Archive for November 2020
Ethereum Erases Recent Losses as Analysts Eye Move to $800 Next
Ethereum and the entire crypto market are showing immense signs of strength today This comes as investors pour money into the market at a rapid pace, with Bitcoin rapidly approaching its all-time highs This rebound comes close on the heels of a sharp selloff that led ETH to $490 and BTC to $16,400 Where the…
Read MoreIt’s a “Do or Die” Moment for Bitcoin as Bulls Send it to Critical Resistance
Bitcoin is seeing some immense momentum at the moment, with bulls sparking a strong upswing that is showing no signs of slowing down This came about following the massive downwards movement seen late-last week after the cryptocurrency tested its $19,500 all-time highs The rejection here showed that bears would ardently try to defend this level,…
Read MoreAnalysts Think Bitcoin is Running Up Against a Key Resistance Level
Bitcoin has finally begun to strongly recover since last week’s lows near the $16,200 region. In the past 48 hours, the coin surged from the $17,000 region to $18,500 — the highest the coin has traded at in many days. Analysts are mixed over what comes next for Bitcoin. Some think that this rally is…
Read MoreAnalyst Who Predicted Bitcoin’s 2018 Lows Says Another Drop Is Likely
Bitcoin has undergone a strong drop since the highs of $19,500 seen last week A historically accurate analyst says that further losses are likely for the cryptocurrency The analyst shared a chart showing that Bitcoin is likely in the midst of trading in a dead cat bounce prior to further losses He cited the Elliot…
Read MoreBitcoin Could Be Mirroring This Extremely Bullish Gold Fractal from the 1970s
Bitcoin is currently caught within a strong upswing following its recent selloff Bulls are pushing the crypto towards $18,000 as they move to erase its recent losses Where it trends next will depend largely on how sustainable this ongoing move higher is One investor is now noting that a gold fractal from the 1970s seems…
Read MoreEthereum’s Technical Outlook Strengthens as Market-Wide Recovery Begins
Ethereum has been closely tracking Bitcoin’s price action throughout the past few days and weeks, which has led it to see some immense turbulence as of late Just two days ago, the benchmark cryptocurrency faced a rejection at its all-time highs that resulted in it reeling from $19,500 to $16,400 This selloff was the most…
Read MoreBreaking Down the Effect of Bitcoin’s $3,000 Drop on the Futures Market
Bitcoin has undergone a strong drop since peaking at $19,500 just days ago The coin currently trades at $17,000 as of this article’s writing Analysis compiled by Coinalyze found that over the course of the past few days, $1 billion worth of open interest has been wiped from leading Bitcoin futures exchanges This was accompanied…
Read MoreRegulation Rumors Not Likely to Affect Bitcoin in Long Term
Yesterday, the chief executive of top Bitcoin exchange Coinbase, Brian Armstrong, revealed that the U.S. Treasury is likely targeting Bitcoin. Armstrong elaborated that he thinks this could have extremely negative effects on the space. Still, Kyle Samani, a managing partner at Multicoin Capital, doesn’t see this as a concern for Bitcoin’s rally. Coinbase CEO Talks…
Read MoreWhy One Analyst Claims This Latest Ethereum Selloff is an Ideal Buying Opportunity
Ethereum and the entire crypto market saw a sharp downturn, with Bitcoin plunging by over 10% while ETH declined towards $500 This selling pressure has been quite intense and may continue hampering the cryptocurrency in the near-term Where it trends in the near-term will depend largely on whether or not bulls can stop it from…
Read MoreBitcoin Bulls Face $750m in Liquidations During Latest Selloff
It has been a rough past 12 hours for Bitcoin, as the benchmark cryptocurrency is currently in the process of erasing weeks of gains as it plunges lower The crypto came within a stone’s throw of its all-time highs before the selling pressure began mounting From here, its price rejected and began its descent down…
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