Bitcoin has undergone a strong surge over recent days, surging from under $12,000 to $13,000 as of this article’s writing. Analysts are starting to expect even more upside as the coin posts candle closes above crucial resistance levels. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Forms Pivotal Daily Close Amid Price Surge Bitcoin just formed a pivotal daily candle close, analysts say. One crypto-asset analyst that predicted BTC would see a V-shaped reversal after the March crash shared the chart below after the daily…
Day: October 23, 2020
Altcoins To “Tank” While Bitcoin Runs For All-Time High
Bitcoin price exploded yesterday, sending altcoins reeling. Today, however, alts have recovered but still haven’t caught up to the top cryptocurrency. One crypto analyst, comparing past market cycles, believes that altcoins are going to “tank” against Bitcoin, taking them to the maximum point of financial opportunity. After the violent shakeout last time around, altcoins rocketed to all-time highs with few pit stops in the way. Could the same happen again during this cycle? Crypto Market Divergence: Bitcoin Blast Off Leaves Altcoins In Wake The crypto market set fire yesterday when…
3 key metrics and disinterest from pro traders hint at Bitcoin price sell-off
For novice traders, FOMO can be a heavy burden to bear. Resisting the urge to buy Bitcoin (BTC) after a nearly 15% rally, which saw the price break both the $12K and $13K levels in less than 24 hours, is almost impossible. Professional traders are more experienced and know precisely how to play these FOMO-inducing situations. As data has shown, they were mostly adding shorts up to October 20, right before the $12K rupture. BTC futures aggregate liquidations. Source: Coinalyze.net Most investors fail to grasp that being a pro trader…
Hong Kong Blockchain Week 2020: Setting DeFi and Blockchain Trends for 2021
Hong Kong Blockchain Week 2020: Setting DeFi and Blockchain Trends for 2021 November 17th to 19th 2020, speakers and participants will assess the economic and technological rollercoaster of the year 2020,and will discuss whether DeFi will change the game for fintech. 20 October 2020, Hong Kong – During a week-long virtual event, speakers from institutions, businesses, regulatory bodies, innovative companies will evaluate the outcomes of 2020 for blockchain, technology and economy, and deliver valuable predictions about what will be trending in the nearest future. Hosted by The NexChange Group, Hong…
XRP Posts a Bullish Breakout as Altcoins Begin Following Bitcoin
XRP has been severely underperforming Bitcoin and the aggregated crypto market throughout the past few days and weeks, struggling to gain any momentum as its price continues hovering within the mid-$0.20 region. This underperformance may not last for too much longer, as analysts are now widely noting that it is currently in the process of posting a bullish breakout that could send it significantly higher in the days and weeks ahead. A few strong resistance levels may slow its ascent and possibly cause it to see further losses in the…