Charts

Bitcoin Could See a Major Breakout in The Coming Days; Here’s Why

Source Node: https://bitcoinist.com/bitcoin-could-see-a-major-breakout-in-the-coming-days-heres-why/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-could-see-a-major-breakout-in-the-coming-days-heres-why
Time Stamp: August 14, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has been stuck in a tight trading range throughout the past several days This has offered little insight into the cryptocurrency’s short-term trend, as both its buyers and sellers remain at an impasse As for where it may trend next, analysts now seem to believe that it is coiling up for a major breakout This could lead it well past $12,000 in the coming few weeks There are a few factors that suggest this type of movement is imminent, including Barstool Sports founder Dave Portnoy’s foray into BTC Bitcoin

Here’s How Low Ethereum May Need to Plunge Before it Can Rally Higher

Source Node: https://bitcoinist.com/heres-how-low-ethereum-may-need-to-plunge-before-it-can-rally-higher/?utm_source=rss&utm_medium=rss&utm_campaign=heres-how-low-ethereum-may-need-to-plunge-before-it-can-rally-higher
Time Stamp: August 14, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum saw a massive price spike yesterday that allowed it to shatter its previous resistance at $400 From here, the cryptocurrency rallied nearly 10% higher until it hit the $430 region, which is where it found some short-term resistance Although being incredibly strong at the present moment, analysts are noting that it may first need to see a deep pullback before its price can push any higher This may lead it as low as $360 in the near-term, but analysts are also noting that a bounce here could confirm a

Analyst Who Called Bitcoin’s Move to $3,000s Thinks This Comes Next

Source Node: https://bitcoinist.com/analyst-who-called-bitcoins-3000s-comes-next/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-who-called-bitcoins-3000s-comes-next
Time Stamp: August 13, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is pressing higher after consolidating in the mid-$11,000s for a number of days. As of the time of this article’s writing, the leading cryptocurrency trades for $11,800. BTC is up 2% in the past 24 hours, underperforming Ethereum’s 10% performance. A historically accurate analyst expects Bitcoin to press lower towards $11,000 one more time, then potentially break out. This is a sentiment differing from other analysts, who argue that Bitcoin is likely to break higher right away. Bitcoin Could Drop Towards $11,000 Once Again, Says Trader Who Predicted $3,000s

Bitcoin Prone to Seeing Downside as It Trades Below Key Level

Source Node: https://bitcoinist.com/bitcoin-prone-to-seeing-downside-as-it-trades-below-key-level/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-prone-to-seeing-downside-as-it-trades-below-key-level
Time Stamp: August 13, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin and the aggregated crypto market are struggling to extend the mid-term uptrend that has driven them higher over the past few weeks This has come about as BTC pushes up against insurmountable resistance at $12,000 – a level that it has been rejected at on multiple occasions Analysts are now noting that it may require a daily close above $11,900 for it to see further upside that sends it past this price level There are some positive signs that BTC is gearing up for a movement towards this level,

It’s a Critical Moment for Ethereum Following Latest Rejection at $400

Source Node: https://bitcoinist.com/its-a-critical-moment-for-ethereum-following-latest-rejection-at-400/?utm_source=rss&utm_medium=rss&utm_campaign=its-a-critical-moment-for-ethereum-following-latest-rejection-at-400
Time Stamp: August 13, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been struggling to garner any strong momentum over the past week Overnight it saw a sharp influx of buying pressure that sent its price rocketing past $400 for a brief moment This movement was short-lived, however, as the cryptocurrency then posted a strong retrace that sent it reeling back down towards the $380 region Analysts are now noting that it’s a pivotal time for ETH, with a potential decline here having grave long-term implications That being said, multiple traders are still leaning towards being bullish on Ethereum, with

Analyst: Bitcoin Likely to Tap $10,000 Unless Bulls Spark Strong Movement

Source Node: https://bitcoinist.com/analyst-bitcoin-likely-to-tap-10000-unless-bulls-spark-strong-movement/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-bitcoin-likely-to-tap-10000-unless-bulls-spark-strong-movement
Time Stamp: August 13, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has been oscillating between the lower and mid-$11,000 region throughout the past few days This rocky price action comes close on the heels of the harsh rejection at $12,000 that it posted this past weekend The cryptocurrency will likely continue struggling to garner any momentum as long as hovers below the upper-$11,000 region, which is where it faces some resistance Analysts do believe that some near-term downside could be imminent in the days and weeks ahead One trader is setting his sights on a move towards $10,000 Bitcoin and

Analyst Who Called Bitcoin’s Tuesday Low Expects a Move to $13,000

Source Node: https://bitcoinist.com/analyst-who-called-bitcoin-tuesday-low-move-13000/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-who-called-bitcoin-tuesday-low-move-13000
Time Stamp: August 12, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has bounced strongly after plunging as low as $11,100 on Tuesday. As of the time of this article’s writing, the leading cryptocurrency trades for $11,600 on leading exchanges. This is just under 5% above yesterday’s lows. An analyst that called that the cryptocurrency would bottom in the $11,100-11,200 region says that the asset is primed to move to $13,000. Other analysts think Bitcoin will do so. They note that since the cryptocurrency is holding above $11,500, it remains in a bullish medium-term state. Technically speaking, there is some resistance

Bitcoin Could Retrace to $9,000 if it Breaks Below This One Key Level

Source Node: https://bitcoinist.com/bitcoin-could-retrace-to-9000-if-it-breaks-below-this-one-key-level/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-could-retrace-to-9000-if-it-breaks-below-this-one-key-level
Time Stamp: August 12, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is now hovering within the mid-$11,000 region following the intense bout of selling pressure it witnessed yesterday The decline beneath $11,200 was quickly absorbed by bulls, although BTC remains in a somewhat precarious position One analyst is pointing to massive support just below where the crypto is currently trading as a bullish factor That being said, other traders are cautioning that BTC is getting closer to a key level that could lead the crypto down to $9,000 if it is broken below Bitcoin and the aggregated cryptocurrency market is

Ethereum is at Risk of Losing a Crucial Level Following Yesterday’s Selloff

Source Node: https://bitcoinist.com/ethereum-is-at-risk-of-losing-a-crucial-level-following-yesterdays-selloff/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-is-at-risk-of-losing-a-crucial-level-following-yesterdays-selloff
Time Stamp: August 12, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been closely tracking Bitcoin’s price action in recent weeks, which caused it to see some intense bearishness yesterday The cryptocurrency’s price dove as low as $367 once the selling pressure began peaking From this point, it saw a strong rebound that allowed it to recapture that vast majority of these losses It now appears to be well-positioned to see slightly further near-term upside One analyst believes that this latest dip did put ETH at grave risk of seeing a notable selloff There’s one key level that bulls must

Bitcoin Bulls Defend Critical Support; Here’s Where it May Go Next

Source Node: https://bitcoinist.com/bitcoin-bulls-defend-critical-support-heres-where-it-may-go-next/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-bulls-defend-critical-support-heres-where-it-may-go-next
Time Stamp: August 12, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin saw a notable drawdown yesterday that came about after bulls once again failed to break the $12,000 resistance level This led BTC to lows of $11,200 that were ardently guarded by its buyers, and it has since bounced slightly The ongoing bounce likely marks bulls attempt to regain control over the digital asset Analysts are noting that it may be well-positioned to see further upside now that it has confirmed the lower-$11,000 region as heavy support Bitcoin and the aggregated cryptocurrency market has seen some turbulence over the past

Cointelegraph Launches Newsletter for Professional Investors

Source Node: https://cointelegraph.com/news/cointelegraph-launches-newsletter-for-professional-investors
Time Stamp: August 12, 2020 10:31 AM - Modified On: May 21, 2021 - Published By:
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Every 1st and 15th, Cointelegraph Consulting provides the latest inside scoop on cryptocurrency price action and rationale in its Market Insights newsletter. Here’s a preview of one of this month’s editions. Editor’s noteCrypto asset prices have flown upward in recent weeks, with various altcoins posting gains reminiscent of the great 2017 digital asset bubble. Assets such as Chainlink (LINK) and Band Protocol (BAND) have tallied triple digits percentage gains. Bitcoin (BTC), the industry’s pioneer asset, has also shown significant upside action. The asset travelled up slightly past $12,000 on Aug. 2 before

A Top Gold Bull Thinks an Exponential Bitcoin Price Expansion Is Imminent

Source Node: https://bitcoinist.com/top-gold-bull-exponential-bitcoin-price-expansion-imminent/?utm_source=rss&utm_medium=rss&utm_campaign=top-gold-bull-exponential-bitcoin-price-expansion-imminent
Time Stamp: August 12, 2020 6:00 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin has stalled after failing to hold above $12,000 for the second time in two weeks. The cryptocurrency trades at $11,450 as of this article’s writing, below the ever-important $11,500 level. Despite this weakness in the price of BTC, analysts remain long-term bullish on this nascent market. Joining his contemporary Raoul Pal, macro investor and gold bull Dan Tapiero says Bitcoin could soon go exponential. In a tweet published on August 10th, the BTC bull mentioned that the asset could literally 5-10x in the years ahead. This is a sentiment