Altseason Euphoria Grows as Ether-Bitcoin Correlation Drops to 3-Year Low

Altseason Euphoria Grows as Ether-Bitcoin Correlation Drops to 3-Year Low
фото показано с : btcmanager.com

2020-11-26 22:00

As the crypto market appears set to end 2020 on a high, expectation appears to be growing for a possible altseason which could see altcoin tokens return to previous price milestones. This year’s positive price performance has also seen the total market capitalization grow over three times its value at the start of 2020.

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Источник: btcmanager.com

appears market → Результатов: 126


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Analysts Think Ethereum’s Bull Trend is “Just Getting Started” Despite Selloff

Ethereum has plunged today despite the strength seen by Bitcoin ETH’s ongoing descent has sent shockwaves throughout the market, creating a tailwind that has adversely impacted most other altcoins This intense selling pressure isn’t showing any signs of letting up today, but it is important to note that there’s still a chance that an upside movement is brewing One analyst is pointing to ETH’s Renko chart with a Guppy indicator, noting that it appears to […]

2020-10-21 23:00


Bitcoin Will Move Like a “Bulldozer” Once It Gains Momentum, Claims Analyst

Bitcoin’s price appears to have entered yet another consolidation phase as it trades between $11,400 and $11,600 Its present lack of momentum comes close on the heels of the strong move higher that it posted last week The resistance above its current price level is quite intense, and this may mark an attempt from bulls to garner greater buy-side support Where the market trends in the mid-term will likely depend largely on whether Bitcoin’s consolidation […]

2020-10-15 21:00


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Analyst: Breaking This One Level Could Send Bitcoin to $14,000+

Bitcoin’s price has been consolidating in the time following its strong surge up to highs of $11,400 The cryptocurrency has yet to revert any of these gains and appears to be gearing up for another big push higher Where the market trends next will likely depend on BTC, as it has been firmly guiding the altcoin crypto market One analyst is now noting that Bitcoin could soon see a move to over $14,000, but he […]

2020-10-11 19:00


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Bitcoin Shows Remarkable Strength Despite Growing List of Bearish Events

Bitcoin’s price saw a decent recovery following the BitMEX imbroglio yesterday, but the cryptocurrency’s reverted most of these gains overnight due to news of President Trump contracting the lethal virus This news sent shockwaves throughout the traditional markets as well, and appears to be having a trickledown effect on BTC as well as altcoins Where the aggregated crypto market trends in the days, weeks, and months ahead will likely depend largely on the global markets […]

2020-10-3 21:00


DeFi Tokens Take a Beating Amid Cryptocurrency Market Hemorrhaging

A marketwide selloff has accelerated and it appears that DeFi tokens are taking the biggest hits at the moment as many of them retreat further from their all-time highs. Cryptocurrency markets have dumped around $20 billion over the past 24 hours in a fall back to around $315 billion according to TradingView, but it has […] The post DeFi Tokens Take a Beating Amid Cryptocurrency Market Hemorrhaging appeared first on BeInCrypto.

2020-9-22 13:07


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Altcoins Could See “More Blood” as Bitcoin Dominance Reaches Bedrock Support

Bitcoin has been firmly guiding the altcoin market throughout the past week or so, with mid-cap and small-cap cryptos firmly tracking its every move This trend has come about following a period in which these tokens significantly outperformed the benchmark crypto This trend led BTC’s dominance over the aggregated market to plunge lower, and it now appears to have reached a bedrock support level One analyst believes that this support level will allow Bitcoin’s dominance […]

2020-9-15 23:00


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Bitcoin Just Hit a Crucial Trendline; Analysts Expect Imminent Fireworks

Bitcoin and the rest of the crypto market has witnessed some bear-favoring volatility throughout the past few hours This came about following a day of relative stability yesterday, and it appears that Ethereum’s potent decline is creating headwinds for the rest of the market BTC is now trending down near a crucial support level that coincides with a key trendline Analysts believe that a continued bout of trading above this level could be all that […]

2020-8-22 21:00


Bitcoin Forms Higher Lows as Bulls Defend Against Heavy Selling Pressure

It has been a rocky past few days for Bitcoin and the entire cryptocurrency market After first stabilizing above $12,000 for a multi-day period earlier this week, the crypto recently faced an influx of selling pressure that pushed it back below this level It has now entered what appears to be yet another prolonged consolidation phase in the upper-$11,000 region On a positive note, bulls have been able to establish higher lows, while also guarding […]

2020-8-21 21:00


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This Fundamental Metric Suggests Bitcoin is in the Early Stages of a Bull Run

Bitcoin and the entire crypto market was able to see a push higher yesterday afternoon, which came about shortly after Ethereum surged past its near-term resistance level ETH, which was previously stuck below $400, incurred an explosive rally that sent its price racing up to highs of $430 This provided BTC with a slight tailwind, but the benchmark cryptocurrency remains stuck below its $12,000 resistance Despite its technical weakness, from a fundamental standpoint, it appears […]

2020-8-15 21:00


History Suggests Bitcoin Could Soon See a Rapid Rise to Fresh All-Time Highs

The entire cryptocurrency market – including Bitcoin – is currently witnessing some slight downwards pressure that has slowed BTC’s ascent The benchmark cryptocurrency is facing what appears to be insurmountable resistance at $12,000 Each attempt that bulls have made to break through this level has resulted in firm rejections that send its price reeling down towards the mid-$11,000 region Despite showing some signs of weakness, the cryptocurrency remains well-positioned to see further near-term upside – […]

2020-8-12 21:00


A Major Source of Bitcoin Selling Pressure Just Disappeared, Boosting the Bull Case

The PlusToken Ponzi Scheme has long been a thorn in the side of the crypto market It now appears that the ring leaders behind the now-defunct scheme have all been arrested, meaning that they won’t be able to offload their massive crypto holdings Many analysts have pinned major selloffs in previous months on token sales coming from this source Now that this isn’t a factor, the crypto markets may be able to rally with greater […]

2020-7-31 02:00


Bitcoin Just Broke a Descending Trendline from 2017; Is the Bull Market Here?

It has been a wild 24-hours for Bitcoin and the aggregated cryptocurrency market Following a long-held bout of consolidation, the benchmark digital asset is now breaking out and appears to be aiming for a test of its yearly high at $10,500 BTC’s latest break above $10,000 is different from those seen previously and has so far proven to be far more sustainable Analysts are now noting that this movement has also allowed Bitcoin to shatter […]

2020-7-28 21:00


These 4 Factors Signal Bitcoin is Gearing Up for a Breakout Rally

The crypto market is heading into the weekend without any clear momentum, as the past week has been relatively quiet for Bitcoin Many altcoins are still maintaining their firm upwards momentum, although this appears to be slowing down as investors grow more concerned about where Bitcoin may trend next There are four factors that one analyst is closely observing that could provide BTC with better guidance in the near-term This comes as the cryptocurrency continues […]

2020-7-19 19:00


Chainlink (LINK) Enters “Price Discovery Mode” as Analysts Eye Move to $11

Chainlink (LINK) is once again entering another parabolic uptrend, with this one coming about in tandem with the surge seen across the aggregated crypto market. The cryptocurrency’s intense uptrend has allowed it to set fresh all-time highs and comes as many other tokens also flash signs of strength. LINK now appears to be entering what […]

2020-7-9 20:00


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53% of Bitcoin Options Just Expired, Marking a Historic Milestone

Bitcoin and Ethereum just saw their largest respective options expiry ever, marking a major milestone for the cryptocurrency market This expiry took place earlier today and it did not coincide with any intense volatility, despite what some analyst had forecasted It now appears that the volatility associated with this event did occur earlier this week It is possible that the options expiry, and investors’ anticipations about it, helped fuel the recent Bitcoin decline to lows […]

2020-6-27 02:00


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Bitcoin Bulls Flash Signs of Strength as Stock Market Fuels Fresh BTC Uptrend

Bitcoin is showing some signs of strength after it posted a strong rebound from its recent lows set around $9,200 The crypto has since climbed back above $9,400, and appears to be navigating through what has become a heavy resistance level Analysts do believe that the token is poised to see further upside due to a few key factors One such factor would be the ongoing rise seen while looking towards the stock market, which […]

2020-6-23 21:00


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Will Ethereum’s “New Market Cycle” be Enough to Stop it From Plunging Lower?

Ethereum has seen a distinct divergence between its fundamental utility and its price action Despite seeing unprecedented usage rates, the cryptocurrency’s price action has been closely correlated to that of Bitcoin and the aggregated crypto market One prominent investor is now noting that ETH appears to be entering a new market cycle This comes as the explosively popular DeFi trend continues gaining major traction From a technical perspective, some analysts do believe that it may […]

2020-6-22 22:00


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Ethereum Forms Ascending Channel, But Bears Aren’t Out of the Woods Yet

Ethereum, like Bitcoin, has been able to recapture its previous trading range and put some serious distance between its current price and its recent lows The crypto market has been able to see a swift recovery from the overt weakness seen yesterday This, to many bulls, seemed to confirm that the market is well poised to see further upside in the days and weeks ahead In the case of Ethereum, the crypto now appears to […]

2020-6-17 23:00


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Ethereum Likely to Dive Towards $200 as Overnight Selloff Rattles Market Structure

Ethereum has decline today alongside Bitcoin and the aggregated crypto market, breaking below a key support level that was previously being defended by buyers It now appears that ETH could be well positioned to see even further downside in the days and weeks ahead One technical indicator is forecasting that it will plunge to $200 before it is able to garner any notable buying pressure This could lead it to break below a key support […]

2020-6-16 23:00


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Ethereum Forms “Compelling” Bearish Reversal Pattern; Here’s What Could Invalidate It

An overnight decline seen by the aggregated crypto market appears to have bolstered the possibility that Ethereum is forming a potent head and shoulders (H&S) pattern This comes as analysts note that they foresee its recent highs to mark a local top It is important to note that there is one upcoming event that could be a catalyst for further bullishness One trader believes this event will help ETH establish a mid-term uptrend in the […]

2020-6-6 23:00


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Crypto Market in Peril of Seeing Major Downside as Bitcoin Strength Wanes

The entire crypto market is currently consolidating as buyers and sellers reach an impasse following yesterday’s movement It now appears that the market could be positioned to see massive near-term downside due to some warning signs being flashed by Bitcoin If the benchmark cryptocurrency does lead the market lower, altcoins could severely underperform it Bitcoin and the entire crypto market have seen some calmness throughout the past day, struggling to garner any directionality in the […]

2020-6-4 23:00


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This Key Data Metric Shows One Ultra-Bullish Crypto is About to Plunge

There’s no question that Chainlink has been the most bullish cryptocurrency on the market throughout the past couple of years, posting massive gains throughout 2019 and 2020 These gains allowed it to set fresh all-time highs earlier this year, and it now appears to be navigating back towards these highs Its mounting short-term strength, however, may be plagued by a massive influx of LINK into exchanged over the past day This could suggest that traders […]

2020-6-1 23:00


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