pressure

These Factors Suggest Bitcoin Could Hit $13,900 if Bulls Defend One Key Level

Source Node: https://bitcoinist.com/these-factors-suggest-bitcoin-could-hit-13000-if-bulls-defend-one-key-level/?utm_source=rss&utm_medium=rss&utm_campaign=these-factors-suggest-bitcoin-could-hit-13000-if-bulls-defend-one-key-level
Time Stamp: August 5, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin’s consolidation phase within the lower-$11,000 region has resulted in a powerful push up towards $12,000 Although the crypto has yet to re-test this level, it does seem as though a movement to this level could be imminent in the near-term Multiple analysts are now offering bullish outlooks on BTC in the near-term One such trader is noting that a move up towards $13,000 could be brewing in the days and weeks ahead There are a plethora of different technical factors that could help this rally come to fruition Bitcoin

Despite Recent Strength, Ethereum has Yet to Break Above One Critical Level

Source Node: https://bitcoinist.com/despite-recent-strength-ethereum-has-yet-to-break-above-one-critical-level/?utm_source=rss&utm_medium=rss&utm_campaign=despite-recent-strength-ethereum-has-yet-to-break-above-one-critical-level
Time Stamp: August 5, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum, like Bitcoin, is currently flashing some immense signs of strength as it pushes past $400 The resistance at this price level remains heavy, so buyers must continue propelling the crypto higher in the near-term Where ETH trends next as it hovers around this crucial level may depend on Bitcoin, as it guided the market’s latest movement If Ethereum’s buyers remain strong in the near-term, they may next look to target the crypto’s recent highs at $415 There is a crucial level that it has yet to surmount, however, and

This Newly Formed Structure Could Cause Bitcoin to See Major Losses

Source Node: https://bitcoinist.com/this-newly-formed-structure-could-cause-bitcoin-to-see-major-losses/?utm_source=rss&utm_medium=rss&utm_campaign=this-newly-formed-structure-could-cause-bitcoin-to-see-major-losses
Time Stamp: August 4, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin and the aggregated cryptocurrency market are currently in a precarious position following the series of strong rejections seen yesterday evening The selling pressure incurred as a result of these rejections has not yet been enough to force BTC or other assets below their crucial support levels That being said, analysts are growing increasingly cautious on BTC’s near-term outlook One trader explained that a recently emerged technical pattern seems to indicate downside is imminent It is important to note that there is one fundamental development that could invalidate this pattern

Here’s Why Traders are Growing Cautious About Ethereum’s Uptrend

Source Node: https://bitcoinist.com/heres-why-traders-are-growing-cautious-about-ethereums-uptrend/?utm_source=rss&utm_medium=rss&utm_campaign=heres-why-traders-are-growing-cautious-about-ethereums-uptrend
Time Stamp: August 4, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has witnessed some incredibly mixed price action throughout the past few weeks After rallying up to highs of $415, it has been struggling to recapture this momentum as it largely trades below $400 Yesterday, ETH bulls pushed it to this key level before facing a massive influx of selling pressure that forced it lower It is now trading around its daily lows as bulls struggle to gain further momentum This has led one analyst to note that further downside could be imminent in the near-term Ethereum has seen some

Analyst: Closing Above This Crucial Level Could Catapult Bitcoin to New Highs

Source Node: https://bitcoinist.com/analyst-closing-above-this-crucial-level-could-catapult-bitcoin-to-new-highs/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-closing-above-this-crucial-level-could-catapult-bitcoin-to-new-highs
Time Stamp: August 4, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin appears to have entered a clear consolidation phase as it trades within the lower-$11,000 region Overnight the crypto faced a slight rejection after buyers tried to push it up towards its near-term resistance Buyers were not able to surmount the heavy selling pressure that existed within this region, and the crypto fell back to its support at $11,000 Analysts are now noting that BTC could be just a stone’s throw away from seeing an explosive rally higher There is one crucial level it needs to close above for this

UBS Expects Gold to Hit $2,000; What Does It Mean for Bitcoin?

Source Node: https://bitcoinist.com/ubs-expects-gold-to-hit-2000-what-does-it-mean-for-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=ubs-expects-gold-to-hit-2000-what-does-it-mean-for-bitcoin
Time Stamp: August 4, 2020 2:50 AM - Modified On: May 21, 2021 - Published By:
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UBS Global predicts that gold would climb to $2,000, at least by September, just as the metal’s correlation with Bitcoin reaches a new high. Wayne Gordan, executive director of Commodities and Forex at UBS, projected negative US real yields as the core reason behind the increasing bids for gold. The other key point, Mr. Gordon stated, is the ongoing plunge in the US dollar. Bitcoin traders should brace for a decent upside momentum led by the gold market. It is because of the increasing realized correlation between the two assets.

Bitcoin Holds Above Crucial “Ichimoku Cloud” as Analysts Remain Optimistic

Source Node: https://bitcoinist.com/bitcoin-holds-above-crucial-ichimoku-cloud-as-analysts-remain-optimistic/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-holds-above-crucial-ichimoku-cloud-as-analysts-remain-optimistic
Time Stamp: August 3, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has entered a consolidation phase within the lower-$11,000 region This comes shortly after bears stepped up and catalyzed a swift rejection at $12,000 this past weekend The cryptocurrency is now flashing some signs of weakness as it hovers above its key support at $11,000 Bulls have been able to hold it above multiple crucial levels throughout the past couple of days This is leading some traders to remain firmly bullish on the benchmark cryptocurrency’s near-term outlook. Bitcoin and the aggregated cryptocurrency market are currently consolidating after bearing witness to

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

Source Node: https://bitcoinist.com/why-analysts-are-bullish-on-bitcoin-despite-close-beneath-key-11700-level/?utm_source=rss&utm_medium=rss&utm_campaign=why-analysts-are-bullish-on-bitcoin-despite-close-beneath-key-11700-level
Time Stamp: August 3, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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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

Why Analysts Expect Ethereum to See Further Downside Following Intense Selloff

Source Node: https://bitcoinist.com/why-analysts-expect-ethereum-to-see-further-downside-following-intense-selloff/?utm_source=rss&utm_medium=rss&utm_campaign=why-analysts-expect-ethereum-to-see-further-downside-following-intense-selloff
Time Stamp: August 2, 2020 3:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum witnessed some intense overnight volatility that caused its price to slide as low as $300 This intense selling pressure came about in tandem with that witnessed by Bitcoin – which caused its price to slide down to lows of $11,000 Analysts are now noting that ETH may be positioned to see further downside due to the strength of this movement Although it has found some support and stability within the mid-$300 region, weakness against its BTC trading pair may also drag it lower Ethereum and the entire cryptocurrency market

Ethereum is Gearing Up for a Move Past $400; Here’s What Will Drive It Higher

Source Node: https://www.newsbtc.com/2020/08/01/ethereum-is-gearing-up-for-move-to-400/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-is-gearing-up-for-move-to-400
Time Stamp: August 1, 2020 6:50 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has seen some intense strength throughout the past couple of weeks, and the strong uptrend it is currently caught within isn’t showing any clear signs of coming to an end anytime soon. As it pushes up against its high time frame resistance, analysts are widely noting that it could be well-positioned to see further upside in the near-term due to its strong market structure. One analyst in particular is noting that the cryptocurrency is now poised to reach $400 due to its break above multiple key resistance levels. As

Why Bitcoin’s 3-Day Candle Close Could Lead to a “Parabolic Advance”

Source Node: https://www.newsbtc.com/2020/08/01/bitcoin-could-see-a-parabolic-advance/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-could-see-a-parabolic-advance
Time Stamp: August 1, 2020 2:30 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is currently expressing intense signs of strength as its price pushes up towards the $12,000 region. Although it has yet to breach this key level successfully, its strong overnight upswing does seem to indicate that a move higher is imminent in the near-term. This strength is likely rooted in the bullish monthly close that the benchmark cryptocurrency was able to post yesterday. This was the first time in three years that Bitcoin was able to close its monthly candle above $10,700. Many analysts are now noting that this may

Bitcoin Just Broke Past $11,500—and That’s Huge For Bulls

Source Node: https://www.newsbtc.com/2020/08/01/432966/?utm_source=rss&utm_medium=rss&utm_campaign=432966
Time Stamp: August 1, 2020 3:02 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin is ripping higher once again. In the past few hours, the leading cryptocurrency has begun to test the year-to-date highs at $11,500. And just minutes ago, BTC reached a local high of $11,700 after an influx of buying pressure. It is unclear if this rally is sustainable yet: Bitcoin has yet to close above $11,500 on any longer-term time frames like the 4-hour, 12-hour, or one-day charts. Chart of BTC's price action over the past 10 days from TradingView.com Analysts say that Bitcoin breaking past $11,500 increases the potential