Archive for April 2020
After BTC’s Best Day In Months, Bitcoin is Blowing Up on Chinese Twitter
April 29th was undoubtedly one of Bitcoin’s biggest days in months. On this day, the cryptocurrency finally broke from its consolidation pattern under the $7,800 resistance in a strong fashion, reaching $9,000 at the trading session’s highs — more than 15% higher where it had started. The move was unexpected, so unexpected that the move…
Read MoreGoldman’s S&P 500 Crash Prediction Puts Bitcoin Vulnerable in Mid-2020
American banking giant Goldman Sachs has made a bleak prediction for the S&P 500 and its one that will impact Bitcoin and the rest of the crypto market. According to the firm, the major US stock index will eventually retest 2400 points around mid-year before a stronger rally back to nearly 3000 points takes place.…
Read MoreThis Bullish Bitcoin Factor Has a 85% Strike Rate Since 2011. It’s Nearly Back
Despite the impressive rally Bitcoin has embarked on since March’s lows, there’s been growing uncertainty in the crypto market. Some are fearful that an extended economic recession could send cryptocurrencies tumbling, while others have suggested that BTC is on the verge of an explosive rally, citing the block reward halving. The uncertainty may soon end…
Read MoreFears of a Crypto Crash Grow: On-Chain Data Signals Imminent Altcoin Weakness
Although all altcoins are not yet rallying in tandem, some top crypto assets have been outperforming as of late. Case in point: CoinMarketCap data as of the time of this article’s writing, XRP — the third-largest cryptocurrency by market capitalization — is up 10% in the past 24 hours, outpacing Bitcoin’s relatively mild 0.5% gain.…
Read MoreBitcoin Rallied 140% It Claimed This Critical Level. It Just Happened Again
It has been an important past few weeks for Bitcoin. Due to consistent buying pressure, the cryptocurrency has crossed above key resistance level after key resistance level after March 12th’s crash, reaching a high of $7,800 just recently. This move has shocked traders, with many just weeks ago thinking that BTC was on its way…
Read MoreXRP and BCH at Risk of a Severe Correction After a Textbook Sell Signal Emerges
Over the past few weeks, we’ve seen many begin to itch for a rally in XRP, Bitcoin Cash, and other high-profile altcoins. With Ethereum starting to outperform, investors have been wondering when others would follow suit. Luke Martin, a prominent crypto trader featured on CNN last year, summed up the hype well by posting the four…
Read MoreTop Crypto Whale Trashes DeFi, An Ethereum Marketing Ploy with “No Utility”
One of the most hyped aspects of Ethereum’s ecosystem, decentralized finance (DeFi), has been under the microscope over the past week after a double-whammy hack, with the same underlying exploit being used to steal assets from two DeFi platforms. It began late last week when approximately $300,000 worth of Ether and imBTC, a tokenized version…
Read MoreInstitutional Traders Highly Active as Importance of Bitcoin’s Rally Grows Clear
Bitcoin’s recent rally has sparked a massive influx of activity from large retail and institutional futures traders This heightened trading activity comes as the crypto reaches a “make or break” price level that could determine how it trends in the weeks and months ahead Bitcoin incurred a notable uptrend yesterday morning that allowed it to…
Read More2 Reasons Tezos Risks a Chilling Correction Despite Bitcoin’s 6% Upsurge
Tezos has further extended the insane uptrend that was first incurred early yesterday, and the crypto is flashing overt signs of strength This uptrend is quickly leading XTZ up to its next major high-time-frame resistance – a level that could pose a serious to challenge to bulls If this resistance holds strong or Bitcoin begins…
Read More3 Reasons Why Bitcoin Defied Bears, Suddenly Rallying 10% to $7,800
Bitcoin has done extremely well over the past 24 hours. After falling as low as $6,800 on Wednesday, the cryptocurrency mounted a strong comeback on Thursday morning, rallying from $7,050 to $7,800 in an explosive fashion to mark an over 10% gain. (As a note: some of that rally has since been reversed as bears…
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