Tag: Parabolic

Analyst Claims XRP Likely to Target $0.70 as Uptrend Turns Parabolic

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XRP has surprisingly been one of the best performing major altcoins throughout the past few days, seeing parabolic gains as bulls take full control of its price action. Its rally shows few signs of slowing down either, with bulls setting their sights on the cryptocurrency seeing even further upside as it plows past multiple key resistance levels. This comes despite the XRP token not seeing any fundamental shifts, as its adoption amongst banks and corporations still lacks despite Ripple’s many efforts. This indicates that traders are mostly driving this price…

Bitcoin Analyst: BTC’s Parabolic Rally Hints of a Pullback to $13.8k

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Quick take: Bitcoin zoomed past the $17,115 resistance level like it did not exist BTC is still showing signs of bullish momentum Its parabolic nature since September points to a pullback to $13,800 However, a pullback is not guaranteed and Bitcoin could continue rising Bitcoin Analyst, MagicPoopCannon, has shared his most recent analysis of BTC in which he points out that the King of Crypto zoomed past the $17,115 resistance level like it did not exist. Furthermore, Bitcoin is showing little signs of slowing down despite exhibiting a parabolic rally…

XRP Sees Parabolic Explosion Overnight as Analysts Eye Further Upside

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Much to the surprise of investors, XRP has been one of the best performing cryptocurrencies over the past day, with bulls taking full control of its price action following a break above its trading range between $0.20 and $0.30. It is now going parabolic, with bulls erasing its recent underperformance trend as they aim to send it up towards $0.50 in the near-term. XRP appears to be finding some resistance around its current price region, which may slow its ascent and cause it to see some consolidation in the near-term.…

Parabolic rally ‘a real possibility’ after Ethereum price surges to $547

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The price of Ether (ETH), the native cryptocurrency of Ethereum, has surpassed $547. Following the breakout, traders are pinpointing several key resistance levels in the near term. In the short term, traders generally foresee $600 as the major resistance area for Ether as it marked the beginning of a bearish trend starting in May 2018. As such, $600 could act as an area of interest for sellers. But, traders also believe that if Ether surpasses $600, it would likely enter the $700 to $900 range. Above it, there is little…

Bitcoin Approaches Top Of Accumulation Zone, Parabolic Phase Begins With Breakout

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Bitcoin every four years post-halving goes parabolic and rises to a new all-time high. The ebb and flow of these cycles each time attracts new money and participants to the cryptocurrency network and keeps adoption growing. Timing when to sell is the hardest part, but knowing when to buy BTC at the best possible prices before it goes parabolic, might be as easy as buying within a long-term “accumulation zone” that has supported each of the cryptocurrency’s past bottoms. The leading cryptocurrency by market cap is now approaching the top…

Bitcoin Hits $17K After Three Years; “Greatest Parabolic Advance” Ahead?

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Bitcoin has breached $17,000 for the first time in the last three years. The flagship cryptocurrency hit $17,100 ahead of the New York opening bell Tuesday, forming another upward leg in a rally that has already ballooned by 58 percent in the fourth quarter. Meanwhile, its market cap closed towards $315 billion, just $20 billion away from its all-time high established in December 2017. Bitcoin reaches $17,000 in a relentless upside rally. Source: BTCUSD on TradingView.com Bitcoin reaches $17,000 in a relentless upside rally. Source: BTCUSD on TradingView.com Since March…

3 reasons Bitcoin price hit $17K, marking a new parabolic uptrend

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The price of Bitcoin (BTC) surpassed $17,000 for the first time since December 2017, continuing its current uptrend. The rally comes after BTC broke out of the previous parabola, which initially caused concerns. Three factors likely contributed to the ongoing rally: a new parabolic trend, resilience above $16,000, and Bitcoin absorbing whales’ selling pressure. New parabolic trend On Nov. 16, Cointelegraph reported that analysts found the Bitcoin price dipped below a parabola dating back to September. Though the trend seemed concerning, new parabolic trends could reemerge in a bull cycle.…

Bitcoin Tests Key Parabolic Trendline as Uptrend Shows Signs of Slowing

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Bitcoin has seen some brutal price action throughout the morning, with overleveraged long positions being shaken out with a brief dip down to $15,700, while those panic shorting were then liquidated by a sharp rebound. This price action has allowed the cryptocurrency to begin inching higher and moving to retest its $16,000 support level, which could once again act as slight resistance. This level has been acting as support for the past few days, but a continued bout of trading below it could strike a heavy blow to bulls. BTC’s…

It’s the “Moment of Truth” for Chainlink as Price Taps Key Parabolic Trendline

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Chainlink has flashed some immense signs of strength throughout the past few days, with the cryptocurrency rallying towards its $12.00 resistance as its price continues seeing immense upwards momentum. This strength also comes as the aggregated altcoin market begins showing signs of strength, with buyers sending Ethereum’s price flying higher today as the DeFi sector also rebounds. This strength might just be getting started, and if today’s rally marks the start of a trend reversal amongst altcoins, there’s a strong possibility that blue-chip altcoins like Chainlink will be the first…

Bitcoin sees record 100 days above $10K as one analyst eyes ‘parabolic’ 2021

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Bitcoin (BTC) has officially beaten a new record as BTC/USD trades above $10,000 for 100 days, and major gains should come next. As voting in the United States’ presidential election ended on Nov. 3, Bitcoin saw a landmark moment of its own — 100 days straight trading in five figures. Bitcoin sees record stretch above $10,000 The achievement is not just impressive as a record for $10,000-plus prices. According to previous data, once Bitcoin trades above these significant price levels for 100 days, BTC/USD swiftly increases by an order of…