KonstantinAnissimov

KonstantinAnissimov

On 15th of September, Bitcoin continued its steady growth after breaking through its sideways trend against USD on Monday. The BTC/USD quote added $135 or 1.26% on Tuesday. Meanwhile, Ethereum lost considerably on Tuesday – $12.27 or 3.25%. The smart-contract pioneer has come under the pressure from the daily resistance level at $378. Bitcoin reached the 20-day...

KonstantinAnissimov

The past week, 7 – 13 September, has been marked for the British pound with negative developments in Brexit trade deal talks. The British government made unilateral amendments to the deal signed last year by the EU and U.K., which, as it has admitted, ‘breaks international law in a very specific and limited way’. GBP/USD GBP/USD has dropped 483 points or 3.64%,...

KonstantinAnissimov

On 8 September, GBP/USD lost 1.36% or 179 points, owing to the sudden crisis in the Brexit deal talks. With the rumors about the changes made to the Internal Market Bill circulating on the sidelines of Brexit talks on September 7th, it became publicly known that the Boris Johnson Conservative U.K. government was going to issue a new edition of the Internal Market...

KonstantinAnissimov

Bitcoin Drops Below $10,000, Providing Negative Weekly Returns of Over 10% The first week of September was quite bearish for most digital assets within the cryptocurrency market. Roughly $40 billion were erased from the total market capitalization, generating significant losses across the board. Among the cryptocurrencies affected was Bitcoin, which saw its...

KonstantinAnissimov

Bitcoin’s Uptrend Is Held Off by the $12,000 Resistance Level Throughout August Another month has gone by, and Bitcoin’s uptrend continues to be contained by the infamous $12,000 resistance barrier. This crucial price hurdle rejected BTC’s upward price action several times throughout August, while the $11,000 support level held falling prices at bay. The strength...

KonstantinAnissimov

Following the rejection from the $12,500 resistance level on August 17th, Bitcoin has endured a downtrend that has seen it lose most of the gains incurred throughout the first half of the month. The increasing selling pressure behind it has taken many investors by surprise since some of the lower cap altcoins have entered full-blown bull rallies. While BTC...

KonstantinAnissimov

Since August 2nd, Bitcoin entered a consolidation phase that saw its price make a series of higher lows. However, the infamous $12,000 hurdle continued to hold, absorbing any upward pressure. This price behavior led to the formation of an ascending triangle on BTC's 4-hour chart. Consistent with this technical pattern's characteristics, a horizontal trendline...

KonstantinAnissimov

Bitcoin Fails to Break $12,000 Providing Minuscule Weekly Returns The pioneer cryptocurrency kicked off the week on the right foot as its price jumped 3.54% upon Monday, August 10th, open. Bitcoin went from trading at a low of $11,685.99 to reach a weekly high of $12,100 by 2:00 UTC. The upswing appears to have turned market participants euphoric about a...

KonstantinAnissimov

Bitcoin Partially Recovers From Previous Losses Following Tuesday, August 11th, downward price action that saw Bitcoin hit an intraday low of $11,127, it appeared that the selling pressure was going to spill over the next day. Indeed, the flagship cryptocurrency opened Wednesday, August 12th, at $11,392.64 and immediately began trending down. For the next six...

KonstantinAnissimov

The $1.32 Resistance Rejects Sterling’s Uptrend Throughout the Week The British Pound has been able to recover quite nicely against the U.S. dollar. After the massive nosedive it took in early March amid fears over COVID-19, Sterling began trending up. Prices rose to a high of $1.317 on Friday, July 31st, only a few cents below where GBP was trading before the...

KonstantinAnissimov

Bitcoin Recovers, But Fails to Break Above $12,000 A few hours before the weekly open Bitcoin’s price crashed. The flagship cryptocurrency took a 13.69% nosedive, plugging from a high of $12,154.25 to a low of $10,490 within 30 minutes. The bearish impulse caused the liquidation of over $1 billion worth of BTC futures contracts across multiple crypto derivatives...

KonstantinAnissimov

Bitcoin’s $12,000 Resistance Barrier Shows Its Strength The pioneer cryptocurrency continues attempting to move past the overhead resistance that is defined by the $12,000 level. However, this price hurdle has proven to be quite substantial since it has been able to reject Bitcoin from a further advance each time it gets tested. While it seems that its strength...

KonstantinAnissimov

Bitcoin Shoots to New Yearly Highs in July Bitcoin entered the month of July in a pessimistic posture. Market participants feared a potential downturn that could see its price plummet towards $6,000. Meanwhile, different fundamental metrics were signaling a different story. The ambiguous outlook did not allow the bulls or bears to take control of BTC’s price...

KonstantinAnissimov

Bitcoin Holders Realize Profits After Massive Bullish Impulse After an impressive bull rally that saw Bitcoin hit a new yearly high of $11,488, market participants appear to have taken Tuesday, July 28th, to realize profits. The flagship cryptocurrency opened the day at $11,047.58 and quickly rose over 2% to hit an intraday high of $11,270. From that point on,...

KonstantinAnissimov

BTC was able to provide a daily return of 11.15%. After an impressive run-up by lower-cap altcoins, investors appear to have taken profits and moved to Bitcoin. Indeed, roughly $15 billion were injected into the flagship cryptocurrency on July 27th alone. Such a massive capital influx allowed BTC to smash through the $10,000 resistance barrier and march towards...

KonstantinAnissimov

Weekly Recap: Bitcoin Breaks Out and Resumes Historic Uptrend Bitcoin kicked off the week on a negative posture. The Tom Demark (TD) Sequential indicator presented a sell signal on the hourly chart right around the weekly open, which was confirmed by a significant increase in sell orders. The downward pressure behind the flagship cryptocurrency was strong enough...

KonstantinAnissimov

The Pound Reacts to New Stimulus Plan that Aims to Jump-Start the Economy The ongoing global pandemic has wreaked havoc on the United Kingdom's mostly service-based economy. As roughly 75% of the nation's GDP is composed of services, manufacturing, and tourism, the government's lockdown restrictions have had an enormous impact on Britain's economy. The...

KonstantinAnissimov

Bitcoin Rises to a New Monthly High Roughly $3 billion were injected into Bitcoin between July 21st and 22nd. The massive capital inflow was significant enough to allow its price to surge by more than 4%. The flagship cryptocurrency went from trading at a low of $9,161.28 to a high of $9,543. On Thursday, July 23rd, the bullish price action resumed as demand...