Bitcoin Erupts Past $10,000 After Consolidation: $90 Million Liquidated on BitMEX

Bitcoin has finally done it. Minutes ago, the asset rocketed past $10,000 for the first time in weeks, reaching as high as $10,250 in a massive surge upward. This was a more than 7% jump from where the cryptocurrency was trading prior to the move. Traders were largely unaware that this move was going to happen. As a result, data from Skew.com shows that more than $80 million worth of short positions were liquidated on BitMEX alone. These shorts were liquidated within the span of an hour, and these numbers…

Twitter’s Bitcoin Sentiment Suggests a Price Breakout is Imminent: Here’s Why

Some of the top altcoins by market capitalization, such as Ethereum, have been posting significant gains lately. Meanwhile, Bitcoin remains stagnant within a narrow trading range. The flagship cryptocurrency is consolidating between $8,800 and $10,080 since late April without giving any clear signs of where it is headed next. One of the most prominent analysts in the industry maintains that Bitcoin’s inability to move past the $10,000 resistance level adds credence to a sudden bearish impulse that could see it plummet to $6,300. Nonetheless, others believe that the pioneer cryptocurrency…

Ethereum Just Saw Key Technical Breakout: Break Above $250 Seems Likely

Ethereum is trading in a strong uptrend above the $230 pivot zone against the US Dollar. ETH price is likely to continue higher above the $245 and $250 resistance levels. Ethereum started a downside correction from the $250 resistance zone. The price corrected below the $240 level, but it found support near the $230 level. There is a major bullish trend line forming with support near $232 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher above the $245 and $250 resistance…

Analyst Who Called Bitcoin’s 2019 Bottom Down to Dollars Thinks This Comes Next

The past few days have seen Bitcoin recover strongly from the weekly lows of $8,600. As of the time of this article’s writing, the flagship cryptocurrency sits at $9,400, just over $200 shy of the weekly high of $9,650. It’s a strong rally that has convinced many traders of the bull case, but one prominent analyst suggests that it is too soon to be bullish. This is especially notable as the analyst that made this assertion has a surprising track record. Related Reading: Crypto Tidbits: Bitcoin Nears $10k, Goldman Sachs…

Bitcoin Prices Face $10000 Resistance Without Strength to Cross It While Indicators Started to Go Down

Bitcoin Prices Face $10000 Resistance Without Strength to Cross It While Indicators Started to Go Down May 29, 2020 by Ramiro Burgos Bitcoin Prices Face $10000 Resistance Without Strength to Cross It While Indicators Started to Go Down Also Read: Bitcoin Prices Turbulent As Exhausted Indicators Drift In A Volatile Distribution Area Long-term Analysis A distribution area between $10000 and $7000 is active, overselling the market while halving took place. The action could send values down to $5000. Quotes should cover a wide range up and down plenty of volatility…

Over 120 Billion Idle XRP Tokens Moved: Volatility Is Near

Ripple’s XRP token is going through a stagnation phase without giving any clear signs of where it is headed next. The cross-border remittances token has been contained in a narrow trading range since May 11. This area is defined by the $0.19 support and the $0.206 resistance level. XRP Consolidates Within Narrow Trading Range. (Source: TradingView) Despite the low levels of volatility, on-chain metrics suggests that a significant price movement is underway. Volatility Is Set to Strike Back Ever since the peak of April 30 when XRP went up to…

Ethereum Rallies Above $220 And Likely To Continue Higher To $240

Ethereum is up more than 8% and it broke the key $215 resistance zone against the US Dollar. ETH price is trading nicely above $220 and it could continue to rise above $230. Ethereum is showing a lot of positive signs and it rallied above $215 and $220. The price is likely to continue higher towards the $230 and $240 levels. There is a connecting bullish trend line forming with support near $212 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well supported on dips…

Bitcoin Breaks Key Hurdle: Here’s Why It Could Revisit $10,000

Bitcoin is up more than 4% and it broke the key $9,500 resistance zone against the US Dollar. BTC price is currently correcting lower, but dips remain supported near $9,350. Bitcoin gained traction above the $9,300 and $9,500 resistance levels. The price traded as high as $9,624 and it is currently correcting lower. There is a major ascending channel forming with support near $9,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct further, but dips are likely to remain supported near $9,350…

Ethereum Whales Accumulate As Bullish Momentum Builds Up

Ethereum appears to have entered a stagnation phase without giving any clear signals of where it is heading next. Its price action has been mostly contained within a narrow trading range over the last couple of weeks. But a decisive price movement that defines the direction of its trend has yet to occur. Spencer Noon, the head of DTC Capital, believes that despite the lackluster there are different factors that suggest that Ether is poised to rally. The renowned analyst maintains that the growth of the Grayscale Ethereum Trust (ETHE)…

Failed H&S Pattern Puts This Cryptocurrency En Route to Record Levels

XTZ, the native cryptocurrency of the Tezos blockchain platform, recently defeated a long-standing Head & Shoulder pattern. If successful, the bearish technical indicator could have crashed XTZ to as low as 523 sats. Its failure now puts the crypto en route to record highs. XTZ is trading almost 28 percent lower from its all-time high at 4,073 sats, but the cryptocurrency has enough fuel to retest the top. The upside sentiment for the Tezos blockchain’s native asset takes cues from its recent response to a bearish technical indicator. Since it…