Bitcoin has once again flatlined. After failing to surmount $9,500 this last week, the cryptocurrency has settled back down to the $9,200-9,300 region. Analysts remain divided over which way a breakout will take BTC, evidenced by the overall neutral funding rates on futures exchanges. Chart of BTC’s price action over the past few days from…
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The most significant confirmation that Bitcoin is about to begin a new bull run could arrive as soon as tonight’s daily and weekly close. Post-Halving BTC: Will 2020 Be The Year of The Bull Market Returns? 2020 is gearing up to be the year of Bitcoin. All eyes were on the cryptocurrency to start out…
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In traditional markets, weekends pause for a moment of peace. Not Bitcoin and the rest of crypto, however. Weekends are often when the most alarming moves occur, due to relatively low liquidity and trading volume. That’s why it shouldn’t be a surprise that Bitcoin pulled a “Darth Maul” this morning and stopped out traders on…
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It seems that many crypto traders are preparing for an imminent pullback in the price of Bitcoin. The cryptocurrency once again sustained a rejection at $9,500, which quickly deflated the expectations of a bullish breakout. One crypto technician shared the image below on July 9th, showing that there was recently an influx of short positions…
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Ethereum traded to a new monthly high near $249 before correcting lower against the US Dollar. ETH price is currently trading nicely above $253 and it could rally again towards $250. ETH price is holding the main $235 support level and the $232 pivot level against the US Dollar. It is facing a couple of…
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Bitcoin is trading nicely above the $9,100 and $9,200 support levels against the US Dollar. BTC is forming a crucial breakout pattern and it must break $9,400 for a sustained upward move. Bitcoin is trading above the key $9,120 support level and the 100 simple moving average (4-hours). The price is facing a strong resistance…
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Bitcoin’s consolidation phase seen throughout all of May and June is showing few signs of letting up anytime soon and has caused the cryptocurrency’s volatility levels to hit multi-year lows. Although there aren’t many overt technical catalysts for volatility in the near-term, there may be a few events that could help to shake up BTC’s consolidation…
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After years of underperformance compared to the rest of the crypto market, XRP has been pumping from bear market lows. But just as the altcoin reaches a key level on its Bitcoin trading pair, an ominous sell signal has triggered. Will the recent rally in Ripple fully retrace as pumps have in the past? Or…
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Bitcoin has entered yet another consolidation phase, this time hovering around $9,200 as it reestablishes its position within its previously held range between $9,000 and $9,300. The cryptocurrency’s recent price action has done little to offer any significant insight into its macro outlook, as it still remains caught within its long-held range between $9,000 and…
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One of the hottest crypto trends over recent months has been Ethereum DeFi. Also known as decentralized finance, DeFi is the industry of building decentralized applications for financial services. As can be seen below, coins related to this sector have gone parabolic, outpacing Ethereum. Take the example of Aave’s LEND token, which is up by…
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