Archiv für November 2020
Bitcoin Faces Pivotal Monthly Close, Ready To Ride Past ATH
Bitcoin price ended last week with a sharp, $3,000 decline, but the leading cryptocurrency by market cap is already right back where it left off, nearly retesting above $19,000 and setting a new all-time high. Even if the cryptocurrency pulls back again before the clock strikes 7:00 PM ET, the chances of a pivotal November…
WeiterlesenDon’t Get Hoodwinked by Hidden Bitcoin Trading Fees
Traders are flocking to Bitcoin in search of digital gold, but the journey can be costly and confusing, with hidden fees and cumbersome interfaces, making it difficult to navigate the market successfully. eToro makes cryptocurrency trading costs crystal clear. There are no fees buried in the fine print, and an intuitive user interface helps you…
WeiterlesenBitcoin’s Weekend Bullish Rebound is „Fakeout,“ Analyst Explains Why
Bitcoin rose during the weekend and continued trading upwards on Monday as traders weighed its bullish prospects against a tanking US dollar. But to one analyst, the ongoing upside move risks exhaustion as the week matures. Marc Principato, executive director at Green Bridge Investing, said Bitcoin might still head towards $16,000, a support level it…
WeiterlesenBitcoin Weekly Outlook: A $20K Retest Likely as Dollar Hits 2018 Low
A remarkable rebound this weekend has put Bitcoin back en route to $20,000, its record high to date. The flagship cryptocurrency still closed the week in red, down 1.28 percent on the whole. Many factors contributed to its decline, primarily profit-taking as its price logged a three-year high at $19,500. Meanwhile, rumors about US Treasury…
WeiterlesenHere’s the Bitcoin Price that “All the Key Levels” are Currently Pointing To
Bitcoin and the aggregated cryptocurrency market are currently pushing higher, with bulls moving to erase all of the losses that came about as a result of the recent selloff The selling pressure seen around its all-time highs in the mid-$19,000 region was unsurprising, but it may not hold strong during the next test of this…
WeiterlesenEthereum’s Rebound is “Getting Tired” as Analyst Eyes Move to $520
Ethereum has been climbing higher today alongside Bitcoin and the rest of the crypto market The strength seen as of late comes as Bitcoin puts some serious distance between its recent lows and its current price levels This indicates that bulls are in full control and are looking to form a “V-shaped” recovery that could…
WeiterlesenBitcoin Claims Crucial Level, But Break Below It Could Lead to $16,000
Bitcoin has been caught within a strong uptrend in the time following its recent selloff, with bulls largely absorbing the inflows of selling pressure After reeling down to lows of $16,400, the cryptocurrency faced a massive rebound that has now led it past $18,000 Its present momentum is showing few signs of slowing down, and…
WeiterlesenThis Pattern Suggests Bitcoin Could Plummet to $12,000 Before Uptrend Continues
Bitcoin and the entire crypto market are showing some signs of strength on this relatively quiet morning for the markets Following a brief bout of trading below $17,000, the benchmark cryptocurrency has firmly reclaimed this price region It is now attempting to push higher as bears lose steam, which could be a sign that its…
WeiterlesenHere’s Why Bitcoin May Need to Tap $13,000 Before Continuing Its Uptrend
Bitcoin has been spiraling lower ever since it tapped its all-time highs within the mid-$19,000 region There are a few factors driving this move lower, including selling pressure stemming from the rejection, fear regarding a regulatory crackdown in the U.S., and withdraws on OKEx resuming The confluence of these factors has created a perfect storm…
WeiterlesenHere’s the Key Level Ethereum Must Claim to Rally Towards $800
Ethereum’s price has been closely tracking that of Bitcoin as of late, which has caused the cryptocurrency to see some notable losses It has been defending $500 throughout the course of its recent push lower. This comes as Bitcoin breaks below $17,000 and begins seeing accelerating downwards momentum If $500 becomes a strong base of…
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