Technical Analysis

Bitcoin (BTC) Rebounds, Aims to Reclaim $51,000

Bitcoin (BTC) continues its uptrend and reclaimed its 200-day moving average (MA) yesterday. If the trend continues, it could lead to the long-term resistance area at $51,000.Sponsored Sponsored Looking further out, a Wyckoff distribution pattern is possible, which would take BTC to the support area at $37,300. Bitcoin rebounds After printing a gravestone doji candlestick on Aug 18, BTC rose almost 5% to close at $46,765. On Aug 20, BTC continued on its upward trajectory and is attempting to break through the previous peak at $48,150 from Aug 14. Yesterday’s

Chainlink (LINK) Continues Rally After Reclaiming Long-Term Support

In the previous weeks, Chainlink (LINK) reversed its downtrend and reclaimed the long-term support area near $24.10. If the altcoin maintains its strong momentum, it could see a strong upward move in the second half of August.Sponsored Sponsored LINK long-term movement Chainlink recorded the all-time high at $53 on May 10, 2021. Almost on the same day, a deeper correction in the crypto market began. LINK in a two-week period lost 72% of its value, measured to a low of $15 on May 23. It later tested this support area

BTC, ETH, XRP, ZEC, SNX, AAVE, BTT — Technical Analysis Aug 5

Bitcoin (BTC) has created a bullish engulfing candlestick and is making an attempt at reclaiming the $40,550 range high.Sponsored Sponsored Ethereum (ETH) has broken out from an ascending parallel channel and is attempting to move above the $2,860 resistance area. XRP (XRP) has been rejected by the resistance line of an ascending parallel channel.Sponsored Sponsored Zcash (ZEC) has broken out from a descending resistance line. Synthetix (SNX) is in the process of breaking out from the $10.30 horizontal resistance area. Aave (AAVE) has reclaimed the $310 horizontal resistance area.  BitTorrent

EOS Price Prediction 2021, 2025, 2030

What is EOS? EOS is one of the best-known cryptocurrencies today that allows building decentralized apps (DApps) in a simple and scalable way. EOS cryptocurrency was developed by a company called Block.one. Founded by software programmer Daniel Larimer and entrepreneur Brendan Blumer, who still hold the roles of CTO and CEO, the company began to work on the project in 2017. In June of 2018, the EOS officially went live after a year-long Initial Coin Offering (ICO). The ICO raised more than $4 billion, despite the prohibition to participate from

Lukka Co-CEO Explains How Blockchain Data Saves on Taxes

On July 30th, over thirty of crypto’s top minds gathered for the largest single-day livestream trading event of its kind. Nine star-studded panels included mainstream trading expert Jon Najarian, macro investors Mike Novogratz and Raoul Pal, and technical analysis specialists Erik Crown and Tone Vays, among many others. Head over to the Cointelegraph YouTube channel now to watch the full recording of Cointelegraph Crypto Traders Live!The Cointelegraph Crypto Traders Live event was made possible by data company Lukka. Lukka focuses on processing blockchain and tokenized asset data to support normal

Analysts Are Expecting Chainlink (LINK) to Pull Back After Parabolic Advance

Chainlink (LINK) has been embroiled in a parabolic rally in recent weeks. The asset has gained hundreds of percent since the March capitulation lows. Chainlink could undergo a correction as technical signals suggest that the asset is overbought. There are also on-chain signals that show LINK investors are hesitant to believe the rally will continue. What may boost the asset’s bull case, though, is an increasing number of short position holders. This increases the likelihood of a “short squeeze” that will transpire, pushing prices higher once again. Chainlink Could See

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

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

Bitcoin Price Prediction: BTC/USD Moves In an Uptrend but Can the Bulls Clear $7,500?

Bitcoin (BTC) Price Prediction – April 8Bitcoin (BTC) has effortlessly zoomed above $7,300 but the upside is limited. Sustained movement below $7,000 will worsen short-term outlook.BTC/USD Long-term Trend: Bullish (Daily Chart)Key levels:Resistance Levels: $8,200, $8,400, $8,600Support Levels: $6,400, $6,200, $6,000BTCUSD – Daily ChartBTC/USD has once again made an impressive move to the upside during the early trading session of today but the coin is currently trading below $7,400 after touching the key resistance at $7,431.36. The bulls are now expecting the price to rally higher but in order for things

Bitcoin Price Prediction: After Briefly Touching the $7,441, BTC/USD Bulls May Re-gather

Bitcoin (BTC) Price Prediction – April 8BTC/USD price is trading nicely above the $7,250 and the coin must climb above the $7,400 resistance to continue higher.BTC/USD Long-term Trend: Bullish (Daily Chart)Key levels:Resistance Levels: $8,400, $8,600, $8,800Support Levels: $6,100, $5,900, $5,700BTCUSD – Daily ChartBTC/USD bulls may slowly come back into action after a minor battering from the bears yesterday. If this happens, then the expectation of recovery could turn out to be true. Today, BTC/USD was seen trading at $7,166 after soaring to $7,441.47. The coin then pulled back to where