A textbook technical scenario brewing inside the bitcoin market could send its prices above $14,000.Crypto analysts highlighted earlier this week the potential formation of an Inverse Head and Shoulder (IHS) pattern. Investopedia defines it counter, which is called Head and Shoulder Pattern, as a “reliable” indicator in predicting an asset’s bullish-to-bearish trend reversals. Therefore, its…
It goes without saying that Bitcoin’s price action over the past few weeks has shaken many digital asset investors in the industry. The crash from $10,000 to $8,400 liquidated dozens of millions worth of leveraged positions, forcing many on the sidelines, data from Skew.com shows.Unfortunately, the cryptocurrency is likely to retest $8,400 once again, a top analyst has…
Could anxious investors treat bitcoin as their safe-haven amidst Coronavirus uncertainty? Yes. But that doesn’t make the cryptocurrency the only fish in the big pond of insurance assets.Investors are now looking beyond the traditional narratives of a safe-haven. They are relying on unique assets to protect their capital. That explains why a soup company’s stock…
Bitcoin holds above a key support level of $9,000 amidst growing demand for safe-haven assets.The cryptocurrency is eyeing a break above $9,500 to confirm a medium-term bullish bias.Rising cases of Coronavirus in the US has led investors to withdraw from equities this week. Gold and bonds have inched higher, meanwhile.The last couple of weeks saw…
Bitcoin’s and Ethereum’s strong surge to kick off 2020 has caught many traders aback. Case in point: each leg higher in the price of BTC during January and February was marked by dozens of millions of dollars worth of short liquidations on margin trading platforms like BitMEX.While the majority seem to have been caught off…
Bitcoin finally managed to clear the $9,000 resistance zone against the US Dollar. BTC price must stay above the $8,950 and $8,860 support levels to continue higher in the near term.Bitcoin is trading in a positive zone above the $8,950 and $9,000 levels against the US Dollar.The price traded as high as $9,172 and it…
Binance coin price is gaining bullish momentum above the $20.50 resistance against the USDT. BNB price action suggests bitcoin could also start a decent upward move if it remains stable above $9,000.Binance coin price is up more than 3% and it recently broke the $21.00 resistance against the USDT.The price is likely to rise further…
Ethereum is trading below the key $235 resistance area against the US Dollar. ETH price seems to be forming a strong support above $220 and it could soon rally above $235.Ethereum is likely forming a bottoming pattern above the $220 level against the US Dollar.The price could gain bullish momentum once there is a clear…
Bitcoin is slowly gaining bullish momentum above $8,800 against the US Dollar. BTC price must settle above the $9,000 barrier to start a convincing rally towards $9,500.Bitcoin is showing positive signs above the $8,800 resistance area against the US Dollar.The price remains well supported on dips near the $8,840 and $8,780 levels.There is a major…
Ripple is following a bullish path above the $0.2320 support zone against the US Dollar. XRP price is likely to accelerate higher above the $0.2400 and $0.2420 resistance levels.Ripple price is slowly climbing higher above the key $0.2350 level against the US dollar.The price is likely to gain bullish momentum above $0.2380 and $0.2400 in…