Bitcoin could soon see a massive move as volatility continues to tighten, according to a crucial indicator. Investors, however, remain largely divided over what comes next for the cryptocurrency. Related Reading: A Top Macro Analyst Just Bought Bitcoin For the First Time Ever Bitcoin Is Prepping For a Massive Move The width of the Bollinger…
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Ethereum has now pushed below the lower boundary of its long-held trading range that has been formed throughout the past several weeks This weakness has come about as Bitcoin also inches lower Both of these digital assets have been maintaining above these levels over the past several weeks, and a firm decline beneath them would…
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The past few days and weeks have seen Ethereum’s decentralized finance ecosystem erupt higher. As Camila Russo, a former Bloomberg journalist turned Ethereum publicist, accentuated this when she noted on June 19th that the past week has seen the value of tokens locked in DeFi applications surge by 40% to $1.4 billion. Some are skeptical…
DetailsWhile Bitcoin’s uptrend has stalled, prominent names in the financial world have continued to delve into cryptocurrency. The latest of these is Darius Dale, the Managing Director & Partner at Hedgeye Risk Management. Dale heads the firm’s Macro Strategy team alongside the chief executive of Hedgeye. The analyst announced on June 19th that he “just…
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Bitcoin’s recent consolidation has thrown most investors for a loop: the majority aren’t too sure what comes next for the cryptocurrency market. Some, though, have made progress in discussing the recent price action. One analyst observed that stepping back and looking at BTC’s medium-term price action, the past three months look extremely structurally similar to…
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Another week, another round of Crypto Tidbits. It’s been a relatively mild week for the Bitcoin market, much unlike previous ones. The cryptocurrency started the week around $9,300 and ended the week right around that level, with BTC changing hands between $8,900 and $9,550 for the past seven days. Each attempt at breaking out of the…
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Bitcoin bulls were able to post a strong defense of a crucial support level after facing some turbulence overnight. This bolstered the cryptocurrency and has resulted in it once again trading squarely within its previously formed consolidation channel around $9,400. It does appear that BTC is now sitting just beneath a heavy resistance level that…
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Bitcoin’s lackluster price action over the past few weeks has struck a serious blow to investor sentiment, leading many to anticipate weakness in the days and weeks ahead. That being said, this growing bearishness may be unwarranted, as some interesting trends seen while looking towards its on-chain fundamentals seem to suggest that further upside is…
DetailsEthereum’s utility has seen an explosive rise over the past couple of years. Throughout late-2017 and most of 2018, the blockchain’s utility was primarily rooted in the ICO mania that plagued the cryptocurrency market. This shifted in late-2018, however, as a regulatory crackdown on ICOs across the globe largely put an end to the trend.…
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A great debate is taking place across the cryptocurrency community, arguing over if decentralized finance (DeFi) will have a similarly bullish impact on Ethereum price when the next bull market begins. And while it is difficult to argue that such astronomical gains will happen yet again in the altcoin, the alternative to traditional finance could…
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