Archiv für April 2020
Ethereum Bulls in Serious Trouble as Fractal Forecasts Lower Lows
Ethereum saw a massive rejection from its overnight highs that led it to reel lower today, erasing part of the gains that were incurred during yesterday’s uptrend This has caused the crypto to flash signs of technical weakness, especially while looking towards its Bitcoin trading pair One analyst is also pointing to an extremely bearish…
WeiterlesenHere’s Why Bitcoin Could Rally to $10,000 Before Seeing a Brutal Decline
Bitcoin’s intense volatility seen yesterday didn’t let up overnight, as the benchmark cryptocurrency pushed as high as $9,500 before facing a swift rejection The crypto has been able to stabilize within the upper-$8,000 region in the time since Analysts are now noting that this strong upwards momentum could lead BTC as high as $10,000, although…
WeiterlesenBitcoin Halving Goes Parabolic on Google Trends, Just As Price Explodes
In less than 48 hours, Bitcoin price has gone parabolic and risen by $1,700 and over 22%, touching nearly $9,500 before falling back to refuel. However, it isn’t just Bitcoin price that’s gone parabolic. Google Search Trends for the term “Bitcoin halving” has also spiked considerably, and could be partially what’s driving this epic rally.…
WeiterlesenChilling Fractal: Ethereum’s 150% Rally From March Lows Is About to Reverse
No multi-billion-dollar asset has performed quite as well as Ethereum over the past seven weeks. Since the $88 lows that were sustained after March’s “Black Thursday” crash, the cryptocurrency has rallied by 150%, reaching as high as $228 earlier today at the local peak of the ongoing rally. Many investors have been inclined to say…
WeiterlesenWhales Warn: Current Bitcoin Rally is Illiquid and Overextended
Bitcoin FOMO rally ahead of its mining reward halving could fizzle, warns a top analyst. The cryptocurrency has more than 21 percent to log its best week since June 2019. But whales think that the uptrend has come on the backs of poor liquidity that raises the possibility of a sharp pullback. It is Thursday…
WeiterlesenBitcoin Reclaims $9.2K as Fed’s Unexpected Stimulus Plans Ignite Demand
Bitcoin popped to fresh quarter highs Wednesday as the US Federal Reserve warned of a “medium-term” economic disaster. The central bank decided to maintain its benchmark lending rates near zero while calling for further stimulus support from Washington. The dovish outlook helped to send all leading assets higher, including the Wall Street index and Gold.…
WeiterlesenThis Rare Occurrence That Signaled Start of Bitcoin’s 300% 2019 Rally Is Back
Wednesday marked one of Bitcoin’s most powerful rallies in weeks. Within the span of just over 12 hours, the price of the leading cryptocurrency rocketed from $7,700 to a high of $9,000 — a dollar gain of $1,300 and a percentage gain of 17%. It was a move that shocked Bitcoin investors across the board,…
WeiterlesenBitcoin’s Move Past $8,000 Liquidates Millions; Sends Bears into Hiding
Bitcoin’s overnight upswing allowed the crypto to gain what appears to be a firm foothold within the $8,000 region This movement came about shortly after the extended period of sideways trading that it faced throughout the past several days It also liquidated millions of dollars in short-positions, leading BTC’s open interest to dive as bears…
WeiterlesenXRP Just Faced a Harsh Rejection at a Key Trendline; Trouble Ahead?
The aggregated crypto market has incurred some intense upwards momentum today, allowing major altcoins like XRP to post notable gains This latest upswing comes shortly after the cryptocurrency incurred a rally independent of the market yesterday It is important to note that XRP has faced a notable rejection against its Bitcoin trading pair, forcing it…
WeiterlesenBitcoin Just Shattered an “Optimal Short” Level; Here’s What This Means
Bitcoin saw a surprising overnight surge that allowed the cryptocurrency to capture a position within the $8,000 region This movement came about after an extended period of consolidation and multiple firm rejections at $7,800 BTC’s present momentum may not last too long, however, as the crypto is fast approaching a level that analysts are describing…
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