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05/07/20 23:27 by Nick Chong
Bitcoin Just Plunged Under $9,000: Here’s What Analysts Are Saying
Bitcoin has collapsed under $9,000 for the umpteenth time in the past few weeks.
Minutes ago, the leading cryptocurrency slipped under $9,000 for the second time in the past week. As of the time of th... Read More
05/07/20 12:00 by Nick Chong
Macro Cardano (ADA) Chart “Highly Suggests” the Bull Run Is Over: Analyst
Despite the rhetoric on Twitter, holding Bitcoin has actually not been the best crypto investment of 2020 thus far.
The chart below shared by a cryptocurrency data analyst is a perfect case in point. ... Read More
04/07/20 06:00 by Nick Chong
Last Time Bitcoin Volatility Was This Low, BTC Surged by 25% in 24 Hours
For the past few weeks, Bitcoin analysts have observed extremely low volatility in the nascent cryptocurrency market.
Nothing shows this inaction quite as well as the chart below from Blockroots found... Read More
04/07/20 01:00 by Nick Chong
A Signal Last Seen Before Bitcoin Plunged to $3,700 Is About to Return
To many, determining which direction Bitcoin trends from here is a coin toss. One trader shared the image below with the caption: “You guys still trading this garbage? I’m not doing anythi... Read More
03/07/20 23:00 by Nick Chong
Analyst Who Predicted Bitcoin’s V-Shaped Reversal at $3,700 Is Bullish
It’s been a tough past few weeks for the Bitcoin market. Some are skeptical that the cryptocurrency is in a bull trend after BTC has sustained multiple rejections at $10,000.
Yet a trader that n... Read More
03/07/20 23:00 by Cole Petersen
Here’s Why Ethereum’s Consolidation Could Result in an Explosive Move to $480
Ethereum has been consolidating over the past few days within the $220 region.
Although on the surface its price structure seems similar to that of Bitcoin and its peers, it is important to note that ... Read More
03/07/20 03:00 by Nick Chong
If the S&P 500 Passes 3,200, Then Bitcoin Can Retake $9,500: Analyst
If you’ve followed Bitcoin analysts over recent weeks, you likely know of the importance of $9,500 to the cryptocurrency.
As the chart below indicates, $9,500 has been a crucial price point for ... Read More
03/07/20 01:00 by Cole Petersen
History Shows That Bitcoin’s Consolidation Phase is Likely to Result in Fireworks
Bitcoin has been caught within a tight trading range between $9,000 and $10,000 for two months now. This trading range is still showing few signs of degrading as buyers continue guarding against a dip... Read More
02/07/20 19:23 by Cole Petersen
Bitcoin Breaks Below $9,000 as Sellers Invalidate Bullish Technical Pattern
Despite seeing a swift rebound, Bitcoin bears were able to push the cryptocurrency below its crucial $9,000 support just minutes ago.
This breakdown has come about following a recent rejection posted ... Read More
02/07/20 12:24 by Nick Chong
This Eerie Nasdaq Fractal Predicts Bitcoin Will Rocket to $15,000 in 2020
In May and June, Bitcoin sustained multiple consecutive rejections at $10,000.
Every time the cryptocurrency surpassed that level, the rally was quickly stopped by sellers. The chart below from Blockr... Read More
02/07/20 05:19 by Nick Chong
“Perfect Storm” of Technicals Indicates Bitcoin May Plunge After Hitting $9,500
After holding the low-$9,000s for days on end, Bitcoin has attempted to break out over recent hours. The cryptocurrency trades at $9,250 as of the time of this article’s writing, having establis... Read More
01/07/20 22:00 by Tony Spilotro
XRP Tanks Compared To Crypto Counterparts Bitcoin And Ethereum, But Why?
XRP spent the last several years as the worst performer in the cryptocurrency market. And even though the altcoin has been beaten and battered, it has recently sunk even lower compared to Bitcoin and ... Read More
01/07/20 18:00 by Cole Petersen
Bitcoin Flirts with Posting a Bull Cross as Crucial Resistance Nears
Bitcoin’s recent price action has done little to offer investors with insight into the cryptocurrency’s current trend, as it has been stuck between $9,000 and $10,000 for an extended period.
There... Read More
01/07/20 01:00 by Cole Petersen
Why This Major Crypto Could Soon Crater to Early-2017 Lows
Litecoin is one of many crypto tokens that has been struggling to garner any upwards momentum in recent times.
LTC has formed an incredibly close correlation to Bitcoin as of late, which has caused it... Read More
30/06/20 23:00 by Cole Petersen
Crucial Factors to Consider Before Bitcoin Closes Its Monthly Candle
June has been a rather uninteresting month for Bitcoin. The cryptocurrency largely ranged between $9,000 and $10,000, with each break above or below this range being fleeting.
One interesting trend se... Read More
30/06/20 12:00 by Nick Chong
Despite Brutal Rejection at $10.5k, Bitcoin Uptrend Has “Strength”: Analyst
At the start of June, Bitcoin suddenly surged towards and past $10,000. The cryptocurrency rallied so far and so fast that $123 million worth of short positions on BitMEX were liquidated within an hou... Read More
30/06/20 02:00 by Nick Chong
A “Huge” Bitcoin Move Is Imminent as Price Stalls in the Low-$9,000s
While Bitcoin has seen its fair share of short-term volatility, on a macro scale the cryptocurrency is still consolidating.
The below chart from Blockroots founder Josh Rager, a crypto trader, display... Read More
29/06/20 03:00 by Cole Petersen
Here’s Why Ethereum Could Start Nosediving to $170 This Week
Ethereum’s weakness as of late has primarily been rooted in that seen by Bitcoin.
From a fundamental perspective, the cryptocurrency is arguably at one of its strongest points ever, with daily trans... Read More
29/06/20 00:00 by Nick Chong
The Signal That Marked Bitcoin’s 2019 and 2020 Highs Has Yet to Flash
There are many analysts saying that Bitcoin looks like it’s at a medium-term high.
As reported by NewsBTC previously, a trader said that the cryptocurrency is trading in a textbook “distri... Read More
28/06/20 00:00 by Nick Chong
It May Take Bitcoin Until Q4 2020 to Break Into a Bull Market: Analyst
There have been many optimistic Bitcoin traders that have been expecting an imminent break into a bull market. Yet an analyst has said that it may be until the end of 2020 that the cryptocurrency mark... Read More
27/06/20 22:16 by Nick Chong
$20 Million in BitMEX Longs Wiped as Bitcoin Crashes Below $9,000
After weeks of consolidation, Bitcoin decisively broke below $9,000 just minutes ago. The cryptocurrency dipped as low as $8,840 on leading spot exchanges and slightly lower on margin-enabled exchange... Read More
27/06/20 22:00 by Cole Petersen
Bitcoin is Setting Up to See a Sharp Downside Break; Levels to Watch
Bitcoin has continued to extend its multi-month bout of sideways trading as it hovers within the lower-$9,000 region.
It does appear to be growing increasingly weak in recent times, as it has frequent... Read More
27/06/20 21:47 by Cole Petersen
Bitcoin Plunges Below Crucial $9,000 Support; What Analysts Think Comes Next
After a long period of trading within a firm range between $9,000 and $10,000, Bitcoin is finally beginning to show some signs of breaking down.
This weakness has come about due to the cryptocurrency ... Read More
27/06/20 19:00 by Cole Petersen
Bitcoin Price Forms Striking Correlation to Gold; What This Means for BTC
Bitcoin’s price action has been lackluster in recent times, and many attribute this to the cryptocurrency’s incredibly tight correlation to the stock market.
It appears that the cryptocurrency’s... Read More
27/06/20 10:15 by Nick Chong
Bitcoin Last Flashed This Signal After the Crash to $3,700. It’s Almost Back
Bitcoin has acted weak over the past few days, falling as low as $8,950 as touching $9,800 on Monday. Yet there are technical signals suggesting that a bull trend is soon to appear.
One signal that wa... Read More
26/06/20 19:30 by Cole Petersen
History Shows Bitcoin Could Reel To $5,000 Before Next Bull Run Starts
Bitcoin’s long-held bout of sideways trading may soon be coming to an end, as the cryptocurrency is currently flashing signs of overt weakness as it hovers around the lower boundary of its long-held... Read More
26/06/20 18:03 by Cole Petersen
Ethereum Just Shattered a Crucial Resistance; Is the Bull Run Beginning?
Ethereum’s price has been teetering just above its crucial support that exists at the lower boundary of its long-established trading range.
This does appear to be an overt sign of technical weakness... Read More
25/06/20 15:00 by Yashu Gola
A Chilling Bitcoin “Death Cross” Reappears With a Gloomy Stocks Correction
Bitcoin has formed a “Death Cross” pattern on its daily chart as price slips ahead of the New York opening bell.
The cryptocurrency’s 50-day simple moving average today closed above... Read More
25/06/20 01:00 by Cole Petersen
Analyst: Bitcoin’s Sideways Trading to End in Explosive Downside Movement
Bitcoin has seen some intense weakness today after trading within the upper-$9,000 region yesterday.
Its latest rally higher led it all the way up to highs of $9,800, which is the level at which it fo... Read More
23/06/20 13:00 by Yashu Gola
Bitcoin “Death Cross” Pattern that Last Crashed Price By 55% Appears Again
Bitcoin has come closer to forming a dreaded Wall Street chart pattern: the Death Cross.
The bearish technical indicator materializes when an asset’s long-term moving average crosses above its ... Read More