Here’s One Key Reason Why This Bitcoin Uptrend Differs from Previous Ones

It has been a turbulent past few days for Bitcoin and the aggregated crypto market, with bulls primarily controlling the cryptocurrency. Bears have gained some ground today, however, as the recent rejection at $13,800 has sparked a somewhat intense selloff that isn’t showing any signs of slowing down. This downtrend has been perpetuated by strength seen by the US Dollar as well, which BTC has formed an inverse correlation to throughout the past few months. So long as Bitcoin holds above $12,800, however, its bull case is still incredibly strong,…

Chainlink Rejected At Key Mathematical Level, But Geometry Points To Upside

Chainlink is the best performing crypto asset of the top ten cryptocurrencies by market cap in 2020, and the years prior since it first came into existence. And although the peak in 2020 could very well be in for now, and a massive rejection just occurred at a pivotal mathematical level, a bullish chart pattern forming would have a target of roughly $32 per LINK if it breaks to the upside. LINKUSD Rejected At 0.618 Fibonacci Retracement Level, Triangle Forms After Chainlink charged headfirst into $20, the asset’s current peak,…

Here’s the Key Level Yearn.finance (YFI) Needs to Break to “Stretch Its Wings”

Yearn.finance’s YFI governance token has been caught within a consolidation phase as Bitcoin, and the rest of the crypto market, also see some short-term sideways trading. This lack of momentum has come about due to the DeFi sector’s stagnating growth, with investors largely sitting on the sidelines while they wait for capital to rotate out of lower-risk assets like Bitcoin and into the high beta DeFi markets. Until traders and investors alike grow confident that upside is imminent for the aggregated crypto market, there’s a strong possibility that higher risk…

Bitcoin Could Rocket if It Closes Its Monthly Candle Above This Key Level

Bitcoin is currently consolidating within the lower-$13,000 region as bulls move to control its near-term price action. It has been struggling to break above $13,200 ever since it was rejected at this price level a few days ago. This currently marks the crypto’s 2020 high, and the selling pressure here is quite significant. If broken above, this level could spark a serious uptrend that sends it flying higher, with it potentially reaching up towards $14,000 before it faces any further selling pressure. It did face a slight rejection at these…

Bitcoin whale clusters pinpoint 3 key levels for BTC price rally to continue

According to Whalemap, there are three major Bitcoin (BTC) whale clusters in the near term that might serve as key technical levels. The $11,857, $12,256 and $12,868 levels would likely act as important support and resistance areas. In previous cycles, whale activity coincided with significant price movements at crucial technical levels. For instance, Cointelegraph reported that a whale sold at $12,000 after “HODLing” for years. In the next few weeks, BTC dropped to sub-$10,000. Bitcoin whale clusters. Source: Whalemap.io What are whale clusters and why are they important? Whale clusters…

Global Family Office Summit Takes Place Virtually With Key Highlights Including Education, Trust, and Responsibility

The Global Family Office Summit that took place via Zoom platform on October 20 brought together key players to discuss issues that high value investors are willing to address. Its primary outlined mission is to connect different disruptive tech leaders from all over the world, hence solve the world’s challenges using technology especially blockchain, cryptocurrency and artificial intelligence. Being the first time the event was held, and specifically virtually due to the ongoing coronavirus pandemic, GDA group is looking forward to many more successful events and fruitful opportunities. The GDA…

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…

Bitcoin Correcting Gains, But Key Uptrend Support Is Nearby

Bitcoin price rallied more than 5%% and it even broke the $13,000 resistance against the US Dollar. BTC is now correcting gains, but there are key supports near $12,500. Bitcoin gained bullish momentum and it rallied above the $12,500 and $13,000 resistance levels. The price traded to a new monthly high at $13,243 and it is well above the 100 hourly simple moving average. There is a key bullish trend line forming with support near $12,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…

Chainlink Could Follow Bitcoin and Go Parabolic if It Breaks One Key Level

Chainlink and other altcoins have been severely underperforming Bitcoin throughout the past few days, as BTC has pushed to fresh yearly highs while most altcoins remain down 50% or more from their highs that were set just a few days ago. The immense selling pressure that has been placed on altcoins as a result of Bitcoin’s upswing is starting to subside, as bulls are beginning to propel some altcoins like Chainlink off of their recent lows. LINK is in the process of erasing all of the losses that came about…