Despite the bearish macroeconomic view, Bitcoin has performed extremely well over the past few weeks, rallying from the $3,700 lows to a high of $7,500 just last week. Even after a slight correction, the cryptocurrency remains around 90% higher than it did during the “Black Thursday” crash. But, some analysts are starting to worry that…
DetailsGold, the original store of wealth and safe-haven asset, recently set a new seven-year high as the recession ramps up. But as the high was tapped, profit-taking began and a pullback ensued. However, one long-term trend finding indicator has flipped green on monthly timeframes, potentially carrying gold to a new all-time high and a decade…
DetailsXRP has continuously struggled for the last two years, unable to break free from downtrend resistance and recover any lost gains from the asset’s previous peak. But the altcoin commonly called Ripple has recently reclaimed the downtrend line from all-time high, after a false breakout and subsequent collapse. now that the important level has been…
DetailsBitcoin has been showing a tight correlation with the stock market – the largest correlation in the asset’s young history. A historically accurate sell signal has just triggered across three major United States stock indexes, which not only could cause another major selloff across all markets, but it could cause Bitcoin and the rest of…
DetailsBitcoin 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…
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