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…
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Bitcoin could break above $10,000 in the next quarter. The upside sentiment matures as the S&P 500 hints at painting a super-bullish Golden Cross in July 2020. The U.S. benchmark’s growing correlation with Bitcoin could help it attempt a breakout towards $20,000. As bitcoin repeatedly struggles to close above $10,000, the S&P 500 is paving…
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Ethereum is declining steadily below the $235 resistance zone against the US Dollar. It seems like ETH could decline heavily if it breaks the $225 support zone in the near term. Ethereum is trading in a bearish zone below $232 and the 100 hourly simple moving average. The price is slowly declining towards the key…
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Bitcoin’s recent consolidation has left analysts and investors alike largely puzzled as to what comes next. Nothing is a better sign of this than the funding rates of BTC futures markets, which are converging towards 0.00%. This shows that both the long and short side of the market is not overvalued. An analyst has suggested…
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As Bitcoin dips below $9,500, a prominent market analyst sees the cryptocurrency resuming its uptrend towards $10,450. Michaël van de Poppe, a full-time trader from the Amsterdam stock exchange, predicted the bullish scenario as Bitcoin maintained a concrete price floor above $$9,250-9,300. The same support range was instrumental in sending the bitcoin price towards $14,000…
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Ripple is slowly moving lower and now trading well below $0.1920 against the US Dollar. XRP price remains at a risk of more losses unless it gains strength for a push above $0.1900. Ripple is facing an increase in selling pressure below the $0.1920 resistance against the US dollar. The price is currently trading below…
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Bitcoin is declining steadily and trading below $9,400 against the US Dollar. BTC could decline sharply below $9,250 if it fails to reclaim the 100 hourly simple moving average. Bitcoin is slowly moving lower and now trading well below the $9,500 pivot level. The price is showing a few bearish signs below $9,400 and the…
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It’s been an explosive past few months for Bitcoin, equities, and other global markets. After a liquidation event in March that sent cryptocurrencies down by over 50% and other asset classes down almost as much, a bounce has ensued that has largely deleted the losses of March. BTC now trades for $9,400, up by approximately…
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Bitcoin investors have been growing impatient as the benchmark cryptocurrency continues hovering within the mid-$9,000 region. It has been consolidating here for many weeks, and each attempt to catalyze momentum – in either direction – has been futile. BTC has seen trends like this in years past, and they nearly always resolve in the crypto…
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