Bitcoin just completed a repeating pattern signaling the third, and potentially final miner capitulation event, that in during past cycles proceeded the start of a major bull run, leading to a new all-time high.Past Bitcoin Market Cycles Suggest Miners Capitulate Three Times Before Bull RunAll financial markets are cyclical, and Bitcoin and cryptocurrencies are no…
Bitcoin dominance has not only broken down from a two-year-long uptrend, but it has also retested the trend line as resistance and failed to reclaim the key level.With trend line support now confirmed as resistance, its likely that Bitcoin dominance could see an extended downtrend in the days, weeks, and months ahead. But what does…
XRP has seen a notable price climb throughout the past few days, with its price rising in tandem with that of Bitcoin and most other major cryptos. This has led the token up towards $0.20, which appears to be where it faces some intense near-term resistance.Analysts don’t believe that this resistance will hold strong for…
After incurring an incredibly intense uptrend that led Ethereum to highs of over $175 yesterday, ETH has lost some of its momentum and has declined below $170, with this drop coming about concurrently with that seen by Bitcoin overnight.In the near-term, it does appear that ETH’s bulls may have slightly overextended themselves, as the crypto…
After last month’s catastrophic collapse, Bitcoin and the rest of the crypto market has made a strong recovery, nearly doubling in value from the recent extreme low.But just as the asset class has reached critical resistance, a rough week and a deadly accurate sell signal triggering on a dozen or more individual crypto assets are…
Bitcoin and the entire crypto market appears to have entered another bout of sideways trading within the lower-$7,000 region, with bulls struggling to surmount the resistance that has been formed around $7,300.The price action seen throughout the past couple of weeks, however, seems to suggest that this consolidation may be short-lived, as it is on…
The crypto market is on fire this week, with Bitcoin price exploding well above $7,000 and the rest of the market outperforming the leading crypto by market cap.However, even though prices are taking off across the market, according to the Fear and Greed Index, the market is still in extreme fear. One crypto analyst says…
It has been another great day for the crypto markets, and Tezos has continued to be one of the most bullish major cryptocurrencies, posting a notable extension of its recent uptrend that has allowed it to rally past $2.00.Analysts are noting that while looking at the cryptocurrency’s weekly chart, its potent reaction to a key…
Bitcoin has been able to stabilize within the lower-$7,000 region in the time following its recent upswing, with its ability to flip this previous resistance region into support being a bullish near-term sign that suggests further upside may be imminent.Presently, it does appear that a bearish undercurrent is beginning to form, however, as the cryptocurrency…
The impact of the coronavirus will have a negative long-term effect on the economy, bringing forth a major recession and potentially with it, the collapse of the dollar. With the dollar potentially dying in the months and years ahead, a published author, investor, and entrepreneur is recommending that investors buy Bitcoin and gold in preparation…