Why Analysts Think It’s Time To Go Long On Bitcoin

The secret to breaking bitcoin’s sideways price movement is to call it a stablecoin, the crypto community has learned. The community is currently buzzing with activity and excitement, as bitcoin broke out from its below $9200 resistance to reach $9500 and is currently trading green at a little below $9600. With much speculation and analysis […] дальше »

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Analyst Who Predicted Bitcoin’s V-Shaped Reversal Expects Rally to $17k

Analysts are wondering what comes next for the Bitcoin market as volatility has continued to tighten to multi-year lows. Traders are divided, with BTC’s futures markets having largely neutral funding rates. дальше »

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Chainlink Prints Harrowing Reversal Sign After 500% Rally from March Lows

One of the best-performing crypto assets over the past month has been Chainlink (LINK). From the March lows to the recent highs, the asset has rallied approximately 500% against the U. S. dollar. дальше »

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This Technical Sequence Could Propel Bitcoin to Fresh All-Time Highs

Bitcoin is flashing signs of overt strength at the present moment as it trades above $9,500 This marks the first time in many weeks that the cryptocurrency has been able to post a sustained movement higher Analysts are now closely watching whether or not it can surmount the resistance laced within the upper-$9,000 region It is important to note that the selling pressure here is quite significant This region also coincides with some crucial technical […] дальше »

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Ethereum Isn’t Out of the Woods Yet; Why ETH Could See a Sharp Decline

Ethereum’s intense uptrend has allowed the crypto to gain what appears to be a stable foothold within the $270 region Despite facing a firm rejection at $280, ETH has been able to continue flashing signs of strength At the moment, it appears to be highly correlated with Bitcoin as the two assets start another consolidation phase Analysts are now noting that Ethereum could be in for some trouble despite its overt strength It’s possible that […] дальше »

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Banks Putting 1% of Assets Into Bitcoin Could Send BTC Past $20k: Analyst

U. S. banks can now hold cryptographic keys, meaning they can store Bitcoin, Ethereum, and other digital assets.  Analysts say that this move is extremely positive for this space. One commentator says that a move by U. дальше »

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Bitcoin Bullish Structure is Breaking, Analysts Explain Why

Bitcoin declined during the Friday trading session after establishing its weekly top at $9,686. The downside correction appeared on rising profit-taking sentiment near $9,700, a historically strong resistance level. дальше »

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S&P 500 Prints Signal Seen Before March’s Crash: Will Bitcoin Suffer?

Bitcoin’s price action has become increasingly dependent on that of the S&P 500 over recent months. The correlation is so strong that it has been observed by analysts who do not actively watch the cryptocurrency space, such as a team at JP Morgan. дальше »

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Ethereum Just Broke a Multi-Year Accumulation Range; $350 May Be Imminent

Ethereum incurred a strong impulse higher yesterday that allowed it to shatter through the upper boundary of its macro trading range between $230 and $250. This allowed the cryptocurrency to completely alter its technical trajectory, as analysts are now noting that it could be poised to push significantly higher in the days and weeks ahead. […] дальше »

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Here’s Why Analysts are Flipping Short on Ethereum After Its Explosive Surge

After a prolonged period of range-bound trading, Ethereum posted a breakout rally yesterday that allowed it to surge up to fresh multi-month highs This rally put a firm end to the crypto’s macro trading range between $230 and $250 It remains unclear as to what caused this movement, but it allowed Bitcoin and other major altcoins to push higher as well Analysts are now growing cautious of what could come next for ETH Despite its […] дальше »

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Altcoins to the Moon as Ethereum and Chainlink Lead Bull Rally

As opposed to analysts’ speculations, the Altcoin season is just getting started. It’s important to not discard the speculations regardless, as Bitcoin’s stability within the $9,000 zone gives altcoins the leverage to rake up gains smoothly. дальше »

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Why Bitcoin Falling Below This Price Could Signal “Real Weakness”

Bitcoin has once again flatlined after rallying to $9,400. The cryptocurrency remains stagnant despite large movements in the stock and precious metals market. Analysts say the cryptocurrency must maintain $8,800 moving forward. дальше »

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Ethereum at $243 Is “Hilarious,” Says Analyst as ETH2 and Staking Near

Since the start of the year, Ethereum has done rather well. Per data from TradingView, the leading altcoin is trading approximately 80% higher than the price it started 2020 at. Analysts expect ETH to rally further in the months and years ahead as the underlying network’s fundamentals lend to increased demand for the asset. One […] дальше »

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Monumental Week For Bitcoin Approaches As Binance CEO CZ Shares Price Prediction

The recent Bitcoin halving event has slipped off most investors’ minds, for most, the event did not, and is not set to affect prices. But for some analysts, its influence is about to take effect. дальше »

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Analysts expect Ethereum to see an explosive movement as options OI rockets

Ethereum’s price action over the past several weeks has grown closely tied to that of Bitcoin. The post Analysts expect Ethereum to see an explosive movement as options OI rockets appeared first on CryptoSlate. дальше »

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Bitcoin Open Interest Sets Fresh Highs as Analysts Watch for Fireworks

Bitcoin is currently pushing higher as it begins recapturing its share over the aggregated crypto market Its current strength may not be enough to surmount the heavy selling that exists at its high time frame resistance at $9,500 This is the first notable movement BTC has posted in weeks, although its previous surges to this region have proven to be fleeting Where the crypto trends in the months ahead may depend largely on whether buyers […] дальше »

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Bitcoin Shows Signs of Life as it Rallies Past $9,400; What Analysts Expect Next

After consolidating between $9,100 and $9,300, Bitcoin is starting to show some signs of life as its price rallies past $9,400 The ongoing uptrend comes after an extended bout of the cryptocurrency losing its trading volume and momentum due to the uptrends seen amongst many altcoins This latest surge may temporarily change the crypto’s trend, but one top trader is noting that he is planning to short BTC’s high time frame resistance at $9,500 Bitcoin’s […] дальше »

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COMP token might be looking at another 300% rally

The Compound token has declined by 3% but analysts say it is poised for...

The post COMP token might be looking at another 300% rally appeared first on Coin Journal.

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Down 17% From $9 High, Analysts Think Chainlink (LINK) Will Continue Plunge

Up until last week, Chainlink (LINK) was one of the best-performing cryptocurrencies in the market. The asset had rallied around 500% since the March lows. After a slowdown in the altcoin market’s momentum, LINK has slumped. дальше »

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Analyst: Altcoins Will “Rage Dump” Against Bitcoin as Momentum Pauses

Altcoins have strongly outperformed Bitcoin over recent weeks, with some gaining dozens of percent as BTC has flatlined in the low-$9,000s. Analysts expect altcoins to soon underperform BTC as bullish momentum in the altcoin market peters out. дальше »

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Analysts Claim Bitcoin’s 76 Day Stability ‘Bullish’: Hash Ribbons Cross and 2016 Patterns

The price of bitcoin has been very stable lately, and the crypto asset has been trading in a less volatile range just above $9k per coin for 76 consecutive days. After the third halving, the price of bitcoin has also been far more stable, in contrast to the price action after the second halving. дальше »

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$10.9 Billion Bitcoin Stash Proves Satoshi Is Still the Biggest Whale

Analysts estimate Satoshi mined $10.9 billion worth of Bitcoin to keep the network safe but will these BTC ever be spent?

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Ethereum Bears Have the Upper Hand as ETH Trades Within Crucial Range

Ethereum has been forming an incredibly close correlation to Bitcoin throughout the past couple of weeks It is attempting to break this correlation now, but bulls are flashing some signs of weakness, especially while looking towards its BTC trading pair Analysts are now noting that ETH is trading within a crucial range that could determine its future The upper boundary of this range sits just a hair above where it is currently trading at, but […] дальше »

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How The Stock Market’s Great Rotation Resembles Bitcoin and Altcoin Relationship

The S&P 500 just closed its strongest weekly performance against the Nasdaq Composite in the last four years in what analysts are calling a “Great Rotation. ” The trend of shuffling capital closely resembles what’s taking place across the crypto market with Bitcoin and altcoins. дальше »

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AMZN Stock Up 3%, Robinhood Traders Interested in Amazon Ahead of July 23 Q2 Earnings Report

Coinspeaker AMZN Stock Up 3%, Robinhood Traders Interested in Amazon Ahead of July 23 Q2 Earnings ReportAMZN stock had a quite disappointing week but today it is in green again. Amazon is expected to release the Q2 earnings report on July 23 and analysts anticipate it as a catalyst to a new wave. дальше »

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Bitcoin Dominance Just Printed a Massive Buy Sign After Altcoin Rally

There’s been what some analysts call an “altseason” over recent weeks as Bitcoin has stalled. Due to the outperformance of altcoins against BTC, the Bitcoin dominance metric has dropped by a handful of percentage points over recent weeks. дальше »

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Bitcoin Breakout on July 22? 5 Things to Watch for BTC Price This Week

Analysts predict that the end of Bitcoin’s compression cycle will hit within days as price action continues to preserve $9,000 support. дальше »

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There’s “Lots of Open Air” for Bitcoin Down to $7k if This Level is Lost

Bitcoin risks a drop to the low-$7,000s as the price prepares to fall below a crucial support level as defined by the Ichimoku Cloud. Multiple analysts corroborate the sentiment that the leading crypto asset will fall towards that region in the third quarter of 2020. дальше »

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Ethereum is Coiling Up for a Big Move; Why Analysts Expect Downside

Ethereum, much like Bitcoin, has been caught within the throes of an intense bout of sideways trading This has caused the cryptocurrency to largely hover around the lower boundary of its multi-month trading range, being unable to gain any clear and decisive trend in either direction Although many major digital assets have been able to kick off firm uptrends, ETH hasn’t been so lucky Analysts are now noting that Ethereum may be well-positioned to see […] дальше »

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Ethereum‘s Record High Correlation With Bitcoin Could Lead to Major Losses

Ethereum has formed a record-high correlation with Bitcoin over the past couple of weeks This comes as ETH’s movements start aligning with those seen by BTC in a way that hasn’t been seen before If this correlation persists, the cryptocurrency’s next trend could largely depend on that of BTC That being said, this could suggest that Ethereum is poised to see some notable near-term losses, as analysts widely believe Bitcoin is positioned to see some major downside […] дальше »

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US Dollar May Plunge: Macro Analyst Explains Why That’s Crucial for Bitcoin

For the longest time, Bitcoin was seen as an asset that is independent of the movements of traditional markets. But, the pandemic struck. It has dramatically altered the state of the global economy, with analysts now arguing that BTC’s directionality is dependent on certain markets. дальше »

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BTC Options Traders Are Not Betting on a Short-Term Bitcoin Price Drop

Crypto analysts have recently suggested that Bitcoin options traders are flipping short-term bearish but data shows this is not the case. дальше »

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Stellar (XLM) Leaves XRP in the Dust with Latest Rally; Will It Last?

Stellar (XLM) has been caught within the throes of an intense uptrend throughout the past few days, and the cryptocurrency’s momentum isn’t showing any signs of slowing down. This has allowed it to significantly outperform XRP – which is widely considered to be one of its main competitors. дальше »

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This Technical Formation Could Put an End to Chainlink’s Multi-Year Uptrend

It’s no secret that Chainlink has been one of the most bullish digital assets throughout 2019 and 2020 The cryptocurrency recently extended its parabolic momentum when it rallied up to highs of $8.80 Although it is possible that a combination of hype and investor “FOMO” could help drive LINK higher, there are some reasons why analysts are growing cautious One trader pointed to the emergence of a large rising wedge pattern as one factor that […] дальше »

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Bitcoin’s Historical Positioning Suggests an Intense Bull Trend is Looming

Bitcoin’s price action in recent times has been lackluster, providing investors and analysts alike with little insight into the state of its macro trend. This ongoing sideways trading may not be unprecedented, however, as a look at the cryptocurrency’s historical post-halving price action suggests that this may simply be one of the initial phases of […] дальше »

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First Mover: Why Bitcoin Traders Couldn’t Give a Sat About the Twitter Hack

Bitcoin barely moved on this week’s Twitter hack. Here's what analysts said about why the attack had so little effect on prices. дальше »

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This Technical Structure Signals Bitcoin is Coiling Up for a Major Downside Break

Bitcoin does not appear to be in a good position at the present moment Bears are currently attempting to push it below its long-held support at $9,000 This comes just a week after the crypto posted two consecutive rejections at $9,400 Its inability to push higher coupled with mounting selling pressure suggests downside could be imminent Analysts concur with this notion, with one pointing to a technical structure as a reason why he is anticipating […] дальше »

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Here’s Why Ethereum Breaking Below $225 Could End “Altseason”

Ethereum has seen some notable losses that have sent it down to the lower boundary of its trading range The crypto is now flashing some overt signs of weakness This is rooted in the lack of strength seen by both Bitcoin and most other major digital assets Analysts are now noting that $225 is a crucial level for ETH One trader is even noting that it is arguably the “biggest level” in the crypto’s history […] дальше »

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Bitcoin Just Broke a Crucial Level, Opening the Gates for a Move to $7,000

Bitcoin and the aggregated cryptocurrency market are currently flashing some signs of weakness This comes close on the heels of yesterday’s widespread Twitter breach that caused many major accounts to shill a scam in which they requested Bitcoin from their followers Although this certainly isn’t bad for Bitcoin from a technical or fundamental perspective, it may degrade the public’s trust in the digital asset Some analysts are now noting that the latest decline has caused […] дальше »

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Here’s Why One Analyst Thinks Cardano (ADA) Could Soon “Nuke” Lower

Cardano saw a massive upswing yesterday that allowed it to erase virtually all of its recent losses For a brief period, the crypto even tapped its previously established yearly highs, although the selling pressure here proved to be quite significant As for where the cryptocurrency could trend next, analysts are growing increasingly cautious about its outlook Despite there being a few technical signs that suggest it may continue pushing higher, one trader is noting that […] дальше »

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Spikes in Bitcoin Exchange Inflows Signal a Large Selloff is Looming

Bitcoin has continued trading sideways within the lower $9,000 region overnight, with its ongoing consolidation phase now extending over ten weeks Although the crypto has yet to express any clear momentum, likely, this lackluster trading bout will ultimately result in it making a massive movement Analysts are now noting that exchange inflows over the past few weeks have been surging, suggesting that traders may be preparing to offload their BTC This could help provide the […] дальше »

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Bearish For Bitcoin: Nasdaq Forms Exact Signal Seen at Dotcom Bubble Peak

A common narrative that has cropped up in the crypto space is that Bitcoin is just tracing the price action of the stock market. In June, a team of analysts at Wall Street bank JP Morgan said that since March’s crash,  “Cryptocurrencies have traded more like risky assets like equities—a significant change relative to the prior couple of years. дальше »

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Peter Schiff Thinks Bitcoin’s 2018 Lows of $3,200 “Will Not Hold”

In 2018, Bitcoin plunged as low as $3,200. Save for a handful of analysts, few investors expected the cryptocurrency to fall that low and that from its $20,000 all-time high. Despite the drop, bulls managed to re-assert control over the market, taking BTC back to $14,000 in the six months after the low. With this […] дальше »

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Analysts Expect XRP to Crash Lower as It Reaches “Do or Die” Level

After facing some turbulence throughout the early part of the month, XRP has been able to stabilize just below its key $0. 20 resistance level, marking a notable climb from its multi-week lows of $0. дальше »

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Chainlink (LINK) Breaches $8 Once Again: What Are Analysts Saying?

Bulls are once again driving Chainlink (LINK) higher after a slight retracement on parabolic price action. As of the time of this article’s writing, the asset is up by around 15% in the past 24 hours, rallying past $8. дальше »

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Bitcoin’s Trading Volume is Dying Out; Setting the Stage for Explosive Volatility

Bitcoin’s extended bout of sideways trading has caused the cryptocurrency to see historically low volatility levels. In the past, bouts with volatility this low tend to be followed by massive movements that set the tone for which direction the cryptocurrency will trend in the days and weeks ahead. Analysts are noting that there are a […] дальше »

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Seychelles-Based Bitcoin Transfers Continue to Gain Dominance, Analysts Find

Crystal Blockchain reports that crypto transfers in the Republic of Seychelles keep growing as regulatory pressure increases for the G-20. дальше »

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Bitcoin mining difficulty reaches historic highs—and analysts say it’s bullish

Bitcoin’s mining difficulty saw a 10 percent upward adjustment today, causing hash rates to reach a historic all-time high of 17 trillion. The post Bitcoin mining difficulty reaches historic highs—and analysts say it’s bullish appeared first on CryptoSlate. дальше »

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DeFi, Stablecoin-Led ERC20 Tokens Eclipse Ethereum in Combined Network Value

Ethereum-issued tokens, such as the ERC20 and ERC140 standard, are now worth more than the protocol’s ETH currency. For analysts, this signals a period of undervaluation for the network that made it all possible. дальше »

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Bitcoin could fall behind Ethereum due to DeFi

Ethereum backed DeFi projects have seen exponential gains in recent weeks. Some analysts are now... The post Bitcoin could fall behind Ethereum due to DeFi appeared first on Coin Journal. дальше »

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