Day: April 8, 2019

Repeating Fibonacci Cycles Could See Bitcoin Hit $7,500

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Patterns are everything and market analysts are constantly scanning charts, both current and previous, for patterns and cycles that could indicate where prices may go next. Bitcoin fervor has hit a new 2019 high over the past few days as BTC finally broke its long term resistance and surged upwards. Where it will go next is the question everyone wants an answer to. Fibonacci Could be Key Fib retracement levels are one of the most popular tools that traders use to determine entry and exit points as they serve as…

Ethereum Fundamentals Strong, But Analyst Warns Of ETH Pullback

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Ethereum Sees Monumental Fundamental Growth According to Anthony Sassano, an Ethereum (ETH) fanatic and industry content creator, recently revealed that by many measures, his favorite blockchain is doing just fine. Inspired by a similar chart from Kevin Rooke, Sassano compared Ethereum’s fundamentals to those seen on May 22nd, 2017, when ETH surpassed $150 last. And taking one glance at the chart below, it is clear to see that there are dramatic differences. Unique addresses, active addresses, transaction count, and network utilization are all parabolically higher than they were just two…