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Archive for April 2020

Bitcoin Volumes Leap Pre-Black Thursday Levels Ahead of Halving

Bitcoin volumes surged dramatically after Black Thursday, a March 12 event that saw the price crashing by more than 50 percent. The average volume recorded ahead of Bitcoin’s mining reward halving came out higher than pre-Black Thursday levels. The statistics show better market strength, hinting further price gains in the future. Trading activity for bitcoin…

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3 Bearish Factors Could Catalyze a Strong ETH Correction

Despite Ethereum’s rejection at $200 and Bitcoin’s similar rejection at $7,800, the cryptocurrency market has held strong over the past 24 hours. Case in point, Ether continues to trade for $194, just shy of the weekly highs and above the $180-190 region, which analysts have identified as a zone of support. Unfortunately, analysts are starting…

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Ethereum’s Aggressive Bids are Dissolving as Buyers Grow Weak

Ethereum has seen a slight rejection from its recent highs in the time following its decline from just below $200 Analysts are noting that there are multiple separate technical factors that point to an imminent breakdown One such factor is a major decline seen in the cryptocurrency’s buying pressure, which has been dissolving throughout the…

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