Bitcoin Has Only Had One Other Rounded Top, And a Major Correction Followed

If the current price action is a top formation, then it doesn’t match the sharp spikes Bitcoin and blow-off tops the cryptocurrency is known for. Only one other time has a comparable rounded top formation appeared on BTCUSD price charts over the last ten years. And when it happened, a major correction followed. Should the first-ever cryptocurrency fail to pump soon and prove this trading range isn’t a top, then another collapse could be next. When Will The Confusing, Sideways Trading Range End and Crypto Break Out? The current Bitcoin…

Top Bitcoin Analyst: COVID19 Killed BTC’s Bull Run

In summary: Veteran Bitcoin analyst, Willy Woo, has concluded that the economic effects of COVID19 halted BTC’s bull run prior to and after halving. Woo is however optimistic that we are close to another bullish run. The longer it takes for Bitcoin to kick start on a bull season, the higher the probability it will set a higher peak price. Veteran Bitcoin analyst,Willy Woo, has confirmed that the global spread of the Coronavirus and the economic impact of the lockdowns that followed, was the major reason Bitcoin’s bull run due…

Top 10 Indian Cryptocurrency Exchanges In India

India, the beautiful country, popularly addressed by the term “unity in diversity”, started stepping towards digitalization. Cryptocurrencies got banned in its initial state by many countries and India is one among them.  Fortunately, in March, 2020, Supreme court of India, lifted the ban on Cryptocurrencies and opened the doors widely for the Virtual currencies.  The one and only place to get cryptos is Cryptocurrency Exchange Platform. This article is about the top 10 promising Cryptocurrency Exchanges in India. Top 10  Cryptocurrency Exchanges In India WazirX  WazirX tops the list because…

Lisk, aelf, Chainlink Top GitHub Activity Chart Surpassing Bitcoin, Ethereum, EOS

Open source projects depend on the public for source code improvement and maintenance. Since there is no consensus on digital asset valuation, the number of commits submitted to GitHub can be used to gauge ecosystem activity. Lisk, aelf, and Chainlink, respectively, are now the top three most active projects ranked by the number of submitted commits over the last 12 months according to data provided by CryptoMiso, June 8, 2020. Lisk Tops the Github Developer Activity Chart CryptoMiso ranks blockchain projects according to their developer activity. Herein, “activity” is defined…

Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, LINK, ADA, ETC

If Bitcoin can break above the overhead resistance, a few altcoins are likely to pick up momentum and provide short-term trading opportunities. When the price of an asset does not reverse direction from a critical resistance, it indicates that some traders are holding onto their positions in anticipation of a breakout. For the past month, Bitcoin (BTC) has been repeatedly revisiting the $10,000 levels and even though the bulls have not been able to sustain above this level, they have not given up much ground either. This suggests that traders…

Same Indicator That Predicted Bitcoin Rally Would Top at $10,500 Flips Bullish

On June 1st, Bitcoin surged just under $1,000 in mere hours, rallying from $9,500 to a high of $10,400. It was a move that made analysts immediately flip bullish on the flagship cryptocurrency. Chief executive of Real Vision Raoul Pal shared the below chart in the wake of the move with the following comment: “Here it is on a log scale… this is the biggest chart pattern break out thus far…” Crucial Bitcoin breakout chart shared by Real Vision CEO Raoul Pal (@RaoulGMI on Twitter). At the time, few expected the…

CoinMarketCap Introduces Another Algorithm Update, Binance Remains in Top Spot

Top crypto data aggregator CoinMarketCap (CMC) has introduced yet another algorithm update following its acquisition deal with Binance, according to a CMC blog post published yesterday.  The data provider, which was purchased for an unspecified sum by Binance in early April, has started adjusting its ranking system soon after the deal took place. As a result, Binance has come on top of its exchange ranking, drawing criticism from the community and other trading platforms.  Latest update brings more metrics to exchange rankings In its latest update, CMC implemented a new…

The Juggernaut Messaging App Will Allow Confidential Chats on Top of Bitcoin –

The Juggernaut Messaging App Will Allow Confidential Chats on Top of Bitcoin June 3, 2020 by Jeff Fawkes The new Juggernaut Messaging application built by a developer John Cantrell is presented on Medium. It allows people to communicate using Bitcoin and the Lightning Network. Also Read: Ai-Blockchain Issued Groundbreaking Patent for Cryptographic Digital Asset Ledger Solutions The new app is for tech-savvy gigs who want absolute privacy and want to support Bitcoin. Messages within the app are going via the Tor network. They also equipped with end-to-end encryption layers. The…

Top Traders Debate Future of BTC After Bitcoin Price Drops to $8.6K

The price of Bitcoin (BTC) suddenly dropped from $10,000 to $8,600 on BitMEX as nearly $140 million worth of long contracts were liquidated. The pullback came merely 16 hours after BTC surged to $10,473, testing the dreaded $10,500 resistance level. Bitcoin typically sees a heightened level of volatility when it approaches key dates. Crucial periods in the cryptocurrency market include CME futures expirations and the closure of a weekly or monthly candle. The 14% price plunge, which happened within merely five minutes, occurred without any futures or options expiration dates…

Holding Ripple’s XRP is “Not an Effective Strategy,” Argues Top Analyst

XRP, the underlying token of the Ripple’s flagship blockchain, is not a practical cryptocurrency for holding, said a top market analyst. The statements appeared in the wake of XRP’s dismissive performance in 2020 against its better-performing rivals, such as bitcoin. The analyst said the Ripple token could fall by another 50 percent before it pursues a retracement price rally. Holding XRP is not an effective strategy, says a top cryptocurrency analyst. The Ripple blockchain’s native asset is down by more than 91 percent from its all-time high, explained the pseudonymous trader,…