XRP, the cryptocurrency asset often referred to as Ripple, has been among the worst-performing crypto assets and altcoins of the last two years.However, according to one crypto analyst who has spotted what they believe is a classical bottom signature on XRP price charts, expects the asset’s woes to soon change and potentially triple in value…
Since the monthly close that transpired at the turn of the month (UTC), Bitcoin has tanked, falling 4% from the $6,500 price where it spent most of the past few hours to a low just above $6,250.The move lower began just eight minutes after the monthly candle closed, potentially suggesting that market players were intending…
Bitcoin’s recent volatility did some severe technical damage to its market structure, and also led to mass capitulation amongst BTC miners, with the crypto’s decline from $10,500 to lows of $3,800 making it no longer profitable for many smaller mining operations.Miner’s ongoing capitulation is illustrated while looking towards Bitcoin’s hash rate, which has seen a…
In just over 120 minutes as of the time of this article’s publishing, Bitcoin’s one-month and three-month candles will close. A number of analysts have remarked that the upcoming close will be crucial for the crypto market’s directionality moving forward.Related Reading: This Key Metric Suggests the Crypto Market’s Downturn Will Be ShortlivedLevels to Watch ForAccording…
After Bitcoin price fell from $10,000 to under $4,000 in one short month, the ultra bearish, panic-induced price action has finally settled into a neutral state.However, if bulls can break above this key level and hold it as support, the price action will flip bullish and likely go on to target $7,800.Neutral Price Action Ready…
Bitcoin is up more than 8% and it broke the $6,500 resistance area against the US Dollar. BTC price is now struggling to clear $6,600 and it could correct lower in the short term.Bitcoin gained bullish momentum above the $6,200 and $6,400 levels against the US Dollar.The price topped near the $6,640 level and it…
Following a brief selloff that led Bitcoin down to lows of $5,800 overnight, the crypto has been able to post a strong and sustainable rebound that has since led it to climb towards $6,500, with bulls currently attempting to reclaim its previous position within the upper-$6,000 region.It now appears that bulls are in the process…
In the past 20 minutes, Bitcoin has traded above $6,500, marking a rapid 12% gain from the $5,800 bottom seen on Sunday evening (UTC).Due to this move, the BitMEX funding rate on the Bitcoin (XBT) contract surged by 990%, according to data from Joe McCann, a cryptocurrency trader and AI/cloud specialist at Microsoft. According to…
Bitcoin’s decline to lows of $5,800 overnight was met with significant buying pressure that subsequently allowed the cryptocurrency to climb higher, with BTC bulls now attempting to reclaim the crypto’s previous position within the upper-$6,000 region.This early morning rebound came about after a short bout of intense selling pressure, and buyer’s ability to absorb this…
Throughout 2020 thus far, Bitcoin has been showing a tight correlation with major stock indexes like the Dow Jones and the S&P 500.If this continues, and a “fractal of doom” plays out on the Dow Jones, it could spell complete and utter disaster for Bitcoin and the rest of the crypto market as well, potentially…