technical analysis

MrBitcoin July 3, 2020

Bitcoin is seemingly stuck in no man’s land. As this outlet has covered extensively, the cryptocurrency has been caught between a crucial support and a crucial resistance; every time BTC attempts to break past $8,500 or $10,000, it is rejected. There is a growing sentiment that down will be the direction that Bitcoin eventually breaks, […]

MrBitcoin June 30, 2020

It’s been a tough past few days for Bitcoin traders. After holding ~$9,400, the cryptocurrency temporarily slipped under $9,000 on the weekend. In the process, dozens of millions of BitMEX longs were liquidated. Yet an analyst has asserted that there’s a high likelihood BTC revisits $10,500. Bitcoin then surmounting that level may lead to even […]

MrBitcoin June 27, 2020

Bitcoin has been coiling for a breakout over the past few weeks. The cryptocurrency has traded in the low-$9,000s, stuck between heavy support at $8,500 and heavy resistance at $10,000. Soon enough, analysts have said, something will break. According to a prominent trader, Bitcoin is more likely to break this consolidation to the downside rather […]

MrBitcoin June 21, 2020

After the block reward halving in May, Bitcoin’s mining ecosystem was immediately thrown into disarray. The revenue of miners was effectively halved overnight, forcing many miners with tight profit margins to go offline as they could not maintain a positive cash flow in the wake of the event. This resulted in a slowdown in transaction […]

MrBitcoin May 31, 2020

Although Ethereum is still over 80% below its all-time high price, the asset has registered extremely positive price action over recent months. From the March capitulation lows of $88, the asset is up over 175%. And in the past day alone, ETH is up 10%, outperforming basically all other cryptocurrencies in circulation. The recent uptrend […]

MrBitcoin May 14, 2020

Bitcoin has mounted a strong 6% comeback over the past 24 hours, but this hasn’t stopped XRP from underperforming, posting a gain of 1% in the same time frame. While a small difference, analysts think that this underperformance is a precursor to a strong drop in the price of the altcoin. Two analysts, in fact, […]