Bitcoin traders express mixed emotions about what’s next for BTC price

The rumor that Amazon would accept cryptocurrency payments sparked a wave of bullish enthusiasm across the crypto market earlier in the week but now this sentiment has begun to wane as Bitcoin (BTC) bulls face stiff resistance at the $40,000 level.  Data from Cointelegraph Markets Pro and TradingView shows that bears have managed to fend off multiple attempts to flip the $40,000 level to support and defense of this zone continued on July 29 as Bitcoin’s stagnant price action and added to concerns that the price could fall back to…

Ethereum price can hit $14K if the March 2020 chart fractal holds

Ethereum’s native asset Ether (ETH) faces prospects of closing above $14,000 sometime in 2021 based on its current trend’s striking similarity with the one from last year. Ether price fractal First spotted by user TradingShot, the Ethereum fractal involves three technical indicators: a 50-day simple moving average (50-day SMA), a Fibonacci channel, and a relative strength index (RSI). Ether closed above its 50-day SMA in July 2021, the first time since the May 2021 bearish correction. As TradingShot noted, breaking above the said moving average wave historically predicts bull runs.…

COIN price fails to impress as more crypto firms are eager to go public

2021 has been a rollercoaster year for the crypto industry, with Bitcoin (BTC) scaling up to an all-time high of $65,000 earlier this year in April, only to dip down to the sub $30,000 zone just months later. However, a moment that is widely considered by many to be a tipping point for the industry — at least in terms of mainstream legitimization — was when Coinbase (COIN) made its debut on Nasdaq via a direct listing. Leading up to April 14, the day of the aforementioned listing, COIN’s reference…

Bitcoin Price Records Retracement as Bulls Get Rejected at $40,000 Support Zone

The fiscal and economic policies being rolled out by the Feds in various nations, particularly the United States can also help in the Bitcoin price retracement moves. The price of Bitcoin (BTC) is seeing a gradual retracement as market bulls’ effort leading to the breach of the $40,000 resistant zone was met with rejection. At the time of writing, Bitcoin is changing hands at $39,915.36, down 0.21% in the past 24 hours according to CoinMarketCap. The snapshot performance of Bitcoin is in contrast to its 24 hours price record, which…

Price analysis 7/28: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Bitcoin’s defense of the $38,000 level and renewed interest from institutional investors could be a sign that the bull trend is resuming. Bitcoin (BTC) and most major altcoins are attempting to break above their respective overhead resistance levels, indicating the return of the bulls. Data from Bybt shows that the Grayscale premium has been climbing and reached -5.88% on July 27, its closest level to zero since May 25. This suggests that institutional investors may have again started building positions via the Grayscale Bitcoin Trust. Another institutional investment product showing a…

XRP price skyrockets by 17% as double bottom chart pattern takes shape

XRP price swung higher on July 28 as its parent company, Ripple, entered an agreement with SBI Remit to back a remittance corridor from Japan to the Philippines. Positive news boosts XRP price The Ripple blockchain’s native cryptocurrency, also ranked as the sixth-largest digital asset by market cap, reached its one-month high of $0.759 after rallying 17.73% intraday. At a monthly low, it was changing hands for as little as $0.514. XRP sustains its uptrend amid a market-wide bullish mood. Source: TradingView.com The bullish boost came over a partnership between…

Bitcoin price is returning to $40K — But will shorts have their revenge?

Bitcoin (BTC) returned to $40,000 on Wednesday as bulls and bears waged a tug-of-war for hard-won higher ground. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “A lot can happen” from current BTC price levels Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $40,200 overnight, sealing a rare eight straight green daily candles in a row. Investors had been initially skeptical of the strength of the initial rally, which began Monday, after a snap surge past the $40,000 mark followed by a roughly 9% correction. For Sam Trabucco, a…

Michael Saylor Changes His Mind on Ethereum! Bitcoin & Ethereum set to EXPLODE in 2021! Crypto News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Michael Saylor (CEO MicroStrategy) has changed his mind on ethereum! Does this mean that he will add ETH to Microstrategy’s balance sheet? WATCH THE WHOLE VIDEO! Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (WATCH WHOLE VIDEO) 0:20 – Video Clip: Bitcoin only! There is no second best 1:33 – Video Clip: Michael Saylor Changes Mind On Ethereum 2:56 – Is Michael Saylor a…

Prepare For The Worst (PRICE CRASH)!? Bitcoin & Cryptocurrency Investor WARNING! 2021 Market Outlook

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What if this is MORE than just a dip? 2021 Crypto Market Outlook! WATCH WHOLE VIDEO! 👈👈👈 Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Video Clip 1: What if this is NOT a dip? – Michael Saylor Explains 1:26 – Introduction (WATCH WHOLE VIDEO) 2:38 – Video Clip 2: Aren’t you scared that the price dropped though? – Michael Saylor Explains 4:00 – Bitcoin…

Bitcoin Price Drops $1,000 In 12 Hours After Amazon Dispels Bitcoin Integration Rumors

Bitcoin price promptly lost $1,000 in 12 hours after an Amazon spokesperson confirmed that the company was not planning to add bitcoin to its platform. The price which had seen a major uptick in the price in the day following the news of the company accepting bitcoin has now started to correct back down. Amazon rumors circulated the market, contributing to major gains in the crypto market. Coins like Bitcoin and Dogecoin saw over 10% gains added to their prices in just 24 hours. The crypto market recorded significant gains…