Bitcoin has held up surprisingly well throughout the past day, with buyers maintaining its price above $7,000 despite facing multiple firm rejections around $7,200. This has led some analysts to note that a break above this level could be imminent.This short period of consolidation also comes as a highly bullish fractal pattern emerges, which could…
Bitcoin has been showing a tight correlation with the stock market – the largest correlation in the asset’s young history.A historically accurate sell signal has just triggered across three major United States stock indexes, which not only could cause another major selloff across all markets, but it could cause Bitcoin and the rest of the…
XRP has continuously struggled for the last two years, unable to break free from downtrend resistance and recover any lost gains from the asset’s previous peak.But the altcoin commonly called Ripple has recently reclaimed the downtrend line from all-time high, after a false breakout and subsequent collapse. now that the important level has been reclaimed,…
Gold, the original store of wealth and safe-haven asset, recently set a new seven-year high as the recession ramps up. But as the high was tapped, profit-taking began and a pullback ensued.However, one long-term trend finding indicator has flipped green on monthly timeframes, potentially carrying gold to a new all-time high and a decade of…
Bitcoin’s intense overnight rally has stalled within the lower-$7,000 region, as the benchmark cryptocurrency has been unable to surmount the heavy selling pressure that has been firmly established just above its current price region.Its inability to push higher despite the overt bullishness of its swift rebound from lows of $6,600 may stem in part from…
It has been a generally positive day for the crypto markets, with Bitcoin’s rebound from its dip below $6,600 yesterday allowing it to incur some notable momentum that has since led it to break back into the $7,000 region.The intensity of this uptrend has been particularly visible amongst altcoins – many of which have climbed…
The highly cited stock-to-flow model, designed to assign a theoretical value to Bitcoin based on the asset’s hard-coded digital scarcity, may not be mathematically sound, according to the CIO of Arcane Assets, Eric Wall.Wall not only claims the S2F model is flawed, but has offered up an alternative, dubbed the Reddit Rainbow chart, that could…
Ethereum has been one of the best performing cryptocurrencies throughout the course of the recent uptrend that was incurred yesterday evening, with ETH’s bulls propelling the crypto up nearly 10%.This intense uptrend has come shortly after new data was released showing a massive influx of institutional money into ETH, which could be a sign that…
XRP really hasn’t done too well over the past few months. Case in point: crypto data provider Messari indicates that “XRP was the worst performer in Q1 of the top 25 assets” in its “currencies sector,” which excludes Bitcoin. This means that XRP underperformed Bitcoin Cash, Litecoin, Monero, Stellar, and many other cryptocurrencies over the…
It’s no secret that Chainlink (LINK) has been one of the most bullish cryptocurrencies throughout both 2019 and 2020, with the altcoin incurring explosive momentum that it has been able to maintain in spite of the market-wide weakness seen throughout the past few weeks.The crypto is now at risk of invalidating its latest uptrend, as…