consolidation

Why Analysts are Bullish on Bitcoin Despite Close Beneath Key $11,700 Level

Bitcoin has been flashing some mixed signs to investors as of late Despite seeing intense bullishness throughout the past week as it rallied from the lower-$10,000 region to highs of $12,000, analysts still remain cautious regarding where it may trend next Their present lack of bullishness is rooted in the cryptocurrency’s inability to close its weekly candle above $11,700 This is a historically important level that analysts were closely watching over the past couple of days That being said, it has still maintained above its crucial macro support of $10,600

Weekend Market Action Signals DeFi-Driven Bull Market Has Arrived

This weekend’s epic crypto market momentum has been a remnant of the volatile action witnessed in late 2017. Ethereum has been in the driver’s seat, but instead of the ICO-saturated market of yesteryear, DeFi platforms are now dominating the sector in 2020. Cryptocurrency markets have reached their highest levels this year in terms of total market capitalization. Trouncing February’s highs of $300 billion, the total market cap surged to $360 billion this past Sunday. The figure has yet to top the 2019 peak in mid-June when the total cap exceeded

Crypto Price Analysis & Overview July 31st: Bitcoin, Ethereum, Ripple, Chainlink & VeChain

BitcoinBitcoin saw a massive 17.7% price surge over the past week. During the past fortnight, Bitcoin managed to break above a symmetrical triangle pattern as it started to push higher to reach $9,815 by the start of this week.Bitcoin then went on to explode above $10,000 as it reached as high as $11,400 on some exchanges. The coin has struggled to break this resistance over the past 4-days and must overcome it for the bullish run to continue.Looking ahead, if the bulls can break resistance at $11,275, the ext target

Crypto Price Analysis & Overview July 31st: Bitcoin, Ethereum, Ripple, Chainlink & VeChain

BitcoinBitcoin saw a massive 17.7% price surge over the past week. During the past fortnight, Bitcoin managed to break above a symmetrical triangle pattern as it started to push higher to reach $9,815 by the start of this week.Bitcoin then went on to explode above $10,000 as it reached as high as $11,400 on some exchanges. The coin has struggled to break this resistance over the past 4-days and must overcome it for the bullish run to continue.Looking ahead, if the bulls can break resistance at $11,275, the ext target

Why This DeFi Exchange is a One Way Ticket for Ethereum’s ERC-20 Tokens?

advertisement Uniswap is a decentralized exchange with a unique mechanism for trading ERC-20 tokens on its platform. Apparently, its the perfect platform for pumping tokens. CryptoGainz, prominent crypto trader tweeted, Advertisement there’s no orderbook to scare buyers or induce selling, only a bullish narrative and sell side liquidity crisisUniswap evaluates the price of a token based on the balance of Ethereum and of the token. On a successful trade or exchange, the value is added in accordance with the Ethereum swapped for the token. Hence, there are no order books

Bitcoin Price Prediction: BTC/USD Reaches the Expected Target at $11.5k as Buyers Take Bold Steps to $12k Mark

Bitcoin (BTC) Price Prediction – August 1, 2020Today, BTC/USD is now trading above $11,400 after days of battle against the resistance at $11,200. The king coin is close to its next target price of $11,500. This is a positive sign as buyers continue to exercise dominance over sellers. Resistance Levels: $10,000, $11, 000, $12,000Support Levels: $7,000, $6,000, $5,000 BTC/USD – Daily Chart Since July 27, the bulls have been having a running battle to push BTC above the $11,200 resistance. Buyers have retested the resistance on four different occasions without

Ethereum Price Analysis: ETH Makes Sharp Rise, Faces $175 Resistance

Key Highlights Ethereum has risen to $175 but faces resistance Ether will rally above $200 if the resistance line is breached Ethereum (ETH) Current Statistics The current price: $169.62 Market Capitalization: $18,623,402,337 Trading Volume: $14,698,755,099 Major Resistance Zones: $175, $200, $225 Major Support Zones: $125, $100, $75 ETH Price Analysis April 09, 2020 Ethereum has moved up to a high of $175 after a rebound at the low above $140. Ether was earlier in a tight consolidation between $120 and $140. It faces rejection at $145 any time it rises

Binance CEO CZ: Stricter Regulations in Asia Will Lead to Consolidation of Crypto Exchanges

The fragmentation of the Asian market has brought about more rigorous scrutiny from financial regulations and this has led to a consolidation of many cryptocurrency exchanges according to a report on Wednesday. The report cited a decline in the number of Mergers and Acquisitions by 76% in 2019 and a good number of these transactions had involved exchanges and payment services. While the number of deals conducted in the US fell by 40%, those conducted in Asia rose from 14% to 22%. Binance leading the way Binance, the world’s largest

Price Analysis April 8: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Central banks around the world have pumped up their economies with huge stimulus measures. JPMorgan Chase’s chairman and CEO, Jamie Dimon, praised the United States for taking swift action to counter the current economic crisis. Despite the kind words, in a letter to JPMorgan shareholders, Dimon warned that the future “will include a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008.”Ballet CEO and founder Bobby Lee expects Bitcoin to reach $10,000 by its block reward halving next month. Lee expects the

Bitcoin Price Prediction: BTC/USD Breaks above $7,000 Resistance, a Rally to $8,000 and $9,000 Is Expected

Bitcoin (BTC) Price Prediction – April 07Yesterday, Bitcoin has finally broken above the $7,000 overhead resistance. The market shot up from the low of $6,775 to $7,403. The current move will extend to a high of $8,000 and $9,000 if the current price level is sustained.Key Levels:Resistance Levels: $10,000, $11, 000, $12,000Support Levels: $7,000, $6,000, $5,000BTC/USD – Daily ChartAfter the breakage of the overhead resistance, Bitcoin runs into the $7,400 resistance zone. The market is respecting the previous historical price level. Bitcoin was in consolidation above $7,400 price level between

Bitcoin Price Prediction: BTC/USD Breaks Consolidation Pattern; $8,000 Next?

Bitcoin (BTC) Price Prediction – April 6The Bitcoin price increased by more than 6.90% today as the cryptocurrency makes its way above $7,245.BTC/USD Long-term Trend: Bullish (Daily Chart)Key levels:Resistance Levels: $8,000, $8,200, $8,400Support Levels: $6,000, $5,800, $5,600BTCUSD – Daily ChartBTC/USD has now cleanly broken above the upper boundary of the previous ascending pattern as it takes out the resistance at the $7,000 level. BTC/USD increased by a total of 6.94% today to reach a high of around $7,248 as the buyers start to take control. The crucial thing to look

Price Analysis April 6: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

During a crisis, the first thing panic-stricken investors do is to sell almost every asset class they perceive is likely to go down. However, after the panic settles down, the bottom fishers step in and start buying the assets that show value. We have seen both of these phases play out for cryptocurrencies.The sharp selloff on March 12 was a good example of panic and the sharp correction was quickly followed by a phase of cherry-picking by long-term investors. Since bottoming out on March 13, most major cryptocurrencies have rebounded