Day: July 12, 2020

Chainlink (LINK) Just Rocketed Past $7: What Analysts Are Saying

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Despite Bitcoin continuing to flatline in the low-$9,000s, Chainlink (LINK) has continued its upward ascent. The leading altcoin just surged past $7.00 for the first time ever just minutes ago, doubling its 2018 high. The Ethereum-based token has seen an influx of buying volume off major platforms. This buying volume has been important as prior to the move above $7.00, there was extremely heavy order book resistance, as noted by a cryptocurrency trader. Chart of LINK’s price action over the past three months from TradingView.com This latest leg higher means…

Ethereum May See Its Most Important Breakout Since 2018: All Eyes on $240

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Out of the top-five cryptocurrencies, Ethereum has been the most bullish one over recent weeks. The cryptocurrency has pushed closer and closer to local highs as Bitcoin and XRP have stalled. Analysts say that with this recent price action, ETH is likely preparing to see a massive breakout. One trader, in fact, said that Ethereum may soon see its “most significant breakout” since the bear market ended at the start of 2018. Related Reading: Crypto Tidbits: TikTok’s Dogecoin Craze, Coinbase on Stock Markets, Bitcoin Holds $9k Ethereum Could Soon See…

Bitcoin Faces Brutal Rejection Near $9,400; Why Traders Remain Bullish

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Bitcoin faced a brutal rejection at just below $9,400 earlier this morning. This caused the cryptocurrency’s price to reel lower, and bulls are now attempting to defend a crucial support level. BTC’s latest bout of volatile trading comes as the crypto’s weekly candle close is fast approaching, making the coming few hours potentially critical for how it trends in the week ahead. The swift rejection faced overnight caused the benchmark cryptocurrency to decline as low as $9,100, but buyers quickly stepped up and boosted it back above its crucial near-term…

‘Ferocious Rally’: Weiss Ratings Bullish on Bitcoin, Price to Hit $70K Next Year

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Weiss Ratings has outlined key reasons why investors should be bullish about bitcoin, seeing a “ferocious rally” with the price of the cryptocurrency expected to hit $70,000 next year. In addition, the Federal Reserve’s massive money-printing and institutional investments into cryptocurrencies add to the bullishness. Why Weiss Ratings Is Bullish on Bitcoin Weiss Ratings analysts Bruce Ng and Juan Villaverde explained last week why investors should be bullish about bitcoin despite some sideways consolidations. Weiss Ratings currently ranks bitcoin first among all cryptocurrencies overall. One of the three key reasons…

Dogecoin Surges, Coinbase Rumors, Brave Legal Threats: Hodler’s Digest, July 6–12

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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin’s price has hardly moved an inch in the last six weeks — barely moving 2% in either direction from its average. This long period of stagnation resembles what happened in early 2017. BTC stayed around $900 for the first three months of the year,…

Roger Ver Wins Lawsuit Against Craig Wright, and much more!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Watch the latest Bitcoin.com Weekly News Show with Roger Ver. We take a look at the lawsuit against Craig Wright, the SLP Foundation’s launch, and Coinbase releasing tools to support BCH ecosystem. Timestamps: 0:20 – Craig Wright Submits List of Bitcoin Addresses to the Court 0:46 – Craig Wright Loses Lawsuit Against Roger Ver in the UK 2:34 – Liberty.Crayons.’s tweet on BTC fees 4:20 – “Bitcoin.com should offer an email service to accept Bitcoin Cash” 4:42 – Send BCH to any…

There’s a Multi-Million Dollar Buy Wall Stopping Bitcoin From Losing $9,100

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Bitcoin has once again flatlined. After failing to surmount $9,500 this last week, the cryptocurrency has settled back down to the $9,200-9,300 region. Analysts remain divided over which way a breakout will take BTC, evidenced by the overall neutral funding rates on futures exchanges. Chart of BTC’s price action over the past few days from TradingView.com Yet crucial order book data suggests that should Bitcoin fall, it will catch a bid on major exchanges. This is important for the bull case as it may confirm BTC has more strength to…

Coinbase CEO Defends Licensing of Analytics Platform to Gov’t Agencies

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Coinbase defended the licensing of its analytics software saying if people really wanted privacy, privacy coins were around. Coinbase CEO Brian Armstrong took to Twitter to talk about Coinbase Analytics and the company’s practice of licensing out the platform, explaining why crypto exchanges must have some sort of analytics software to comply with banking regulations. “Exchanges that maintain connections into the existing financial system (i.e. ability to connect your bank account, do wires, etc so you can convert fiat to crypto) need to follow AML laws, and this often includes…

Bitcoin Closing Above This Level Triggers The Most Profitable Buy Signal Ever

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The most significant confirmation that Bitcoin is about to begin a new bull run could arrive as soon as tonight’s daily and weekly close. Post-Halving BTC: Will 2020 Be The Year of The Bull Market Returns? 2020 is gearing up to be the year of Bitcoin. All eyes were on the cryptocurrency to start out the year. BTCUSD rose from December 2019 lows around $6,500 to as high as $10,500 in a matter of weeks. The ascent was fueled by pre-halving hype – a now-past event that reduced the block…

We May Expect a Bitcoin Rally If Coronavirus Breaks Into a Second Wave

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COVID-19 has become a defining moment in the course of our society, but the impact of the pandemic can be seen through its effects on the economy and society in general. From the perspective of a Bitcoin (BTC) investor, there are many things to consider. Coronavirus emergent patterns determine how the infection spreads and sets the society on a particular course into the future. The impact of the novel coronavirus on consumer society has been tremendous. The effect has mostly been seen as the closure of workplaces, resulting in people…