Tags : Underway

Bitcoin

Bitcoin Weekly Outlook: A Technical Damage Underway

Bitcoin eased on Monday after posting an incredible weekend rally that took its prices to another lifetime high. The flagship cryptocurrency fell by up to 7.75 percent from its record peak of $49,700, underscoring repeated sell-off attempts as the price eyes a close above $50,000, a psychological upside target. Meanwhile, support near the $45,500-level kept […]Read More

Bitcoin

Bitcoin On-Chain Data Indicates Extreme Profit Taking Underway

Bitcoin has pulled back $10,000 from highs set earlier in the year, and according to on-chain data, it is due to extreme profit taking from early investors and miners.  Here’s what past bull markets suggest about the current sell off and if this is an opportunity to “buy the dip,” or if the top is […]Read More