sees

Litecoin is Flashing a Bearish Breakdown Pattern as Analysts Eye Downside

Source Node: https://bitcoinist.com/litecoin-is-flashing-a-bearish-breakdown-pattern-as-analysts-eye-downside/?utm_source=rss&utm_medium=rss&utm_campaign=litecoin-is-flashing-a-bearish-breakdown-pattern-as-analysts-eye-downside
Time Stamp: August 18, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Litecoin has been flashing mixed price action in recent weeks, with its slow uptrend showing some signs of faltering Its momentum began stalling yesterday when it reached for highs of nearly $70 This seems to shine a light on some underlying weakness, potentially also signaling that further downside is imminent Analysts are noting that this weakness may lead it significantly lower in the near-term One trader is pointing to a breakdown pattern that LTC has formed against its BTC trading pair as another reason why downside is imminent Despite climbing

Bitcoin and Gold Short-Lived Correlation Not a Sign of Comparability

Source Node: https://cointelegraph.com/news/bitcoin-and-gold-short-lived-correlation-not-a-sign-of-comparability
Time Stamp: August 18, 2020 10:30 AM - Modified On: May 21, 2021 - Published By:
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The Bitcoin (BTC) and gold one-month correlation reached a record high of 68% as Bitcoin hit $12,000 early in August, but the correlation crashed by 20% the following week. Despite this, Bitcoin looks set to become digital gold in 2020 considering the price correlations and trends in the futures market.Both gold and Bitcoin are having a phenomenal year in terms of year-to-date returns. According to Skew Analytics, gold has a 27.93% YTD return, while Bitcoin has racked up a 71.68% YTD yield. Although Bitcoin sees much higher volatility than gold,

Altcoins Set to Underperform? Bitcoin Dominance Prints Reversal Signal

Source Node: https://bitcoinist.com/altcoins-underperform-bitcoin-dominance-reversal-signal/?utm_source=rss&utm_medium=rss&utm_campaign=altcoins-underperform-bitcoin-dominance-reversal-signal
Time Stamp: August 17, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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While Bitcoin has performed well in recent weeks, some altcoins have done even better. Take the example of Chainlink (LINK), which has almost doubled in the past month. With many altcoins outpacing BTC, the Bitcoin dominance metric has plunged. Bitcoin dominance is the percentage of the crypto market made up of BTC. Despite the drop, an indicator predicts a bearish reversal for altcoins. Bitcoin continuing to undergo volatility could further suppress the bullish altcoin narrative. Analysts are currently expecting more BTC volatility in the days ahead, citing indicators like the

Will Ethereum’s Strong Weekly Close Be Enough to Propel It Higher?

Source Node: https://bitcoinist.com/will-ethereums-strong-weekly-close-be-enough-to-propel-it-higher/?utm_source=rss&utm_medium=rss&utm_campaign=will-ethereums-strong-weekly-close-be-enough-to-propel-it-higher
Time Stamp: August 17, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been hovering between $420 and $430 for the past few days, with the resistance found around $450 sparking a prolonged consolidation phase The cryptocurrency has been unable to extend its recent upwards momentum after facing a rejection at this level This has pointed to some underlying short-term weakness, although its long-term outlook remains incredibly bright Analysts are now noting that the token may be well-positioned to see significantly further upside after it sees a low-time-frame dip This potential strength comes after it closed its daily and weekly candle

A Massive Bitcoin Price Move Is Likely Imminent… Again: Here’s Why

Source Node: https://bitcoinist.com/massive-bitcoin-price-move-imminent-again/?utm_source=rss&utm_medium=rss&utm_campaign=massive-bitcoin-price-move-imminent-again
Time Stamp: August 16, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has consolidated between $11,000-12,000 over recent weeks. While the consolidation has only lasted for just over two weeks, prices are tightening again. By indicators like the width of the Bollinger Bands, volatility is reaching notable lows yet again. This signals to analysts that a massive Bitcoin price move is likely imminent. Fortunately for bulls, there are many analysts expecting upside due to both technical and fundamental trends. How high Bitcoin rallies in this potential breakout, though, is not yet clear. Bitcoin Could Soon See a Massive Move: Volatility Indicators

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

Former Prudential Securities Chief Executive Ball Bats for Bitcoin

Source Node: https://cointelegraph.com/news/former-prudential-securities-chief-executive-ball-bats-for-bitcoin
Time Stamp: August 15, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Former Prudential Securities chief executive and current chairman of Sanders Morris Harris George Ball sees Bitcoin as a safe haven for those looking for different investments. In an interview with Reuters on August 14, Ball admitted he was previously a “Bitcoin opponent” but, with the government participating in the financial markets, he’s seen the value of Bitcoin and other cryptocurrencies. “I’ve never said it before, but I’ve always been a blockchain and Bitcoin opponent but if you look now, the government can’t stimulate the markets forever. The liquidity flood will end and

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

Analyst: Bitcoin Likely to Tap $10,000 Unless Bulls Spark Strong Movement

Source Node: https://bitcoinist.com/analyst-bitcoin-likely-to-tap-10000-unless-bulls-spark-strong-movement/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-bitcoin-likely-to-tap-10000-unless-bulls-spark-strong-movement
Time Stamp: August 13, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has been oscillating between the lower and mid-$11,000 region throughout the past few days This rocky price action comes close on the heels of the harsh rejection at $12,000 that it posted this past weekend The cryptocurrency will likely continue struggling to garner any momentum as long as hovers below the upper-$11,000 region, which is where it faces some resistance Analysts do believe that some near-term downside could be imminent in the days and weeks ahead One trader is setting his sights on a move towards $10,000 Bitcoin and

A Top Gold Bull Thinks an Exponential Bitcoin Price Expansion Is Imminent

Source Node: https://bitcoinist.com/top-gold-bull-exponential-bitcoin-price-expansion-imminent/?utm_source=rss&utm_medium=rss&utm_campaign=top-gold-bull-exponential-bitcoin-price-expansion-imminent
Time Stamp: August 12, 2020 6:00 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin has stalled after failing to hold above $12,000 for the second time in two weeks. The cryptocurrency trades at $11,450 as of this article’s writing, below the ever-important $11,500 level. Despite this weakness in the price of BTC, analysts remain long-term bullish on this nascent market. Joining his contemporary Raoul Pal, macro investor and gold bull Dan Tapiero says Bitcoin could soon go exponential. In a tweet published on August 10th, the BTC bull mentioned that the asset could literally 5-10x in the years ahead. This is a sentiment

A Crypto Trader Thinks Ethereum Could Plunge Towards $300 as Momentum Slows

Source Node: https://bitcoinist.com/ethereum-could-plunge-towards-300/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-could-plunge-towards-300
Time Stamp: August 11, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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After Bitcoin and Ethereum attempted to surge past $12,000 and $400, respectively, the momentum has tapered off. Over the past day, the leading cryptocurrencies have plunged lower despite a weakening U.S. dollar. As of the time of this article’s writing, ETH is down 2.85% in the past 24 hours and now trades for $385. Analysts say that Ethereum is primed to move towards $300 as last week’s highs hold as resistance. The bearish sentiment can be corroborated by the trajectory of gold, which has flipped negative after a strong rally

Bitcoin May Start a New Consolidation Trend After Facing Another $12k Rejection

Source Node: https://bitcoinist.com/bitcoin-may-start-a-new-consolidation-trend-after-facing-another-12k-rejection/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-may-start-a-new-consolidation-trend-after-facing-another-12k-rejection
Time Stamp: August 10, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is currently consolidating beneath $12,000 after facing a slight rejection at this level overnight The cryptocurrency has been struggling to break above this resistance for over a week One analyst is now noting that the resistance here may hold strong for the days to come, with BTC now kicking off a new consolidation phase Once the benchmark digital asset can break above this level, analysts are noting that a move to $13,000 will likely take place rapidly Bitcoin is currently facing some lackluster price action as it trades just