Bitcoin has been on an impressive rally since sustaining a 50% drop in March, rallying from the $3,700 bottom to a local high at $7,470. The move has convinced many traders that the cryptocurrency market is on the verge of entering yet another full-blown bull market. Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs,…
DetailsEthereum has seen a slight upswing overnight that has allowed it to navigate into the $160 region following a period of overt weakness seen throughout the past couple of days. This slight rise has come about concurrently with that seen by Bitcoin and most other altcoins. Analysts are now noting that ETH is in the…
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Ahead of the weekly candle close in approximately eight hours, Bitcoin has embarked on a slight rally higher, retaking $7,000 just minutes ago as of the time of this article’s writing. With this, the cryptocurrency has rallied some 3.5% from the weekend low, but remains 7% below last week’s local high at $7,470. Analysts suggest…
DetailsChainlink’s immense bullishness seen throughout 2019 spilled into 2020, with the market-wide uptrend in January and February sending the crypto to fresh all-time highs. Even in the face of intense bearishness over the past few weeks, LINK has been able to incur some parabolic momentum. This momentum, however, may not last too long, as the…
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As Bitcoin attempts to gain a foothold above $7,000, analysts are noting that data shows large players within the market are currently foraying back into Bitcoin, which could be a sign that further volatility is imminent in the days and weeks ahead. Traders do seem to believe that this next movement will favor bears, as…
DetailsCrypto data provider Messari shared in a recent post that Ripple’s XRP was one of the worst-performing cryptocurrencies in Q1 of 2020, underperforming players like Bitcoin and Ethereum by a long shot. But, analysts are observing that the cryptocurrency is starting to show signs of an imminent recovery against Bitcoin (the XRP/BTC chart). Related Reading:…
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Over the past two hours, Bitcoin has rapidly reversed after it passed $7,000 on Sunday. As of the time of this article’s writing, the cryptocurrency trades at $6,675, some 8% below the daily high around $7,200. BTC wicked as low as $6,580 just minutes ago. According to data from Skew.com, this strong move lower resulted…
DetailsBitcoin was rejected above the $7,000 level and it declined heavily against the US Dollar. BTC price is currently trading in a bearish zone and it could continue to slide towards $6,400. Bitcoin is showing a lot of bearish signs below the $7,000 pivot level against the US Dollar. There was a key technical rejection…
DetailsEthereum failed to clear the $162 resistance and declined recently against the US Dollar. ETH price is now approaching the main $145 support, where the bulls might take a stand. Ethereum is showing a few bearish signs below the $155 and $162 resistance levels. A new monthly low is formed near $148 and the price…
DetailsRipple failed to stay above the $0.1900 support and declined sharply against the US Dollar. XRP price remains at a risk of more losses below the $0.1800 support area Ripple price is down more than 2% and it settled below the $0.1880 level against the US dollar. A new weekly low is formed near $0.1812…
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