level at Binance and other major cryptocurrency exchanges. Barring another sustained high-volume surge in purchasing volume, the …
On Feb. 8 Bitcoin (BTC) price broke out to a new all-time high at $46,794 after documents from Tesla revealed that the company had allocated 7.7% of its gross cash position to BTC. The purchase gives Tesla a sizable $1.5 billion position in the top-ranked digital asset. Data from Cointelegraph Markets and TradingView shows Bitcoin is currently up by 18.5% and trading near $46,000. Meanwhile, the majority of altcoins and DeFi tokens have also surged to notch double-digit gains for the day. While some analysts are speculating on which large company will be the next to jump on the Bitcoin …
The price of Bitcoin (BTC) hurtled toward $64,000 in a fresh round of bullishness on Oct. 25 as the market left a weak weekend behind. Bitcoin daily gains near 7% Data from Cointelegraph Markets Pro and TradingView confirmed solid 6.5% gains for BTC/USD in the 24 hours leading up to 4:00 pm UTC on Oct. 25. The pair erased its previous losses, which arrived as part of a comedown from new all-time highs seen last week. As has become customary this month, Bitcoin began rising into the start of trading on United States stock markets, with $64,000 being the next …