Bitcoin was trading at $10,580, at press time. Whether it surges past $11,200 or drops beneath $10,000 to fill the CME gap, either movement could have a major impact on the market’s altcoins. Monero was trending north and recently flipped an important level of resistance to support, with XMR likely to rise higher. EOS toiled...Read More
Bearish sentiment continued to be the norm across the crypto-market, at the time of writing. While Ethereum appeared likely to face further losses on the charts after forming multiple bearish patterns, Ontology continued to slump too. On the contrary, Maker flipped a level of resistance to support and was likely to see more gains in...Read More
The most recent price dump in the crypto-market saw the world’s largest cryptocurrency Bitcoin’s price dive towards the $10,400-level, a movement that signaled worrying signs of bearish divergence across the charts. In fact, Bitcoin SV registered a bearish divergence during the day’s trading session, under a scenario of heavy capital outflows in the BSV market....Read More
The crypto-market, at press time, appeared to be in a consolidation phase following a massive Bitcoin move to the downside yesterday. EOS, particularly, was noting a decline in its bearishness, while bulls in the Ontology and Maker markets appeared to struggle in warding off a second wave of selling pressure. EOS Source: EOS/USD on TradingView...Read More
BitMEX recently noted 32,200 Bitcoins withdrawn, nearly 19% of the exchange’s Bitcoin vault. However, BTC did not cede ground at $10,500, a development that was a sign of resilience and a maturing market. Tron‘s bulls have their work cut out for them as the longer-term bearish momentum stifled their attempts at recovery. Waves could also...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in XRP’s long-term market and its impact on the price Another blow was recently dealt to the cryptocurrency market after Bitcoin’s fall, with the altseason delayed yet again despite the fact that many expected it to arrive sooner rather than later. So was the case...Read More
Most of the market’s altcoins registered decent price recovery towards the end of September. Over the past 24-hours, however, in response to Bitcoin’s negative momentum, the crypto-market tumbled again, wiping out most of the gains made previously. Interestingly, at the time of writing, the bearish sentiment for the market’s altcoins seemed to be nearing an...Read More
The crypto-market’s losses did not end with September, with the month of October noting further losses. In the short-term, many crypto-assets on the charts were dominated by bears. Stellar Lumens was among them as its every bounce was met by selling pressure. BAT was unable to shrug off bearish pressure too as it fell through...Read More
Ethereum generally leads the direction of the altcoin market, and a bearish Ethereum meant trouble for a majority of the market’s altcoins. Chainlink failed to hold on to the important zone at $10 and $9.5 and could be set to slide lower on the charts. Synthetix dropped after forming a bearish pattern while Verge lost...Read More
The first of September saw a market-wide sell-off and the first of October saw some selling pressure throughout the market as well. At the time of writing, Bitcoin Cash was trading between two important levels and appeared bearish in the near-term. Further, Cosmos could test a level of support over the next few trading sessions,...Read More
Despite developments that could have had a strong bearish impact on Bitcoin such as the Kucoin hack, BitMEX co-founders being charged by the CFTC, or the stock market drop following the U.S President’s positive coronavirus test, Bitcoin stayed strong above $10,500. However, the Crypto Fear and Greed Index stood at 40, suggesting fear in the...Read More
Markets today experienced a day of persisting September selling pressure, after going through a short breather of some bullish sentiment yesterday. Following Bitcoin’s 24 -hour price dump from $10,900 levels to almost $ 10,400; Litecoin, Cosmos, and Dash also appeared to be highly bearish, with all three alts trading in red zones at press time....Read More
The altcoin market has seen its fair share of ups and downs in the past week. In the past 24-hours Bitcoin’s price fell by over 3 percent and its impact has spilled over into the price action of coins like Polkadot and Monero which registered up to a 14 percent drop in the past day’s...Read More
For Bitcoin SV, a quick turnaround above $165 has turned into a sad drop under $160 yet again. Possibly due to the high correlation with Bitcoin and its price drop due to the BitMEX mess, BSV suffered the recent decline. However, the analysis suggested that the markets were also identifying tell-tale signs of a fallout...Read More
As the collective digital asset industry stepped into Q4 2020 with a bearish tune, Binance Coin suffered quite a significant drop. With the price consolidating near $30 on 30th September, a quick turnaround led to a decline to $25.8. While over the past few hours, BNB has bounced back to $26.46, the volatility in the...Read More
After witnessing buying sentiment as Q4 commenced, the bullish trend had suddenly become uncertain reversing the tide for several altcoins. Bitcoin Cash lost almost 4 % of its valuation since yesterday, signaling the short term period trended lower than the long term. While for IOTA and XTZ the effect of the crypto market bloodbath was more...Read More
Disclaimer: The following article attempts to analyze the impact of emerging patterns on the Ethereum short-term market and its price. The cryptocurrency market saw a sudden shakeup in terms of price on 1 October as the Commodity Futures Trading Commission [CFTC] and the Department of Justice charged BitMEX co-founders for violating regulations. Although BitMEX denied...Read More
Several altcoins are closely treading along Bitcoin’s price movements, had witnessed a return of buying sentiment, pushing the price above key support levels during the last week of September. At press time Bitcoin was being traded at $10,860 after having noted a 1.1 percent hike in the past 24-hours. Source: CoinStats After a massive price...Read More
The premier cryptocurrency was trading near $10,612 at the time of writing and is also representing a roughly 4% decline over the past 24 hours, according to data from trading view. Prices dropped by nearly $300 in just minutes, but have bounced slightly at the time of writing; but BTC price fell roughly by $500...Read More
Fueled by strong buying momentum all three altcoins Cardano, Monero and Ontology gave appreciable returns to their investors during the last 48 hours. Monero was poised for a fresh ATH in its bullish run, while Cardano and Ontology witnessed positive uptrends helping the digital assets with price recovery. Cardano [ADA] Source: ADA/USD on TradingView According...Read More
Bitcoin has seen a considerable surge as of today and is up 2% in the last 24 hours. Based on buyers, the price could hit $11,000 $11,100 or crash down to $10,700. The sellers could drive it as low as $10,300 too. Today’s short-term price analysis takes a look at bitcoin on an hourly time...Read More
A swirl of bullish momentum was seen in the entire crypto market as each of the top 15 cryptocurrencies recorded gains in the last 24 hours. For COSMOS and DASH, the rally displayed impressive bullish sentiment, while Chainlink displayed bearishness, as its recovery attempt to gain positive momentum remained rather sluggish. Chainlink [LINK] Source: LINK/USD...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the EOS short-term market and its impact on the price. The month of September saw cryptos mostly consolidating or recovering from the sudden sell-offs. Most major cryptos have been able to recover positively over the past week, EOS has also been seeing its price...Read More
Tezos appeared to resume its larger downtrend and was likely headed to a lower price point after facing another wave of selling pressure. DigiByte appeared to be in a period of consolidation. EOS indicated a possibility of rising above resistance to flip the level to support, but the market was undecided at the time of...Read More
Crypto.com Coin was ambivalent at press time, with no overall direction to its movement in the past few days. This could change in favor of the bears shortly. Stellar Lumens formed a bullish pattern and could have the bullish momentum to flip resistance in the next few hours. Synthetix Network Token showed bearishness and was...Read More
The crypto market as a whole displayed a sense of divergence in the charts at the time of writing, with Bitcoin SV witnessing appreciable gains on one hand, while on the other, alts such as IOTA and Dogecoin were trading below crucial pivot levels. Bitcoin SV [BSV] Source: BSV/USD on TradingView Over the last 24...Read More
While Bitcoin and Ethereum appeared to hold fort on the charts, other altcoins were undergoing a severe period of price drops yet again in the industry. Consistent bearish pressure became an unavoidable situation in September 2020, as Chainlink, Ontology, and FTX token experienced another period of depreciation over the past day. Chainlink [LINK] Source: LINK/USD...Read More
For XRP maintaining a position above $0.22 is extremely important at the moment. As indicated earlier, the long-term bullish rally is dependent on its mediation above this price range and XRP’s recent re-test at this support raised a few concerns. With the price currently near $0.24, some of the nerves have settled down but the...Read More
Ethereum neared a level of resistance while forming a bearish pattern. Longer time-frame analysis showed that the asset appeared bearish. VeChain continued to form higher lows and though it lacked momentum at the time of writing, the next few days could see a rise for VET. Maker showed signs of bullishness and could seek to...Read More
Bitcoin’s multiple failed attempts to hit the $11,000 in the last week shows the lack of buyers’ momentum. In fact, the last time bitcoin hit $11,000 was when it fell from its local top at $11,100. Recent on-chain data suggests buyers might be ousted as short-sellers are racking up. Buyers Vs. Sellers The long to...Read More
