Top Analyst Explains Why Ethereum Could Outperform Bitcoin This Cycle

Ethereum has strongly underperformed Bitcoin over the past two weeks. As BTC has shot around 20% higher in the past 10 days alone, ETH has gained approximately 8%. This trend is not isolated: almost all leading altcoins are underperforming Bitcoin. The severity of BTC’s spike to the upside has compressed gains in altcoins as all focus and capital is focused on Bitcoin. While some think this will be a fixture of this cycle, a prominent crypto-asset analyst recently made the case for why Ethereum may outperform Bitcoin all this cycle.…

It’s “Thin Air” For Bitcoin If Price Crosses $14,000 on a Macro Basis

Bitcoin has undergone another massive leg higher over the past day. After bottoming at $12,800 yesterday, the cryptocurrency has surged higher towards $13,800. The coin currently trades for $13,700 as it attempts to stabilize after the daily candle close. Analysts are getting ready for fireworks as Bitcoin nears the pivotal $14,000 resistance level. $14,000 has long been an important level for Bitcoin, marking the highs almost perfectly during 2019’s surge to the upside in the summer. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Expected…

Industry Reacts to Bullish Bitcoin Analysis by JP Morgan

Bitcoin has seen a strong uptick in institutional adoption over recent weeks and months amid the worst economic trends in many decades. Wall Street analysts think that the asset may act as a hedge against the U.S. dollar dropping and other geopolitical and macro trends. JP Morgan made this much clear when the firm released a commentary on this nascent market. The prominent Wall Street firm commented that Bitcoin could rally multiples higher if it manages to crowd out gold to some extent. Related Reading: Here’s Why Ethereum’s DeFi Market…

After $1,200 Surge, Bitcoin Faces Down a Pivotal Resistance Level

Bitcoin has seen an absurd bout of price action over the past few days. The leading cryptocurrency, after falling to $11,200 last week, surged as high as $13,250 on leading exchanges on Wednesday. The coin has since whipsawed since hitting those highs, dropping and rallying by hundreds of dollars below that high as investors gauge the direction of BTC. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Faces Down a Pivotal Resistance Level Bitcoin is facing down a pivotal resistance level after the aforementioned price…

Bitcoin Plunges $600 in 6 Minutes, Then Bounces Amid Price Surge

Bitcoin has seen an absurd amount of intraday volatility over the past day amid the best price action in many months. The coin currently trades for $12,900, a few hundred dollars shy of the daily and year-to-date high set just minutes ago at $13,250. Bitcoin plunged as low as $12,600 on futures platforms during that move lower. That meant from the daily highs, the cryptocurrency retraced $600. This volatility is expected as the cryptocurrency remains up around 9% in the past 24 hours, or over $1,000. Analysts are taking note…

Sellers Step In As Bitcoin Soars, But Could Lead To Short Squeeze Higher

Bitcoin price nearly hit $13,000 today after an almost $1,000 intraday candle tapped the remaining bear market resistance keeping new all-time highs at bay a little while longer. With so many traders in profit, short-sellers have stepped up in a major way, opening millions in positions betting big that the recent uptrend will soon reverse. However, with so much money on the line, a potential setup for an epic short squeeze could keep the cryptocurrency trucking right along – which these short sellers might actually be perfectly fine with. Here’s…

Bitcoin to Soon Form Signal Last Seen Prior to 2,000% Rally in 2017

Bitcoin has undergone a strong rally over the past few months. From the March lows, the cryptocurrency has gained over 200%, rallying from $3,500 to $11,700 now. While already impressive, the coin is about to form a pivotal buying signal that may suggest more upside is likely. The signal in question last formed when the cryptocurrency was trading under $1,000 at the end of 2016, prior to the 2017 exponential rally. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Forms Pivotal Buying Signal According to…

Here’s the Overlooked $8.5 Trillion Investor Group That Could Boost Bitcoin

Bitcoin has been seeing massive inflows of capital from large investors and corporations throughout 2020, which may be what has allowed its price to trade well above where it started the year – despite the turbulence seen in the early months. There’s a strong possibility that BTC will continue gaining adoption amongst non-retail investors in 2021 as well, with the trend of it being a reserve asset only gaining traction as more companies, funds, and large investors acquire it. Retail investors are also rapidly turning to Bitcoin to protect against…

Options Trends Makes it Hard for Analysts to Imagine a Bitcoin “Pump”

Bitcoin has been consolidating within a $1,500 range over the past seven weeks. With BTC currently pushing higher and the fundamentals aligning in favor of bulls, analysts have begun to expect a strong rally into the end of a year. This may not take place, though, an analyst keeping an eye on options has noted. He added that with whales likely to sell into the end of the year for tax purposes, BTC may not move higher. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Unlikely…

Bitcoin Likely to Break Below $11,000 Before Next Uptrend: Analyst

Bitcoin has been caught within a prolonged consolidation phase throughout the past few days and weeks, with buyers and sellers both being unable to take control of its near-term trend. This has done little to offer investors with insight into where it may trend next, and its close correlation to the U.S. stock market makes it likely that it will continue lacking a trend until either the election is finished or a second round of stimulus is passed through. This could be incredibly bearish for altcoins, as they have been…