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…
Details
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…
Details
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…
Details
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.…
Details
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…
Details
You are digital red carpet invited to join us in a trinity crypto innovation trinity launch tomorrow. JOIN FREE HERE The event happens this Saturday 20th of June on the Summer Solstice in Crypto Voxels. 13:30 PST 16:30EST 15:30 CST 20:30 UTC 21:30 GMT 22:30 CET Watch a brief promo video about the event through…
Details
A bearish chart formation has appeared on Bitcoin dominance that could lead to another leg down and rebound in altcoin/BTC pairs. However, the 58% level could remain a barrier, keeping a full-blown altcoin season from occurring for quite some time longer. Bitcoin Dominance Forms Bear Flag, Hanging By A Thread On Channel Support BTC dominance…
Details
Bitcoin remains stagnant without providing any clear signs of where it is headed next. Over the past month, its price seems to have leveled off as continues consolidating within a $1,000 trading range. The ongoing stagnation phase forced the Bollinger bands to squeeze on BTC’s 1-day chart. Squeezes are indicative or periods of low volatility…
DetailsThe economy is on thin ice and jobless claims are still outrageously high, yet the stock market continues its V-shaped recovery and powerful rally. However, one chief investment officer claims that a stock market day of reckoning is coming – one that could also cause another sharp collapse in Bitcoin. If the stock market does…
Details
