Day: September 19, 2020

Bitcoin is About to Tap a “Do or Die” Level; Will Bulls Break It?

boss

Bitcoin’s price action has been somewhat stagnant as of late, with the selling pressure found throughout the lower-$11,000 region proving to be too much for bulls to break. Today, however, buyers have been stepping up and attempting to generate some significant buying pressure, likely with the aim of breaking above $11,300. Because this is the last resistance level before $12,000, a break above it could catalyze a considerable upswing. That being said, how BTC trends as its weekly candle close fast approaches should provide analysts and investors alike with some…

Kava to release cross-chain money market on blockchain

boss

Decentralized finance, or DeFi, platform Kava announced its intention to host a cross-chain money market on its Cosmos blockchain to capitalize on DeFi opportunities.  Kava said in a statement on its website that it wants to build an application called Harvest that will enable users to borrow or lend digital assets, including BTC, CRP, BNB, BUSD, KAVA, and USDX. Customers will be paid interest and in Harvest’s governance token HARD.  Harvest will integrate Kava price-reference data from Chainlink to facilitate cross-chain transfers. The firm said the platform could be accessed…

Market Outlook: Bitcoin Breaks $11K, Whales Refuse to Sell, Downside Risk Remains

boss

The price of bitcoin jumped above the $11k threshold on Saturday morning and into the afternoon, after hovering above the $10,900 range the day prior. The entire crypto-economy of 7,600+ coins has gained 2.29% during the last 24 hours touching $344 billion. Bitcoin (BTC) markets have surpassed key levels above the $11k mark on Saturday, as the cryptocurrency has seen close to $4 billion in global trade volume. A number of people are watching the current price range and believe the $11,000 region is a key zone to watch. One…

These 5 Technical Trends Show Bitcoin Could Drop After Passing $11k

boss

Bitcoin has pushed above $11,000 after consolidating under that pivotal resistance for a number of days. The leading cryptocurrency now trades for $11,070, pushing slightly higher after legacy markets closed on Friday evening. While Bitcoin retaking $11,000 is a bullish sign, a historically accurate trader thinks that a bearish reversal here is likely. The trader in question predicted towards the end of August that Bitcoin would drop to $9,700. He was proven right just days later when BTC was rejected at $12,000, then subsequently sunk to a low of $9,800…

If You Trust People Like Mark Zuckerberg, Watch The Social Dilemma Now

boss

Netflix released the documentary The Social Dilemma this month. The movie details just how insidious the effects of social media have become. While we’ve been on phones, screaming at people like Ellen DeGeneres, we should be more focused on people like Mark Zuckerberg. The Social Dilemma might be this year’s most important documentary. It’s more revelatory than The Last Dance, and it’s certainly more important than Tiger King. And while the social media has had its cancel-beams lasered in on people like Ellen DeGeneres and Chris D’Elia, they pale in…

These 21 Stocks Will Lead the Next Market Upsurge: Goldman Sachs

boss

The five largest stocks in the S&P 500 could be replaced as market leaders. Goldman used the Rule of 10 criteria to identify 21 stocks that could beat the market. Salesforce, Paypal, and Netflix are among those top stocks. Five mega-cap stocks have led the U.S. stock market rally–Facebook, Amazon, Apple, Microsoft, and Alphabet (FAAMG stocks). They currently represent 23% of the S&P 500, the highest concentration in 40 years. Goldman Sachs said their leadership wouldn’t last forever. Other high-growth stocks have the potential to take some of those top…

LeBron James Is Right to Be ‘Pissed Off’ About NBA MVP Voting

boss

Milwaukee Bucks star Giannis Antetokounmpo was announced the 2019-20 NBA Most Valuable Player on Friday. LeBron James of the Los Angeles Lakers was a distant second in the MVP voting, garnering just 16 first-place votes. James later confessed to being “pissed off” when he saw that so few voters had made him their top choice. Giannis Antetokounmpo of the Milwaukee Bucks made history Friday when he captured his second consecutive NBA Most Valuable Player trophy. He became just the third player in league history to be named MVP and Defensive…

A Rejection At This Level Could Result in Bitcoin Falling to $8,000

boss

Bitcoin is pushing higher as it has normally done over past weekends. The price of the leading cryptocurrency currently is above $11,000 — a pivotal resistance level for BTC. While this is positive for the cryptocurrency in the short term, analysts are still fearful that Bitcoin is subject to a steep retracement. One analyst commented that BTC breaking below $10,600 on a weekly time frame could trigger one such retracement. $10,600 is important to Bitcoin as prices in that general vicinity have marked three previous tops to medium-term rallies. Related…

Bitcoin Bouncing From Bull Market Support Points To 2021 As The Year Of Crypto

boss

Bitcoin price recently plunged from over $12,000 at the 2020 high to back under $10,000. But after seven straight days of retesting resistance turned support, the crypto asset is already back at $11,000 and climbing. The bounce on weekly timeframes, just so happened to take place at a specific reading on the Relative Strength Index that throughout Bitcoin’s history has acted as bull market support. If the key level continues to hold, 2021 will be the year of the return of crypto. Bitcoin Bear Market Could Be Over With This…