Bitcoin Driven Higher by Accumulation Trend as Economist Forecasts Upside
Bitcoin’s recent price action has been rather lackluster compared to that seen in months and years past. For many
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Trend
This Unexpected Signal Indicates Bitcoin Is About to See a Bull Trend
Bitcoin’s price action has been extremely boring over the past two months, with the leading cryptocurrency trading in a historically small range. Bulls, however, may soon get a boost as the premium between the Bitcoin spot market and the implied price of BTC determined by Grayscale investors has shrunk. Related Reading: Crypto Tidbits:
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Buy Signals On Bitcoin and Ethereum Could Bring Sudden End To Sideways Trend
While the rest of the crypto market has been soaring, Bitcoin and Ethereum have been trending sideways. The tightening price action has led to boredom and record low volatility. But a buy signal on each of these two most dominant crypto assets could lead to a sudden change in trend, and
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Bitcoin Historical Volatility Approaching Zero Could Signal Blossoming Bull Trend
The cryptocurrency known for its wild volatility, Bitcoin, has been trading sideways for several months in a tightening trading range. Historical volatility is approaching zero, for less than the tenth time in the asset’s decade long history. In the past, this low of volatility proceeds a major move and trend change.
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Three Signs the Explosive LEND Crypto Trend Could Come To An End
The DeFi craze is showing no signs of cooling off, and each week a new crypto token is on fire as a result. The industry’s hottest token currently, is LEND, a DeFi protocol for lending and borrowing crypto assets. The altcoin is up over 3000% in 2020 alone, but there are
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Bitcoin’s Historical Positioning Suggests an Intense Bull Trend is Looming
Bitcoin’s price action in recent times has been lackluster, providing investors and analysts alike with little insight into the state of its macro trend. This ongoing sideways trading may not be unprecedented, however, as a look at the cryptocurrency’s historical post-halving price action suggests that this may simply be one of
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Wall Street Reverses Upward Trend, S&P 500 Closes 1% Lower
The Wall Street rally seems to have come to its end as most defining stocks closed lower amidst increasing COVID-19 cases.The new confirmed cases of COVID-19 surging all over the United States seems to be causing untold reactions in the stock market. Florida stood out over the weekend recording about
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Trend Indicator: Bear Market Didn’t End After Bitcoin’s $3,700 Capitulation
Bitcoin price is once again flirting with resistance above $10,000 but has yet to penetrate and hold above the key level. This latest visit has resulted in a lower high.Unless the cryptocurrency can get through and set a new local peak, the asset is at risk of setting a new
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The Fed’s Balance Sheet & Stock Market Correlation Reveal a Disturbing Trend For Equities
The U.S. stock market fell over 6% after the Fed’s balance sheet started to contract. The correlation leaves equities vulnerable to a steep correction if the Fed slows down its asset purchases. The addition of 30,000 new virus cases in the U.S. on a single day may put even more pressure on
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Why the “Explosively Bullish” DeFi Trend May Not Stop Ethereum from Breaking Down
Ethereum’s utility has seen an explosive rise over the past couple of years. Throughout late-2017 and most of 2018, the blockchain’s utility was primarily rooted in the ICO mania that plagued the cryptocurrency market.This shifted in late-2018, however, as a regulatory crackdown on ICOs across the globe largely put an
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