Trading News and Research

With Gold prices stretched and Bitcoin Around Key support, convergence could be approaching.

After the big upsurge in April and May, Bitcoin has started the month of June on the backfoot. Clearly, after such a vicious rally, there must be some long-side speculators banking profit, while nimble short sellers may have also been dipping in their toes here and there in order to take advantage of the severely overbought conditions.

Bitcoin’s shakeout at the highs continues after tumbling over 8% early Asia. Over 5% of which, was shed within 30 minutes.

Despite today’s tentative recovery, there are some technical signs that Bitcoin has formed a near-term top...

On Sunday night during quiet trade, Bitcoin rallied 7% within an hour to take it to fresh highs and see the crypto currency higher on a year over year basis for the first time since November.