Bitcoin Back in Sync with Gold After More than a Month of Consolidation – New 2020 Highs on the Horizon?
After a prolonged consolidation period spanning most of June and July, Bitcoin sprung into action and crossed the critical $10,000 level earlier on July 26, before a mild correction, followed by another surge that took it near $10,500, one of the key resistance levels...
After the Halving: Bitcoin Inching Towards a $10K Breach Despite Volatility
Bitcoin, the largest digital currency by market cap, underwent its third block reward halving last month, on May 11, 2020, in what was a much-anticipated fundamental development. From lows of around $8,200 on halving day, Bitcoin rallied over 25% to touch $10,400 on...
Bitcoin Ends April up 35% Ahead of Supply Tightening
Bitcoin’s proponents have long anticipated the upcoming block reward halving, an event that halves the rate at which new Bitcoins can be generated. This is an automated process to curb Bitcoin supply and lead to scarcity, as opposed to fiat currencies like the US...
Bitcoin Price Awaits Market Catalyst; Long Term Prospects Remain Bullish
Bitcoin has entered another tight consolidation pattern after falling from its late-October surge, at the back of Chinese-media hype. As we indicated earlier, the
