Like most of the cryptocurrency market, Ethereum has performed well over the past few days. This strength culminated in a rally to the crucial level of $ 250 on Wednesday, as depicted in the chart seen below. Chart of ETH’s price action over the past seven weeks from TradingView.com The ongoing surge has been quick […]
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Trend Indicator: Bear Market Didn’t End After Bitcoin’s $3,700 Capitulation
Bitcoin price is once again flirting with resistance above $ 10,000 but has yet to penetrate and hold above the key level. This latest visit has resulted in a lower high. Unless the cryptocurrency can get through and set a new local peak, the asset is at risk of setting a new lower low. It […]
Why Top Analyst Predicts an Altcoin Rally on Key Ethereum Breakout
Ethereum broke above a crucial short-term resistance area this Wednesday. The second-largest cryptocurrency is now eyeing a “significant breakout” towards 0.032 sats, according to analyst Peter Brandt. The veteran financial strategist also predicted an altcoin rally should Ethereum move higher. Ethereum is performing better in the bitcoin-enabled market since the “halving” on May 11, 2020. […]
There’s “Heavy Doubt” Chainlink Will Continue to Rally After 300% Surge
Calling Chainlink’s (LINK) recent price performance impressive would almost be an understatement. The cryptocurrency has been on a tear over the past three days. After printing a topping pattern near $ 4.70, the altcoin rocketed higher by around 50%, reaching a high of $ 6.60 on Wednesday. Despite the pullback to $ 6.30, LINK is […]
Bitcoin Daily Chart Indicates Crucial Bullish Breakout Towards $10,000
Bitcoin is rising steadily and it recently broke the $ 9,400 resistance against the US Dollar. BTC’s daily chart suggests that the bulls are likely aiming a larger rally towards $ 10,000. Bitcoin formed a strong support base near $ 9,000 and recently started a fresh increase. The price is currently trading well above the […]
After 150% TikTok Pump, Jake Paul Says Dogecoin (DOGE) Is “Gonna Go Crazy”
Forget Bitcoin and Ethereum, Dogecoin (DOGE) has been on an absolute tear over the past few days. Just look at the chart below, which shows that the meme cryptocurrency is up more than 150% in the past three days. As of the time of this article’s writing, it’s trading at $ 0.048, but set a […]
Crypto market analysis: Bitcoin, Ethereum and Bitcoin SV
Most of the top cryptocurrencies are trading with low highs and higher lows as traders assess next steps Bitcoin Bitcoin has broken above $ 9,300 for the first time in a week as the bears failed an attempt to sustain prices below $ 9,000. With the return of buying power, Bitcoin broke resistance found at […]
Bitcoin Volatility Reaches Low Set Ahead Of April 2019 Rally, Will History Repeat?
Bitcoin has been uncharacteristically stagnant for over two full months now. The trading range has been tightening, which has led to record low levels of volatility in the otherwise volatile asset. But the low volatility taking place currently has reached a level that kicked off an explosive uptrend in April 2019. Will the leading cryptocurrency […]
XRP’s Recent Collapse Could Force Ethereum Under $200, Analyst Suggests
While Bitcoin, Ethereum, and other top cryptocurrencies are near year-to-date highs, the same cannot be said for XRP. As the chart below depicts, the leading altcoin is trading at $ 0.185 as of this article’s writing. This is below the start-of-2020 price ~$ 0.19 and more than 40% below the year-to-date highs of $ 0.34. […]
Bitcoin Is at the Apex of a Multi-Month Pattern — and Bulls Are in Control
Even taking Bitcoin’s Monday pump from $ 9,000 to $ 9,400 into account, the cryptocurrency is still in a macro consolidation. Some traders have joked that considering the length of BTC’s consolidation already, it could go on for months longer. One trader, in fact, postulated that it may be until late-Q3 or Q4 of this […]
These two indicators suggest Bitcoin is seriously bullish
Bitcoin’s price continues to hover just above $ 9,200, but two key signals suggest the top cryptocurrency is super bullish for a nice rally to $ 12,000 Bitcoin is currently hovering in a region that has acted as a major support zone for the past two months. While the bears are capable of pushing prices […]
The Block Research says interest in Bitcoin now much lower than in 2017
According to a recent report from The Block Research, online activity for Bitcoin is much lower than it was in late 2017 According to research conducted by The Block Research — Google searches, recent Twitter followers for cryptos and viewership on Bitcoin’s Wikipedia page are all far below the levels seen during the 2017 BTC […]
Fund Manager Explains Why Ethereum Rivals Will Significantly Outperform ETH
Ethereum has been the leading smart contract blockchain for years now. The blockchain’s native cryptocurrency, ETH, has a native market capitalization in excess of $ 25 billion. $ 25 billion is an order of magnitude higher than the market capitalization of Cardano’s ADA, $ 2.5 billion. Cardano, of course, is Ethereum’s primary competitor. And $ […]
This “Hidden” Signal Could Ignite a Bitcoin Breakout to $10.5k: Analyst
Even after a healthy rally from $ 9,000 to a local high of $ 9,400, Bitcoin remains in no man’s land. The cryptocurrency is caught below $ 9,500 and caught above $ 8,500, both important levels on a medium-term time frame. Bitcoin may seem directionless as a result, as it is still anyone’s guess as […]
There’s a Key $12 Million Buy Wall Boosting Bitcoin’s Immediate Outlook
After attempting to break below $ 9,000 on Sunday, Bitcoin has mounted somewhat of a comeback. As of the time of this article’s writing, the cryptocurrency trades at $ 9,350. This is the highest BTC has traded in over a week. BTC price chart from TradingView.com While some doubt it can make it past the […]