Archiv für Juni 2020
Ethereum is “Hinting Danger” as Potential Distribution Pattern Emerges
Ethereum has continued consolidating alongside Bitcoin and the aggregated cryptocurrency market The crypto is flashing some signs of weakness due to its recent break below its over-month-long trading range between $230 and $250. Buyers have been ardently guarding against a dip below $220, which remains the cryptocurrency’s crucial near-term support Analysts believe that ETH’s weakness…
WeiterlesenBitcoin Indicator Shows Price Could Hit $7,100 as Resistance Mounts
Bitcoin has further extended its long-held bout of sideways trading as it hovers within the lower-$9,000 region It is continuing to flash some signs of weakness, however, as its price has been unable to garner any upwards momentum This weakness has caused the one indicator to suggest that the crypto could be positioned to see…
WeiterlesenWHO’s Scary Warning May Set Back Bitcoin’s Bull Run, Here’s Why
The World Health Organization has issued a terrifying warning that the “worst” of the pandemic “has yet to come.” The first wave brought record devastation to Bitcoin and the stock market, and investors now fear another crash. If the worst has yet to come for the outbreak itself, could the market experience an even steeper…
WeiterlesenSignal That Marked Start of Bitcoin’s 2015 Bull Run Just Hit a New High
With Bitcoin being range-bound for nearly the past two months, it’s been easy for investors to revert to a bearish mindset. Nothing shows this as well as the funding rates of BTC futures markets, which are now neutral-negative instead of positive. Key on-chain metrics, however, suggest that the start of the next bull run is…
WeiterlesenEthereum Active Address Count Hits 2-Year High, Yet ETH Is Still Bearish
Ethereum’s price is more than 80% below its all-time high above $1,400. Yet this bearish price performance on a macro scale has not stopped users from flooding to the network. Data suggests that usage of the network is starting to reach the highs seen at the peak of 2018’s bubble. ETH’s price is unlikely to…
WeiterlesenA $2B Gold Fraud Portrays Bitcoin as „Less Vulnerable“ Alternative
Bitcoin found itself competing with traditional safe-haven gold all over again as authorities in China uncovered a $2 billion fraud. Kingold, one of the mainland’s most significant gold processing firms, allegedly collateralized 83 tons of fake yellow metal bars to secure 20 billion yuan (~$2.82 billion) worth of loans. Robert Breedlove, chief executive of crypto…
WeiterlesenA U.S. Stimulus-Backed Rebound Could Fuel a Bitcoin Bull Rally: Here’s Why
Bitcoin kicked off this week with a modest move higher, rising 0.78 percent as of Monday’s close. The gains followed a sharp sell-off last week as traders pinned their hopes on a new stimulus package by the Federal Reserve and the U.S. Congress. The sentiment helped S&P 500 pare part of its last week’s losses.…
WeiterlesenBitcoin May Hit $10,500 „Sooner or Later,“ Boosting Case for Upside
It’s been a tough past few days for Bitcoin traders. After holding ~$9,400, the cryptocurrency temporarily slipped under $9,000 on the weekend. In the process, dozens of millions of BitMEX longs were liquidated. Yet an analyst has asserted that there’s a high likelihood BTC revisits $10,500. Bitcoin then surmounting that level may lead to even…
WeiterlesenInstitutional Bitcoin Traders Think That the Top Is In; Factors to Consider
Bitcoin’s price has been flashing signs of overt weakness throughout the past several days and weeks The cryptocurrency is now rapidly approaching its critical support at $9,000 The buying pressure here appears to have been degrading over the past several days and weeks Institutional investors and professional traders on the CME appear to believe that…
WeiterlesenBitcoin Flips Bearish as Dreaded “Death Cross” Returns
Bitcoin’s price is flashing some signs of weakness again as it nears it crucial $9,000 support The multiple tests of this level do seem to indicate that it is growing weaker, and it may only be a matter of time before sellers forcefully push BTC beneath it This comes as the be3nchmark cryptocurrency grows bearish…
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