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A Lifelong US Dollar Downtrend Paints Bullish Outlook for Bitcoin

The US dollar is on track for its most significant monthly performance since July 2019. But it continues to feel the pressure from its all-time bearish outlook. Why? A monthly chart of the US dollar index (DXY), a barometer to gauge its performance against a basket of top foreign currencies, shows the greenback in a lifelong downtrend. дальше »

2020-9-25 08:44


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This Miner-Related Index Shows That the Next Bitcoin Bull Run is Coming

Bitcoin’s price action as of late has done little to offer investors with insights into its near-term outlook. Its price has mainly been oscillating between highs of $11,000 and lows of $10,000, with each attempt to break out of this tight trading range resulting in the cryptocurrency seeing massive inflows of selling pressure that force […] дальше »

2020-9-25 05:00


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One of Bitcoin’s Bull-Scenarios Was Invalidated by Selloff; Factors to Consider

Bitcoin has been caught in the throes of immense volatility throughout the past few days, with the cryptocurrency being unable to form a sustainable trend This has led investors to question what could come next for BTC, as it is still caught within the long-held trading range between $10,000 and $11,000 That being said, the latest decline that sent the crypto reeling down from its $10,500 daily highs struck a blow to its technical outlook […] дальше »

2020-9-25 02:00


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Analyst: Ethereum May Grind to $280 Before ETH 2.0 Hype Propels It Higher

Ethereum and other altcoins have been struggling to garner any strong momentum following the massive declines posted earlier this week This weakness came about as a result of Bitcoin’s rejection at $11,200, which is a level analysts have been watching Until BTC’s macro outlook begins growing more positive, Ethereum will likely continue struggling as well That being said, some positive technical developments in the coming months could help boost its outlook One analyst is noting […] дальше »

2020-9-24 23:00


Analysts Take Aim at $280 for Ethereum as Bears Gain Firm Control

Ethereum has been hit hard by the recent market-wide downturn, with the cryptocurrency’s price crashing by nearly $30 in a matter of minutes earlier today This move struck a serious blow to its technical outlook, leading many investors and analysts to anticipate further downside in the near-term One trader is specifically setting his sights on a move down towards $280, explaining that this is a bastion of buying pressure for ETH Whether or not Ethereum […] дальше »

2020-9-23 23:00


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Ethereum Weakens as Analysts Eye Possibility of Major Downside

Ethereum is showing some signs of weakness as its price trades below $380 Breaking above this level was a significant technical development that caused many analysts and traders to flip bullish on the crypto As its weekly candle close fast approaches, however, bears seem to be regaining control over its near-term outlook There’s a high probability that this will cause it to see further near-term downside, potentially striking a blow to its macro market structure […] дальше »

2020-9-21 22:00


BoE Explores Negative Rates; Bitcoin Is A ‘Must’ Because Fiat is a ‘Giant Ponzi Scheme’

The Bank of England (BoE) is exploring negative interest rates now and in response Sterling weakened sharply. The pound dropped 0. 7% against the dollar after the central bank’s plans “to explore how a negative Bank Rate could be implemented effectively, should the outlook for inflation and output warrant it at some point,” were revealed. дальше »

2020-9-19 19:30


Analysts Expect Bitcoin to Dip to Key “Liquidity Clusters” Before Rallying

Bitcoin has been facing some mixed price action as of late, with buyers and sellers both engaged in a heated battle for control of its near-term outlook Despite attempting to break below its last-ditch support between $9,900 and $10,000, BTC is now pushing back towards its key $11,000 resistance region Where the cryptocurrency trends next may depend largely on its reaction to this level One trader believes that Bitcoin may first take out a “liquidity […] дальше »

2020-9-18 02:00


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Analyst: Chainlink Looks “Weak and Heavy” as It Flashes Signs of Bearishness

Chainlink has witnessed some intense selling pressure throughout the past couple of days, with the cryptocurrency being unable to mirror the gains seen by Bitcoin today. These losses have struck a blow to its technical outlook, potentially opening the gates for it to see further downside in the coming weeks and months. While speaking about […] дальше »

2020-9-16 02:00


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Bitcoin Could Soon See Explosive Momentum if It Shatters One Key Level

Bitcoin’s bulls are flexing their strength today, pushing the benchmark digital asset towards $11,000 as they attempt to reverse the recent downtrend that it has been caught within. There’s no doubt that today’s move – coupled with that seen yesterday – is positive for the crypto’s near-term outlook, but it is important to keep in […] дальше »

2020-9-15 19:00


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Here’s What Bitcoin’s Strong Weekly Close Says About Its Present Outlook

Bitcoin posted a strong weekly close yesterday afternoon, which is what allowed the cryptocurrency to see an overnight upswing that has led it past multiple crucial levels. While speaking about the digital asset’s price action, one analyst observed that its strong weekly close may continue acting as a launchpad for further upside, noting that bulls […] дальше »

2020-9-15 19:00


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Traders Flip Short on Chainlink as It Flashes Some Major Warning Signs

Chainlink has been caught within a prolonged consolidation phase throughout the past few weeks, with the cryptocurrency largely trading between $12.00 and $12.70. This consolidation has done little to offer insights into its near-term outlook, as its bulls are still reeling from the damage done to its market structure following the $20.00 rejection. Analysts are […] дальше »

2020-9-13 04:00


Bitcoin is Gearing Up for a Major Push Lower as Analysts Eye $9,600

Bitcoin’s inability to break above $10,500 speaks to some underlying weakness amongst the cryptocurrency’s bulls It also shows that the bears still have the edge over the benchmark crypto’s price action, which could mean that a break below its key support between $9,900 and $10,000 is imminent BTC is currently caught within a consolidation phase, being unable to find any strong momentum following the recent rejection Analysts are growing bearish on its near-term outlook, with […] дальше »

2020-9-12 02:00


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Bitcoin Could Be Coiling Up for a Move to $11,000 as Bulls Spark Slight Rally

Bitcoin and the aggregated crypto market have been flashing some signs of strength throughout the past day While BTC rebounded hard from its key support at $10,000, ETH was able to climb back up towards the upper-$300 region This marks a notable rise from its recent lows that were set earlier this week Where the market trends in the coming hours and days should provide significant insight into its near-term outlook One analyst is noting […] дальше »

2020-9-11 21:00


Analyst: Ethereum Narrowly Avoids Capitulation as Macro Outlook Grows Bright

Ethereum has posted some strong price action throughout the past couple of days, with the cryptocurrency ardently defending against any sharp decline This strength has come about mostly due to the buying pressure found at $320 This price level, and the region directly above it, have helped the crypto to slow its descent and stabilize Bitcoin’s ability to hold above $10,000 has also aided its price action significantly One analyst is now noting that ETH […] дальше »

2020-9-10 23:00


Bitcoin is Defending a Crucial Macro Level as Bulls Show Signs of Strength

It is growing increasingly clear as to just how important $10,000 is for Bitcoin’s macro price action, as this level has been ardently defended by bulls on multiple occasions BTC has been trading around the level for the past several days, with each dip below it proving to be highly short-lived Bulls’ slight displays of strength whenever the crypto dips below this level are a positive sign for its near-term outlook One analyst is now […] дальше »

2020-9-9 21:00


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Ethereum’s Macro Price Action Suggests It May Hit $5,500 in 2021; Here’s Why

Ethereum has flashed some signs of technical strength throughout the past few hours, which has come about due to the rebound seen by Bitcoin. The cryptocurrency’s ability to surge from lows of $325 earlier today to highs of $355 is a positive development for its near-term outlook, as it does seem to suggest that bulls […] дальше »

2020-9-9 19:00


Bitcoin Could Plunge to $8,100 if These Key Levels Fail to Hold

Bitcoin’s bulls and bears are currently engaged in a heated battle for control of $10,000, with this crucial level likely being the sole factor that determines its near-term outlook. Analysts are noting that the ultimate reaction to this level will likely provide BTC with serious guidance, as a failure to hold above it could spark a far-reaching downtrend BTC is also approaching a key technical level that bulls must try to defend ardently – its […] дальше »

2020-9-8 02:00


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If Bitcoin Defends One Crucial Level, It May Soon Push Significantly Higher

Bitcoin appears to be forming a new consolidation phase as it trades between lows of $10,000 and highs of $10,800 The cryptocurrency has been trading squarely between these two levels for the past several hours, being unable to post any notable rebound from yesterday’s downturn The weakness that it expressed yesterday struck a serious blow to its near-term outlook, as it showed that the benchmark cryptocurrency might not have enough strength to maintain its position […] дальше »

2020-9-5 02:00


Биткоин достигнет $500 тысяч или упадёт до нуля

В сентябрьском информационном бюллетене Crypto Outlook аналитик Bloomberg Майк МакГлоун написал, что цена биткоина (BTC) может либо приблизиться к отметке $500 000, либо потерпеть сокрушительную неудачу. дальше »

2020-9-5 13:04


Analysts Set Their Sights on a Move to $9,600 as Selling Pressure Mounts

Bitcoin has been facing unusually strong selling pressure throughout the past few hours, which appears to be coming from multiple large mining pools This caused the price of BTC to crater, dropping as low as $10,700 before finding some support that allowed it to climb significantly higher One analyst is now noting that this latest decline struck a blow to its technical outlook, leading him to set his sights at $9,600 A decline to these […] дальше »

2020-9-4 02:00


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Bitcoin Shows Signs of Strength, But These Factors May Bolster Bears

Bitcoin is currently attempting to break above $12,000, with the cryptocurrency rallying towards this level as Ethereum sets fresh 2020 highs at $475 BTC’s current strength has yet to lift it past the key resistance it faces in the near-term at this level A failure to surmount it would be grim for its near-term outlook, and potentially spell serious trouble for where it goes next One analyst believes that there are a few factors that […] дальше »

2020-9-2 02:00


Here’s the Key Support Bitcoin Must Defend to Avoid Serious Downside

Bitcoin has been struggling to garner any clear upwards momentum throughout the past several weeks This has degraded its technical strength, resulting in it seeing heightened selling pressure Analysts are growing somewhat cautious about the crypto’s near-term outlook Nonetheless, it is essential to note that it remains above multiple crucial levels As such, until these support levels throughout the lower-$11,000 region are broken, BTC may still be well-positioned to see further upside Bitcoin and the […] дальше »

2020-8-26 02:00


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Why Bitcoin May Need to Test $11,000 Before Climbing Higher

Bitcoin is starting to gain some slight momentum as the cryptocurrency’s price climbs up towards $11,800 This marks a notable surge from recent lows of $11,400 that were set just a few days ago, and it does appear that the crypto is poised to see further upside One factor boosting BTC’s outlook is Ethereum’s intense swing up to highs of $410 In the past, Ethereum has front-run movement seen by Bitcoin and the rest of […] дальше »

2020-8-25 21:00


Bitcoin Shooting Star Could Put an End to the Uptrend

During the week of Aug 17-24, the Bitcoin (BTC) price created a shooting star candlestick inside a long-term resistance area. This is a sign that the bullish trend might have come to an end. Bitcoin Weekly Outlook Bitcoin has been increasing at an accelerated rate since the week of July 20, creating four consecutive bullish […] The post Bitcoin Shooting Star Could Put an End to the Uptrend appeared first on BeInCrypto. дальше »

2020-8-24 12:28


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Ethereum Shows Signs of Weakness as It Nears Last-Ditch Support

Ethereum is showing some signs of weakness as it once again dips below $390 This level has become slight support for the cryptocurrency, with a sustained bout of trading beneath it potentially degrading its technical strength Analysts are offering a mixed outlook on the cryptocurrency, but one thing that is widely agreed upon is that it is approaching a make-or-break support level If the cryptocurrency is able to bounce at this level, it may be positioned […] дальше »

2020-8-24 22:00


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Bitcoin’s Cloud Pattern Shows Bears May Still Be in Full Control

Bitcoin and the entire cryptocurrency market are currently bearing witness to relatively mixed price action While BTC has faced some intense selling pressure, it is important to note that bears have not invalidated any of its mid-term market structures As such, it remains well-positioned to see further near-term upside Despite this, one analyst is noting that the cryptocurrency’s cloud formation may spell some trouble for its near-term outlook, as it shows that it is still […] дальше »

2020-8-21 02:00


Ethereum Dives into Key Liquidity Region as Technical Outlook Grows “Ugly”

Ethereum has not been able to avoid the impacts of Bitcoin’s recent break beneath $12,000 This key technical development sent shockwaves throughout the market, with ETH reeling down to lows of $400 before finding any significant support Analysts are now noting that the crypto may be well-positioned to see further near-term weakness That being said, it may first navigate higher to tap a key liquidity region before it continues its descent Overall, analysts are expecting […] дальше »

2020-8-20 23:00