Altcoins Could See a Raging Bull Market if Bitcoin Continues Trading Sideways

Altcoins have been rocketing higher throughout the past few days and weeks, reaping the rewards of a stable Bitcoin and high Ethereum prices. Tokens within the decentralized finance sector – commonly referred to as DeFi – have been some of the biggest beneficiaries of the recent market-wide strength. Yearn.finance is currently trading up well over 100% from its weekly lows, while other blue-chip tokens within this sector have seen similar gains. Aave’s token is also up well over 100% and showing no signs of slowing down anytime soon. This trend…

Sideways Bitcoin price allows DeFi, Ethereum, and altcoins to rally higher

For the past two days, Bitcoin price has traded within the $14,800 to $15,500 range but the top-digital asset struggled to flip $15,500 to support.  A positive is BTC continues to make higher lows and at the time of writing the price is trying to break from the range but still encountering resistance at $15,500. While BTC price has bounced back and forth, altcoins and select DeFi tokens capitalized on the consolidation phase and turned bullish. DeFi having a day Top 3: $YAX + 73%$MTA + 35%$BZRX + 19% pic.twitter.com/km4jqZuSCX…

$9,100 Bitcoin price possible if volume and price action stay sideways

The markets have been relatively dull for the past 2 months as the price of Bitcoin (BTC) has been sustaining between the $10,200-$11,000 range. In recent days, the range has been narrowed even further, leading some traders to forecast a breakout.  However, Bitcoin’s price hasn’t been showing any direction, while altcoins have taken a downward slope. The majority of the markets have been in massive corrections and this isn’t a strong signal for the total market.  Bitcoin price is stuck in a sideways range  BTC/USD 1-day chart. Source: TradingView The…

Bitcoin Fractal From May Warns Of Coming Crash, More Painful Sideways

Bitcoin price only recently broke out from a tight trading range, causing a roaring rally by crypto bulls, pushing the asset to $12,000 per BTC. But even though sideways just ended, a fractal appearing on the asset’s price charts suggests that a crash is on the way, followed by much worse: more painful sideways. The Crypto Market’s Rollercoaster Ride of 2020 2020 has been a rollercoaster for Bitcoin unlike no other. The crypto asset went from trading at around $6,500 to $10,000, then collapsed to $3,800 in the Black Thursday. …

Buy Signals On Bitcoin and Ethereum Could Bring Sudden End To Sideways Trend

While the rest of the crypto market has been soaring, Bitcoin and Ethereum have been trending sideways. The tightening price action has led to boredom and record low volatility. But a buy signal on each of these two most dominant crypto assets could lead to a sudden change in trend, and hopefully an end to this trading range. Major Crypto Assets Trend Sideways While Smaller Altcoins Shine The two largest cryptocurrencies by market cap have been the most stagnant of the bunch. Both Bitcoin and Ethereum have more resembled a…

Dow Slogs Sideways as Covid-19 Hits Devastating Double Milestone

The Dow Jones Industrial Average (DJIA) traded flat on Tuesday. Coronavirus cases hit 5 million worldwide with a record 100,000 new daily cases. Focus shifts to Thursday’s jobless claims data, which exceeded economists’ estimates – again. The Dow Jones recovered from a heavy premarket slide to slog sideways in early trading on Thursday. Investors remain nervous as the global coronavirus pandemic shows no signs of slowing down. The outbreak hit two devastating new milestones overnight: 5 million total worldwide cases. A record 100,000 new daily cases. This thing is not…

Bitcoin Price Stuck Sideways But Another $10K Retest May Trap Bears

The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has been hovering below the psychological barrier of $10,000. The halving didn’t give the market what they expected as the majority was anticipating a further decline in the price post-halving.  What’s next for the crypto markets? What can be expected from the price of Bitcoin if $10,000 is broken to the upside?  Crypto market daily performance. Source: Coin360 The price of Bitcoin stabilizing in a wide range  BTC/USD 1-day chart. Source: TradingView The price of Bitcoin has been hovering…

Sideways Bitcoin Price Stalls Tezos (XTZ) 200% Rally to a New All Time High

Since dropping to a 2020 low at $0.93 on March 12, Tezos (XTZ) had been absolutely on fire, gaining 207% and within close distance of its all-time high at $3.96. For investors, the only question left now is, when will it stop?  Crypto market daily performance. Source: Coin360 Typically such large moves begin to show signs of overextension as the asset becomes overbought and traders eventually decide to take profits. At the moment Tezos appears to be correcting a tad bit as the price has pulled back 5.69% since reaching…

OKCoin’s Chair Takes Over as CEO, Former Chief Executive Moves Sideways

Major United States cryptocurrency exchange OKCoin has announced that its current chairperson, Hong Fang, is taking over as CEO. Fang is a former Goldman Sachs banker, and early investor in OKCoin. She told Cointelegraph she will continue to be chief operating officer for parent company OK Group, in addition to her new duties as OKCoin CEO. Meanwhile the current OKCoin CEO, Tim Byun, is moving to a new role with OK Group as its chief global government relations officer. OKCoin secures licensing and fiat onramps Fang explained that OKCoin has…