Analysis

Bitcoin Price Could Fall Back Despite Impressive Session Gains: Analyst

The bitcoin price has surged up to 4.85 percent this Tuesday, but there is still a strong case of an imminent pullback. According to Crypto Michaël, an Amsterdam-based cryptocurrency analyst, bitcoin lacked adequate follow-up volume that could sustain the ongoing upside price action. The bearish interpretation followed the textbook volume-price relationship, in which a price […]

Analysis

Latest Bitcoin Price Rally Made Mining Profitable: Analyst

The latest bitcoin price rally pushed the cryptocurrency’s price above its average production cost, at least according to Alex Krüger. The crypto market analyst noted that bitcoin mining difficulty increased substantially following the asset’s so-called bottom formation on December 15, 2018, in $ $ 3,100-3,200 range. That signified that more miners were entering the bitcoin economy […]