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Bitcoin Falls to $8,600 as Crypto Crunch Continues: What Are Analysts Thinking?

On Sunday, Bitcoin, after a brief weekend rally, saw a strong reversal at $10,000, failing to hold above this key psychological and technical support level. And since then, bulls haven’t stopped bleeding, so to say. After Blockonomi’s previous market update, Bitcoin continued to fall lower and lowe..

Analysts Wonder Where Bitcoin Will Bottom After it Tumbles Under $9000

Ever since the strong rejection at $10,000 seen on the weekend, Bitcoin has tumbled lower and lower, with the bearish trend that has formed showing no signs of abating. The trend has reached a point where over the past few minutes, the price of the leading cryptocurrency has spiked below $9,000 — t..

Bitcoin (BTC) Drops to $9,350 as Dow Jones Falters, But Bulls Are Still Hopeful

Over the past few hours, Bitcoin (BTC) has started to tank lower once again, reaching $9,350 just an hour or two ago on some exchanges. The asset has since seen a slight bounce, returning to $9,400. This means that in the past 24 hours, the price of the leading cryptocurrency has fallen by 3.25%, c..

Legendary VC Tim Draper Still Crazy Bullish on Bitcoin: Expects Rally to $250k

While the recent volatility has had some investors running scared, the cryptocurrency and blockchain’s space’s most fervent advocates and prominent investors remain committed to the Bitcoin cause. Case in point: on Monday, when he was invited to sit with CNBC’s show “Squawk Alley,” legendary ventur..

Bitcoin Once Again Falters: Dropping to $9,500 as Bears Maintain Control

Bulls, unfortunately, were dealt another blow on Monday, with Bitcoin continuing to sell off after rallying as high as $10,025 on the weekend. At the day’s low, the cryptocurrency was trading as low as $9,490 on some exchanges, far below the five-digit price point where it started the day. Despit..

Bitcoin Suffers From Weekend Volatility Again: How Are Analysts Responding?

Once again, for the second weekend in a row, the past few days saw Bitcoin whipsaw back and forth as the cryptocurrency market turned volatile. The chart below best illustrates this, as it shows Bitcoin’s sudden Saturday evening spike to $9,950 from $9,600, then the subsequent flash crash from the ..

Fund Manager Bullish on Crypto Despite Bitcoin’s 10% Crash

Bitcoin hasn’t done too well over the past few days. After failing to crack the key $10,300 resistance, the leading cryptocurrency, as detailed in a previous Blockonomi market update, plunged 10% in minutes from $10,300 to as low as $9,250 on some exchanges. This move liquidated over $120 million w..

Bitcoin Plunges to $9,500 Sparking Fears of Greater Bearish Reversal

It appears that bears don’t want to let bulls have their time in the limelight. After rallying as high as $10,300 on Wednesday morning, the price of Bitcoin began to falter. Following a clear rejection of $10,300 — a price level that analysts said would mark decisive resistance — the cryptocurrency..

Ripple Having a Swell Time as XRP Finally Pumps

Some crypto assets have had a worse 2019 that others and XRP is one of them. At the moment the Ripple token is still down 15% this year but that could be about to change as XRP finally starts to move in the lead up to the company Swell event next month. XRP Surges 20% October has been revival month..

Bitcoin Fractals May Indicate Next Move as Consolation Continues

Another day has passed with very little activity on Bitcoin markets. The king of crypto continues to consolidate as its trading channel tightens up in anticipation of another big move. Technical indicators may give us a clue as to which direction BTC will take next. Another Week at Support For Bitc..

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