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What Are Analysts Saying After Ethereum Crashed 26% in Under Ten Minutes?

Source Node: https://bitcoinist.com/what-are-analysts-saying-ethereum-dove-26/?utm_source=rss&utm_medium=rss&utm_campaign=what-are-analysts-saying-ethereum-dove-26
Time Stamp: August 2, 2020 2:04 AM - Modified On: May 21, 2021 - Published By:
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After a nearly unstoppable rally, Bitcoin and Ethereum faced an extreme correction just an hour ago. After moving above $12,000 for the first time in a year, BTC slipped by about $1,500 in five minutes while Ethereum crashed upwards of 26%, per some reports. Chart of ETH's recent price action from TradingView.com This extreme move — which was arguably one of the fastest drops in the history of this market — sent ripples throughout the market. According to one trader, $1 billion worth of Bitcoin and Ethereum futures positions were

Ethereum is Gearing Up for a Move Past $400; Here’s What Will Drive It Higher

Source Node: https://www.newsbtc.com/2020/08/01/ethereum-is-gearing-up-for-move-to-400/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-is-gearing-up-for-move-to-400
Time Stamp: August 1, 2020 6:50 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has seen some intense strength throughout the past couple of weeks, and the strong uptrend it is currently caught within isn’t showing any clear signs of coming to an end anytime soon. As it pushes up against its high time frame resistance, analysts are widely noting that it could be well-positioned to see further upside in the near-term due to its strong market structure. One analyst in particular is noting that the cryptocurrency is now poised to reach $400 due to its break above multiple key resistance levels. As

Ethereum Rockets to $380 to Post 10% One-Day Surge: What’s Next For ETH?

Source Node: https://www.newsbtc.com/2020/08/01/ethereum-rockets-380-whats-next/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-rockets-380-whats-next
Time Stamp: August 1, 2020 3:39 PM - Modified On: May 21, 2021 - Published By:
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What a past few weeks it’s been for Ethereum. The second-largest cryptocurrency is up approximately 50% in the past 10 days alone, with bulls finally flooding to purchase ETH after a strong macro bear market. The asset trades at $382 as of this article’s writing, going effectively parabolic on a macro scale. In the past 24 hours alone, Ethereum has gained 10% against the U.S. dollar, outperforming Bitcoin, which is up by only 4%. Chart of ETH's price action over the past two weeks from TradingView.com A $2.5 Million Liquidation

Dramatic $17,000 Bitcoin Peak Possible Within Weeks Based on Halving Fracal

Source Node: https://www.newsbtc.com/2020/08/01/bitcoin-peak-possible-fractal/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-peak-possible-fractal
Time Stamp: August 1, 2020 3:00 PM - Modified On: May 21, 2021 - Published By:
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If a fractal plays out on Bitcoin price charts matching the previous halving post-consolidation breakout, the cryptocurrency could keep on climbing from here. The target, if the rally takes a similar path, would put valuations of the top cryptocurrency at between $15,000 to $17,000 before peaking. Bitcoin Breaks Out: What Happens Next Will Be Fast and Furious Bitcoin price exploded early last week on the heels of gold setting a new record and the government committing to another $1 trillion in stimulus spending. Inflating money supply has prompted a flight

Why Bitcoin’s 3-Day Candle Close Could Lead to a “Parabolic Advance”

Source Node: https://www.newsbtc.com/2020/08/01/bitcoin-could-see-a-parabolic-advance/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-could-see-a-parabolic-advance
Time Stamp: August 1, 2020 2:30 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is currently expressing intense signs of strength as its price pushes up towards the $12,000 region. Although it has yet to breach this key level successfully, its strong overnight upswing does seem to indicate that a move higher is imminent in the near-term. This strength is likely rooted in the bullish monthly close that the benchmark cryptocurrency was able to post yesterday. This was the first time in three years that Bitcoin was able to close its monthly candle above $10,700. Many analysts are now noting that this may

Blockchair In Blockchain World | Let Us Explore The Explorer In 2020

Source Node: https://www.cryptoknowmics.com/news/blockchair-in-blockchain-world-let-us-explore-the-explorer-in-2020
Time Stamp: August 1, 2020 6:20 AM - Modified On: May 21, 2021 - Published By:
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Table of Contents Rate this post Blockchain technology has the whole new world to explore whether in term of applications, tools, features, compatibility with other technologies and many more. In earlier days, when Bitcoin was launched in 2009, it was considered that Blockchain is meant for the financial system only. But, as the potential of technology was analysed by the various communities, they concluded that Blockchain is meant for exploration. In this article, we will limit our nerves to explore to cryptocurrency. In the crypto marketplace, investors generally keep track

Bitcoin Just Broke Past $11,500—and That’s Huge For Bulls

Source Node: https://www.newsbtc.com/2020/08/01/432966/?utm_source=rss&utm_medium=rss&utm_campaign=432966
Time Stamp: August 1, 2020 3:02 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin is ripping higher once again. In the past few hours, the leading cryptocurrency has begun to test the year-to-date highs at $11,500. And just minutes ago, BTC reached a local high of $11,700 after an influx of buying pressure. It is unclear if this rally is sustainable yet: Bitcoin has yet to close above $11,500 on any longer-term time frames like the 4-hour, 12-hour, or one-day charts. Chart of BTC's price action over the past 10 days from TradingView.com Analysts say that Bitcoin breaking past $11,500 increases the potential

Crypto Tidbits: Bitcoin Explodes Past $11k, Ethereum 2.0 Nears, Cardano’s Shelley Launches

Source Node: https://www.newsbtc.com/2020/08/01/crypto-tidbits-bitcoin-11k-ethereum-2-cardano-shelley/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-tidbits-bitcoin-11k-ethereum-2-cardano-shelley
Time Stamp: August 1, 2020 12:00 AM - Modified On: May 21, 2021 - Published By:
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Another week, another round of Crypto Tidbits. It’s been an explosive week for the Bitcoin and crypto market, to say the very least. Bitcoin surged from under $10,000 to as high as $11,500 this week. Over the past seven days, the asset has gained approximately 20% — the best weekly performance in many months. Chart of BTC's price action over the past two weeks from TradingView.com Bitcoin’s recent price action comes as a breath of fresh air for crypto traders, which had to deal with BTC flatlining in the $9,000s for