Cryptocurrency Analysis and News Portal
Bitcoin is at an impasse: over the past six to seven weeks, the cryptocurrency has been caught in a relatively tight holding pattern that has seen it range between ~$8,500 and ~$10,000.Every attempt at deviating from this range has resulted in a rejection, with bears and bulls failing to establish
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Ethereum has declined over the past 24 hours alongside Bitcoin and the aggregated cryptocurrency market. Despite flashing some signs of strength in recent times, this has not been enough to break its tight correlation with BTC.Analysts do believe that the cryptocurrency is now positioning itself to post a massive upwards
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Ethereum’s price action in recent times has been lackluster to say the least, as it has been closely tracking that of Bitcoin as it trades within a wide and long-held range.It does not appear that this is emblematic of the cryptocurrency’s long-term outlook, however, as one prominent venture capitalist is
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Bitcoin remains below the crucial resistances of $10,500 and $14,000 but that hasn’t stopped investors from speculating as to where BTC will top in the upcoming bull run.One prominent executive and programmer in the space is speculating that a price of $300,000 is possible within the next five years. Here’s
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The past few days have seen Bitcoin recover strongly from the weekly lows of $8,600.As of the time of this article’s writing, the flagship cryptocurrency sits at $9,400, just over $200 shy of the weekly high of $9,650.It’s a strong rally that has convinced many traders of the bull case,
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Bitcoin may be down 50% from its all-time highs, but Ethereum has posted an even more harrowing performance. From the asset’s 2018 highs, set at the peak of the previous crypto-mania, ETH has fallen by over 85%, trading at $215 today after reaching $1,430.Some have said that Ethereum’s inability to
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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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Over the past three weeks, since Bitcoin hit $3,800 in a capitulation event, the cryptocurrency market has mounted an extremely strong recovery. In fact, just the other day, the cryptocurrency shot some 10% higher within a few hours’ time, rallying from $6,600 to $7,200 in a strong upward swing that
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Bitcoin has been fairly unpredictable over the past few months.In December, when the cryptocurrency fell under $7,000, a majority of analysts were expecting a retracement to the $5,000s, citing the existence of the ever-important 200-week moving average. And at the top near $10,000 established in mid-February, half of Crypto Twitter
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If you’ve been on Crypto Twitter, you know of AngeloBTC, what some would call a “legendary” Bitcoin investor. Indeed, prior to his effective retirement, he had over 3,000 BTC worth of registered notional profit on BitMEX, making him one of the most profitable traders on the platform. Ever.While he has
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