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Bitcoin Largely Remains Uncorrelated to Stock Market, Crucial Data Shows

Bitcoin has shown some signs of being correlated to the stock market over the past few months, especially during times of bear-favoring turbulence This correlation, however, does not appear to be as striking as it seems, as data suggests that its macro-correlation to most traditional assets remains incredibly low One analyst explains that it has moved in tandem with other assets during sharp declines due to the crisis nature of some of these selloffs That […] дальше »

2020-6-18 02:00


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Analysts Target a Sub-$200 Move for Ethereum Once it Taps This Crucial Level

Ethereum has been closely tracking Bitcoin’s price action throughout the past several weeks and months The cryptocurrency did recently form an incredibly bearish technical pattern that analysts are still closely watching There’s a strong possibility that the crypto could be positioned to see notable downside in the near-term due to this pattern One analyst is even targeting a movement down to the sub-$200 region This price action could be magnified by a recent surge in […] дальше »

2020-6-15 22:00


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Analyst: If Bitcoin Holds $8,700, the Chances of “Bullish Continuation” Are High

The past few weeks have seen Bitcoin tread on thin ice multiple times: every time the cryptocurrency rallied to $10,000, it snapped lower, often violently. This week’s attempt at the crucial $10,000 resistance was no exception: after temporarily trading above the level for all of 20 minutes, the asset began a precipitous decline. дальше »

2020-6-13 04:00


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3 Crucial Reasons Why Bitcoin Could Soon Surge Higher From $8,500

Over the past few days, Bitcoin has finally stabilized after the strong price crash seen on Sunday through Wednesday that took BTC from $10,000 to $8,400. While some analysts fear that this consolidation is a precursor to another leg lower, referencing the fact that assets never trend in a straight line, there’s a case building that this is consolidation is indicative of a bottom. дальше »

2020-3-2 02:54


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Why Analysts Expect More Upside After Bitcoin Just Broke $10,000 (Again)

Over the past 36 hours, Bitcoin has finally started to show signs of strength after the brutal 10% sell-off earlier this week. From the week’s most traded price at $9,600, the cryptocurrency has pressed higher to $10,000 as of the time of writing this, seemingly to establish a short-term candle close above this crucial psychological level. дальше »

2020-2-24 03:37


Bitcoin's derivatives market: Why Bakkt isn't gaining market share compared to Bitmex, Deribit

The cryptocurrency world had been eagerly waiting for Bitcoin [BTC] to breach crucial resistance at $9.8k and enter the $10k club. Even though Bitcoin's price did surge past the $10k mark, it couldn'tThe post Bitcoin's derivatives market: Why Bakkt isn't gaining market share compared to Bitmex, Deribit appeared first on AMBCrypto. дальше »

2020-2-10 18:00


Bitcoin Price Saturday Spiral Tramples on Short-Term $12,000 Breakout

The bitcoin price abruptly dropped by more than five percent $10,949 to $10,204 in the past 24 hours at a point which technical analysts described as a critical moment for bitcoin. As the bitcoin price initially made its way to $10,900, traders anticipated the dominant cryptocurrency to break out of a crucial resistance level and […] The post Bitcoin Price Saturday Spiral Tramples on Short-Term $12,000 Breakout appeared first on CCN Markets дальше »

2019-9-8 13:48


Newsflash: Bitcoin Price Pierces $10,000 But Analyst Shades ‘Mini-Bump’

The bitcoin price regrouped from its vicious weekend sell-off to recover past the $10,000 mark on Wednesday. Bitcoin Price Recovers to Crucial Psychological Level The dominant cryptocurrency had been in an uptrend for most of the day, and at approximately 10:00 am ET it managed to successfully pierce the $10,000 mark, which is generally considered […] The post Newsflash: Bitcoin Price Pierces $10,000 But Analyst Shades ‘Mini-Bump’ appeared first on CCN Markets дальше »

2019-7-31 17:44


Ethereum May Surge 35% to $200 in Near-Term; What Will Fuel It?

Throughout the past month, the price of Ethereum (ETH) increased from $126 to $140, by more than 11 percent against the U. S. dollar. Similar to how several strategists expect the bitcoin price to increase substantially if it breaks the $4,200 resistance level in the near-term, traders foresee Ethereum rising to as high as $200 if it rebounds over crucial levels. дальше »

2019-3-31 13:29


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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections. дальше »

2019-3-29 02:21