Over the past year, many of the market’s altcoins have shown signs of decoupling from the price movement of Bitcoin, the world’s largest cryptocurrency. However, this wasn’t evident when the movement of the crypto-market in the month of September was assessed. In fact, while many of these alts did follow Bitcoin’s lead when BTC fell,...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. Just like Bitcoin, Binance Coin has been holding its own at the top of the recovery curve over the past week. Without undergoing a significant drop, Binance Coin has retraced from the support at $26...Read More
Disclaimer: The following article attempts to analyze the evolving patterns in the Ethereum market and its impact on price. The Ethereum market witnessed a momentary boost in its price on 17 September. This boost placed its current value at $387.34, which was closer to $376, an important point of support for Ethereum. As the market...Read More
Bitcoin’s price drop over 2-3 September had a ripple effect across the rest of the crypto-market. Altcoins across the board depreciated, lending weight to the argument that despite all the talk about an altseason, the world’s largest cryptocurrency continues to share a strong correlation with the rest of the market. Interestingly, the correlation in question...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Tezos’s long-term market and its impact on the price Tezos’s market may not be performing as it did in 2019, but it is still reporting significant growth for the year 2020. Its year-to-date gains had climbed to 70%, at the time...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer Bitcoin was undergoing corrections, at the time of writing, over the shorter timeframe. After recording significant movement while also briefly re-testing the $11,100-mark, Bitcoin’s bullish momentum on the charts finally seemed to...Read More
Bitcoin’s price has been on a recovery run since its fall on the price charts at the start of the month. However, for altcoins like Chainlink, Bitcoin’s sentiment did not seem to have a lot of effect on the cryptocurrency’s price action. Since the start of September, the cryptocurrency’s price has largely been on a...Read More
Although Bitcoin was consolidating at the time of writing, it was putting a lot of downward pressure on many of the market’s altcoins. Major cryptocurrencies like Cardano were moving lower down the price scale, whereas mid-cap assets like Synthetix and VeChain were trying to move forward with a stagnated price on the charts. Cardano [ADA]...Read More
Bitcoin could be a sound long term investment according to these metrics. Yet in the short-term, it still remains a volatile asset. Trading at $10,900 at press time, Bitcoin’s surge left many altcoins struggling against bearish pressure. Polkadot formed a bullish pattern and had room to rise, but could fall short of the target. Ontology...Read More
Bitcoin reached $10,950 and faced resistance at $11,200 as Bitcoin Dominance rose alongside. This meant many major altcoins could be facing selling pressure in the near-term. Chainlink lost an important level of support and was primed for a slide to the downside. IOTA also showed bearish momentum, whereas Dogecoin took its first step towards halting...Read More
Besides Bitcoin, all the major altcoins were undergoing severe corrections over the past 24-hours and it seemed like the depreciation was only going to get worse from here onwards. Bitcoin saw its price rise by over 1.6 percent in the past 24-hours and is now trading at $10,871. Source: CoinStats The likes of Bitcoin SV,...Read More
Cardano has dropped out of its bearish pattern, however, its journey higher starts now. With rising bitcoin prices and dominance, there might an altcoin sell-off soon, which might hamper altcoins’ performance. Cardano 4-hour chart Source: ADAUSD TradingView The chart shows the price of Cardano breaking promptly from the rising wedge. After testing the support at...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. Unlike other top digital currencies in the space, XRP struggled to respond after the collective industry collapsed between 1st-2nd Septemeber. With Bitcoin and Ethereum making significant strides in their recovery, XRP failed to move above...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on price. Ever since the March crash, the value of Bitcoin Cash had been restricted between $206.37 and $263.30, with sudden spurts and a correction adding to the trend. BCH was valued at $333 in mid-August...Read More
Binance Coin retraced some recent gains and could fall further, while Tezos looked also likely to drop. XTZ showed no signs of reversing the downtrend it was caught in. Cosmos showed rising bearish momentum in the near-term and its price ranged between two strong levels that have refused to be flipped since early September. Binance...Read More
Bitcoin Dominance rose to 61.15 from yesterday’s low of 59.9 while Bitcoin saw gains and was valued at $10,850 at press time. Bitcoin’s rise in the past few days was accompanied by many major altcoins seeing red. This can be explained by traders selling their altcoin holdings to buy a surging BTC in an attempt...Read More
Bitcoin continued to surge and was trading at $10,825 at the time of writing. The sentiment around cryptocurrencies shifted from fear to neutral, as the Fear and Greed Index showed a reading of 47. A strong Bitcoin did not alter the fate of Cardano and IOTA which showed a lack of momentum in the markets....Read More
Chainlink reached an ATH of $20 in August and could be set to slowly grind downward in the coming weeks. On a shorter time frame as well, the path of least resistance for LINK was to the downside. EOS was consolidating above a level of support. FTX Token could be set to trade within a...Read More
Bitcoin’s surge past $10,500 could have a positive effect on the rest of the market as the fear in the markets slowly evaporates. Polkadot confirmed a bullish pattern as it broke upward past the resistance and looked likely to surge further. Stellar Lumens found support on a near-term moving average but did not show any...Read More
For Ethereum and the rest of the altcoin industry, volatility is high at the moment. With the price undergoing massive sell-off and surges on a 24-hour period, Ethereum has entered a transitionary realm when bears are losing their grip on the long-term. With consistent recovery since September 3rd, there was a high probability for Ethereum...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. Unlike other assets, XRP has found it more challenging to attain a consistent move upwards over the past few days. While top assets such as Bitcoin and Ethereum have reduced their losses from the drop...Read More
Bitcoin SV looked headed for a drop to recent lows at $150 while Dash formed a bullish pattern that was invalidated in the face of selling pressure. Ethereum Classic showed it was heading upwards, but could take a few more trading sessions to confirm bullishness. Bitcoin SV [BSV] Source: BSV/USDT on TradingView On longer timeframes,...Read More
A fractal formation hints at a potential March-style crash in bitcoin price soon. The similarities between the two are uncanny and if the same does take place, we might see bitcoin dip below $10,000 level easily. Although bitcoin has climbed higher in the last 24-48 hours, it isn’t quite bullish yet, at least not until...Read More
Disclaimer: The following article attempts to analyze the emerging trends in the Litecoin long-term market and its impact on price. The Litecoin market has been witnessing increased volatility as it surpassed its immediate resistance at $49.5 and was being valued at close to $51. However, the digital silver could not hold on to this price...Read More
Bitcoin briefly slumped to $10,200 in the past couple of days as traders feared another sell-off but recovered swiftly to breach the $10,500 level and was trading at $10,737 at press time. Source: CoinStats However, evidence of BTC inflow to exchanges could forecast another wave of selling pressure for Bitcoin. Bitcoin Cash and Monero showed...Read More
EOS was/is a supposed competitor to Ethereum and a new place for smart contracts, DApps, etc. However, lately, it hasn’t amounted to much. Once positioned in the top-10 of CoinMarketCap’s rankings, EOS, at the time of writing, was the 12th-largest cryptocurrency in the market with a 24-hour price change of -2% and a -6.3% price...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer Many of the market’s cryptocurrencies failed to take advantage of the previous week’s period of recovery. Tezos was one of these crypto-assets, with XTZ’s movement upwards rather lackluster after the monumental drop...Read More
Bitcoin briefly spiked to $10,450 before dropping to $10,350, at the time of writing. However, short-term fluctuations might not faze investors one bit as BTC remains one of the market’s best-performing assets by a distance. Further down the cryptocurrency ladder, Tezos exhibited a falling degree of market volatility as traders and investors watched the crypto-asset...Read More
Bitcoin was trading around the $10,400-level, at the time of writing, a level that has proved crucial for it in the past. On the other hand, Cardano showed some bullish signs after a minor drop on the charts, with ADA looking to resume its climb. Further, while STEEM formed a triangle pattern that could see...Read More
Stellar Lumens registered a brief uptrend on the charts, before slumping. XLM, at the time of writing, needed to resume setting higher lows to inspire any bullish confidence. EOS too lacked a definite direction, exhibiting a lack of momentum over the past few days with its bearish outlook. Further down the charts, Algorand also showed...Read More
