Bitcoin’s consolidation over recent weeks has convinced some traders that there is a move to the downside in the works. As reported by NewsBTC recently, one analyst commented that the recent price action is signaling a potential “distribution” pattern: “A couple more clues developing that lend themselves to HTF distribution. 1. Rising Demand on the…
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Ethereum is stuck in a range below the $242 and $245 resistance levels against the US Dollar. ETH may soon either rally above the $245 resistance or decline sharply below the $235 support. Ethereum is currently consolidating in a range above the $235 support zone. The price is facing a couple of important hurdles near…
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Bitcoin extended its decline and spiked towards $9,100 against the US Dollar. BTC is currently recovering, but it must gain strength above $9,300 for a sustained upward move. Bitcoin spiked to the downside and traded to a new weekly low at $9,096. The price is currently trading above $9,200, but it is still facing a…
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Chainlink (LINK) found support near $7.000 after a sharp downside correction against the US Dollar. It is climbing again and it seems like the bulls are aiming a fresh high above $8.500 and $9.000. Chainlink token price is regaining strength above the $7.800 and $8.000 levels against the US dollar. The price is likely to…
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It’s no secret that the anonymous and entirely digital crypto market is rife with scams, fraud, and crime. Although this only accounts for a small portion of the market as a whole, it is still a thorn in the side of the industry. It is also one of the main talking points used by anti-crypto…
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In 2018, Bitcoin plunged as low as $3,200. Save for a handful of analysts, few investors expected the cryptocurrency to fall that low and that from its $20,000 all-time high. Despite the drop, bulls managed to re-assert control over the market, taking BTC back to $14,000 in the six months after the low. With this…
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Bitcoin price continues to chug along sideways, leaving trading volume, volatility, and other key metrics stagnant. When volatility gets this low, the Bollinger Bands contract. Historically, the popular technical analysis indicator getting this tight on BTCUSD price charts has led to an explosive 50% or more move. But which direction will the cryptocurrency head? It’s…
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Since Bitcoin peaked at $20,000, investors have been asking when that high will be breached. For over two years, BTC hasn’t been even close to accomplishing that feat. A new poll by a prominent cryptocurrency analyst, however, suggests that many think Bitcoin will soon trade above its $20,000 high. Related Reading: Crypto Tidbits: TikTok’s Dogecoin Craze,…
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Cardano (ADA) has been caught in the throes of an intense uptrend throughout the past several weeks. Its massive climb has primarily been rooted in the excitement surrounding the rollout of the highly anticipated Shelley mainnet upgrade, as well as some other positive news that its community has rallied behind. Although it’s uptrend has stalled…
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After facing some turbulence throughout the early part of the month, XRP has been able to stabilize just below its key $0.20 resistance level, marking a notable climb from its multi-week lows of $0.17. Despite its apparent stability and slight strength around its current price levels, analysts are noting that the token has reached a…
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