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January 2020

Litecoin ‘Digital Silver’ Narrative Is Proven Wrong, New Data Shows

2020-01-23T20:56:00+00:00 January 23rd, 2020|Crypto News|

The start of 2020 has seen considerable gains in the cryptocurrency market as a whole. Recently, Bitcoin (BTC) price reached a 2-month record high crossing above the $9,000 mark as well as other cryptocurrencies such as Litecoin (LTC) reaching $62.80 which is the highest price seen since mid-November 2018.Cryptocurrency market weekly overview. Source: Coin360Cryptocurrencies’ volatile behavior is one of the main concerns raised by researchers [...]

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Bitcoin Risk-Adjusted Returns Beat Gold, Stocks After Each Halving

2020-01-22T09:55:00+00:00 January 22nd, 2020|Crypto News|

Bitcoin (BTC) outperforms major assets such as gold, real estate and stocks if an investor holds it for just four years, popular data confirms.Highlighting the success of Bitcoin as an investment tool on Jan. 22, veteran cryptographer Nick Szabo noted Bitcoin is so far unmatched compared to many other assets broadly considered profitable. Szabo: BTC hodlers “have low time preference”Szabo linked to a chart from statistics [...]

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Bitcoin Price Tightens as Traders Prepare for a Second Shot at $9.2K

2020-01-22T06:42:00+00:00 January 22nd, 2020|Crypto News|

After a strong two week performance that saw Bitcoin (BTC) price rise from $7,700 to $9,200, the top crypto asset appears to be consolidating before making another attempt at $9,200. As this process takes place and Bitcoin’s dominance rate dropped slightly, many altcoins rallied with double-digit gains which brought many to test or even push above their 2-year long descending trendlines. Most notably, the ETH/BTC pair [...]

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Ether, XRP, and DASH Push Higher as the Altcoin Market Gains Momentum

2020-01-21T21:35:00+00:00 January 21st, 2020|Crypto News|

Altcoins have been stealing the show recently, as some large caps have seen tremendous surges along the field. Bitcoin Cash ABC (BCH), Bitcoin Cash SV (BSV), Dash (DASH), and Ethereum Classic (ETC) have all shown increases of more than a hundred percent recently but it is a bit premature to be calling for celebrations at the new altcoin season? Perhaps no, but at least it’s [...]

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Bitcoin Price Tightens as Traders Eye the CME Gap and $8.2K Support

2020-01-20T19:59:00+00:00 January 20th, 2020|Crypto News|

The price of Bitcoin (BTC) tumbled down from $9,200 to $8,450 yesterday. However, bulls are defending the $8,600 level with strength. The market needs to find a support area before the continuation of the bullish momentum is likely. Did the market find one already? Crypto market daily performance. Source: Coin360Bitcoin price finds resistance at $9,200The price of Bitcoin rallied towards the $9,200 level through the past [...]

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Bitcoin Price Ready to Push Above Key Resistance to Hit $10,000

2020-01-18T14:48:00+00:00 January 18th, 2020|Crypto News|

Bitcoin (BTC) price sees a tremendous start of the year as it surged 25% year-to-date. Not only has Bitcoin been flourishing over the past few weeks, but altcoins have also been following along. Will Bitcoin continue the upward momentum, or is it a temporary top close?Crypto market daily performance. Source: Coin360Bitcoin breaks the 7-month downtrendThe price of Bitcoin broke through the downtrend a few weeks [...]

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New Analysis Finds That Mondays Are the Best Days to Buy Bitcoin

2020-01-18T09:51:00+00:00 January 18th, 2020|Crypto News|

This week saw Bitcoin price (BTC) hitting the $9,000 barrier amid the launch of CME Bitcoin options and Plaid’s acquisition by Visa, reaching a record price for the last two months. Bitcoin’s 27% price gain since the beginning of the year along with the future bullish scenarios laid down by investors may attract new crypto holders. But since BTC/USD is traded 24/7, new investors may be [...]

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Mind the Gap: Identifying and Trading 4 Different Bitcoin Charts Gaps

2020-01-18T01:57:00+00:00 January 18th, 2020|Crypto News|

The talk of the crypto community in the past few months has been the gaps on the Bitcoin (BTC) CME (Chicago Mercantile Exchange) futures chart. Bitcoin trades 24/7 on major exchanges but does not trade on weekends on the CME. This often creates a gap, or empty space on the chart when trading resumes on the CME.There is a famous saying in Physics: “nature abhors [...]

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Dash Price Up 70%, BSV Gains 300%: Is a Price Correction Imminent?

2020-01-14T16:08:00+00:00 January 14th, 2020|Crypto News|

Bitcoin (BTC) has been showing strength recently, as it surged from $6,900 to $8,500 in a matter of two weeks. Not only has Bitcoin sees a period of growth, but privacy coins and Bitcoin forks have also been showing a similar move.Crypto market daily performance. Source: Coin360Dash (DASH) is up 70% in four days, while ZCash (ZEC) is up 45% in the same amount of [...]

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Bitcoin Holding $8K as Support but What Will it Take to Break $10K?

2020-01-13T18:19:00+00:00 January 13th, 2020|Crypto News|

Bitcoin price (BTC) closed the week at $8,180 representing an 11% gain for the week after struggling to break the resistance at $7,600 for most of November and December. The price is down around 1% on Monday but the bulls have retained the $8K handle.Total market cap excluding Bitcoin was up 12.5% last week meaning that altcoins are starting to gain some market share from [...]

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Bitcoin Price $4K by April? One Big Reason to Not Be Bullish Just Yet

2020-01-12T17:13:00+00:00 January 12th, 2020|Crypto News|

Bitcoin price (BTC) increased over 10% over the past week, so it didn’t take long for the usual crypto Twitter suspects to start screaming that they are all bullish now. Even I saw some bullish momentum as outlined in last week's analysis, but have we seen the bottom yet? Or is there more downside to come before we resume a bull trend?Daily crypto market performance. [...]

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Bitcoin Price Is on the Verge of Breaking 7-Month Downtrend

2020-01-11T15:49:00+00:00 January 11th, 2020|Crypto News|

The price of Bitcoin (BTC) broke out of a 2-month range and rallied to $8,400 during this week. However, the price couldn’t break out of the downtrend and is stuck in a new range.Is the price of Bitcoin already in a bull market, or is the price expecting continuation downwards?Crypto market daily performance. Source: Coin360Bitcoin price is hovering below resistance and trendlineThe chart of Bitcoin [...]

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New Data Suggests Bitcoin and Gold Aren’t as Correlated as You Think

2020-01-11T01:16:00+00:00 January 11th, 2020|Crypto News|

Bitcoin’s (BTC) classification has been a controversial and difficult topic for crypto-enthusiasts, investors, and regulators to reach a consensus on. The digital asset has been compared to a currency, a commodity, an investment asset or even said to have no underlying value. However, from the perspective of regulators, Bitcoin has been mostly associated and studied as a commodity, especially in relation to gold. In fact, [...]

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Bitcoin Price Ready for Next Move Up After Rebound Above $8,000

2020-01-10T22:19:00+00:00 January 10th, 2020|Crypto News|

On Friday Bitcoin (BTC) price reclaimed $8,000 as bulls appear to be setting their sights on a second go at the weekly high at $8,473. Earlier in the week, crypto-media speculated that the price run-up to $8,473 was fuelled by fear of a war breaking out between the United States and Iran.Then, as the price pulled back after U.S. President Donald Trump declined to further [...]

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4 Signs the Cryptocurrency Altcoin Market May Have Finally Bottomed

2020-01-07T18:38:00+00:00 January 7th, 2020|Crypto News|

Bitcoin (BTC) made a sudden jump of 9% in the past 24 hours. However, altcoin cryptocurrencies have been showing strength recently as well.Recent surges from large caps have been in the double digits with Dash (DASH) surging 50% and Bitcoin Cash (BCH) 30% in the past four days. Is it possible to draw a conclusion that the altcoin market capitalization is potentially bottoming? Let’s find [...]

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Bitcoin Price: First 4-Day Win Streak Since July Flips Charts Bullish

2020-01-06T12:34:00+00:00 January 6th, 2020|Crypto News|

Bitcoin (BTC) closed the week down 0.39% at $7,356 having recovered very quickly from a daily close, which saw BTC trading down at $6,850 for a short period on Friday morning. Since then, Bitcoin has recovered over 10% and is once again pushing hard against resistance on Monday. All other cryptos are up over the last 24 hours, most outperforming Bitcoin, with XRP being up close [...]

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Bitcoin Nears $7.5K: Why a Bull Market Is Closer Than You May Think

2020-01-05T17:26:00+00:00 January 5th, 2020|Crypto News|

Bitcoin price (BTC) is currently resting just shy of $7,500 after an impressive rally from around $6,850 on Friday, Jan. 3. Does this mean the bulls have taken control? Or is this a final relief rally before Bitcoin drops to fresh lows? Daily crypto market performance. Source: Coin360.comDid exchanges manipulate price action?In last week’s analysis, I highlighted that the CME gap is becoming a regular trading [...]

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Here’s What Must Happen for $9K Bitcoin Price in the Coming Months

2020-01-04T15:55:00+00:00 January 4th, 2020|Crypto News|

Bitcoin (BTC) made a sudden jump of 8% yesterday and is currently hovering at around $7,300. As the price bounced from $6,900, a higher low is presenting itself on the chart, but does this mean that the bottom is there? Crypto market daily performance. Source: Coin360Bitcoin still stuck in sideways range and downtrendBTC USD 1-day chart. Source: TradingViewThe price of Bitcoin is still moving inside this [...]

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5 More Bearish Candlestick Patterns Every Bitcoin Trader Must Know

2020-01-04T09:16:00+00:00 January 4th, 2020|Crypto News|

Many traders like to play both sides of an asset’s price action. But in order to play the bullish and bearish trends, one needs to be aware of the positive and negative signals contained within various candlestick patterns. Knowing how to interpret candlesticks adds insight to the signal provided by various technical analysis indicators and the path a digital asset might take. Here are five more bearish [...]

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Bitcoin Back Above $7K as a Higher Low Can Spark an Explosive Move

2020-01-03T16:34:00+00:00 January 3rd, 2020|Crypto News|

Bitcoin (BTC) bounced back from an early morning sell-off, reaching highs for the day of $7,375, a swing of 7.5% from the lows of $6,854.Other major cryptocurrencies also made similar moves in price, with Ether (ETH) regaining $130 having traded as low as $125.50 and XRP reclaiming $0.19 having previously traded at $0.185.Bitcoin dominance remains above 68% and looks like it’s on its way to [...]

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December 2019

XRP Price Lost 66% Against BTC in 2019 — Will the Pain End in 2020?

2019-12-31T14:28:00+00:00 December 31st, 2019|Crypto News|

Bitcoin (BTC) price has seen a significant increase in 2019 (by more than 100%), while altcoins are actually down significantly from the beginning of the year. Moreover, most altcoin/BTC pairs have been hitting new lows, and many of the coins are still trending downwards, looking for potential support.Crypto market daily performance. Source: Coin360One of these coins is XRP (XRP), which has seen a decrease of 50% [...]

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BitMEX Ends Year With Additional 13K BTC in Its Insurance Fund, Up 61%

2019-12-31T08:58:00+00:00 December 31st, 2019|Crypto News|

The BitMEX Insurance Fund has added nearly 13,000 BTC in 2019, reaching a total of just over 33,491 BTC as of Dec. 30. This is equivalent to 0.19% of the total Bitcoin in circulation, based on the data available at Blockchain.com. The fund, which the cryptocurrency exchange set up to ensure that liquidation orders related to leveraged positions are filled, ended 2018 with almost 20,800 BTC. [...]

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Bitcoin Now Likely to Revisit $6Ks After Failing to Break Resistance

2019-12-30T14:04:00+00:00 December 30th, 2019|Crypto News|

Bitcoin (BTC) closed the week at $7,385, which represented a 1.71% reduction in valuation. The lows for the week were some 4.5% lower at $7,053. But a strong close meant that Bitcoin maintained the $7K handle throughout the week.Looking at performance relative to its peers, Ether (ETH) and XRP both outperformed Bitcoin last week against the United States dollar, which is counter-trend to what has [...]

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Bitcoin Price Could Rally to $9K Before a Massive Collapse, Here’s Why

2019-12-29T18:58:00+00:00 December 29th, 2019|Crypto News|

Bitcoin price (BTC) has been in a sidewards range for several weeks now, with some people on team bear calling for fresh lows in the region of $3,000 while the bulls have been calling for astronomical all-time highs soon. One thing that is apparent in the market, is that you have to take it one week at a time.With Bitcoin currently heading towards the mid-$7,000 [...]

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5 More Bullish Candlestick Patterns Every Bitcoin Trader Should Know

2019-12-29T10:21:00+00:00 December 29th, 2019|Crypto News|

Trading Bitcoin (BTC), crypto and other assets can be intimidating for those new to the investing scene; and even veteran investors go through bouts of uncertainty where they second guess themselves, trade from their gut, and only truly see the signals an asset was flashing when provided with the benefit of hindsight. For many new traders the sight of lines, squiggly oscillators, randomly numbered moving averages [...]

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