Tag Archives: Bitfinex

Are crypto whales ramping up manipulation to shut-down the possibility for an ETF approval?

Are crypto whales ramping up manipulation to shut-down the possibility for an ETF approval?

The cryptocurrency markets experienced another dramatic crash yesterday, with almost two weeks’ worth of upside being completely undone within a matter of 12 hours. Just as Bitcoin was slowly working its way out of the $6,200 level to $7,400, it quickly crashed all the way back to a low of $6,250, taking Ethereum and the […]

Bitcoin Drops to $6,900 After Mysterious Whale Moves Over $100 Million To Crypto Exchanges

Bitcoin Drops to $6,900 After Mysterious Whale Moves Over $100 Million To Crypto Exchanges

Bitcoin has recently seen its price drop to little over $6,900 after it lost over $400 in only 90 minutes. The flagship cryptocurrency’s plunge notably comes shortly after a whale associated with the now-defunct Silk Road marketplace moved thousands of BTC to crypto exchanges. As CryptoGlobe reported, a bitcoiner that had been dormant since March 9, […]

Bitcoin (BTC) Downtrend Resistance Turns Into Strong Support Amid Bullish Comeback

Bitcoin (BTC) Downtrend Resistance Turns Into Strong Support Amid Bullish Comeback

Bitcoin (BTC) has been in a constant downtrend for the last few weeks. The price crashed especially hard during the last few days. The price did break below $6,000, but contrary to expectations, the price found support at what was previously a downtrend resistance as can be seen on the BTC/USD daily chart above. The fall slowed down […]

Failed Breakout Revives Bitcoin’s Bull-Bear Tug-of-War

Failed Breakout Revives Bitcoin’s Bull-Bear Tug-of-War

Bitcoin’s retreat from Sunday’s high of $7,779 has poured cold water over the bull mood generated by the weekend’s positive price action and neutralized the immediate outlook. BTC closed on Sunday (as per UTC) above a key falling trendline resistance level, signaling a short-term bullish-to-bearish trend change. A bullish crossover between the 5-day and 10-day […]