Bitcoin climbed higher above $9,500, but it struggled to clear $9,600 against the US Dollar. BTC is now correcting gains and it seems like there is a bullish flag forming with resistance at $9,450.Bitcoin is currently correcting lower from the $9,595 swing high.The price is trading well below the $9,500 pivot level and testing the…
Ripple’s XRP stole the spotlight of the cryptocurrency market after the former chairman of the U.S. Commodity Futures Trading Commission (CFTC) Christopher Giancarlo affirmed that it does not qualify as a security. Instead, the so-called “Crypto Dad” argues that the cross-border remittances token can be considered a currency like any other sovereign currency.“Ultimately, under a…
Bitcoin price could hit $18,000 if it continues to maintain its positive correlation with the S&P 500, says mysterious analyst PlanB.The creator of the popular stock-to-flow model highlighted a 95 percent r-squared correlation between the two assets.He added that the global central banks’ unprecedented quantitative easing policy serves as a basis of rallies in both…
Bitcoin is trading well above key supports on the daily chart against the US Dollar. BTC seems to be preparing for a crucial bullish breakout above the $10,000 resistance zone.Bitcoin traded as high as $10,390 before it started a minor downside correction.The price is currently trading well above the $9,000 support and the 100-day simple…
Bitcoin expects to extend its recovery rally towards $9,800 as the U.S. futures grows further.Both Bitcoin and the U.S. stocks have fallen and risen in tandem since the beginning of this week.Expectations of a strong retail sales report could push equities higher, assisting Bitcoin in logging similar upside moves towards $9,800.Bitcoin rallied Tuesday in sync…
Ethereum found support near $218 and started a sharp recovery wave against the US Dollar. ETH price is now facing hurdles near the $234 level and the 100 hourly SMA.Ethereum is up around 4% and it recovered nicely above $225 and $230.The price is currently struggling to gain pace above $234 and the 100 hourly…
Ripple started a strong increase from the $0.1820 support zone against the US Dollar. XRP price seems to have formed a double bottom pattern and it could rise further towards $0.2000.Ripple is up more than 4% and it is now trading above $0.1900 against the US dollar.A double bottom pattern is likely forming near the…
Bitcoin recovered sharply after trading to a new monthly low at $8,910 against the US Dollar. BTC is now trading above the 100 hourly SMA, but it is facing a major resistance at $9,500.Bitcoin is up more than 4% and recovered most losses to trade above $9,400.The price is now facing a major hurdle near…
Bitcoin extended its bearish correction at the start of this week, falling briefly below $9,000 for the first time in three weeks.While cryptocurrency reclaimed the said support level, fears of new sell-off rounds are looming over its market.Meanwhile, a separate fractal is also suggesting that Bitcoin would retest $6,000 in the medium-term.Bitcoin may fall to…
Bitcoin, gold, and global stocks fell in sync after a jump in virus cases moved investors to the safety of cash.The sentiment helped the U.S. dollar index recover its losses by another 0.11 percent, bringing its total upside rebound to 1.43 percent.Sebastien Galy, a strategist at Nordea Asset Management, noted the recent pullbacks would do…