Bitcoin just completed a repeating pattern signaling the third, and potentially final miner capitulation event, that in during past cycles proceeded the start of a major bull run, leading to a new all-time high. Past Bitcoin Market Cycles Suggest Miners Capitulate Three Times Before Bull Run All financial markets are cyclical, and Bitcoin and cryptocurrencies…
DetailsIt’s no secret the past few weeks have been tough for Bitcoin investors. The past month saw a number of horrors: over a billion dollars worth of BitMEX positions were liquidated during the flash crash on March 12th, the cryptocurrency slid 50%, and much more. But, prominent analysts are starting to come to the conclusion…
DetailsEthereum is consolidating gains above the $170 and $165 support levels against the US Dollar. ETH price is likely setting up for another leg higher over the $175 resistance area. Ethereum is showing a few positive signs above the $170 support level. The price could gain bullish momentum once it clears the $175 resistance area.…
DetailsRipple is struggling to clear the $0.2025 and $0.2050 resistance levels against the US Dollar. XRP price is currently correcting lower and it could extend its decline towards $0.1920 or $0.1880. Ripple price is showing a few bearish signs below the $0.2025 resistance against the US dollar. It seems like the bulls are struggling to…
DetailsBitcoin is showing a few bearish signs below the $7,400 resistance area against the US Dollar. BTC price is currently declining and it could extend its weakness towards $7,100 or $6,800. Bitcoin is struggling to clear the $7,400 and $7,500 resistance levels against the US Dollar. The bears are slowly taking control and they are…
DetailsXRP has seen a notable price climb throughout the past few days, with its price rising in tandem with that of Bitcoin and most other major cryptos. This has led the token up towards $0.20, which appears to be where it faces some intense near-term resistance. Analysts don’t believe that this resistance will hold strong…
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Bitcoin and the entire crypto market appears to have entered another bout of sideways trading within the lower-$7,000 region, with bulls struggling to surmount the resistance that has been formed around $7,300. The price action seen throughout the past couple of weeks, however, seems to suggest that this consolidation may be short-lived, as it is…
DetailsAfter last month’s catastrophic collapse, Bitcoin and the rest of the crypto market has made a strong recovery, nearly doubling in value from the recent extreme low. But just as the asset class has reached critical resistance, a rough week and a deadly accurate sell signal triggering on a dozen or more individual crypto assets…
DetailsAfter incurring an incredibly intense uptrend that led Ethereum to highs of over $175 yesterday, ETH has lost some of its momentum and has declined below $170, with this drop coming about concurrently with that seen by Bitcoin overnight. In the near-term, it does appear that ETH’s bulls may have slightly overextended themselves, as the…
DetailsBitcoin dominance has not only broken down from a two-year-long uptrend, but it has also retested the trend line as resistance and failed to reclaim the key level. With trend line support now confirmed as resistance, its likely that Bitcoin dominance could see an extended downtrend in the days, weeks, and months ahead. But what…
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