Archiv für September 2020
Bitcoin May Face Prolonged Accumulation Phase Around $9,000
Bitcoin is now caught within a persistent and relatively tight accumulation phase between $10,600 and $10,800 The cryptocurrency has been unable to post any type of ardent reaction to either of these levels, and has mainly traded in between them at $10,700 BTC’s ongoing bout of sideways trading has done little to offer insight into…
WeiterlesenData Shows Staggering Amount Of Bitcoin Supply Hasn’t Moved In Years
Bitcoin is the entire reason that the term “HODL” was coined, no pun intended. The phrase “hold on for dear life” may have been taken too much too heart, with more than half of the total BTC supply locked away dormant in a wallet for a year or more. Are these committed long-term holders, hoarders,…
WeiterlesenBitcoin And Crypto Market Roundup For The Week Gone By
Bitcoin is once again approaching $11K, after swiftly recovering from a drop alongside stocks and gold early last week. The leading cryptocurrency fell to $10K before bouncing amidst bullish headlines, including news that British overseas territory Bermuda had approved a Bitcoin ETF. Although not on U.S. soil, the event has created a stir among traders,…
WeiterlesenCrucial On-Chain Trend Suggests Bitcoin Could See a Trend Reversal
Bitcoin could soon see a bullish trend reversal as an on-chain indicator suggests it will do so. The on-chain indicator has predicted a number of notable price trends over the past few years. For one, during 2017’s bull market, the indicator formed a number of bounces off the 1.0 reading. Other fundamental trends also suggest…
WeiterlesenA Drop Under $300 Is the Path of „Least Resistance“ for Ethereum
Ethereum could drop even lower than it has over the past few weeks as it faces strong resistance. Analysts say that the crypto asset is vulnerable to a drop under $300 in the coming weeks. The asset is running up against critical resistances around $360-375. The coin will need to surmount this region, then hold…
WeiterlesenBitcoin, Global Stocks Plunge as US Presidential Debate Stoke Worries
Bitcoin and global stocks fell hours after the first presidential debate between Donald Trump and Joe Biden concluded on a chaotic note. The benchmark cryptocurrency erased a significant portion of its Tuesday gains to turn 1.19 percent lower. At the same time, futures tied to America’s S&P 500 index plunged 0.85 percent, hinting to open…
WeiterlesenA „Flash Crash“ Scenario Looms Over Bitcoin; Here’s Why
Bitcoin may undergo a significant price correction before the US presidential election due to its proximity to gold, hints Clem Chambers. The CEO of ADVFN – Europe’s leading stocks and shares website, told Kitco News that most assets that have shown a positive correlation during the 2020 bull run tend to fall in tandem. He…
WeiterlesenThis Fundamental Indicator Shows Why Bitcoin Can’t Seem to Break $11,000
Bitcoin’s price has entered a consolidation phase as it trades between $10,600 and $10,800 The cryptocurrency’s strong uptrend in recent days stalled as soon as it approached $11,000, as the selling pressure at this level has proven to be quite significant Analysts are now conflicted on where it may trend next, as it all depends…
WeiterlesenThese 5 Simple Factors Suggest Ethereum’s Rally is “Running on Fumes”
Ethereum has been largely consolidating throughout the past week as Bitcoin continues lacking decisive directionality The crypto has been subjected to some increased selling pressure throughout the past couple of hours, which led its price down to lows of $350 earlier today Analysts do believe that the token could be “running on fumes” at the…
WeiterlesenBitcoin Could See an Accelerated Decline to $9,500 if It Breaks One Key Level
Bitcoin’s price has been largely stagnant over the past couple of days, with its recent uptrend stopping short of leading the cryptocurrency up to highs of $11,000 BTC has been able to maintain the bulk of its recent gains despite the selloff seen yesterday afternoon This selloff caused it to wick as low as $10,500…
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