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Bitcoin is Facing “Serious” Bearish Divergences as Analysts Eye Downside

Source Node: https://bitcoinist.com/bitcoin-is-facing-serious-bearish-divergences-as-analysts-eye-downside/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-is-facing-serious-bearish-divergences-as-analysts-eye-downside
Time Stamp: August 7, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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The strong momentum Bitcoin has incurred in recent weeks is now showing some signs of stalling as it struggles to break above $12,000 This signals that the resistance at this level may be insurmountable, and may also be a sign of weakness amongst bulls Analysts are now noting that it has led to a surge in bearish divergences that seem to suggest a retrace is imminent BTC now has multiple key support levels throughout the mid-$11,000 region, but its macro support that bulls must defend it at $10,500 Bitcoin has

BAT, Stellar Lumens, VeChain Price Analysis: 07 August

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Time Stamp: August 7, 2020 6:15 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin’s latest attempt to climb on the charts has been met by some degree of success, with the world’s largest cryptocurrency, after a long time, managing to hold a level above the psychological resistance of $10,000. At press time, Bitcoin was being traded at $11,736 with a trading volume of $8.3 billion.Source: CoinStatsSuch success was underlined by the fact that while BTC failed in its attempt to sustain a breach of $12,000, it didn’t fall below $11,000, implying that Bitcoin is again building up strength before its next effort. The

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

Bitcoin is Pushing Against a Crucial Level as Chances of an Explosive Rally Grow

Source Node: https://bitcoinist.com/bitcoin-is-pushing-against-a-crucial-level-as-chances-of-an-explosive-rally-grow/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-is-pushing-against-a-crucial-level-as-chances-of-an-explosive-rally-grow
Time Stamp: August 6, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin and the entire crypto market saw a strong afternoon yesterday. This allowed BTC to push up towards $11,800 The cryptocurrency is now caught within what will likely be a short-term consolidation phase at just under $12,000 Whether or not it can surmount this crucial resistance today will help offer insights into its short-term outlook One analyst explained in a recent tweet that yesterday’s daily close does seem to indicate that a break above this level is imminent The recent uptrend has also allowed Bitcoin to break out of a

These Factors Suggest Bitcoin Could Hit $13,900 if Bulls Defend One Key Level

Source Node: https://bitcoinist.com/these-factors-suggest-bitcoin-could-hit-13000-if-bulls-defend-one-key-level/?utm_source=rss&utm_medium=rss&utm_campaign=these-factors-suggest-bitcoin-could-hit-13000-if-bulls-defend-one-key-level
Time Stamp: August 5, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin’s consolidation phase within the lower-$11,000 region has resulted in a powerful push up towards $12,000 Although the crypto has yet to re-test this level, it does seem as though a movement to this level could be imminent in the near-term Multiple analysts are now offering bullish outlooks on BTC in the near-term One such trader is noting that a move up towards $13,000 could be brewing in the days and weeks ahead There are a plethora of different technical factors that could help this rally come to fruition Bitcoin

Why One Trader Thinks Bitcoin Will See a $1,000+ Plunge Despite Ongoing Upswing

Source Node: https://bitcoinist.com/why-one-trader-thinks-bitcoin-will-see-a-1000-plunge-despite-ongoing-upswing/?utm_source=rss&utm_medium=rss&utm_campaign=why-one-trader-thinks-bitcoin-will-see-a-1000-plunge-despite-ongoing-upswing
Time Stamp: August 5, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is currently showing intense signs of technical strength as it races towards $12,000 once again despite the recent rejection at this level The cryptocurrency is now well-positioned to see further upside but remains within a short-term consolidation phase until it shatters this level This uptrend may be bolstered by its break above a previously formed trading range within the lower-$11,000 region One analyst still believes that Bitcoin is at risk of seeing a large near-term selloff that sends it back into the $10,000 region Bitcoin and the entire crypto

Here’s Why Traders are Growing Cautious About Ethereum’s Uptrend

Source Node: https://bitcoinist.com/heres-why-traders-are-growing-cautious-about-ethereums-uptrend/?utm_source=rss&utm_medium=rss&utm_campaign=heres-why-traders-are-growing-cautious-about-ethereums-uptrend
Time Stamp: August 4, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has witnessed some incredibly mixed price action throughout the past few weeks After rallying up to highs of $415, it has been struggling to recapture this momentum as it largely trades below $400 Yesterday, ETH bulls pushed it to this key level before facing a massive influx of selling pressure that forced it lower It is now trading around its daily lows as bulls struggle to gain further momentum This has led one analyst to note that further downside could be imminent in the near-term Ethereum has seen some

Analyst: Closing Above This Crucial Level Could Catapult Bitcoin to New Highs

Source Node: https://bitcoinist.com/analyst-closing-above-this-crucial-level-could-catapult-bitcoin-to-new-highs/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-closing-above-this-crucial-level-could-catapult-bitcoin-to-new-highs
Time Stamp: August 4, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin appears to have entered a clear consolidation phase as it trades within the lower-$11,000 region Overnight the crypto faced a slight rejection after buyers tried to push it up towards its near-term resistance Buyers were not able to surmount the heavy selling pressure that existed within this region, and the crypto fell back to its support at $11,000 Analysts are now noting that BTC could be just a stone’s throw away from seeing an explosive rally higher There is one crucial level it needs to close above for this

Bitcoin Holds Above Crucial “Ichimoku Cloud” as Analysts Remain Optimistic

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Time Stamp: August 3, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has entered a consolidation phase within the lower-$11,000 region This comes shortly after bears stepped up and catalyzed a swift rejection at $12,000 this past weekend The cryptocurrency is now flashing some signs of weakness as it hovers above its key support at $11,000 Bulls have been able to hold it above multiple crucial levels throughout the past couple of days This is leading some traders to remain firmly bullish on the benchmark cryptocurrency’s near-term outlook. Bitcoin and the aggregated cryptocurrency market are currently consolidating after bearing witness to

XRP Posts Classic “Bearish Retest” Pattern as Analysts Eye Lower Lows

Source Node: https://bitcoinist.com/xrp-posts-classic-bearish-retest-pattern-as-analysts-eye-lower-lows/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-posts-classic-bearish-retest-pattern-as-analysts-eye-lower-lows
Time Stamp: August 3, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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XRP has been able to post some notable gains throughout the past couple of days Its recent upswing has even come about as Bitcoin and Ethereum both reel lower as a result of their latest rejections Despite being laggard throughout the early phases of this rally, the embattled crypto is now looking strong Analysts are still cautious about its mid-term outlook, however, as this latest upswing could simply mark a “bearish retest” of the upper boundary of a long-held trading range If this is the case, then it may still see

Why Analysts are Bullish on Bitcoin Despite Close Beneath Key $11,700 Level

Source Node: https://bitcoinist.com/why-analysts-are-bullish-on-bitcoin-despite-close-beneath-key-11700-level/?utm_source=rss&utm_medium=rss&utm_campaign=why-analysts-are-bullish-on-bitcoin-despite-close-beneath-key-11700-level
Time Stamp: August 3, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has been flashing some mixed signs to investors as of late Despite seeing intense bullishness throughout the past week as it rallied from the lower-$10,000 region to highs of $12,000, analysts still remain cautious regarding where it may trend next Their present lack of bullishness is rooted in the cryptocurrency’s inability to close its weekly candle above $11,700 This is a historically important level that analysts were closely watching over the past couple of days That being said, it has still maintained above its crucial macro support of $10,600

Weekend Market Action Signals DeFi-Driven Bull Market Has Arrived

Source Node: https://beincrypto.com/weekend-market-action-signals-defi-driven-bull-market-has-arrived/
Time Stamp: August 3, 2020 4:01 AM - Modified On: May 21, 2021 - Published By:
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This weekend’s epic crypto market momentum has been a remnant of the volatile action witnessed in late 2017. Ethereum has been in the driver’s seat, but instead of the ICO-saturated market of yesteryear, DeFi platforms are now dominating the sector in 2020. Cryptocurrency markets have reached their highest levels this year in terms of total market capitalization. Trouncing February’s highs of $300 billion, the total market cap surged to $360 billion this past Sunday. The figure has yet to top the 2019 peak in mid-June when the total cap exceeded