Tag: Parabolic

Tezos Insanely Parabolic Bull Run Shows No Signs of Exhaustion

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Even a 30 percent crash has not deterred traders from buying Tezos (XTZ), a cryptocurrency that surpassed all its top rivals after staging a parabolic bull run in 2020. The price of the tenth-largest blockchain asset was up 6.66 percent to $3.348 ahead of the European market open. The gains appeared as a part of wider altcoin recovery that saw other assets surge by some proportions. Tezos’ nevertheless remained one of the most profitable assets on an intraday basis, beaten only a thin-volumed Bitcoin SV. Insider tip: Do not sell…

Bitcoin Dips on Profit-taking but Fundamentals Show Its Parabolic Rally is Not Finished

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Bitcoin slipped huge a day after enjoying a strong price rally above its key resistance level of $10,000. The benchmark cryptocurrency was trading at $9,736 early Monday, down 4.35 percent from its Sunday top, according to US exchange Coinbase. Nevertheless, it was still up by more than 36 percent at its intraday low, maintaining the position of one of the best-performing assets of 2020 so far. Bitcoin in a stable uptrend in 2020 | Source: TradingView.com, Coinbase Similar rival cryptocurrency, like Ethereum and XRP, was also down by circa 4…

Bitcoin’s Uptrend May Result in an Explosive Parabolic Rally Because of This Simple Factor

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Last updated:February 19, 2020 Bitcoin’s firm 2020 uptrend is likely far from over. After incurring some intense selling pressure earlier this week, bulls fought back and propelled the cryptocurrency all the up to highs of $9,900, which is just above where it is currently trading at. This momentum has made it look increasingly likely that Bitcoin will soon make an attempt to break above the resistance that exists at $10,000, with a break above this level potentially catalyzing a massive parabolic movement. Furthermore, there are also a few bourgeoning technical…

Bitcoin Daily Chart Indicates It Is Going Parabolic To $9K and $10K

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Bitcoin broke a couple of important hurdles near $7,500 and $8,000 on the daily chart against the US Dollar. BTC price action indicates a strong rise towards $9,100 or even $10,000. Bitcoin price surged $500 and settled above the key $8,000 resistance against the US Dollar. A new 2020 high is formed near $8,464 and the price is currently correcting lower. There was a break above a major bearish trend line with resistance near $7,630 on the daily chart of the BTC/USD pair (data feed from Kraken). The pair is…

Bitcoin Retains $7K as ‘Extreme Fear’ Clashes With Parabolic Forecast

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Bitcoin (BTC) held on to $7,000 support on Dec. 20 as a major sentiment indicator revealed investors were still highly panicked by current price action. Cryptocurrency market daily overview. Source: Coin360 Bitcoin surpasses 2018’s “extreme fear” Data from Coin360 and Cointelegraph Markets showed BTC/USD repeatedly test the $7,000 barrier on Friday, each time bouncing off to linger around $7,100.  At press time, Bitcoin had stayed out of the $6,000 range consistently since it broke away from lower levels late on Wednesday. Bitcoin 1-day price chart. Source: Coin360 Now, traders were…

Bitcoin Price Below $9.5K Could Spark 80% Parabolic Advance Correction

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Bitcoin Price Clings to $9,500 Support Bitcoin (BTC) continued to trade down on July 17 after a further 10% fall sent the price of the largest cryptocurrency back below $10,000.  Market visualization courtesy of Coin360 Data from Coin360 showed a problematic 24 hours for traders Wednesday, BTC/USD circling $9,600 after bouncing off lows at just $9,266. The downward trend followed increased United States government attention on cryptocurrency and related phenomena, with comments by Treasury Secretary Steven Mnuchin and the ongoing hearings on Facebook’s Libra closely watched by markets. Bitcoin 7-day…

Parabolic Bitcoin Headed for $30,000, Predicts Morgan Creek CEO

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The bitcoin price is once again trading above the $12,000 level, and the current market cycle could take the price to a new all-time high. Morgan Creek Capital Management CEO Mark Yusko was featured on CNBC, where he emphasized that bitcoin is the best-performing asset since October 2018 by a long shot. “I think we’re in the next parabolic move. That will take us probably into the $30,000 level before we get another little correction.” He points out that the bitcoin price has soared 70 percent since October 2018, while…

Michael Novogratz Wishes He Sold More Bitcoin (BTC) 2019 High, But Parabolic Movements are Far From Over

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After bitcoin (BTC) topped out at $13,900, Michael Novogratz of Galaxy Digital revealed he sold a little but wishes he had sold a lot. In an article from Bloomberg, Novogratz is reported to have predicted a $7000-10,000 trading range for BTC, calling a $14,000 top a few days later owing to excitement in the market, June 27, 2019. Sell High, Buy Low Michael Novogratz’s desire to sell his BTC and re-enter at $10,000 is something all investors try to do, but is it wise to predicate an investment strategy? Predicting key…

Bitcoin Price Back Above $11,000 as Dip ‘Consistent’ With Parabolic Bull Run

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Bitcoin (BTC) corrected as low as $10,380 before rebounding above $11,000 on June 27 as commentators remain highly bullish about the market’s potential. Market visualization courtesy of Coin360 Data from Coin360 showed the bitcoin price dipping down from recent highs of $13,800 in a pullback many had anticipated.  BTC/USD gained rapidly throughout this week and last, adding thousands of dollars over several days before resistance at $14,000 finally checked the speed of the growth.  Estimates had said the pair could go as high as $16,000 before reversing, with Cointelegraph reporting…

The Big Short Backfire: Bitcoin Pessimists See Massive Liquidation as Price Goes Parabolic

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Bitcoin short traders are seeing massive liquidation as the underlying asset continues its relentless parabolic advance. Meanwhile, analysts predict even higher returns for BTC in 2019 as the general market sentiment remains firmly bullish. Short Squeeze Amid Parabolic Advance Tweeting earlier in the week, Binance CEO Changpeng Zhao revealed that its first margin liquidation saw a hemorrhaging of bitcoin short positions. With price continuing to set new 2019 highs, it is unsurprising to see bets against bitcoin being liquidated on contract close-out. We had our first Margin liquidation today. Guess…