The Simple Reasons Why This Trader is Cautious of Ethereum

Ethereum, like Bitcoin, is currently trading at the lower boundary of its long-established trading range The cryptocurrency does appear to be positioned to see a breakdown below this range, but whether or not this takes place will likely depend on Bitcoin One analyst is now growing increasingly cautious on ETH, explaining that massive spikes in miner outflows for the cryptocurrency signal that a large drop could be imminent This also comes as the China-based PlusToken […] дальше »

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History Shows Bitcoin Could Reel To $5,000 Before Next Bull Run Starts

Bitcoin’s long-held bout of sideways trading may soon be coming to an end, as the cryptocurrency is currently flashing signs of overt weakness as it hovers around the lower boundary of its long-held trading range. дальше »

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Ethereum’s Strength Degrades Following Rejection at $250; What Comes Next

Ethereum has flashed signs of technical weakness overnight following a harsh rejection at $250 This level marked its high-time-frame resistance, and its inability to break above it seems to elucidate underlying weakness amongst its buyers Analysts are noting that it could be poised to continue pushing higher despite this latest setback There is one crucial level that it is trading just a hair above that could invalidate this potential rebound Ethereum has flashed signs of […] дальше »

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Bitcoin Sees Major Weakness as “Nasty” Technical Pattern Emerges

Bitcoin faced a harsh rejection at $9,800 yesterday that has since caused it to form a strong short-term downtrend. This has led it back to the lower-region of its long-held trading range BTC does appear to be technically weak at the moment, as buyers are struggling to guard against the heavy selling pressure that was incurred at this level One “nasty” technical pattern could now be flashing If history repeats itself, this pattern could result […] дальше »

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Bitcoin Flipping One Crucial Level into Support Could Spark a Wild Bull Trend

Bitcoin has been able to maintain the gains it posted yesterday after it saw a sharp rally that led it up to highs of $9,800 from its recent lows of $9,200 This movement was unexpected, and certainly boosted the crypto’s bull case That being said, BTC still remains firmly within its long-held trading range Whether or not it is able to sustain this momentum may be dependent on if it is able to flip a […] дальше »

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Why Zilliqa (ZIL) could be among the top 30 coins before the end of the year

Zilliqa is one of the digital coins having a wonderful tie this year. The coin has also been one of the fast-rising altcoins and is currently ranked the 44th most valuable cryptocurrency with a market cap of $202,594,223 and a daily trading volume of over $94 million. дальше »

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‘Big Win’: Digibyte Soars On The Back Of Long-Awaited Binance Listing

Digibyte price has surged 25% today following its listing on Binance. Binance announced it was listing the 35th largest cryptocurrency by market cap only a few hours ago. In an official announcement, the exchange said it would open trading for DGB/BTC, DGB/BNB, and DGB/BUSD trading pairs on 2020/06/22 2:00 PM (UTC), and traders could start […] дальше »

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Ethereum Smashes Heavy Resistance: Here’s What Could Propel it to $250

Ethereum is up around 2% and it broke the $232 resistance against the US Dollar. ETH has likely moved into a positive zone and it could continue to rise towards $240 or even $250. Ethereum is slowly gaining bullish momentum above the $232 resistance The price tested the $235 resistance and trading well above the […] дальше »

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Ripple (XRP) Lack of Bullish Momentum Could Derail Its Recovery To $0.20

Ripple is slowly correcting higher above the $0. 1850 level against the US Dollar. However, XRP price must break the $0. 1880 resistance and the 100 hourly SMA to start a strong upward move. Ripple is still trading in a bearish zone below $0. дальше »

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3 Key Reasons Why Bitcoin Price Could Surge Above $9,500

Bitcoin is trading nicely above the $9,300 and $9,220 support levels against the US Dollar. BTC is likely to continue higher towards $9,500 and $9,800 as long as it is above $9,220. Bitcoin is forming a strong support base above the $9,220 support zone. дальше »

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These 3 Simple Factors Have Caused Traders to Flip Bearish on Bitcoin

Bitcoin could be coiling up to make a massive bear-favoring movement in the days and weeks ahead. This weakness could mark a resolution to the multi-week trading range that it has been caught within, potentially causing investors to see intense losses in the weeks ahead as some analysts set downside targets within the $7,000 region. […] дальше »

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Bitcoin to Correct Throughout Summer Months as Analysts Eye Major Downside

Bitcoin’s consolidation phase has persisted, with the cryptocurrency continuing to trade sideways as it hovers around $9,360 The cryptocurrency has struggled to garner any notable momentum, showing some signs of weakness as it continues trading around the lower boundary of its range It does appear that it could be poised to see further near-term weakness due to it forming a weak technical structure This could spark a correction that causes it to decline throughout the […] дальше »

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Ethereum’s Reaction to This Crucial Support Level Will Determine its Fate in 2020

Ethereum has seen some lackluster price action in recent times, largely facing sideways trading similar to that incurred by Bitcoin and the entire crypto market It has posted some signs of weakness throughout the past several hours due to it dipping below its well-established trading range This has led it down to what analysts are describing as a “crucial level,” and its reaction here could determine its fate in the months ahead One venture capitalist […] дальше »

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60% of Bitcoin Options Open Interest Expires in 6 Days; Will Fireworks Ensue?

The crypto market has continued extending its long-held consolidation phase, with this sideways trading largely coming about as a result of Bitcoin’s lack of momentum Analysts are now noting that it may persist further in the near-term, as there are no immediate catalysts for momentum One factor that could lend itself towards shifting this trend is the expiry of 60% of all Bitcoin options next week Close to $1 billion in contracts are expiring on […] дальше »

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Analyst: Bitcoin Could Continue Flatlining as it Gears Up for Explosive Volatility

Bitcoin’s unrelenting trading range has offered investors few insights into its near-term trend This range has persisted since the start of May, and isn’t showing no signs of letting up anytime soon Overnight sellers did attempt to shatter the lower boundary of this trading range, although this was quickly reversed by ardent buyers who have since pushed it back to $9,400 It now appears that this consolidation trend could extend even further The resolution to […] дальше »

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Two Bullish Continuation Patterns That Could Lead to Breakouts

The prices of both BEAM and LTO are trading inside bullish continuation patterns, which suggest that a breakout will soon occur. Beam (BEAM) The BEAM price began an upward move on May 15 and has been increasing since. дальше »

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Impending Bitcoin Breakout Could Take Price Back Over $10,000

The Bitcoin price experienced a relatively volatile trading day on June 17, initially decreasing considerably to reach a low of $9,236. However, the lower prices were bought up, creating a long lower-wick in the process. дальше »

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This Silver Fractal Suggests Bitcoin Could Soon See a Parabolic Rally

Bitcoin’s well-established consolidation trend is showing no signs of ending anytime soon, as the crypto is still hovering within the mid-$9,000 region Each attempt to break above or below the upper and lower boundaries of its current trading range have been unsuccessful There is, however, one fractal pattern that bodes well for the crypto’s bulls One analyst is pointing to similarities between previous silver price action and Bitcoin for insights into where the benchmark digital […] дальше »

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CFTC Chairman: US Must Lead the World in Crypto With Less Restrictive Rules

The chairman of the Commodity Futures Trading Commission (CFTC) has called on other regulators to establish a framework for sound crypto regulation. He believes that the U. S. must lead in the crypto field and “applying overly prescriptive rules could stunt the development of this important market. дальше »

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A Bitcoin Breakout could Carry BTC to a Crucial Resistance Level

The Bitcoin price has been gradually increasing since it reached a low of $8,910 on June 15. It is currently trading inside a symmetrical triangle, out of which a breakout is expected. After creating a bullish hammer with significant volume on June 15, the Bitcoin price has created another bullish candlestick, albeit much smaller and […] The post A Bitcoin Breakout could Carry BTC to a Crucial Resistance Level appeared first on BeInCrypto. дальше »

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STEEM and OMG Could Soon Resume Their Upward Trend

Steem (STEEM) and OmiseGO (OMG) are both correcting inside reversal patterns, a breakout from which would indicate that they’re ready to resume their previous upward trend. Steem (STEEM) Since the beginning of March, the STEEM price has been trading above the 2080 satoshi support area, with the exception of a 10-day period in May. дальше »

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South Korea Could Tax Cryptocurrency Trading Profits from 2021

The South Korean government has decided to tax profits on cryptocurrency trading, which could take effect from 2021.   Capital Gains Tax on Crypto Trading According to a report from News Asia on Thursday (June 11, 2020), cryptocurrency traders in South Korea could be taxed capital gains on their crypto trading activities come 2021. дальше »

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XRP Has Been Setting Lower Highs for 886 Days; Why Analysts Expect More Weakness

XRP has been severely underperforming the aggregated crypto market throughout 2020 The crypto is now on its 886th day of selling lower lows Analysts do not believe that this trend is going to alleviate anytime soon, as there are other signs of weakness that it has been flashing in recent times One veteran trader even noted that it could soon plummet another 30% against its BTC trading pair XRP has been struggling to garner any […] дальше »

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Bitcoin’s Consolidation is Likely to Lead it to $9,200 Next; Here’s Why

Bitcoin has continued consolidating following a bout of intense volatility yesterday that sent it into the $10,000 region This movement was short-lived, and the tap of this resistance level was once again followed by a firm rejection Analysts are now noting that the cryptocurrency is growing weaker as it continues trading beneath its resistance This could open the gates for BTC to post some notable losses in the days and weeks ahead, with one analyst […] дальше »

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Ethereum Makes Yet Another Breakout Attempt

The Ethereum price is trading inside a vital resistance area. A breakout above could trigger a rapid price rise. However, the price has been showing signs of weakness lately, making a rejection more likely. дальше »

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Trading Legend Peter Brandt Believes XRP Could Soon Tank to This Level Against Bitcoin

Ripple Labs has blown the wad allocated to support the XRP price, according to prominent chartist Peter Brandt дальше »

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Ethereum is Coiling Up to Make a Big Movement; Here’s Why it May Favor Bears

Ethereum, like Bitcoin, has been caught within a long-held bout of sideways trading over the past week This consolidation has made it increasingly unclear as to which direction it will trend next It has largely come about as a result of the lackluster price action seen by Bitcoin in recent times Analysts do believe that ETH could be poised to see some notable downside if it is unable to push higher in the days and […] дальше »

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Bitcoin Cash analysis: range-bound for below $260

Bitcoin Cash is trading sideways below $260, but a break above this level could...

The post Bitcoin Cash analysis: range-bound for below $260 appeared first on Coin Journal.

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Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses

A loophole in the U. S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U. дальше »

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Fund Manager: Crypto Could Soon Rally 4,000% to a $10 Trillion Market Cap

Bitcoin and other top crypto assets are trading far from their all-time highs. According to data from TradingView, BTC is trading more than 50% below its all-time high, while Ethereum is down nearly 85%. дальше »

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Bitcoin’s Short-Term Move Could Determine Its Long-Term Trend

The Bitcoin price bounced at the $9,450 support area on June 7 and has been increasing since. While the price is trading inside a resistance area, an increase above would likely trigger a rapid move upwards. дальше »

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BitMEX Open Interest Collapses Following $25m Bitcoin Liquidation Spree; What This Means

Bitcoin’s recent volatility has led open interest on trading platforms like BitMEX to plummet This has come about amidst a bout of choppy price action, which has led to a massive amount of position liquidations amongst margin traders It is possible that these liquidations are causing more and more traders to move to the sidelines This could lessen BTC’s day-to-day volatility and help it push past $10,000 Bitcoin has seen some volatility in recent times, […] дальше »

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This Historical Pattern Shows Bitcoin Could Be Weeks Away From $75,000

Bitcoin has been trading sideways for the past month and was rejected from the $10,000 resistance level again. There is obviously a lot of uncertainty in the market, however, it’s important to remember that Bitcoin is one of the few assets that managed to recover entirely from the massive crash on March 12 due to […] дальше »

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These Simple Factors Suggest Bitcoin May Soon See a Massive Plunge

Bitcoin has once again extended its long-held bout of sideways trading, as it has now been hovering around $9,700 for the past few days The crypto did decline to lows of $9,400 this weekend, but buyers quickly absorbed the selling pressure that was driving this movement It now appears that there are some factors that suggest a downside movement could be imminent If these factors are enough to shatter a key trendline Bitcoin bulls have […] дальше »

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Bitcoin gears up for a push above $10,500

With price trading above $9,700, Bitcoin’s next uptrend could push it over major resistance...

The post Bitcoin gears up for a push above $10,500 appeared first on Coin Journal.

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A Key Trend is Forming For Ripple (XRP) and a Swift Rally Could Occur

Ripple is currently consolidating above the $0. 2000 support against the US Dollar. XRP price is likely to start a strong increase above $0. 2100 as long as it is above the 100 SMA (H4). Ripple price is currently trading nicely above the main $0. дальше »

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Analysts Are Fearing an Ethereum Correction: Here’s How Fall It Could Fall

Ethereum has been on an impressive rally over the past month. The leading altcoin is trading up more than 16% in the past month, as per data from crypto market site Coin360. com. Over that same time frame, Bitcoin dropped by 4%, while certain altcoins like XRP and BSV plunged by nearly 10%. дальше »

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Bitcoin at Grave Risk of Cratering to $7,400 as it Taps Multi-Month Trendline

Bitcoin is flashing some signs of weakness as it navigates towards the lower boundary of a trading range that has been firmly established over the past couple of weeks The crypto’s current weakness comes after a failed attempt by buyers to propel it towards $10,000 This decline has also led BTC down to a multi-month ascending trendline that has been guiding its price higher If it breaks below this level, analysts warn that it could […] дальше »

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Could Bitcoin Trading Volume Really 100X in Four Years?

How likely is it that Bitcoin trading volumes will top $1 trillion a day by 2025?

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Exponential Growth: Bitcoin’s Trading Volume Could Rival Major Asset Classes

Bitcoin’s trading volume has experienced exponential growth which could reach levels similar to major asset classes, according to a new report by Coin Metrics. The cryptocurrency’s daily volume could exceed that of all U. дальше »

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Correction Inevitable? Bitcoin Paints a ‘Shooting Star’ Pattern on Key Timeframes

The new weekly and monthly Bitcoin price candle kicked off with a powerful move to the upside, but yesterday was rejected with force. Although it is extremely early in each trading session, the recent price action has left behind a Shooting Star doji on weekly and monthly timeframes, which could signal that a larger correction... дальше »

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Here’s Why Bitcoin’s Outlook Remains Bleak as Long as It Trades Below $10,500

Bitcoin saw a sharp and unexpected rally past $10,000 yesterday that caught sellers off guard This movement allowed the benchmark crypto to rally to highs of $10,400 before it lost its momentum and declined back to the lower five-figure price region The cryptocurrency now appears to be trading at a pivotal point, and analysts are noting that it could still see further downside in the days and weeks ahead There is one level that, if […] дальше »

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Prescient Analyst: Why Bitcoin Breaking Out Of Range Will Spark $12K Bull Run Within A Month

Bitcoin’s current price is a far cry from the $20,000 registered during the late 2017 crypto bull market. But, this has not made the asset’s investors any less bullish. One popular analyst recently noted that BTC could explode in the coming weeks should it break out of a trading range. His analysis is especially noteworthy […] дальше »

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This Technical Pattern Signals Bitcoin is About to Explode to $12,000

Bitcoin saw a sharp overnight rebound that allowed it to reclaim its position within the mid-$9,000 region This came about after a period of weakness as it traded within the lower $9,000 region It now appears that the crypto’s recent volatility has allowed it to form an incredibly bullish technical formation If it posts a breakout of this formation, the crypto could soon be trading at fresh yearly highs of around $12,000 Bitcoin and the […] дальше »

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Ripple Exec: XRP’s low fees, reliability, and speed make it ideal for arbitrage trading

Recently, Breanne Madigan, head of global institutional markets at Ripple, explained how XRP could be a well-suited means for arbitrage trading: XRP as we now know it first saw the realm in 2013. Although the company itself, Ripple Labs, Inc. дальше »

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Ethereum Rallies Above $220 And Likely To Continue Higher To $240

Ethereum is up more than 8% and it broke the key $215 resistance zone against the US Dollar. ETH price is trading nicely above $220 and it could continue to rise above $230. Ethereum is showing a lot of positive signs and it rallied above $215 and $220. The price is likely to continue higher... дальше »

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Why Bitcoin’s Next Major Retracement Could Be Months Away

Bitcoin has been in a strong uptrend for around 2 months but has been stalling recently. The digital asset is currently ranging between $9,000 and $10,000 while its trading volume continues shaking every day. дальше »

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Ethereum (ETH) May Be Forecasting 50% Drop Against Dominant BTC

For over two years now, Bitcoin has been outperforming altcoins like Ethereum and others. BTC dominance has continued to climb as a result. However, Ethereum may be forecasting another 50% drop on the ETHBTC trading pair that could bring dominance back to pre-bubble levels. дальше »

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Ethereum Seems Resilient Above $200: Here’s Strong Case For Rally To $250

Ethereum is trading nicely above the $192 and $200 support levels against the US Dollar. ETH price could start a strong rally if it clears the $210 and $215 resistance levels. ETH price is showing positive signs above $200 pivot level against the US Dollar. дальше »

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XRP Could Soon Trap Bulls; Here’s How Low Traders Think It Could Decline

XRP, like most other altcoins, has been caught within a bout of sideways trading throughout the past several days and weeks The cryptocurrency’s rangebound trading may not last long, however, as analysts are now noting that it could be poised to see some major downside in the days and weeks ahead Its next notable decline could be sparked by a bull trapping movement higher Some analysts are even pointing to a fractal that suggests new […] дальше »

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