Technical analysis

Big move coming soon for cryptos

Little action this week on the cryptocurrency market. Bitcoin is stable with +0.64% over the last seven days, trading around $9,700 (€8,700) on July 31. Despite the resistance at $11,000 hit on July 20, which has triggered a downtrend, Coinhouse remains bullish as long as the $9000/9100 support holds. Data from CoinMarketCap shows a stable…

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Will Bitcoin set new 2019 highs this summer?

Bitcoin starts this week with a decrease but remains rather stable over the last seven days. Bitcoin is trading at around $9,700 (€8,700) on July 24, up by 1.64% over a week. The bounce occured in our buying area of $9,100 (€8,100) but topped at $11,000 and the price has been dropping since last weekend. According to CoinMarketCap, market capitalisation is slightly increasing…

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Will the cryptocurrency market continue its rise?

Bitcoin and the overall cryptocurrency market have entered a very volatile cycle once again. Last week, the very strong increase in Bitcoin reversed just below $13,900 (€12,000). Compared to the high of June 26, Bitcoin has corrected 20% and trade at $11,100 (€9900) this Wednesday afternoon. According to CoinMarketCap, market capitalisation is down to $324…

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Bitcoin frenzy continues above $13,000

Incredible increase for Bitcoin this week. The cryptocurrency leader exploded by 36.52% and is trading around $12,400 (€10,900) on June 26 at 12pm. According to CoinMarketCap, market capitalisation is now up to $360 billion against $280 billion last week. Bitcoin market dominance explodes to 61.3%. Volumes remain high but no more so than last month:…

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