Crypto

On November 28, the price of the world’s largest cryptocurrency, Bitcoin, has been consolidating over $17,000, following a major correction from $19,400. According to traders, Bitcoin will see another steep pullback in the near term. There are three main reasons why traders expect  more profound decline to happen: 1)  Historical cycles. 2) the Fibonacci Sequence. …

Bitcoin will see another steep pullback in the near term Read More »

On Thursday, Bitcoin declined by more than $2,200, which is its biggest one-day fall in three months. Bitcoin’s price had dropped by 11% and settled at $16,725, while its price increased by 21% during November. Significantly, the dominant cryptocurrency gained 138% during the year. On Wednesday, the world’s largest cryptocurrency reached its highest level since …

Ki-Young Ju believes Bitcoin will hit 20K after a decline Read More »

On November 26, the price of Bitcoin sharply declined by 16% to $16,334, while in the previous session, its peak at $19,484. According to data, cascading liquidations were the driving force on the massive correction. Significantly, before the pullback, the open interest of the dominant cryptocurrency futures market reached a new record high. Moreover, the …

Bitcoin declined by 16% to $16,334 Read More »

According to the latest news, the dominant cryptocurrency Bitcoin reached $19,569 on Coinbase, which is its highest level since December 2017. Bitcoin is close to surpassing its record high; however, there are some warning signs to note. There are three potential reasons BTC faces the possibility of a pullback at $20,000 are a bull trap, …

Reasons why Bitcoin price nears $20,000 Read More »