Bitcoin Fractal Suggests Ethereum Will Soon See Large Leg Higher

Bitcoin has strongly outpaced Ethereum in the past month. In the past 30 days, BTC has gained approximately 50% as ETH has only rallied by 20-30%. Analysts think that this gap will be closed in the months ahead as Ethereum is boosted higher by technical and fundamental trends. дальше »

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Bitcoin whale clusters signal $14.9K is the crucial level for BTC to hold

Bitcoin whale clusters show that $14,914 is critical for the ongoing rally to see continuation.

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Bitcoin Is Primed to See 10% Jump, Says Analyst Who Called V-Shaped Bounce

Bitcoin has faced a retracement since hitting the highs of $15,975 last week. BTC currently trades for $15,400. Analysts remain confident in the short-term prospects of Bitcoin. The same trader that in the middle of March predicted that Bitcoin would see a strong V-shaped reversal to $10,000 by May or June is bullish. дальше »

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Ethereum “Crashes Heavily” Against BTC as Market Faces Strong Pullback

Ethereum has been severely underperforming Bitcoin as of late, which has led the ETHBTC trading pair to see immense weakness It is currently plunging lower as Bitcoin’s $13,800 rejection sends shockwaves throughout the market Although it has reached its first key support zone, weakness seen by both BTC and ETH individually will likely drag it significantly lower in the near-term This weakness can only be reverted if bulls step up and propel both the cryptocurrencies […] дальше »

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Large Bitcoin Holders Just Moved 80,000 BTC; Analysts Grow Cautious

Bitcoin is in the process of testing its 2020 highs again as bulls attempt to take the reins and guide it to see further upside It has been struggling to gain any serious near-term momentum due to the selling pressure at $13,200, but once broken, it could rally towards $14,000 Despite its overt bullishness at the present moment, there are a few bearish signs that may indicate that a selloff is brewing One analyst is […] дальше »

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Interest in DeFi Falls to Pre-Mania Level, Uniswap Volume on a Decline Despite CEX’s Issue

The DeFi market continues to see strong growth, with the total value locked (TVL) in the sector above $11 billion. While a record of almost 160k BTC is locked in DeFi, the locked Ether is also approaching the peak at 8. дальше »

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$700: Analysts Expect Ethereum to See a Massive Surge as ETH 2.0 Rollout Nears

Ethereum has been closely tracking Bitcoin over the past few days and weeks This has caused the cryptocurrency to see some turbulence as of late, with news regarding the OKEx founder being arrested sending BTC and ETH reeling lower This decline was short-lived, and bulls were able to rapidly step up and begin absorbing this selling pressure Analysts are now noting that upside could be imminent for the market, and ETH could see some serious […] дальше »

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Bitcoin’s 60-day Volatility Plunges to Historic Lows as Consolidation Persists

Bitcoin’s volatility has been diving as of late, with the benchmark cryptocurrency seeing multiple prolonged bouts of sideways trading. Last week, BTC did see some turbulence that caused its price to rally from lows of $10,400 up to highs of $11,700. дальше »

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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 […] дальше »

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Ethereum is About to Rocket Higher as Bulls Break Multiple Key Levels

Ethereum’s price has been moving in lockstep with Bitcoin’s throughout the past few days Although this previously caused it to see a prolonged period of boring and lackluster price action, it eventually worked in ETH’s favor The cryptocurrency is now rallying higher and approaching its crucial $380 resistance as buyers take full control of its short-term price action The ongoing upswing is significant, as it has allowed both ETH and BTC to shatter the selling […] дальше »

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Ethereum Primed to See Further Short-Term Losses Toward $300

Ethereum has dropped in tandem with Bitcoin over the past few days. The leading cryptocurrency fell as low as $330 while BTC slipped to $10,400. While Ethereum has since recovered from those lows to $345, the coin is expected to resume its move lower. дальше »

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Bitcoin’s Network Momentum Has Stalled—Why It’s Not the End of the World

Bitcoin’s network momentum, a metric that tracks on-chain volume, has stalled in recent months. Some see this trend as a concerning sign for BTC’s long-term trend. This may not be a concern as there are certain trends suppressing the metric, analyst Willy Woo says. дальше »

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Ethereum to Hit $240 as Analysts Claim Market Structure Looks “Abysmal”

Ethereum’s price action has been strikingly similar to that of Bitcoin, and the crypto has been unable to garner any independent momentum This has led ETH to consolidate between $340 and $360 throughout the past couple of days Its reaction to any signs of weakness from BTC has been quite pronounced, which could mean that it will see an extreme reaction to any Bitcoin downturn Analysts are now noting that Ethereum’s market structure looks “abysmal” […] дальше »

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Analyst: Bitcoin Stability Could Help Launch Altcoins Higher in Q4

Bitcoin’s price action has been creating significant fear amongst investors, with analysts and traders widely expecting it to see downside once its ongoing consolidation phase ends. This fear is clearly seen while looking towards BTC’s funding rates, which are extremely negative at the moment as demand for short positions rockets higher. Much of this sentiment […] дальше »

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Bitcoin Exchanges See Decline in BTC Balance, New Entities Scoop ‘Coins’

Spot exchanges are seeing a significant decline in Bitcoin (BTC) balances, indicating the entry of new buyers. Several factors appear responsible for the spike in new activity. However, the bitcoin price action continues to remain locked in a sideways accumulation pattern. дальше »

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Bitcoin whale clusters pinpoint critical levels BTC must hold to rally

Whale clusters show three critical support levels Bitcoin must protect in order to see a larger rally in the near term.

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Bullish for Bitcoin: Data Reveals Spike in Activity from New BTC Investors

Bitcoin’s price action hasn’t been providing investors with many insights, as it has primarily stagnated as it trades around $10,700 The cryptocurrency market is currently resting on the edge of a blade as investors closely watch to see where BTC may trend in the near-term One trend that seems to point to underlying bullishness is a spike in activity seen amongst new market participants While speaking about this, one on-chain analyst said that this spike […] дальше »

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Bitcoin Could See an Accelerated Decline to $9,500 if It Breaks One Key Level

Bitcoin’s price has been largely stagnant over the past couple of days, with its recent uptrend stopping short of leading the cryptocurrency up to highs of $11,000 BTC has been able to maintain the bulk of its recent gains despite the selloff seen yesterday afternoon This selloff caused it to wick as low as $10,500 on some exchanges, but the decline was fleeting and followed by a strong rebound Although Bitcoin has been consolidating ever […] дальше »

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Bitcoin to Hit Critical Support Level as Analysts Eye Drop to CME Gap

Bitcoin’s price is currently plunging, with the growing sell-side pressure coming from a combination of technical uncertainty, weakness in the stock market, and strength in the US Dollar BTC’s recent inability to break above $11,000 may also be one factor behind this recent turbulence, as it elucidated underlying weakness amongst bulls One trader, in particular, is now noting that he is expecting the crypto to see some serious near-term downside He is setting his sights […] дальше »

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Analyst: Bitcoin May First Tank to $9,700 Before Rallying to Fresh Highs

Bitcoin bulls and bears are currently deadlocked as the cryptocurrency trades around $11,000 This price region has proven to be heavy resistance for BTC in the past, and whether or not it can be surmounted in the coming day or so should provide insight into the strength of BTC’s bulls A rejection here could cause it to see some notable downside in the near-term, sending shockwaves throughout the entire cryptocurrency market One analyst is noting that […] дальше »

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Crypto Analyst Willy Woo Explains Why Bitcoin Is Unlikely To See Any Catastrophic Dump In Price

With the market in flux, Bitcoin analyst Willy Woo tweeted to reassure the crypto community that he believes BTC is in the clear from any huge drops in the near future. After hearing Willy Woo’s take, a twitter user posed a question that Woo appreciates. дальше »

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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 […] дальше »

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Ethereum Posts “Perfect Rejection” at Key Resistance as Traders Target $420

Ethereum has been closely tracking Bitcoin and the aggregated crypto market throughout the past few days This allowed it to garner some strong momentum earlier this week, but has led it to see some notable downside throughout the past 24-hours BTC and ETH both faced strong rejections above their key resistance regions, which has struck a slight blow to their technical outlooks Analysts are now noting that although this rejection seems grim, it may be […] дальше »

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Scarily Accurate Analyst Thinks Bitcoin Will Hold $10,000, Triggering Strong Growth

Bitcoin has flirted with falling under $10,000 multiple times over the past week. If you take a look at BTC’s recent price action, you will see a series of bottom wicks just below $10,000. This shows that Bitcoin traders do not want the leading cryptocurrency to trade under that pivotal support level. By NewsBTC’s count, […] дальше »

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Events Show That Bitcoin (BTC), Gold and S&P 500 Are Positively Correlated

Coinspeaker Events Show That Bitcoin (BTC), Gold and S&P 500 Are Positively CorrelatedThe investors who pump money buying stocks are beginning to see Bitcoin not just as a way to hedge their funds, but as a viable option to grow their funds over time. дальше »

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Price analysis 9/2: BTC, ETH, XRP, LINK, BCH, LTC, BNB, CRO, BSV, ADA

If the bearish patterns on Bitcoin and altcoins complete the current correction could see prices drop to new lows.

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Bitcoin is About to See Strong “Liftoff” if It’s Able to Hold One Crucial Level

Bitcoin price is trading in a bullish zone above the $11,600 support against the US Dollar. BTC is likely to gain strong momentum above $11,800 as long as it is above $11,550. Bitcoin is following a nice bullish path above the $11,550 and $11,600 support levels. дальше »

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Synthetix Founder: There’s a Chance Bitcoin “Barely Moves” in this Bull Market

Bitcoin has seen extreme strength over recent weeks, rallying around 30% in the past month. One pioneer in the cryptocurrency space thinks, though, that BTC may not see a great bout of price appreciation this market cycle. дальше »

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Bitcoin Could Plunge to Sub-$10,000 Before Rocketing Higher; Here’s Why

Bitcoin is flashing some signs of short-term strength as it rebounds from its daily lows This rebound, although strong, has not been enough to send it past any crucial support levels as of yet It also led BTC to see a strong rejection at just below $11,600, which is a sign of weakness behind this movement This rally came about as macro assets responded bullishly to the Fed Chairman’s speech regarding the Fed adopting a […] дальше »

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Here’s the Key Support Bitcoin Must Defend to Avoid Serious Downside

Bitcoin has been struggling to garner any clear upwards momentum throughout the past several weeks This has degraded its technical strength, resulting in it seeing heightened selling pressure Analysts are growing somewhat cautious about the crypto’s near-term outlook Nonetheless, it is essential to note that it remains above multiple crucial levels As such, until these support levels throughout the lower-$11,000 region are broken, BTC may still be well-positioned to see further upside Bitcoin and the […] дальше »

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Bitcoin Difficulty Sets New Record as Miners Enter Bullish Phase

The massive financial overlay undertaken by major Bitcoin (BTC) miners is beginning to yield some significant results with mining difficulty reaching a new all-time high (ATH). The immediate post-halving period did see smaller operations exiting the market with participants moving towards more sophisticated hardware. дальше »

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Why Bitcoin May Need to Test $11,000 Before Climbing Higher

Bitcoin is starting to gain some slight momentum as the cryptocurrency’s price climbs up towards $11,800 This marks a notable surge from recent lows of $11,400 that were set just a few days ago, and it does appear that the crypto is poised to see further upside One factor boosting BTC’s outlook is Ethereum’s intense swing up to highs of $410 In the past, Ethereum has front-run movement seen by Bitcoin and the rest of […] дальше »

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Bitcoin Could See a “Glorious” Bounce Once it Taps This Crucial Level

Bitcoin saw some immense turbulence overnight that caused its price to slide as low as $11,500 This dip was quickly absorbed by buyers, who have since allowed it to reclaim its support at $11,600 The cryptocurrency is now once again consolidating as it hovers within its previous trading range between $11,600 and $12,000 This stability has allowed altcoins to recoup some of their recent losses Analysts are now noting that BTC could be well-positioned to […] дальше »

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Bitcoin’s Cloud Pattern Shows Bears May Still Be in Full Control

Bitcoin and the entire cryptocurrency market are currently bearing witness to relatively mixed price action While BTC has faced some intense selling pressure, it is important to note that bears have not invalidated any of its mid-term market structures As such, it remains well-positioned to see further near-term upside Despite this, one analyst is noting that the cryptocurrency’s cloud formation may spell some trouble for its near-term outlook, as it shows that it is still […] дальше »

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Bitcoin likely to see further pullbacks to $11K

BTC/USD saw candle wipe off $900 after its recent gains to $12,485: analysts say...

The post Bitcoin likely to see further pullbacks to $11K appeared first on Coin Journal.

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Bitcoin ‘Black Thursday’ Repeat Unlikely as Exchanges Have Less BTC

On-chain data suggests Bitcoin price will not see a Black Thursday repeat as the amount of BTC held at exchanges has dropped to a 2020 low. дальше »

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This Bearish Divergence Suggests Bitcoin Will Soon See a $1,300+ Pullback

Bitcoin and the aggregated crypto market are currently caught within the throes of a volatile trading session, with BTC plunging below its key $12,000 support level. The break below this crucial support caused it to plunge as low as $11,600, with bulls stepping up and guarding against a decline beneath this level. Analysts are now […] дальше »

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Traders Beware: Bitcoin Jump to $12K a “Fakeout,” BTC May See Further Losses

Long-time Bitcoin holders have taken advantage of the recent bullish price action to realize profits. Now that prices have retraced, data suggests that further losses are on the way. Bitcoin... дальше »

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Here’s Why Bitcoin May Soon See a Sharp “Downside Flush” Despite Stability

Bitcoin has found some strong stability within the lower-$12,000 region following yesterday’s upswing Analysts are widely confident that it is currently caught within the early stages of its next bull run, which may ultimately lead it up towards its all-time highs Despite getting closer to these highs each week, there may still be some turbulence ahead for the cryptocurrency One analyst is noting that high funding rates for BTC on margin trading platform spell trouble […] дальше »

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Analyst: Bitcoin Could Surge to $17,000 Once This Crucial Level is Broken

Bitcoin has been caught within a bout of sideways trading for the past couple of weeks This has led it to form a relatively wide trading range between $11,200 and $12,200 The crypto’s buyers have been ardently guarding against a dip to below the lower boundary of this range, as a strong upswing follows each visit here Analysts are now noting that BTC may be positioning itself to see significantly further gains in the short-term […] дальше »

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Market Update: BTC Inches Toward $12K, ETH Jumps 12%, Report Says LINK May See ‘Rough Waters’

Digital currency markets have increased significantly in value during the last 24 hours as the market capitalization of all 5,700+ coins is up over 2. 4% on Friday. Bitcoin has been inching toward the $12k region again and ethereum touched a high over $442 a coin during the afternoon trading sessions. дальше »

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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 […] дальше »

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Bitcoin Prone to Seeing Downside as It Trades Below Key Level

Bitcoin and the aggregated crypto market are struggling to extend the mid-term uptrend that has driven them higher over the past few weeks This has come about as BTC pushes up against insurmountable resistance at $12,000 – a level that it has been rejected at on multiple occasions Analysts are now noting that it may require a daily close above $11,900 for it to see further upside that sends it past this price level There […] дальше »

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Boom! Kraken Predicts Imminent Bitcoin Price Rally of Up to 200%

After record strength in the Bitcoin markets at the end of July, Kraken is predicting that BTC could see price gains of up to 200% over the coming weeks and months. дальше »

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Bitcoin Bulls Defend Critical Support; Here’s Where it May Go Next

Bitcoin saw a notable drawdown yesterday that came about after bulls once again failed to break the $12,000 resistance level This led BTC to lows of $11,200 that were ardently guarded by its buyers, and it has since bounced slightly The ongoing bounce likely marks bulls attempt to regain control over the digital asset Analysts are noting that it may be well-positioned to see further upside now that it has confirmed the lower-$11,000 region as […] дальше »

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Bitcoin Could Be On The Cusp Of A Roaring Rally, According To Goldbug Dan Tapiero

Dan Tapiero, the co-founder of Gold Bullion International and founder of DTAP Capital has predicted that bitcoin will see up to 10X returns in the coming years. Tapiero’s optimism comes despite the BTC price recently rejecting the $12K level for the second time in a span of two weeks. Why A Significant Price Surge May […] дальше »

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Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus

Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms. This is part of efforts to raise money to help with the fight against the coronavirus pandemic. Proposed by the country’s Ministry of Economy, the new tax plan requires bitcoin (BTC) miners to first file an application for registration with […] The post Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus appeared first on Bitcoin News. дальше »

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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 – […] дальше »

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BitMEX Leaderboard Trader Fears Bitcoin Could See a Second “Flash Dump”

Bitcoin has slid lower over the past 24 hours as the cryptocurrency failed to surmount $12,000 in the latest leg higher. As of the time of this article’s writing, BTC trades for $11,600 — 5% shy of the local highs. дальше »

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Analyst: Bitcoin May “Teleport” to $13,000 if It Breaks Key Level

Bitcoin is currently caught in an unwavering consolidation phase within the upper-$11,000 region This is where the cryptocurrency has been trading throughout the past several days Unless buyers step up and shatter the resistance that sits around $12,000, the crypto could be poised to see notable losses One analyst is now noting that he is closely watching the price region between $11,800 and $12,000, as a firm close above this level could lead BTC to […] дальше »

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