Cryptocurrency Analysis and News Portal
Since the crypto bubble of 2017 that brought Bitcoin from under $1,000 to $20,000 in a year, analysts have been wondering what will spark the next rally.Many have put their faith in the Bitcoin block reward halving, which came to pass earlier this week, but more and more are becoming
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Since falling as low as $8,180 on Monday, the day of the halving, Bitcoin has mounted a strong comeback. The comeback culminated in a surge past the key $9,000 resistance on Wednesday, seen on the right-hand side of the chart below.Bitcoin’s price action from May 8 to today charted by
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Bitcoin is currently consolidating above the $8,500 and $8,250 support levels against the US Dollar. BTC price seems to be setting up for a strong bull run above $9,000 and $9,100.Bitcoin is trading in a crucial range above the $8,500 and $8,200 support levels.The bulls need to clear the $9,000
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EOS entered a corrective phase on Apr. 30 that has seen its price retrace over 27%. The smart contracts token went from trading at a high of $3.1 to hit a low of $2.3.Despite the significant bearish impulse, data shows that large investors are accumulating EOS on every dip. If
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With the halving just a few hours away, investors and “hodlers” alike are growing overwhelmingly bullish about what the future holds for Bitcoin.Venture capitalist Tim Draper, for instance, argues that the supply shock could see the flagship cryptocurrency surge towards $250,000. Meanwhile, former hedge fund manager Raoul Pal believes that
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Bitcoin (BTC) is just days from sealing the longest weekly bull run in its history, as markets continue to push for $10,000 support.Data from Cryptox Markets, CoinMarketCap and TradingView confirmed that as of May 8, BTC/USD was on course for its eighth consecutive green candle on weekly timeframes.Bitcoin 10-month weekly
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The biggest whale on Bitfinex known to the Bitcoin (BTC) community as Joe007 vanished, as the price of the top-ranked cryptocurrency by market capitalization hit $10,000.Joe007 left with a farewell letter, describing his time on Twitter as an “experiment.” He also removed himself from the Bitfinex Leaderboard, no longer showing
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A crypto data firm representative explained how Tether’s on chain data can potentially forecast Bitcoin’s (BTC) bull runs.Marketing and social media director at Santiment, Brian Quinlivan, told Cryptox on May 7 that the percentage of USDT held on exchanges often anticipates Bitcoin’s bull runs. He explained the principles behind the
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It is believed to be a correlation between USDT’s market cap and Bitcoin’s price movements. The majority of investors expect a rise in Bitcoin price after a significant boost of Tether (USDT). What can traders do while waiting for the bull?Years later, when we looked back to 2020, we might
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Bitcoin (BTC) price has risen over the $9K mark for the second time in 24-hours. On Saturday the day bulls managed to push the price of the top listed crypto-asset on CoinMarketCap to $9,010 but the price quickly rejected at the top of the bull pennant and pulled back to
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