The sentiment around Ethereum has not been as strong as Bitcoin in the past two weeks. But over the longer term, researchers expect ETH to perform particularly well in the next bull cycle. The optimism around Ethereum in the medium to long term comes from the potential fundamental catalysts that await in 2021. Anthony Sassano,…
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The $13,000 level is considered the most important resistance area for Bitcoin in the short to medium term. Yet, many technical analysts and traders are not convinced it is the peak for the dominant cryptocurrency. The performance of Bitcoin over the next week could heavily affect how it performs until the year’s end. For now,…
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A combination of supportive fundamental and technical catalysts are pointing towards an extended Bitcoin bull run. The BTC/USD exchange rate kicked off the new week in positive territory on signs of institutional adoption, lower sell-off sentiment, and the global market uncertainty over the second coronavirus fiscal aid and the November 3 presidential election. The pair…
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The Ethereum blockchain network is on track to settle over $1 trillion worth of transactions in 2020. According to the data from Messari and CoinMetrics, the network settled $989 billion in value year-to-date. Julien Bouteloup, a decentralized finance (DeFi) security auditor and developer, said: “Ethereum is now the dominant settlement layer in crypto and is…
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Bitcoin price this morning is back well above $13,100 after an overnight plunge pierced below resistance turned support at $13,000. The rebound from support could be enough momentum to push the cryptocurrency higher toward $15,000. Here’s the current price action as it is developing, and what could result. Bitcoin Forms Bullish Pennant, Target $15K, But…
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A combination of supportive fundamental and technical catalysts are pointing towards an extended Bitcoin bull run. The BTC/USD exchange rate kicked off the new week in positive territory on signs of institutional adoption, lower sell-off sentiment, and the global market uncertainty over the second coronavirus fiscal aid and the November 3 presidential election. The pair…
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As Bitcoin catches a break after exploding above $13,000 last week, it’s mid-cap rival Yearn Finance (YFI) is looking to rally higher. The prediction comes from a pseudonymous analyst on Twitter who expects a consolidating Bitcoin to disperse a portion of its bullish sentiment across the altcoin market. YFI, an alternative investment asset to Bitcoin…
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Ripple corrected lower from $0.2640, but it found support near $0.2510 against the US Dollar. XRP price is currently rising and it seems like the bulls are aiming a fresh increase above $0.2600. Ripple remained well bid above the $0.2500 and $0.2510 support levels against the US dollar. The price is now trading above the…
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Ethereum is struggling to gain momentum above $410 and $420 against the US Dollar. ETH price might start a strong downside correction if it clears the $400 support. Ethereum is facing a couple of major hurdles near the $410 and $412 resistance levels. The price is currently holding the $400 support and the 100 hourly…
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Bitcoin price traded to a new monthly high at $13,352 before correcting lower against the US Dollar. BTC is currently trading nicely above the 100 hourly SMA and it could attempt another increase. Bitcoin is trading nicely above the $12,800 and $13,000 support levels. The price is holding gains above the 100 hourly simple moving…
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