Tag: Analysis

Price Analysis 7/3: BTC, ETH, XRP, BCH, BSV, LTC, ADA, BNB, EOS. CRO

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Bitcoin and many altcoins are struggling to rise above the 20-day EMA, suggesting bears have the advantage in the short-term. Tesla’s market capitalization has surged from about $76 billion at the start of 2020 to $224.18 billion at market close on July 2. This unending rally has also made it the largest car company in terms of market capitalization, even though it produces only a fraction of cars compared to the second-ranked Toyota motors. One of the reasons for the sharp rise in Tesla’s stock is investors’ expectation that the…

New Analysis Shows Bitcoin Is Structurally Similar to 2018’s $3k Bottom

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After pushing as high as $9,300, Bitcoin bulls faced yet another strong sell-off on Thursday. The cryptocurrency slid from that local high to a low of ~$8,930 in a number of hours in a move that liquidated dozens of millions. Despite this drop, there remain multiple valid analyses indicating that Bitcoin is about to press higher. Related Reading: Crypto Tidbits: Bitcoin At $9k, Grayscale Ethereum Trust, Cryptocurrency & PayPal Bitcoin’s Current Range Is Similar to 2018’s Bottom Looking at Bitcoin’s recent price action, it’s easy to call it “boring.” Save…

Price Analysis 7/1: BTC, ETH, XRP, BCH, BSV, LTC, BNB, ADA, CRO, EOS

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Bitcoin and a few altcoins have bounced off their recent lows, suggesting that the sentiment remains to buy the dips. Bitcoin (BTC), gold, crude oil, and the US equity markets all rose sharply throughout the second quarter of this year. This shows that investors’ appetites remain strong as they are confident that central banks will continue to keep the money supply flowing.  While monetary easing can be a short-term solution, if it is not rolled back at the right time it can destroy the economy in the long-term, as seen…

An Analysis of Global Cryptocurrency Regulations – Blockchain News, Opinion, TV and Jobs

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It’s been more than ten years since cryptocurrencies entered the market, but they still have not seen the traction they deserve or was expected of Satoshi Nakamoto’s amazing gift to the world… and that’s partly because there are many nations that consider tokens as an illegal currency. Cryptocurrencies have reached the international level with the help of the blockchain network, but it still needs credibility and acceptance to be used in the government institutions. The trade market and the financial standing of all the nations keep changing and this makes…

Price Analysis 6/8: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, ADA, XTZ

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Bitcoin price remains range-bound, but as miners sell fewer coins and the BTC reserves on the exchanges drops, a possible up move could occur in the next few days. The total crypto market capitalization was close to $270 billion on May 8 and currently, the metric stands at $275 billion. This suggests that the crypto markets have been largely stuck in a range for about a month.  Daily cryptocurrency market performance. Source: Coin360 As reported by Cointelegraph, Bitcoin (BTC) miners are holding on to their newly minted coins and this…

Textbook Wyckoff Analysis Shows Bitcoin Is About to See a Brutal Drop to $7,000s

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Since plunging as low as $8,600 earlier this week, Bitcoin has mounted a strong comeback that took prices as high as $9,900 on June 4th and 5th. The more than 10% bounce has convinced many traders of the bull case, hence why funding on futures exchanges remains positive, showing longs are more aggressive than shorts. Yet analysts are starting to fear that the rally to $9,900 is just noise in a bearish medium-term trend. Related Reading: No, Bitcoin Forming a Weekly TD Sequential “9” Doesn’t Kill the Bull Trend Bitcoin…

Price Analysis 6/5: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, ADA, XTZ

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Many cryptocurrencies are showing strength by hovering close to their recent highs even as gold is selling off. The U.S. equity markets are on a tear as the traders cheer the largest jobs gain ever. This report has improved sentiment as it suggests that the blip in the economy due to the pandemic was temporary.  Many traders who had been sitting on the sidelines are likely to jump into stocks due to fear of missing out on what could be the early stages of a strong rally. This shift into…

‘Financial Surveillance’ or ‘Blockchain Analysis’? Human Rights Foundation Debates Elliptic

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“I think you should quit your job and go and work for the good guys,” the Human Rights Foundation’s Alex Gladstein told Tom Robinson, the founder of crypto compliance firm Elliptic, Monday afternoon. The two were debating blockchain surveillance as part of the Mainnet online event, sponsored by Messari, which opened today on the Hopin platform. Human Rights Foundation is an organization that focuses on working with activists around the world, especially in closed societies. Elliptic is a blockchain analytics company that helps enforcement-minded clients track the flow of crypto…

‘Financial Surveillance’ or ‘Blockchain Analysis’? Human Rights Foundation Debates Elliptic

boss

“I think you should quit your job and go and work for the good guys,” the Human Rights Foundation’s Alex Gladstein told Tom Robinson, the founder of crypto compliance firm Elliptic, Monday afternoon. The two were debating blockchain surveillance as part of the Mainnet online event, sponsored by Messari, which opened today on the Hopin platform. Human Rights Foundation is an organization that focuses on working with activists around the world, especially in closed societies. Elliptic is a blockchain analytics company that helps enforcement-minded clients track the flow of crypto…

Price Analysis 6/1: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, ADA

boss

Tension between China and the U.S. is increasing and if the current trade deal is scrapped Bitcoin could be a major beneficiary. The tensions between the U.S. and China have escalated once again. This is bad news for the global economy which is currently witnessing one of the worst crises since the Great Recession.  If either the U.S. or China does not keep up their part of the trade deal, it could only make matters worse. Scrapping of the Phase I trade deal could ultimately result in a huge sell-off…