While Bitcoin saw a stellar 2019, gaining around 90%, Ethereum suffered. The second-largest cryptocurrency, which was one of the best-performing assets in the 2017-2018 bull cycle, actually posted a negative performance in 2019, shocking investors across the board and contributing to a strong altcoin decline. Despite this, analysts are getting on the digital asset, seemingly indicating that it will have a much better year than last. Related Reading: Here’s Why Wall Street Veteran Thinks Bitcoin Isn’t a Viable Money, Yet Ethereum Preparing to Break Higher, Analysts Assert Cryptocurrency trader Polar Hunt…
Day: January 27, 2020
Bitcoin Price Blitzes the $8.5K Resistance as Bulls Target $8.8K
As the weekly close approached, Bitcoin (BTC) price gained above $8,500 after spending the previous day trading in the $8,200 to $8,300 range. At the time of writing, bulls are attempting to push through the $8,500 to $8,650 resistance zone in order to inch toward a daily lower high at $8,800. Bitcoin daily price chart. Source: Coin360 Earlier in the day Cointelegraph contributor Scott Melker spotted the bullish development on the hourly timeframe when he tweeted the following chart and said: “Local double bottom breakout. Bottom reversal pattern.” BTC USD…