Cryptocurrency Analysis and News Portal
Bitcoin could break above $10,000 in the next quarter.The upside sentiment matures as the S&P 500 hints at painting a super-bullish Golden Cross in July 2020.The U.S. benchmark’s growing correlation with Bitcoin could help it attempt a breakout towards $20,000.As bitcoin repeatedly struggles to close above $10,000, the S&P 500
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Tron’s TRX cryptocurrency was among the biggest gainers in the last 24 hours, rising by more than 5 percent.The upside move appeared as Justin Sun, the founder of Tron, announced a protocol upgrade that would introduce privacy features to its smart contracts.TRX’s rise also coincided with a bullish technical indicator
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Bitcoin formed a super bullish Golden Cross on May 20, 2020.Nevertheless, the cryptocurrency plunged by up to 9 percent in a contrary move.Earlier in February 2020, Bitcoin’s Golden Cross formation had followed a 61 percent price crash.On May 20, 2020, Bitcoin formed a Golden Cross, a widely-tracked, long-term bullish indicator
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Bitcoin prices look to be struggling with buyer exhaustion, having put in a negative performance in the last 24 hours despite positive developments on both the macro and technical fronts.The top cryptocurrency by market value fell from $9,760 to $9,100 during Wednesday’s U.S. trading hours, even though major investment banks
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A widely tracked bitcoin price indicator is about to turn bullish – potentially accelerating the recent uptrend of the top cryptocurrency by market value.The 50-day moving average (MA) of bitcoin’s price looks set to cross above the 200-day MA within two to three days. The resulting "golden crossover," a long-term
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The South Korean government has stated that the blockchain market represents a “golden opportunity” for the country. They are now calling for private sector companies throughout South Korea to exploit this potential.According to a report published on April 17 from Fn News, the Vice Minister of Strategy and Finance, Koo Yun-cheol,
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Bitcoin recently made a “Golden Cross” where the 50-day moving average closed above the 200-day moving average, a positive development for traders who sees it as a very bullish indicator. However, the benchmark cryptocurrency fell sharply right after forming the bullish crossover.The bitcoin-to-dollar exchange rate slipped below both the 50-
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Ripple’s native token XRP triggered a bullish crossover signal on Wednesday that many traders perceived as an opportunity to score short-term gains.The chart pattern, known as Golden Cross, typically appears when a short-term moving average jumps above the longer-term moving average. Many technical analysts use the crossover as a sign
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Bitcoin (BTC) may not see a 170% increase after its fifth “golden cross” price event, historical data suggests as markets stay down 8%.Analysis of price movements since 2009 shows Bitcoin has had a total of ten “golden cross” and “death cross” moments in its lifespan. BTC price dip challenges December
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Bitcoin’s golden cross is a sign that a strong bull market is likely on the horizon. Statistics reveal that bitcoin may post a new all-time high in six months. Analysts believe that a new all-time high this year is definitely possible. Bitcoin is in the midst of a disbelief
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