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Bitcoin is Poised to Push Towards $14,000 After Posting Bullish Weekly Close

Source Node: https://bitcoinist.com/bitcoin-is-poised-to-push-towards-14000-after-posting-bullish-weekly-close/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-is-poised-to-push-towards-14000-after-posting-bullish-weekly-close
Time Stamp: August 17, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has continued consolidating within the upper-$11,000 region overnight This extended period of sideways trading has come about despite it facing multiple recent rejections at $12,000 Its inability to break above this level has so far not led it to see any notable near-term downside, with $11,700 becoming a strong level of support This support level was previously a crucial resistance that it was struggling to close above Yesterday marked the first daily – and weekly – close that the cryptocurrency had been able to post above this crucial level

Bitcoin Blasts Back Above $12,000, Sets New High For 2020

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Time Stamp: August 17, 2020 11:04 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin’s price this morning blasted clean above $12,000 for yet another attempt to hold above the key level. The latest move also has set a new high for the year. Will this latest performance from bulls lead to a much stronger push higher to retest $14,000, or after so many weeks of positive momentum, is the trend started to near its end? New 2020 Record High Set For BTCUSD After Monday Morning Mayhem This morning, to start off the week with as Monday morning trading activity started across the US,

The Importance of Developing the Decentralized Finance Space

Source Node: https://cointelegraph.com/news/the-importance-of-developing-the-decentralized-finance-space
Time Stamp: August 16, 2020 7:00 AM - Modified On: May 21, 2021 - Published By:
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The rapid growth of the decentralized finance space, the rise in demand, the improvement of its protocols, and the breadth of offered services and opportunities will provide retail users with the options they are sorely lacking in the existing financial system. And it will enable institutions to move real-world assets onto the blockchain, generating untold cost-savings and improved efficiencies.But it doesn’t have to be a violent revolution. DeFi doesn’t necessarily need to overthrow the incumbent system. I believe that DeFi will complement traditional finance, force it to do better, and,

Bulls Stampede Toward $12K Bitcoin Price as Weekly Close Approaches

Source Node: https://cointelegraph.com/news/bulls-stampede-toward-12k-bitcoin-price-as-weekly-close-approaches
Time Stamp: August 15, 2020 7:32 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin price is making a strong push toward $12,000 with just 24-hours before the weekly close occursDespite multiple rejections at the $12K mark, BTC continues to make higher lows and traders are buying dips at underlying support levelsChainlink reached a new all-time high at $19.80 and Ether is struggling to push above $430Cryptocurrency daily market performance snapshot. Source: Coin360Typically, for Bitcoin (BTC), weekends are marked by reduced trading volume as day traders take a break and the CME Bitcoin markets are closed. Experienced traders will also know that exchange order books

Bull Runs, Mining, and Tor Attacks: Bad Crypto News of the Week

Source Node: https://cointelegraph.com/news/bull-runs-mining-and-tor-attacks-bad-crypto-news-of-the-week
Time Stamp: August 15, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Last week, the Bitcoin news was all about lift-off. This week, it’s all about the leveling off. Bitcoin ends the week around $11,400, a fall of about 2.7 percent over the last seven days. That drop included a correction of $700 in one day so the question now is whether the bullish moment has gone or will Bitcoin push on to $15,000? Its first mission will be to break the resistance at $12,000. Bitcoin failed to do that twice in ten days but consolidated after each failure, which some experts believe

Bitcoin Could See a Major Breakout in The Coming Days; Here’s Why

Source Node: https://bitcoinist.com/bitcoin-could-see-a-major-breakout-in-the-coming-days-heres-why/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-could-see-a-major-breakout-in-the-coming-days-heres-why
Time Stamp: August 14, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has been stuck in a tight trading range throughout the past several days This has offered little insight into the cryptocurrency’s short-term trend, as both its buyers and sellers remain at an impasse As for where it may trend next, analysts now seem to believe that it is coiling up for a major breakout This could lead it well past $12,000 in the coming few weeks There are a few factors that suggest this type of movement is imminent, including Barstool Sports founder Dave Portnoy’s foray into BTC Bitcoin

Ethereum Price Hits 2-Year High as ETH Futures Open Interest Tops $1.5B

Source Node: https://cointelegraph.com/news/ethereum-price-hits-2-year-high-as-eth-futures-open-interest-tops-15b
Time Stamp: August 14, 2020 5:26 PM - Modified On: May 21, 2021 - Published By:
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Today the price of Ethereum’s Ether (ETH) hit a two-year high according to data from crypto trading terminal Crryptowatch. Despite the breakout to $445, open interest on ETH futures remains steady at a new record high of $1.5 billion.ETH-USD 4-hour chart. Source: TradingView.comThe record high open interest on ETH futures hints that traders remain bullish and further gains could be seen over the coming days.In recent months, Ethereum has seen strong momentum due to the explosive growth of the Decentralized Finance sector. The demand for Ether led to a sharp

Here’s How Low Ethereum May Need to Plunge Before it Can Rally Higher

Source Node: https://bitcoinist.com/heres-how-low-ethereum-may-need-to-plunge-before-it-can-rally-higher/?utm_source=rss&utm_medium=rss&utm_campaign=heres-how-low-ethereum-may-need-to-plunge-before-it-can-rally-higher
Time Stamp: August 14, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum saw a massive price spike yesterday that allowed it to shatter its previous resistance at $400 From here, the cryptocurrency rallied nearly 10% higher until it hit the $430 region, which is where it found some short-term resistance Although being incredibly strong at the present moment, analysts are noting that it may first need to see a deep pullback before its price can push any higher This may lead it as low as $360 in the near-term, but analysts are also noting that a bounce here could confirm a

Bitcoin Prone to Seeing Downside as It Trades Below Key Level

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Time Stamp: August 13, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin and the aggregated crypto market are struggling to extend the mid-term uptrend that has driven them higher over the past few weeks This has come about as BTC pushes up against insurmountable resistance at $12,000 – a level that it has been rejected at on multiple occasions Analysts are now noting that it may require a daily close above $11,900 for it to see further upside that sends it past this price level There are some positive signs that BTC is gearing up for a movement towards this level,

Bitcoin Could Retrace to $9,000 if it Breaks Below This One Key Level

Source Node: https://bitcoinist.com/bitcoin-could-retrace-to-9000-if-it-breaks-below-this-one-key-level/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-could-retrace-to-9000-if-it-breaks-below-this-one-key-level
Time Stamp: August 12, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is now hovering within the mid-$11,000 region following the intense bout of selling pressure it witnessed yesterday The decline beneath $11,200 was quickly absorbed by bulls, although BTC remains in a somewhat precarious position One analyst is pointing to massive support just below where the crypto is currently trading as a bullish factor That being said, other traders are cautioning that BTC is getting closer to a key level that could lead the crypto down to $9,000 if it is broken below Bitcoin and the aggregated cryptocurrency market is

Bitcoin Bulls Defend Critical Support; Here’s Where it May Go Next

Source Node: https://bitcoinist.com/bitcoin-bulls-defend-critical-support-heres-where-it-may-go-next/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-bulls-defend-critical-support-heres-where-it-may-go-next
Time Stamp: August 12, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin saw a notable drawdown yesterday that came about after bulls once again failed to break the $12,000 resistance level This led BTC to lows of $11,200 that were ardently guarded by its buyers, and it has since bounced slightly The ongoing bounce likely marks bulls attempt to regain control over the digital asset Analysts are noting that it may be well-positioned to see further upside now that it has confirmed the lower-$11,000 region as heavy support Bitcoin and the aggregated cryptocurrency market has seen some turbulence over the past