Level

Here’s the Level Bitcoin Traders Should Be Watching for the Weekly Close

Source Node: https://bitcoinist.com/level-bitcoin-traders-watching-weekly-close/?utm_source=rss&utm_medium=rss&utm_campaign=level-bitcoin-traders-watching-weekly-close
Time Stamp: August 16, 2020 6:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin’s weekly candle close is coming up. It is set to take place in around two hours after this article’s publishing time. BTC is trading flat in the past 24 hours, having found support in the $11,800 region. Bitcoin traded at $12,000 on Saturday. The weekly candle close has long been an important event to watch for traders across the industry. Here’s the level that analysts are watching for Bitcoin to confirm their bullish bias moving forward. If BTC closes above the level in question, there are analysts eyeing a

Ethereum Price Falters Around $430 as ETH2 Testnet Experiences Outage

Source Node: https://bitcoinist.com/ethereum-price-falters-430-eth2-testnet-outage/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-price-falters-430-eth2-testnet-outage
Time Stamp: August 16, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum’s price has begun to falter after surging higher late last week. The cryptocurrency trades at $430 as of this article’s writing, which is a few percent below and a few percent above the local highs and lows, respectively. ETH is flat in the past 24 hours, trading down by a negligible 0.15%. The stagnation in the value of the leading cryptocurrency comes as the Ethereum 2.0 (ETH2) testnet has experienced an outage. It is unclear if the price action and outage are correlated, but ETH2 is a fundamental driver.

Ethereum Faces a Critical Weekly Close as Bears Shatter Key Support

Source Node: https://bitcoinist.com/ethereum-faces-a-critical-weekly-close-as-bears-shatter-key-support/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-faces-a-critical-weekly-close-as-bears-shatter-key-support
Time Stamp: August 16, 2020 3:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been struggling to maintain its momentum ever since it peaked within the $440 region The cryptocurrency is now trading right around a crucial support level that bears were able to shatter overnight Bulls are now moving the reclaim the cryptocurrency’s position above this level Whether or not it can hold above this level as its weekly close fast approaches should provide investors with significant insight into its near-term outlook Analysts are noting that a firm close above this level could allow it to see a sharp and swift

Here’s How High One Trader Expects Bitcoin to Climb Before Forming a Top

Source Node: https://bitcoinist.com/heres-how-high-one-trader-expects-bitcoin-to-climb-before-forming-a-top/?utm_source=rss&utm_medium=rss&utm_campaign=heres-how-high-one-trader-expects-bitcoin-to-climb-before-forming-a-top
Time Stamp: August 16, 2020 12:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin faced yet another $12,000 rejection yesterday that caused the cryptocurrency’s price to reel down towards $11,700 This level appears to have been established as support, as buyers ardently defended against any break below it It now appears that the crypto’s short-term technical outlook remains unchanged, as BTC is still consolidating within the upper-$11,000 region As for where it may go next, one analyst explained that he is looking towards $13,000 as a near-term target He does note that the visit to this level may mark a mid-term top for

Bitcoin ‘Whale Clusters’ Show $14K as Pivotal for BTC Price Bull Run

Source Node: https://cointelegraph.com/news/bitcoin-whale-clusters-show-14k-as-pivotal-for-btc-price-bull-run
Time Stamp: August 16, 2020 8:35 AM - Modified On: May 21, 2021 - Published By:
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David Puell, an on-chain analyst, laid out several key data points on Aug. 16 based on the past 4-year cycle of Bitcoin (BTC). Data show that the $14,000 level is a crucial price point for Bitcoin due to whale clusters.According to Puell, whale clusters show many large buyers bought in the $9,000 to $12,000 range. Whales that bought at $9,000 are seeing relatively high profits, and those that bought the top are at a breakeven point.The clusters could result in a volatile price action where buyers and sellers aggressively try

Blockchain Phones and Bitcoin Watches: Revisiting the Crypto Tech Hype

Source Node: https://cointelegraph.com/news/blockchain-phones-and-bitcoin-watches-revisiting-the-crypto-tech-hype
Time Stamp: August 16, 2020 2:00 AM - Modified On: May 21, 2021 - Published By:
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Talk of cryptocurrency and blockchain-powered gadgets inevitably spiked alongside the hype for token prices. But looking back, have they delivered any meaningful changes to users, or are they just another result of the hype synonymous with the space? The surge of interest in the space came to a head in 2017 as Bitcoin (BTC) hit never-before-seen highs of around $20,000 before crashing dramatically and entering the bearish crypto winter. While the collapse left devastation in its wake, the months of focus brought Bitcoin, cryptocurrency and blockchain technology into the mainstream consciousness

Bulls Stampede Toward $12K Bitcoin Price as Weekly Close Approaches

Source Node: https://cointelegraph.com/news/bulls-stampede-toward-12k-bitcoin-price-as-weekly-close-approaches
Time Stamp: August 15, 2020 7:32 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin price is making a strong push toward $12,000 with just 24-hours before the weekly close occursDespite multiple rejections at the $12K mark, BTC continues to make higher lows and traders are buying dips at underlying support levelsChainlink reached a new all-time high at $19.80 and Ether is struggling to push above $430Cryptocurrency daily market performance snapshot. Source: Coin360Typically, for Bitcoin (BTC), weekends are marked by reduced trading volume as day traders take a break and the CME Bitcoin markets are closed. Experienced traders will also know that exchange order books

Analyst Who Predicted Bitcoin’s 2018 Bottom Expects a Move to $14k

Source Node: https://bitcoinist.com/analyst-predicted-bitcoins-2018-bottom-expects-move-14k/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-predicted-bitcoins-2018-bottom-expects-move-14k
Time Stamp: August 14, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is stagnating in the high-$11,000s once again despite Ethereum breaking higher. BTC trades at $11,800 as of this article’s writing, meaning the asset remains below the critical $12,000 level. An analyst thinks Bitcoin is poised to move to $14,000 in the near future. The analyst in question is one that has been historically accurate with his price calls. He famously predicted BTC would bottom 2018’s bear trend at $3,200 months before it did. Others think that BTC is primed to move to $14,000, citing technical and fundamental reasonings. Bitcoin

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

Cryptocurrency News Roundup for August 14, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-august-14-2020/
Time Stamp: August 14, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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In a polarising move that has drawn mixed reaction from the company’s user-base, cryptocurrency exchange BitMEX announced today that it’s making KYC verification mandatory on the platform. The noises surrounding the move are hardly surprising given that privacy and easy-registration were two of the primary factors that contributed to the exchange’s growing popularity. Some BitMEX users are, however, in favor of the decision as it may help the exchange improve its security and appeal to would-be customers. All said and done, the u-turn into a conventional exchange underlines the impact

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