Cryptocurrency Market Analysis

Bitcoin price (BTC) dropped another 3.07% on Feb. 25, marking the second day of losses as global equities markets sharply corrected on fears of the Coronavirus spreading to more countries.Crypto market daily price chart. Source: Coin360Tweezer tops show supports becoming levels of resistanceThe price dropped below what analysts have labeled as crucial support at $9,450-$9,400 to a new 3-week low at $9,281. Similar to the [...]

The most energetic performers from the past period, Tezos (XTZ) and Chainlink (LINK), are now showing a heavy retracement. Tezos corrected 32% since its local high at $3.96, while Chainlink also corrected 25% since reaching a top at $4.87. Do the current pullbacks provide buy the dip opportunities, or will the altcoins slide further in the coming weeks? Let’s look at the charts. Crypto market daily performance. [...]

While the equity markets are taking a huge hit today, the cryptocurrency market and Bitcoin (BTC) price are remaining relatively stable over the weekend and into the start of this week. As the stock market pulls back traders will begin to speculate on whether the crypto market will react in a bearish or bullish manner. Is this just the calm before the storm?One thing to [...]

Compared to the price action of the previous two weeks, this weekend has been relatively relaxed for Bitcoin (BTC) traders. On Saturday the price came within $10 of $10,000 before pulling back to $9,794 and at the time of writing the price continues to meet resistance at $9,900.Crypto market daily price chart. Source: Coin360On the 6-hour timeframe, the volume profile visible range (VPVR) shows the [...]

Bitcoin (BTC) price has been testing the $10,000 mark this month as online metrics like the number of tweets and Google searches mentioning Bitcoin show a two year-high.Cryptocurrency market weekly overview. Source: Coin360Several relationships have been established between external factors and Bitcoin price evolution. Most notably, social media metrics like the number of tweets mentioning a particular cryptocurrency, the number of comments or posts in [...]

Bitcoin (BTC) bears took their pound of flesh last Wednesday. However, was this simply a long-overdue correction that was needed for Bitcoin to continue to rally to fresh highs?Today I’m going to look at the two scenarios that could play out next week.Daily crypto market performance. Source: Coin360.comThe bearish scenario for Bitcoin priceBTC USD daily chart. Source: TradingViewIt was a devastating blow for bulls last [...]

Over the past week, Bitcoin (BTC)and altcoins have taken a serious hit and currently, Bitcoin is still down 7.09% since topping out at $10,485 on Feb. 13. Many altcoins that bore the brunt of the sharp correction are still nursing their wounds and the double-dip correction of the past week appears to have investors cautious about piling back into cryptocurrencies. Crypto market daily price chart. Source: [...]

On Feb. 20 Bitcoin (BTC) price surprisingly dropped 8.85%, a move which caught many investors off guard as up to that moment the digital asset had recovered well from the President’s Day weekend correction and was trading sideways in the $10,200 range. Citing data from CoinMetrics, ARK Invest crypto analyst Yassine Elmandjra tweeted that the $1,000 price drop was the fifth largest USD correction to [...]

Up until the most recent correction, Bitcoin (BTC) price was repeatedly pushing above $10,300 and attempting to reach a 2020 high above $9,500. 2020 started with a strong upward trend and altcoins followed Bitcoin’s price action, as thoroughly reported in Cointelegraph.This aggregate trend leaves the door open for a full bullish period ahead since the last Bitcoin high growth period was between April and June [...]

The recent Bitcoin (BTC) price correction inflicted double-digit losses on many altcoins and while Ether (ETH) also took a knock, it recovered quickly compared to the price action of other top-ten altcoins. Since dropping 17.67% to $237.62 on Feb. 16,  Ether has rallied 20.78% to $285.99, less than $5 away from its 2020 high at $289.26. Currently, two of the three price targets discussed in previous [...]

Lately, the best-performing assets have been Chainlink (LINK) and Tezos (XTZ), which is noteworthy considering this is lengthy bullish price action from large-cap cryptos other than Bitcoin (BTC) and Ether (ETH). Chainlink is up 165% since the start of this year, while Tezos made a 180% upwards move. These upward movements warrant an analysis of the charts.Crypto market daily performance. Source: Coin360Tezos has one hurdle [...]

Bitcoin (BTC) price was unable to hold the psychological barrier of $10,000 and couldn’t break through the resistance of $10,400. This rejection caused a corrective move to $9,450, leaving a $400 CME gap behind. Following Bitcoin’s severe correction, many altcoins also retraced more than 10% over the weekend. But does this mean the bullish momentum is over? Crypto market daily performance. Source: Coin360Rejection at $10.4K triggers a [...]

Bitcoin (BTC) price reached a new 2020 high on Feb. 13, 2020, crossing $10,497 following a 42% gain since the start of the year. This appreciation in price has led crypto analysts to suggest that a new bull run is in its early stages and some estimate that the price will reach a new all-time high at $27,000 by summer. Other analysts believe the price [...]

Bitcoin (BTC) bulls were celebrating the digital asset’s recent surge above $10,000 for the first time this decade, but the smiles were short-lived as Bitcoin failed to hold above $10K for a meaningful amount of time.Is this another short-lived bull run like the seven times Bitcoin crossed $10K in 2019? Or is this time different?Daily crypto market performance. Source: Coin360.com$10K Bitcoin in 2019BTC USD daily [...]

The price of Bitcoin (BTC) broke the psychological barrier of $10,000 and is currently stabilizing above it. Not only Bitcoin has been showing strength, but altcoins have also been popping left and right. Is the bullish momentum back in the market? Let’s analyze the charts.Crypto market daily performance. Source: Coin360Bitcoin price hovering below a significant resistanceThe price of Bitcoin broke the psychological barrier of $10,000. [...]

Today popular market analyst and Cointelegraph contributor filbfilb joined veteran trader Tone Vays on his YouTube trading channel. During the discussion, each trader discussed their long and short-term vision of Bitcoin’s price (BTC) action, along with the various trading indicators and styles they use. According to Vays, Bitcoin’s price action on the weekly time frame remains strongly bullish as Bitcoin broke through multiple levels of resistance [...]

Bitcoin (BTC) has reached a record-high price for the year, and as the run-up to $10,000 occurred, Weiss Crypto Rating updated the asset to an A-. Recent news has also hinted at the possibility of the crypto market making a new bull run, which some analysts believe could lead Bitcoin’s price to reach a new all-time high, as reported by Cointelegraph. Meanwhile, altcoins have continued their [...]

On Feb. 12, the crypto market achieved a new milestone by climbing above the $300 billion market capitalization mark for the first time in 6-months. This shows interest in the sector continues to grow as a steady flow of funds enter the space. Since the start of 2020, the crypto market cap has increased from $218.4 billion to $303.1 billion, a 65.92% increase. At the same [...]

Today, as Bitcoin price (BTC) strives to achieve a new high, the crypto market achieved a $300 billion market capitalization. Over the past month, the figure has steadily increased from $218.4 billion to $303.1 billion, and the total market cap has gained 65.92% since the start of 2020.Crypto market daily price chart. Source: Coin360Earlier this week, Cointelegraph contributor Michaël van de Poppe discussed the significance [...]

For the second time in two weeks, Ether price (ETH) has notched a new 2020 high. This time the surge from $217.83 to $253.79 occurred as Bitcoin’s (BTC) price reversed course from $9,700s and rallied to a new high at $10,346.83. As Bitcoin rallied on Feb. 12, many altcoins pulled back in their BTC pairs but Ether succeeded in holding on to its gains and currently [...]

Bitcoin (BTC) price made a small correction yesterday as it dropped from $10,100 towards $9,800. However, today’s bullish momentum returned and the price bounced back above $10,000 to make a new 2020 high at $10,370. So is the continuation of bullish momentum likely? Let’s look at the charts to see what could occur next. Crypto market daily performance. Source: Coin360Bitcoin finds support at $9,800 and continues upwardsBTC [...]

Over the weekend Bitcoin (BTC) bulls showed impressive strength as the price punched through $10,000 for the first time in 2020. Interestingly, not only Bitcoin forks have been performing well recently, in fact, many altcoins are actually outperforming Bitcoin. The most recent notable performers are Tezos (XTZ), Lisk (LSK) and Binance Coin (BNB). Since the start of 2020 Tezos has surged 118% and Binance Coin 120%. [...]

Bitcoin (BTC) and other cryptocurrencies have been compared to FAANG (Facebook, Apple, Amazon, Netflix and Google) companies due to their network effects, as reported by Cointelegraph. The rationale that the increase in people using a platform makes its value increase exponentially — as it happens with Facebook or the App Store — is applied to cryptocurrencies at large: The more people that hold a crypto [...]

Recently, Bitcoin (BTC) has been picking up momentum as the halving in May 2020 moves closer. However, large-cap Bitcoin forks namely, Bitcoin SV and Bitcoin Cash, will have their own halvings in April and the effects are already showing. This year, they gained 270% (BSV) and 132% (BCH) already, compared to Bitcoin’s 40%. Crypto market daily performance. Source: Coin360Bitcoin SV breaks out of downtrendBSV USD 1-day [...]

After an impressive performance over the past two weeks, Bitcoin (BTC) price appears to be taking a breather which on Feb. 7 saw the price trade in the $9,730 to $9,800 range. The weekly high at $9,910 appears to be standing as resistance and the price traded sideways under this level throughout the day. Crypto market weekly price chart. Source: Coin360So far, $9,730 has functioned as [...]