Bitcoin has held up surprisingly well throughout the past day, with buyers maintaining its price above $7,000 despite facing multiple firm rejections around $7,200. This has led some analysts to note that a break above this level could be imminent. This short period of consolidation also comes as a highly bullish fractal pattern emerges, which…
DetailsEthereum has gained what appears to be a solid foothold within the $170 region in the time following its recent upswing, with its intense outperformance of Bitcoin and most of its peers allowing it to form a highly bullish short-term market structure. Analysts are now noting that ETH is showing some of the largest bullish…
DetailsAfter another day of sideways trading, Bitcoin has once again been unable to close its daily candle above $7,200, making the cryptocurrency prone to seeing further weakness in the weekend and week ahead. The benchmark cryptocurrency may not be able to make any meaningful trend defining moves in the days ahead either, as one analyst…
DetailsBitcoin is currently trading in a broad range above the $6,500 support against the US Dollar. BTC is facing a major resistance near $7,500 and the 100-day simple moving average. Bitcoin is still in a larger downtrend below the $7,500 resistance against the US Dollar. The price is currently consolidating above the $6,500 support area.…
DetailsEthereum is up close to 15% and it broke many hurdles against the US Dollar. ETH price settled above the $170 level and it is facing a key resistance near the $175 level. Ethereum rallied more than 10% and broke many resistances near $165 and $170. The bulls pushed the price towards the next key…
DetailsRipple rallied recently above $0.1900 and $0.1910 against the US Dollar. XRP price is currently correcting gains, but it is likely to climb back above $0.1900 in the near term. Ripple price is showing a lot of positive signs above the $0.1840 support against the US dollar. A new weekly high is formed near $0.1935…
DetailsIt has been a generally positive day for the crypto markets, with Bitcoin’s rebound from its dip below $6,600 yesterday allowing it to incur some notable momentum that has since led it to break back into the $7,000 region. The intensity of this uptrend has been particularly visible amongst altcoins – many of which have…
DetailsBitcoin’s intense overnight rally has stalled within the lower-$7,000 region, as the benchmark cryptocurrency has been unable to surmount the heavy selling pressure that has been firmly established just above its current price region. Its inability to push higher despite the overt bullishness of its swift rebound from lows of $6,600 may stem in part…
DetailsEthereum has been one of the best performing cryptocurrencies throughout the course of the recent uptrend that was incurred yesterday evening, with ETH’s bulls propelling the crypto up nearly 10%. This intense uptrend has come shortly after new data was released showing a massive influx of institutional money into ETH, which could be a sign…
DetailsThe highly cited stock-to-flow model, designed to assign a theoretical value to Bitcoin based on the asset’s hard-coded digital scarcity, may not be mathematically sound, according to the CIO of Arcane Assets, Eric Wall. Wall not only claims the S2F model is flawed, but has offered up an alternative, dubbed the Reddit Rainbow chart, that…
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