This Fractal Predicts Ethereum Will Soon See One Leg Higher To $500
Ethereum and Bitcoin have been subject to a strong correction over recent days. Both cryptocurrencies have dropped over
Read MoreEthereum and Bitcoin have been subject to a strong correction over recent days. Both cryptocurrencies have dropped over
Read MoreXRP was able to incur some decent momentum earlier this week that sent it into the mid-$0.25 region. Despite
Read MoreWhat a day it’s been for the Bitcoin market. After holding under $9,000 for multiple days and weeks,
Read MoreThe markets have favored the underdogs throughout the past week, with silver and Ethereum both outperforming their larger
Read MoreSave for the slight 2-3% rally seen on Tuesday, Bitcoin’s price action over the past few weeks has
Read MoreBitcoin’s consolidation over recent weeks has convinced some traders that there is a move to the downside in the works. As reported by NewsBTC recently, one analyst commented that the recent price action is signaling a potential “distribution” pattern: “A couple more clues developing that lend themselves to HTF distribution. 1.
Read MoreBitcoin was once branded as an asset that was uncorrelated from the rest of the financial markets.Look no further than a survey of institutional investors by Fidelity Investments. It found that a good portion of this group want to buy cryptocurrencies because they are a valuable portfolio diversifier that is
Read MoreIn May and June, Bitcoin sustained multiple consecutive rejections at $10,000.Every time the cryptocurrency surpassed that level, the rally was quickly stopped by sellers. The chart below from Blockroots founder Josh Rager depicts this trend well.Chart of BTC’s price action over recent months by Josh Rager (@Josh_rager on Twitter). Chart
Read MoreBitcoin has finally seen some strength after days upon days of consolidating in the low-$9,000s.As reported by NewsBTC, the cryptocurrency saw a sudden breakout on Monday. BTC reached a local high of $9,800, the highest price in one and a half weeks.BTC’s strength was seemingly related to that of the
Read MoreBitcoin is consolidating sideways in a $1,500-wide trading range since the beginning of May 2020.While observers anticipate the cryptocurrency to head lower, a fractal from 2019 shows a different picture.So it seems, bitcoin is currently mirroring the same trend pattern that sent its price to $14,000 last year.After rallying by
Read More