Ethereum’s weakness as of late has primarily been rooted in that seen by Bitcoin. From a fundamental perspective, the cryptocurrency is arguably at one of its strongest points ever, with daily transactions recently breaking 1 million while its userbase sees massive growth. This strength has not translated into positive price action yet, as all of…
DetailsEthereum’s budding decentralized finance ecosystem has gone parabolic over recent weeks. The value of cryptocurrencies locked in DeFi applications has skyrocketed to $1.65 billion, 65% higher than this metric was just 12 days ago. Simultaneously, the number of users leveraging applications like Compound, Maker, and Synthetix has skyrocketed. Unfortunately, a purported hack just took place…
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Bitcoin has recovered most of the losses it posted yesterday. After facing some immense turbulence that sent it reeling below its crucial support, the crypto has since been able to climb back into its long-held trading range. This recent price action has been far from bullish, with the continued tests of $9,000 leading many to…
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There are many analysts saying that Bitcoin looks like it’s at a medium-term high. As reported by NewsBTC previously, a trader said that the cryptocurrency is trading in a textbook “distribution” pattern. Referencing the chart below, the trader said: “A couple more clues developing that lend themselves to HTF distribution. 1. Rising Demand on the…
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Despite falling prices, one of the most important and profitable buy signals in the history of Bitcoin is about to trigger. Unless a sharp decline happens and miners powering the cryptocurrency protocol begin to capitulate, the signal is just days away from confirming. Bitcoin Price Holds Above $9,000, Just Days Away From Most Important Buy…
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Bitcoin has recovered most of the losses it posted yesterday. After facing some immense turbulence that sent it reeling below its crucial support, the crypto has since been able to climb back into its long-held trading range. This recent price action has been far from bullish, with the continued tests of $9,000 leading many to…
DetailsIn May, after building a following of tens of thousands by making millions trading Bitcoin, “Joe007” threw in the towel. At the time, the pseudonymous trader cited his inability to “afford Twitter.” “Trading is a dangerous, adversarial, high-stakes info game. It’s played against best-in-class, looking for any advantage. Your trade results and views being public…
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Ethereum is declining and trading below the $225 support against the US Dollar. ETH price remains at a risk of more losses and it might revisit the $200 support. ETH price is showing bearish signs and trading below the $225 support area against the US Dollar. It tested the $215 support and settled well below…
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Bitcoin started a major decline after it broke the $9,500 support against the US Dollar. BTC is now trading below $9,000 and it remains at a risk of more losses below $8,800. Bitcoin is gaining bearish momentum below the $9,500 and $9,200 support levels. The price traded as low as $8,813 and it is currently…
DetailsAt the start of 2020, Bitcoin was trading above $10,000 for the first time since June 2019. Several indicators and sentiment suggested a new bull market was underway. But the “white swan” pandemic that put the world on lockdown, also put a stop to Bitcoin’s momentum. And according to a new tool developed by a…
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