Tag: Parabolic

Bitcoin Uptrend From $20K Has Been Lost According To Parabolic Indicator

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Bitcoin price is still trading well above $30,000 after a nearly $5,000 retreat from highs set at the turn of the new year. But during the first decent-sized correction in the cryptocurrency since $20,000 was broken, one “parabolic” indicator could be suggesting that the daily uptrend has been lost. Here’s a closer look at the Parabolic SAR indicator and what it currently says about the first-ever cryptocurrency and if its unstoppable rally will continue. Bitcoin Daily Uptrend Possibly Finished For Now, According To Parabolic SAR When Bitcoin touched down to…

Bitcoin going parabolic toward $35K as Ethereum breaks $800: What’s next?

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The price of Bitcoin (BTC) surpassed $34,700 to achieve a new all-time high after a strong overnight rally. Ether (ETH), the native cryptocurrency of the Ethereum blockchain, also surpassed $800 for the first time since May 2018. Bitcoin’s sudden rally comes as a surprise because it corrected sharply to around $30,300 on Jan. 2. Within 24 hours, BTC rose from $30,300 to as high as $34,778, a 14% rebound. BTC/USD hourly candle chart (Bitstamp) What triggered the Bitcoin and Ethereum rally? When the price of Bitcoin surpassed $33,000 on Jan.…

The Chances of a Parabolic Chainlink Rally are Surging; What Analysts Think

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Chainlink has been severely underperforming Bitcoin as of late, despite its enormous and devoutly loyal community and continued fundamental growth. This isn’t uncommon for the crypto, as it often trends independent from the rest of the market, seeing some of its largest rallies during the depths of the bear market seen over the past few years. Its growth from a small ICO to a multi-billion-dollar project has been incredible, and many still believe that its future is brighter than ever. From a technical perspective, its lackluster performance as of late…

Bitcoin Parabolic Trend Is “Close To A Breakdown”

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Bitcoin price has been in a strong uptrend since Black Thursday that turned fully parabolic in Q4, resulting in a new all-time high. But according to an analyst, the first-ever cryptocurrency is close to a breakdown of a parabolic curve that’s been supporting the upwards momentum for months. Is this the end of the uptrend? Or is this just another touch of the parabolic support before blasting off to another level higher? Bitcoin Goes Parabolic In 2020, What’s To Come In The New Year? Bitcoin price is $1,000 below its…

Bitcoin Addresses Holding $1 Million Goes ‘Parabolic,’ 10% of BTC Supply Sits Idle for 10 Years

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While bitcoin trades above the $20k handle, onchain data shows that the number of bitcoin addresses holding at least $1 million has climbed substantially increasing by more than 150%. Moreover, Glassnode’s statistics indicate that roughly 1.85 million bitcoin hasn’t moved in over a decade. At the time of publication, bitcoin (BTC) is hovering just below the $23k handle as the price touched an all-time high at $23,777 the other day. Onchain data shows that the infamous bitcoin rich list has grown a great deal this week. On December 17, 2020,…

Ethereum to Rally 20%+ Against BTC as Market Goes Parabolic

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Ethereum has been trailing slightly behind Bitcoin and the rest of the crypto market as of late, which comes as all eyes shift to watch BTC’s price action Although it has lagged behind it, ETH is still showing some immense signs of strength as it pushes towards $700, with analysts widely watching for it to see further upside Most altcoins are currently trailing behind the gains seen by Bitcoin, which is a fairly standard occurrence within parabolic BTC bull markets As seen last night when Bitcoin faced a rejection at…

Bitcoin Breaks Record For Longest Weekly Uptrend Ever, According To “Parabolic” Indicator

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Bitcoin had a major breakout last night, taking the asset to a price well above $20,000 to close out what has been a stellar year for the cryptocurrency. Although 2020 was a monumental year for many reasons, it also marks a milestone for Bitcoin, in which a record has been set for the longest weekly uptrend in the asset’s history, according to a “parabolic” indicator. Will Bitcoin Go Parabolic Following Longest Weekly Uptrend In Crypto History? Although there have been very few full market cycles in cryptocurrencies, there have been…

Millionaire Bitcoin addresses go parabolic as BTC price crosses $20K

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Bitcoin’s (BTC) parabolic run has turned early miners into millionaires at a pace rarely seen before. Data from Glassnode shows that the number of Bitcoin addresses holding at least $1 million has skyrocketed to 66,540 this week — an increase of 150%. The rise of millionaire wallets is attributable to early miners retaining their Bitcoin over the years, culminating with the asset’s latest surge above $20,000. As Glassnode tweeted on Thursday: “$BTC crossing $20k has turned all early miner addresses (50 BTC block rewards, unspent or lost) into millionaire addresses.” The…

XRP Tanks Following Hyped Airdrop That Catalyzed Parabolic Rally

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XRP has given up a serious percentage of its recent gains, with the cryptocurrency’s parabolic rally fading and showing few signs of strength as sellers rise with full force. The cryptocurrency’s parabolic rally came about shortly after it plunged to lows of $0.23 before rallying to the top of its multi-year trading range around $0.30. The break above this level came about swiftly and allowed it to see some immense momentum. Adding fuel to this sharp price rise was mounting hype surrounding the airdrop distributed to XRP investors yesterday, which…

Here’s Why Analysts Think Ethereum Could Go Parabolic to $800 Soon

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Ethereum has enjoyed a massive rally over the past two days despite some weakness on the part of Bitcoin. The leading cryptocurrency has rocketed from the $500 region to highs near $600 as of this article’s writing. ETH currently trades at $590, dropping slightly as Bitcoin shows some weakness after an impressive 70% rally. Ethereum is set to move even higher in the days and weeks ahead, analysts say, as it clears notable resistance levels in the high-$500s and the $600 region. The coin also seems to be benefiting from…