Sellers

Bitcoin ‘Whale Clusters’ Show $14K as Pivotal for BTC Price Bull Run

Source Node: https://cointelegraph.com/news/bitcoin-whale-clusters-show-14k-as-pivotal-for-btc-price-bull-run
Time Stamp: August 16, 2020 8:35 AM - Modified On: May 21, 2021 - Published By:
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David Puell, an on-chain analyst, laid out several key data points on Aug. 16 based on the past 4-year cycle of Bitcoin (BTC). Data show that the $14,000 level is a crucial price point for Bitcoin due to whale clusters.According to Puell, whale clusters show many large buyers bought in the $9,000 to $12,000 range. Whales that bought at $9,000 are seeing relatively high profits, and those that bought the top are at a breakeven point.The clusters could result in a volatile price action where buyers and sellers aggressively try

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

Bitcoin Prone to Seeing Downside as It Trades Below Key Level

Source Node: https://bitcoinist.com/bitcoin-prone-to-seeing-downside-as-it-trades-below-key-level/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-prone-to-seeing-downside-as-it-trades-below-key-level
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,

Institutional FOMO? CME Bitcoin Futures Open Interest Soars to $841M

Source Node: https://cointelegraph.com/news/institutional-fomo-cme-bitcoin-futures-open-interest-soars-to-841m
Time Stamp: August 11, 2020 8:15 PM - Modified On: May 21, 2021 - Published By:
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Today the open interest on Chicago Mercantile Exchange Bitcoin (BTC) futures reached a new all-time high at $841 million. Although this can't be deemed bullish on a standalone basis, it does signal that professional investors' interest in Bitcoin continues to grow at an immense rate. Further proof of this comes as MicroStrategy, a Nasdaq-listed company worth more than $1.2 billion, announced the acquisition of 21,000 Bitcoin for $250M. This shows that regardless of what critics have said about cryptocurrencies, savvy investors and entrepreneurs have recently built sizable positions in Bitcoin and some altcoins.CME

Here’s Why One Analyst Expects Ethereum to Tap $275 Before Pushing Any Higher

Source Node: https://bitcoinist.com/heres-why-one-analyst-expects-ethereum-to-tap-275-before-pushing-any-higher/?utm_source=rss&utm_medium=rss&utm_campaign=heres-why-one-analyst-expects-ethereum-to-tap-275-before-pushing-any-higher
Time Stamp: August 6, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been struggling to break above $400 for the past several days The selling pressure here is quite significant, and a sustained break above this level would be a highly bullish technical development Because ETH has been consolidating just below it throughout the past few days, bulls may be gearing up for a major push higher Despite being technically strong, one analyst is still expecting the cryptocurrency to see another “scam wick” that leads it into the upper-$200 region He believes this will be necessary for trapping more shorts

InstaDapp Guide: Bridge to All DeFi Platforms

Source Node: https://www.asiacryptotoday.com/instadapp-guide-bridge-to-all-defi-platforms/
Time Stamp: August 5, 2020 11:21 PM - Modified On: May 21, 2021 - Published By:
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One of the drawbacks of decentralized finance (DeFi) protocols today is that you need different platforms to perform specific functions instead of having them all in one place. And that’s the problem that Instadapp is trying to solve. Instadapp is a DeFi platform that provides users and developers with a single point of integration to access all the DeFi protocols. As we are in the early days of the decentralized web, Instadapp aims to be a window into multiple DeFi services — tools that make transactions of crypto assets easier.

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

Bitcoin Price Prediction: BTC/USD Reaches the Expected Target at $11.5k as Buyers Take Bold Steps to $12k Mark

Source Node: https://insidebitcoins.com/news/bitcoin-price-prediction-btc-usd-reaches-the-expected-target-at-11-5k-as-buyers-take-bold-steps-to-12k-mark
Time Stamp: August 1, 2020 2:14 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) Price Prediction – August 1, 2020Today, BTC/USD is now trading above $11,400 after days of battle against the resistance at $11,200. The king coin is close to its next target price of $11,500. This is a positive sign as buyers continue to exercise dominance over sellers. Resistance Levels: $10,000, $11, 000, $12,000Support Levels: $7,000, $6,000, $5,000 BTC/USD – Daily Chart Since July 27, the bulls have been having a running battle to push BTC above the $11,200 resistance. Buyers have retested the resistance on four different occasions without