Cryptocurrency Analysis and News Portal
It is possible that bitcoin is starting off its “traditionally bullish 4Q seasonal rally,” FSInsight said. The firm’s first upside target is $52,956 – the September high – followed by $64,895. Momentum may be overbought on an hourly basis but “dips are likely buyable” daily momentum is not overbought, FSInsight
Read More
Ether, the world’s second-largest cryptocurrency by market capitalization, returned to above $3,000, and is up about 9% over the past week. Similar to bitcoin’s rise, ether’s uptrend is stabilizing as buyers gained momentum over the past few days. The next level of resistance for ETH is seen at around the
Read More
Bitcoin and Ethereum are in the green on high timeframes. The first and second cryptocurrencies by market cap seemed to be recovering well, after months of sustained selling pressure. At the time of writing, BTC trades at $49,319 with a 1.4% profit in the daily chart. Earlier, Bitcoin was rejected as
Read More
Billionaire hedge fund manager John Paulson, famed for making a fortune betting against the U.S. housing market, says that cryptocurrencies are a bubble that will prove to be “worthless.” While he sees unlimited downside to crypto, he will not short bitcoin, however. “Even though I could be right over the
Read More
By Bitget CEO Sandra Derivatives products have been playing a significant role in the global finance market. As the concept of decentralization experienced rapid development and gradually gained wider recognition among users in recent years, decentralized derivatives trading has naturally become one of the most promising markets. So is it possible
Read More
Ethereum’s native asset, Ether (ETH), dropped after reclaiming its two-month high in the previous session, suggesting that its recent bullish rally was nearing exhaustion. In detail, the ETH/USD pair topped out at $2,699 on Sunday for the first time since June 7. The pair’s peak level also pushed its relative strength
Read More
After what seems like a thousand years of stability and a slight downtrend, bitcoin is back. Volatility is wreaking havoc. Trading volume seems to be picking up steam. And, more importantly, the community’s morale is climbing up. In any case, what do the data and the on-chain analysis say? Are
Read More
Rekt: Crypto Exchange OKEx Beholds $119 Million Short Squeeze May 5, 2018 by William Peaster As first pointed out by trading group BTCVIX, an absolute whopper of a liquidation has occurred on cryptocurrency exchange OKEx, where a trader just saw short position on bitcoin squeezed to the tune of ~$119 million
Read More