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The head of Hedge Fund Telemetry, Thomas Thorntown, has been extremely accurate at predicting Bitcoin’s tops and bottoms. By employing the Tom Demark (TD) Sequential indicator, the trading veteran has been able to forecast the direction of BTC’s trend.In mid-December 2019, for instance, while the flagship cryptocurrency fell below $6,500,
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Bitcoin closed above $8,000 this Wednesday, wiping all its Coronavirus-induced losses from mid-March.The cryptocurrency’s move uphill came ahead of Jerome Powell’s press conference at 1430 ET today.The Federal Reserve chairman is likely to discuss strategies to tame the contracting economy, with investors expecting him to keep the interest rates lower.Bitcoin
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There is no doubt Bitcoin has been adversely affected by the outbreak of COVID-19.Crypto assets, like many other mainstream asset classes, experienced a large downturn in the middle of March. It was a move in global markets based on fears that the coronavirus lockdowns could cause a widespread economic contraction,
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Ripple is up more than 10% and it broke the key $0.2000 resistance area against the US Dollar. XRP price is showing positive signs, suggesting a similar breakout in bitcoin above $8,000.Ripple price succeeded in clearing a major resistance near $0.2000 against the US dollar.There was a sharp upward move
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Bitcoin is showing bullish signs above the $7,700 level against the US Dollar. BTC could start a strong pre-halving rally if it breaks the $8,000 resistance and the 100-day simple moving average.Bitcoin is following a positive path above the $7,500 pivot level against the US Dollar.The price is now facing
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Tezos’ founders, Arthur and Kathleen Breitman, have been in the center of controversy after hinting that they could be stepping away from the project. Arthur’s recent exclusion from the Tezos Technical Advisory Committee and Kathleen’s disinterest in running her upcoming blockchain-game on top of this protocol set off the alerts
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Stellar Lumens’ native cryptocurrency, XLM, hit a fresh local high, up more than 190 percent in just one month.The extraordinary price rally lacks concrete market fundamentals and relies more on macro crypto trends.XLM reversed after testing a long-term resistance area, hinting it could extend its pullback move as investors shift
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The short-term moving average on Bitcoin’s daily chart is flattening out.The phenomenon comes after the cryptocurrency hits the highest level since mid-March sell-off.Coupled with favorable fundamentals, such as halving, the MA indicates an extended bull run towards or beyond $9,000.A lagging technical indicator that determines bitcoin’s near-term market bias has
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The past few weeks have seen Bitcoin push higher and higher every few days, establishing higher low after higher high after higher low on the back of an influx of buying pressure. But, according to a number of crypto traders, BTC is preparing to see a correction as the charts
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Ripple is currently correcting lower from the $0.2000 support against the US Dollar. XRP price is likely to start a fresh increase unless there is a clear break below $0.1920.Ripple price is correcting lower from the $0.1997 weekly high against the US dollar.The bulls are protecting the $0.1950 support and
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