Swing failure patterns appeared to be in play on the charts, with much of the altcoin market highly volatile in the hours before press time. While Chainlink touched $15.7 and dived south, Aave’s breakout of a range saw a nasty reversal as well. Finally, DigiByte registered a bearish divergence as well. Chainlink [LINK] Source: LINK/USD...Read More
Three Arrows Capital, a fund management company registered and supervised by the Monetary Authority of Singapore, disclosed a massive BTC position through the Grayscale Bitcoin Trust. The firm owns over 6% of all GBTC shares, meaning a total amount of almost 37,000 bitcoins. According to a document that Three Arrows Capital filed with the US...Read More
Earlier today, Bitcoin’s record-breaking surge to the $34,000-mark made headlines across mainstream media platforms, which attracted long-time Bitcoin critic Peter Schiff to comment on the same. The gold advocate recently took to Twitter and said: It seems like a pretty good indicator of a market top. Image Source: Twitter Schiff has been known to criticize...Read More
For Bitcoin, the days that followed Christmas 2020 have been extraordinary. Since 26 December, Bitcoin has shot up by 40.74% on the price charts. One can argue that the cryptocurrency brushing past the psychological resistance levels at $25k, $30k, and climbing as high as $34.8k is a testament to the strength in Bitcoin’s bull rally....Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Ethereum surged from $715 to $1,169 in a span of three days. However, the $1,168 high was momentary and the price was soon forced to retrace as Ether formed a swing failure pattern. ETH...Read More
Bitcoin Cash and Polkadot were extremely bullish on the charts as they climbed past levels of resistance with ease. Bitcoin Cash surged on the back of Bitcoin and Ethereum’s performances and it looked likely to rise past the $460-level. Polkadot doubled in value over the past week and could climb as high as $11.5 in...Read More
The price of Bitcoin, the world’s largest cryptocurrency, registered a new all-time high of $34,800 on 3 January 2021. However, thanks to the exponential nature of BTC’s hike, corrections were inevitable. On 4 January, as the crypto was consolidating above $32k, it witnessed a sudden dump, with the value of the cryptocurrency plummeting from $33,374...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s market bulls have halted their surge upwards, but the altcoin market is continuing to register a staggering appreciation in value and price. Tezos [XTZ], ranked 20th on CoinMarketCap’s list due to a market...Read More
Stellar Lumens formed a double bottom on the charts and reversed the downtrend it had previously been on as it looked to flip the $0.145-level to support. Algorand and Maker also had a bullish outlook as they broke above crucial levels of resistance. Stellar Lumens [XLM] Source: XLM/USD on TradingView The downtrend for XLM since...Read More
Banca Generali, Italy’s largest insurance group, is to provide bitcoin custody services to its customers beginning next year. This follows a partnership with the Italian Crypto Custody firm Conio. This partnership will allow the bank to acquire a stake of $14 million in the crypto-focused fintech. Financial Institutions that once criticized cryptocurrency are now embracing...Read More
Bitcoin SV shrugged off the shackles of $164 and saw a quick move to $180 at press time, with the crypto likely to see further upside. NEM noted steady selling pressure over the past three weeks and could lose the $0.2-level of support, while Decred was bullish on the price charts and could see a...Read More
Hot on the heels of Bitcoin’s record-breaking bullish rally over the past few weeks, it would seem that Ethereum, the world’s largest altcoin, is intent on breaking a few records of its own. On the back of a year that noted mixed fortunes for the altcoin’s community, ETH finally surged above the much-anticipated $1000-mark, a...Read More
Tron saw the tides shift in favor of the bulls as it rose above a level of resistance and sought to flip it to support. VeChain continued to post gains but the beginnings of a bearish divergence between price and momentum were witnessed. Cosmos formed a V-top pattern and recent bearish pressure could cause the...Read More
XRP saw a bounce to $0.24 but slid back downward, while Monero would seek to not lose the $130 and $140 levels to the bears. Dogecoin was wildly bullish on the charts as it shot past $0.01 to reach $0.0139. XRP Source: XRP/USD on TradingView XRP saw a dead cat bounce off the $0.17 level...Read More
Bitcoin cash, the fork of a fork has held up on its own for most of 2020. With the start of a new year, BCH seems to be doing the same. It is continuing its multi-year trend and playing it safe. This article takes a look at Bitcoin Cash in both short and long-term time...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice The Bitcoin SV market has been highly correlated with the Bitcoin market and the current price has been moving in accordance with Bitcoin. Although the market did not mirror the exact rally in the...Read More
Binance Coin was bullish in the market as it sought to rise past the $40 mark, a feat it could achieve in the coming days. Bearish news for Dash saw the price plunge, while Ethereum Classic rose toward a region of supply. Binance Coin [BNB] Source: BNB/USDT on TradingView Binance Coin saw some sideways trading...Read More
Disclaimer: This is not investment advice. Do your research before investing any money into crypto. This article answers the most important retail question, “Should I invest in bitcoin now?” With bitcoin going only up, it might be difficult for new investors waiting for a pullback to invest. While waiting for a pullback to invest sounds...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice The rallying Bitcoin market has been driving prices of the altcoins. Binance Coin has been among the top altcoins in the crypto market and it has been noting a sharp rise in its price....Read More
Early mover advantage is the advantage a company/person gains by being the first to introduce a product to the market. One prominent example would be Amazon, which created the first online bookstore, established its presence and brand value. This same advantage also applies to Bitcoin, the first cryptocurrency working on blockchain technology to employ a...Read More
Litecoin was quite bullish on the charts as it targeted a move past $140, but Zcash and Compound lost a level of support to selling pressure and could see further downside in the coming days. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin was trading at $139.57, right atop the $139 level of resistance it was...Read More
Bitcoin’s birthday bash has begun with the coin reaching a new all-time high at $34,800. This new all-time high has been a result of a year-long struggle of Bitcoin after grappling with the impact of COVID-19. The year 2020 had been filled with challenges for cryptocurrencies has emerged stronger from the adversities and paved the...Read More
Bitcoin has hit new all-time highs quite a few times in the last week. At the time of writing, bitcoin has struck a high of $34,830. Clearly, bitcoin is in a bull run, especially with Coinbase striking, what could be, potential OTC deals pushing BTC out of exchanges. With more BTC being bought up by...Read More
Bitcoin’s performance has been unparalleled and as the market marvels at the performance of the world’s largest cryptocurrency, the second-largest crypto, Ethereum [ETH] has surpassed $800 and reached $851. This value of ETH was last seen in May 2018 and as the rally in the BTC market gains momentum, the alt season may kick-off with...Read More
The Bitcoin market is roaring with an all-time high at over $34k and the remaining altcoin market has been following its lead. Interestingly, Chainlink has not been witnessing the same momentum in its market. Despite the grand rally in the BTC market, the price of LINK has been moving with a reduced momentum. At the time...Read More
In sync with Bitcoin’s price movement, Litecoin also noted a strong uptrend in the past few days. The coin has been able to secure an 11 percent price hike in the past 24-hours as Bitcoin surged past key levels of resistance around the $33,000 price level. At press time, Litecoin was being traded at $140,...Read More
Ethereum was strongly bullish on the charts as the dip to $700 never came, but instead, a boost to $789 was noted on the charts. Stellar Lumens slumped in the face of sellers, while FTX Token also surged and was trading at $6.38. Ethereum [ETH] Sorry: ETH/USD on TradingView Ethereum had a strongly bullish outlook...Read More
IMCoin exceeded expectations reaching a value of 2.15 USD per token, thus reaffirming that the Hybridcoin model works brilliantly. In recent weeks there has been a significant increase in users due to the fact that people from countries such as India and China, among others, were interested in the token, so the projections are even...Read More
Over the past six days, Polkadot [DOT] appreciated by 82% from $5.2 to post a high at $9.51 and at the time of writing was trading at $8.52. It held the sixth rank on CMC with a market capitalization of $7.58 billion. DOT 4-4our chart Source: DOT/USDT on TradingView The 4-hour chart showed the extraordinary...Read More
Binance Coin had neutral short-term momentum but could sink to $36 over the next few hours and retrace some gains from recent weeks. Tron labored under long-term selling pressure and was likely to sink to the $0.0258 level of support within the next three days, while Basic Attention Token also appeared likely to lose a...Read More
