Cryptocurrency Market Analysis

14 01, 2020

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

2020-01-14T16:08:00+00:00 January 14th, 2020|Crypto News|Comments Off on Dash Price Up 70%, BSV Gains 300%: Is a Price Correction Imminent?

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 [...]

13 01, 2020

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

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 [...]

12 01, 2020

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

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. [...]

11 01, 2020

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

2020-01-11T15:49:00+00:00 January 11th, 2020|Crypto News|Comments Off on Bitcoin Price Is on the Verge of Breaking 7-Month Downtrend

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 [...]

11 01, 2020

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|Comments Off on New Data Suggests Bitcoin and Gold Aren’t as Correlated as You Think

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, [...]

10 01, 2020

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

2020-01-10T22:19:00+00:00 January 10th, 2020|Crypto News|Comments Off on Bitcoin Price Ready for Next Move Up After Rebound Above $8,000

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 [...]

7 01, 2020

4 Signs the Cryptocurrency Altcoin Market May Have Finally Bottomed

2020-01-07T18:38:00+00:00 January 7th, 2020|Crypto News|Comments Off on 4 Signs the Cryptocurrency Altcoin Market May Have Finally Bottomed

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 [...]

6 01, 2020

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

2020-01-06T12:34:00+00:00 January 6th, 2020|Crypto News|Comments Off on Bitcoin Price: First 4-Day Win Streak Since July Flips Charts Bullish

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 [...]

5 01, 2020

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

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 [...]

4 01, 2020

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

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 [...]

4 01, 2020

5 More Bearish Candlestick Patterns Every Bitcoin Trader Must Know

2020-01-04T09:16:00+00:00 January 4th, 2020|Crypto News|Comments Off on 5 More Bearish Candlestick Patterns Every Bitcoin Trader Must Know

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 [...]

3 01, 2020

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|Comments Off on Bitcoin Back Above $7K as a Higher Low Can Spark an Explosive Move

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 [...]

31 12, 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|Comments Off on XRP Price Lost 66% Against BTC in 2019 — Will the Pain End in 2020?

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% [...]

31 12, 2019

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

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. [...]

30 12, 2019

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

2019-12-30T14:04:00+00:00 December 30th, 2019|Crypto News|Comments Off on Bitcoin Now Likely to Revisit $6Ks After Failing to Break Resistance

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 [...]

29 12, 2019

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

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 [...]

29 12, 2019

5 More Bullish Candlestick Patterns Every Bitcoin Trader Should Know

2019-12-29T10:21:00+00:00 December 29th, 2019|Crypto News|Comments Off on 5 More Bullish Candlestick Patterns Every Bitcoin Trader Should Know

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 [...]

28 12, 2019

Bitcoin Price Takes Aim at $7.4K Resistance — $7.6K by Monthly Close?

2019-12-28T06:29:00+00:00 December 28th, 2019|Crypto News|Comments Off on Bitcoin Price Takes Aim at $7.4K Resistance — $7.6K by Monthly Close?

With the end of the year just a few days off, Bitcoin (BTC) looks set to close 2019 under $10,000. Despite the digital asset’s inability to change the bearish trend that has held a tight grip on price since June 26, the most recent price action has been a godsend for intraday traders playing the relatively predictable range.Cryptocurrency market daily overview. Source: Coin360Will volatility increase [...]

27 12, 2019

Someone Say Bear Market? Bitcoin Sets 3 Huge New Records in 2019

2019-12-27T12:24:00+00:00 December 27th, 2019|Crypto News|Comments Off on Someone Say Bear Market? Bitcoin Sets 3 Huge New Records in 2019

Bitcoin (BTC) was, in fact, anything but bearish in 2019, as new data shows its technical strength has reached levels never seen before.An examination of three metrics — Bitcoin’s transaction count, USD transaction volume and hash rate — confirms the largest cryptocurrency firmly beat off bearish sentiment this year.Over the past twelve months, those measures set new records, easily eclipsing previous performance. That included outdoing [...]

26 12, 2019

Bitcoin Fixed Supply Means Futures Aren’t a ‘Threat’ to Price — PlanB

2019-12-26T10:26:00+00:00 December 26th, 2019|Crypto News|Comments Off on Bitcoin Fixed Supply Means Futures Aren’t a ‘Threat’ to Price — PlanB

The Bitcoin (BTC) price analyst who created one of the industry’s best-known prediction models thinks futures markets will not undermine the cryptocurrency. In a Twitter debate on Dec. 26, PlanB, father of the Stock-to-Flow tool, dispelled fears that Bitcoin futures markets could negatively impact price.‘Inelastic’ supply preserves BTC“I don't see futures as a threat to #bitcoin,” he summarized.The comments follow months of speculation about futures in [...]

24 12, 2019

Bitcoin Pulls Back Down Into Futures Gap, But Is It Too Early for $8K?

2019-12-24T16:22:00+00:00 December 24th, 2019|Crypto News|Comments Off on Bitcoin Pulls Back Down Into Futures Gap, But Is It Too Early for $8K?

Bitcoin (BTC) finally recovered from its sharp drop last week and is currently hovering around $7,300, a move of more than ten percent since the latest low of $6,430. Crypto market daily performance. Source: Coin360However, the price of Bitcoin did touch $7,700 and made a sharp drop yesterday to close a CME futures gap at around $7,230. So is it time to be bearish, bullish, or neutral? [...]

22 12, 2019

Bitcoin Price: 2 Key Metrics Hint at Big Dip Before Next Bull Market

2019-12-22T11:23:00+00:00 December 22nd, 2019|Crypto News|Comments Off on Bitcoin Price: 2 Key Metrics Hint at Big Dip Before Next Bull Market

On Dec. 18 Bitcoin (BTC) price thrilled investors by providing a $1,000 move from $6,430 to $7,450 after bouncing off the descending channel trendline near $6,400. Multiple analysts from Cointelegraph contributor filbfilb to veteran commodities trader Peter Brandt all pointed to a popular logarithmic model that stressed the importance of the $6,400 level. BTC USD 3-day chart. Source: TradingViewThis week’s bounce off $6,400 is provided some short-term [...]

21 12, 2019

Ripple: XRP Price Lost 95% in 2 Years — Is It Time Now to Get Bullish?

2019-12-21T17:10:00+00:00 December 21st, 2019|Crypto News|Comments Off on Ripple: XRP Price Lost 95% in 2 Years — Is It Time Now to Get Bullish?

Altcoins dropped severely during the recent retracement of Bitcoin (BTC) price to $6,400, which increased Bitcoin’s dominance above 70%. One of these coins is XRP, which took a hit of 20% and is currently valued at $0.19 per coin — or the lowest value in over two years — after hitting as low as $0.178.Crypto market daily performance. Source: Coin360Nevertheless, the blockchain payments firm behind XRP, [...]

21 12, 2019

Bitcoin Price Diary: Long BTC From $6.5K and Back in Altcoin Positions

2019-12-21T08:56:00+00:00 December 21st, 2019|Crypto News|Comments Off on Bitcoin Price Diary: Long BTC From $6.5K and Back in Altcoin Positions

It has been a profitable week, largely because I caught the big Bitcoin (BTC) move up from the local bottom. I closed a majority of my altcoin trades, some on tight stops and others at a decent profit. Overall, I’m very happy with the results, although as I mentioned last week, I failed to take profit on certain alt trades when I had the chance and [...]

20 12, 2019

Bitcoin Price: Bear Market Isn’t Over Yet, But $7.6K May Change This

2019-12-20T15:49:00+00:00 December 20th, 2019|Crypto News|Comments Off on Bitcoin Price: Bear Market Isn’t Over Yet, But $7.6K May Change This

Bitcoin (BTC) is trading around $7,200 on Friday, the level that was found following a large swing to the upside on Wednesday. As we move into the weekend, the majority of cryptocurrencies are also trading higher. Nevertheless, Ether (ETH) is still struggling to regain $130 while XRP has been unable to reclaim $0.20 after the rejection on Wednesday.  Bitcoin dominance inches higherThis is highlighted in Bitcoin dominance, [...]