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Technical Analysis


Bitcoin’s price rose above $6,500 Thursday, offering some respite for the badly battered bulls. The world’s largest cryptocurrency by market capitalization had fallen to $6,138 Wednesday at 16:00 UTC – its lowest level in 26 days, according to Bitfinex data. Yet, bitcoin’s price was last seen at $6,500, up 5 percent from its most recent low. …

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Bitcoin’s price continues to hold ground amid a market sell-off, with growing momentum building to take out its next target of $8,000. The world’s largest cryptocurrency by market capitalization fell 3 percent over the weekend, hitting $7,333, according to Bitfinex data, after a quick sell-off from investors dragged down market prices. As it turns out, …

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Tom Goldenberg is chief technology officer at Commandiv, a combined stock and crypto trading platform providing investors with automated trade recommendations and rebalancing tools.  The New York Times economist Paul Krugman keeps bashing bitcoin. Why would you trade such a volatile asset, he asks, if it lacks fundamentals? “So, bitcoin just lost half its value. Where does …

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