The holidays are now done and over, and Santa has headed back to the North Pole to wait for next year to begin bringing gifts once again. However, if the ETH/BTC price chart is any indication, Ethereum holders may get a belated gift early in the new year, with a massive break of overhead resistance.
And if Ethereum does indeed break out against Bitcoin, it could kick off a short-lived alt season, where the altcoin market as a whole outperforms the leading cryptocurrency by market cap.
ETH/BTC Building a Base, Ready To Take Out Resistance
Throughout 2019, altcoins like Ethereum, Ripple, and Litecoin bled their invested capital out and into Bitcoin, causing most altcoins to take a dive in their BTC ratios. Crypto investors capitulated in droves, further fueling the brutal selloff.
Related Reading | The Most Lucrative Signal in Bitcoin History Just Flipped Buy
During this time, both Bitcoin and BTC dominance – a metric that weighs the first-ever cryptocurrency against the rest of the crypto market – rose steadily, reaching what now looks to be a peak.
Now that things appear to be reversing, Ethereum looks ready to outperform Bitcoin according to one crypto analyst’s take on ETH/BTC charts.
Expecting this $ETH consolidation to break upwards.
This ~0.0184 resistance has been tapped more times than $BTC has been forked. pic.twitter.com/cGu7hjLQxB
— Hsaka (@HsakaTrades) January 5, 2020
In an accompanying chart, Ethereum can be seen building a base, with repeated attempts at breaking back above resistance. This resistance is expected to break, giving way to a strong rally in the number two cryptocurrency by market cap.
Ethereum Could Lead Altcoin Market in Rebound Against Bitcoin
But it may not just be Ethereum ready to outperform Bitcoin. The number three crypto by market cap, XRP, broke out against BTC and USD this morning, causing the asset’s price to rally over 10%.
Despite the rally, for a change, no one in the crypto community is talking about an alt season – a period of time when altcoins greatly outperform Bitcoin on their ratios. Last year, after each glimmer of any gains in altcoins against BTC, an alt season echo chamber would begin.
But these would be short-lived and altcoins would go right back to suffering further and setting new lows. It became a bit of a meme to talk about alt season, to the point where most traders and analysts won’t even utter the words anymore without fear of being ridiculed or ridiculously wrong.
Related Reading | Crypto Comeback: After Two Years of Bear Market, Bitcoin And Ethereum May Be Ready To Rebound
However, these sort of things happen in financial markets when it’s least expected. After two full years of decline, crypto investors may be at this point expecting the worst, but it also the point where the worst may be behind them and things start to turn around once again.
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After a downside correction, bitcoin price found support near $6,860 against the US Dollar. The price is currently rising and trading nicely above the $7,400 resistance. There was a break above a major declining channel with resistance near $7,345 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
Bitcoin started a strong upward move from the $6,880 support area against the US Dollar. The price is reversing losses and it is now well above $7,100. There was a break above a key bearish trend line with resistance near $7,120 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Much to the chagrin of investors and bulls alike, Bitcoin (BTC) was unable to hold above the key support that had been established within the lower-$7,000 region, as it posted a swift break below this support during a sharp selloff that occurred earlier this morning.
Bitcoin price is currently consolidating above the $7,200 and $7,150 support levels against the US Dollar. The price is likely to climb higher again unless there is a daily close below $7,000. There is a key bearish trend line forming with resistance near $7,240 on the hourly chart of the BTC/USD pair (data feed from... The post appeared first on NewsBTC.
Bitcoin (BTC) is once again stuck in a range, moving for weeks between support and resistance levels around $7,000 to $7,500. Now, new analysis pegs a support of $7,800 as a sign of a new bullish trend.
Over the past few hours, Bitcoin (BTC) has shown strength rather uncharacteristic to its performance over the past few weeks, surging to $7,520 just an hour or two ago. But since then, the price of the leading cryptocurrency has retreated, returning to $7,350 after bulls failed to break through $7,500.
After a strong decline, bitcoin price found support near $7,000 against the US Dollar. The price is now trading near the $7,300 and $7,320 resistance levels. There is a major breakout pattern forming resistance near $7,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
Bitcoin (BTC) has had quite a quiet past few days, flatlining in the low-$7,000s in the wake of Christmas. Analysts say that despite this lull, the cryptocurrency is starting to show signs of wanting to break higher.
Bitcoin price is just holding the key $7,120 and $7,000 support levels against the US Dollar. A bearish break below the $7,000 support could start a short term downtrend. There are two bearish trend lines forming with resistance near $7,240 and $7,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
For months now, crypto investors have been asking if the Bitcoin (BTC) bottom is in. While the answer has mostly been no over the past few months, a number of analysts are becoming certain that the drop to $6,400 seen earlier this month was the final bout of decisively bearish price action this cycle.
Bitcoin price failed to extend gains above $7,700 and declined more than $400 against the US Dollar. The price is now trading below $7,400 and it declined close to the $7,260 support area. Earlier, there was a break below a contacting triangle with support near $7,500 on the hourly chart of the BTC/USD pair (data.
Bitcoin may be facing new local lows and fighting to stay within a bullish long-term trend, altcoins like Ethereum and Ripple have fallen into the negative for the year, showing extreme weakness compared to the leading cryptocurrency by market cap.
Bitcoin price reversed its losses and settled above $7,000 against the US Dollar. The price rallied close to the $7,500 resistance area, where sellers emerged. Earlier, there was a break above a key bearish trend line with resistance near $6,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Bitcoin’s bullish response to its capitulatory overnight drop to lows of $6,400 has now resulted in the cryptocurrency incurring a significant amount of bullish momentum that has allowed BTC to break back into the $7,000 region.
Sorry bulls, bears won’t give you any reprieve. On Tuesday, Bitcoin (BTC) continued to tank, perpetuating a downward trend established on Monday after the cryptocurrency fell from $7,150 to $6,800 in the span of a few minutes.
Ripple price is down close to 6% and it broke the $0. 2050 support area against the US dollar. The price is likely to continue lower below $0. 2000 and $0. 1980 in the near term. Earlier, there was a break below a couple of bearish continuation patterns with support near $0.
Ether price needs to break above the long term descending trendline and stiff resistance at $150 in order to break the multi-week pattern of lower highs
A popular analyst, using technical analysis tools, says that in the coming days, bitcoin may break up to $ 9400. Based on the graph of bitcoin prices, the analyst The Cryptomist concludes that in the coming days it can grow significantly.
Bitcoin price is trading nicely above the $7,260 support area. BTC to USD seems to be setting up for a strong rally above the $7,460 and $7,500 resistance levels. Key Takeaways: BTC/USD Bitcoin price is trading with a positive bias above the $7,260 support area against the US Dollar. BTC/USD is trading below the $7,430 […]
The MATIC network has been one of the best performers in November, having more than doubled its value from the low of $0. 0131 reached at the beginning of November. This increase has been especially pronounced when looking at the Bitcoin (BTC) pairing since BTC has been gradually decreasing.
After making a strong attempt to break above $8,000 yesterday, Bitcoin (BTC) lost the momentum that it had been gaining over the past couple of days and has begun to descend back down towards the lower-$7,000 region.
На 3-дневном графике биткоина сформировался паттерн «молот», свидетельствующий в пользу бычьего разворота в краткосрочной перспективе, но цене необходимо закрепиться над $7380, считает аналитик Омкар Годбоул.
На 3-дневном графике биткоина сформировался паттерн «молот», свидетельствующий в пользу бычьего разворота в краткосрочной перспективе, но цене необходимо закрепиться над $7380, считает аналитик Омкар Годбоул.
Bitcoin (BTC) has been caught in the throes of immense volatility over the past several days and weeks, with the cryptocurrency recently dropping to lows of $6,500 before posting a sharp bounce to $7,400.
Much to the chagrin of Bitcoin’s bulls, the cryptocurrency has remained in a firm downtrend over the past several weeks, which has now resulted in BTC pushing up against its key near-term support level, with a break below this price opening the gates to significantly further losses.
The recent plunge in the crypto markets has pushed Bitcoin (BTC) to a “make or break” point — the 21-month simple moving average, which sits in the high-$6,000s at current. As analyst Byzantine General recently pointed out in a recent tweet, this level has been the point at which BTC has bounced in two previous.
Число торгуемых на Bakkt месячных фьючерсов обновило исторический максимум на отметке в 1863 BTC ($13,4 млн). BREAK: Bakkt volume at new all time high 🚀 Today’s volume so far: 1863 BTC ($13.
After a brief period of consolidation, Bitcoin has once again made another downwards movement that has led it below its previous support level at $8,000. This latest bout of downwards momentum has opened the gates for significantly further losses, assuming bulls don’t step up and propel BTC higher.
The Stratis price has been trading inside of a range for the past 104 days. We believe it is likely to break out and reach the resistance area at 6100 satoshis. Since reaching a high in May 2017, the STRAT/BTC pair has decreased by a massive 99.
After initiating a downward move on November 18, the Bitcoin price has been trading inside of a symmetrical triangle. This is a likely continuation pattern, out of which BTC will likely break down and reach the support area at $7900-$8000.
Bitcoin (BTC) has continued to consolidate around its key near-term support at $8,000 and both its bulls and bears have remained deadlocked as it fails to gain any decisive momentum in the time since its recent drop down to its current price levels.
Bitcoin’s recent drop to the low-$8,000 has sent bearishness echoing across the aggregated market, leading major altcoins like Ethereum to post relatively large losses. ETH, which was testing an upwards break above $190 prior to BTC’s drop, is now trading below a key support level.
China-based cryptocurrencies surge as bitcoin consolidates. If volume picks up, BTC could break above $9,700. One of the most prominent analysts in the industry shares his views on the pioneer cryptocurrency for this week.
Another week, another round of Crypto Tidbits. The past seven days were rather painful for Bitcoin (BTC), with the leading cryptocurrency tumbling by some 4% according to Coin360. Altcoins have posted similar losses.
Bitcoin (BTC) has continued inching lower following its recent bearish break below $9,000, which points to the possibility that bears are building strength as bulls fail to propel the crypto while it trades just a hair above its key near-term support level.
After consolidating above $9,000, bitcoin declined heavily against the US Dollar. The price is currently trading in a bearish zone, with a close below $9,000 and $8,920. There was a break below a major contracting triangle with support near $9,180 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
Weiss Crypto ratings recently suggested that Cardano (ADA) has performed admirably in solving safety and liveness issues, doing so in a much better fashion than Ethereum. Nevertheless, the foundation was recently entangled in a controversy, when a debit card was announced, called “Cardano Gold”.
Bitcoin and the aggregated crypto markets have been caught in a firm bout of sideways trading for the past couple of weeks, with BTC trading firmly within a long-established trading range between $9,000 and $9,500.
During our last market outlook, cryptocurrency prices had found new foundations after the massive rally on Friday, October 25. Since then digital currency prices have been meandering roughly in the same positions after coins like BTC failed to break upper resistance on various occasions.
Once again, fintech giant Square has shocked the Bitcoin industry with its latest earnings report; the company’s flagship product, the Cash App, sold $148 million worth of BTC in fiscal Q3 of 2019.
The Bitcoin (BTC) price is once again in a lull-like state, having seen barely any bouts of volatility over the past few days. Due to this, trend indicators have begun to tighten, as has volume, signaling to many that volatility is inbound.
Bitcoin price is holding a couple of important supports near the $9,200 level against the US Dollar. The price is likely to accelerate gains if there is a clear break above the $9,400 and $9,500 levels.
Bitcoin price is holding a few key supports such as $9,140 and $8,950. BTC to USD might start a strong upward move if it clears the $9,350 resistance area. Key Takeaways: BTC/USD Bitcoin price is showing a few positive signs above the $9,140 support area against the US Dollar. BTC/USD is facing hurdles near $9,300 […]
Cryptocurrency prices rebounded on Saturday, with Bitcoin moving above $97,500 and the market cap of all tokens soaring to $3. 25 trillion. The crypto fear and greed index exited the fear zone and moved neutral at 43.
Scaling Ethereum's L1 could enhance security and resilience, ensuring robust decentralization amid growing L2 reliance and potential centralization risks.
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The cryptocurrency market showcased a mix of gains and losses on February 14, with fluctuating price movements following the release of key US economic data. While Bitcoin (BTC) managed to hover around the $97K level despite slight turbulence, Ethereum (ETH) hovered near $2,700.
The Ethereum Foundation's DeFi engagement may reshape its financial strategy, but staking could challenge its neutrality in future forks.
The post Ethereum Foundation to explore staking after allocating 45,000 ETH to DeFi appeared first on Crypto Briefing.
BlackRock, крупнейшая в мире инвестиционная компания, заявила, что BTC теперь можно рассматривать как «безрисковый» актив, аналогичный традиционному золоту. Стоит отметить, что до сих пор многие инвесторы рассматривали криптовалюту в целом как довольно нестабильное вложение.
The Chicago Board Options Exchange (Cboe) has filed a Form 19b-4 with the US Securities and Exchange Commission (SEC) to introduce staking capabilities for the 21Shares Core Ethereum ETF (CETH). This application, if approved, would mark the first instance where an Ethereum ETF in the US includes staking, allowing investors to potentially earn additional returns […]
Key Takeaways: Bitcoin and Ethereum ETF holdings of Goldman Sachs increased drastically. This is an indication that the traditional financial institutions see crypto as essential. Even though traditional finance initially
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