Bitcoin saw some notable volatility earlier today that led the cryptocurrency to rally up towards $7,700 before facing yet another dire rejection at this level. This has placed BTC firmly back into a tight trading range and has led analysts to anticipate further downside. One trader is noting that the cryptocurrency could be well positioned…
DetailsBitcoin is up 2% and it broke the $7,600 resistance area against the US Dollar. However, BTC price is likely to face a strong resistance near $8,000 in the near term. Bitcoin is showing signs of exhaustion above $7,500 and $7,600 against the US Dollar. The bears are likely to put a strong fight near…
DetailsEthereum is still struggling to clear the main $200 resistance against the US Dollar. ETH could start a short term downside correction if it continues to struggle near $200. Ethereum is currently trading in a range below the $200 and $202 resistance levels. The price is showing a few bearish signs below the $200 pivot…
DetailsRipple is trading nicely in a bullish zone above $0.1950 against the US Dollar. XRP price is likely to accelerate higher above the $0.2000 and $0.2020 resistance levels. Ripple price is showing signs of more upsides above $0.2000 against the US dollar. A key support is forming near the $0.1920 pivot level. There is a…
DetailsNow just over two weeks out is 2020’s Bitcoin block reward reduction, also known as a “halving.” It’s an event that has become the topic of conversation for many watching the cryptocurrency space. The halving has become so hyped, in fact, that an extensive article on the subject was recently featured on Bloomberg’s Terminal. With…
DetailsTezos is one of the few cryptocurrencies that has managed to shine during these times of economic uncertainty. Indeed, multiple days of back-to-back gains have seen XTZ catalyzing calls for an impending altseason. Tezos daily chart showing 50-day and 200-day MA. (Source: tradingview.com) With that, late last week, Weiss Crypto Ratings announced their list of…
DetailsSince Ethereum’s launch in 2014, the ERC20 token has become far and away the most-used token standard. According to Etherscan, there are currently over 250,000 different token contracts on the Ethereum blockchain. Furthermore, the availability of decentralized exchange services such as Uniswap means that ERC20 tokens are far more liquid than tokens minted on any…
DetailsBitcoin has been on a remarkable run over the past few weeks, rallying over 100% from March’s lows around $3,700. It’s been an impressive move that has liquidated dozens of millions of dollars worth of shorts. But even after more than 100% in gains, analysts are convinced that BTC has more upside. One fund manager,…
DetailsEthereum is gaining bullish momentum above $190 area against the US Dollar, and turned green vs bitcoin. ETH price is currently consolidating gains, but it is likely to surge above $200. ETH price is trading nicely above the $188 and $185 support levels against the US Dollar. A new monthly high is formed near $198…
DetailsAltcoins — crypto assets that are not Bitcoin — have done extremely well over the past four weeks. Per data from TradingView.com, after reaching 68%, Bitcoin dominance — the percentage of the crypto market that consists of BTC — has fallen to 64%. It’s a 4% drop that amounts to billions in this multi-billion-dollar asset…
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