Cryptocurrency Analysis and News Portal
A reoccurring theme in many Bitcoin analyses over the past few weeks has been mentions of a “rising wedge.”For those unaware, a rising wedge is a common chart pattern marked by a strong uptrend. Although this uptrend may seem bullish from a top-down perspective, rising wedges are textbook reversal patterns.Per
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Ripple extended its rally above the $0.2200 resistance against the US Dollar. XRP price is showing many positive signs and it could continue to rise towards $0.2500 or $0.2600.Ripple price is up close to 10% and it climbed above the $0.2300 level against the US dollar.It tested the $0.2350 resistance
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The past 24 hours have been explosive for the Bitcoin market. Ever since breaking past $7,800 on Wednesday morning, the cryptocurrency has been in a nearly unstoppable uptrend, rallying past resistance after resistance in the $7,000s, $8,000s, then most recently, the ever-important $9,000 level.This steep uptrend comes on the back
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Bitcoin is up more than 15% in a pre-halving rally against the US Dollar. BTC broke the key $8,000 resistance and the 100-day simple moving average to open the doors for $9,500 or $10,000.Bitcoin is surging and it settled nicely above the $8,000 resistance pivot level against the US Dollar.The
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The bitcoin price peaked at $8,970 Wednesday, the highest since early March. An upsurge in trading volume and search interest suggest FOMO-buying is back in play. Bitcoin will undergo its next halving event in roughly 12 days. Don’t look now, but bitcoin is making a fast approach on $9,000–signaling
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Ripple blockchain’s native cryptocurrency XRP hit its seven-week high during Wednesday trade.The gains came as a part of a broader cryptocurrency market uptrend that saw every high-cap token painting fresh local highs.But XRP’s interim uptrend could run out of breath as price tests a strong technical resistance.XRP, the cryptocurrency that
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Bitcoin bulls have not let up the pressure since breaking $7,800 just 12 hours ago. As of the time of this article’s writing, the cryptocurrency just broke past $9,000 for the first time in seven weeks. With this, BTC is up 15% in the past day.The $9,000 price point has
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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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