Cryptocurrency Market Analysis

7 02, 2020

Ethereum Price Sets 2020 High — Are Investors Buying the ETH 2.0 Hype?

2020-02-07T20:20:00+00:00 February 7th, 2020|Crypto News|Comments Off on Ethereum Price Sets 2020 High — Are Investors Buying the ETH 2.0 Hype?

Altcoin price action has been the talk of the town for the past two weeks — and for good reason. Since the start of 2020, altcoins like Icon (ICX), AION and WanChain (WAN) have surged more than 200%, 120% and 60% respectively, leading some analysts to suggest that a new altcoin season has begun. Crypto market daily price chart. Source: Coin360Now, Ether (ETH) appears to have [...]

4 02, 2020

Traders Eyeing Next Key Support Zone if Bitcoin Price Goes Below $9K

2020-02-04T21:15:00+00:00 February 4th, 2020|Crypto News|Comments Off on Traders Eyeing Next Key Support Zone if Bitcoin Price Goes Below $9K

Bitcoin’s price (BTC) action has been relatively uneventful, especially when compared against the explosive price action of last week when the digital asset stomped through the $9K barrier and rallied all the way $9,530 for a strong monthly close. Bitcoin daily price chart. Source: Coin360This week all of the attention seems to be oriented towards Tesla, who’s stock traded around $250 in late October and today [...]

4 02, 2020

Can XRP Price Rally 180% Again if It Breaks 2-Year Downtrend?

2020-02-04T18:00:00+00:00 February 4th, 2020|Crypto News|Comments Off on Can XRP Price Rally 180% Again if It Breaks 2-Year Downtrend?

While many altcoins have been showing significant strength during the recent weeks, some have been lagging. One of these coins is XRP (XRP), which is still hovering around key support and has yet to show any upwards pressure recently. Exactly what is keeping XRP pinned under the descending trendline? Let’s find out through the charts. Crypto market daily performance. Source: Coin360XRP/BTC faces a 2-year downtrendXRP BTC 12-hour [...]

3 02, 2020

Top 3 Unknown Cryptos Outperforming Bitcoin in 2020: ICX, WAN, AION

2020-02-03T19:00:00+00:00 February 3rd, 2020|Crypto News|Comments Off on Top 3 Unknown Cryptos Outperforming Bitcoin in 2020: ICX, WAN, AION

Bitcoin (BTC) and large-cap cryptocurrencies have shown significant strength over the past few weeks but traders are also starting to pay attention to smaller cap coins. One of these coins is Icon (ICX), which has surged more than 200% over the past three weeks. Similarly, WanChain (WAN) and AION (AION) also gained 60% and 120%, therefore an analysis of these coins is warranted.Crypto market daily performance. [...]

3 02, 2020

Bitcoin Bull Market is Here But Will Not Top $100K in 2020 Says Trader

2020-02-03T00:13:00+00:00 February 3rd, 2020|Crypto News|Comments Off on Bitcoin Bull Market is Here But Will Not Top $100K in 2020 Says Trader

Bitcoin price (BTC) is holding around $9,445 after some impressive growth over the last few weeks. But is this the penultimate Bitcoin bull market that has been anticipated since the bear market ripped through traders emotions in 2018 and 2019, or is this another false rally that will leave hodlers disappointed and confused?Let’s take a look at the charts to find out!Daily crypto market performance. [...]

1 02, 2020

Portfolios with Bitcoin Allocation Outperform Traditional Investments

2020-02-01T22:16:00+00:00 February 1st, 2020|Crypto News|Comments Off on Portfolios with Bitcoin Allocation Outperform Traditional Investments

Bitcoin (BTC) was the best performing asset of the decade according to a recent report by Cointelegraph and earlier this week Morgan Creek Capital CEO, Mark Yusko, said that every investment portfolio should have a minimum 1% Bitcoin allocation. Yusko made the comments during an interview with Max Keiser on the Keiser Report, published on Jan. 30. Keiser also noted that portfolios with a 1% allocation [...]

1 02, 2020

Bitcoin Price Faces the Last Big Hurdle Before $10,000

2020-02-01T15:24:00+00:00 February 1st, 2020|Crypto News|Comments Off on Bitcoin Price Faces the Last Big Hurdle Before $10,000

Bitcoin price (BTC) kicked off 2020 with an incredible 37% gain in the month of January. Aside from that, support was found at $8,200 earlier this week. This support test resulted in a continuation of the upward momentum, leading the price towards $9,500.Is the price of Bitcoin ready to face $10,000?Crypto market daily performance. Source: Coin360Bitcoin shows strong monthly candle for JanuaryThe monthly candle closed [...]

31 01, 2020

Litecoin Price Gains 22% as Chart ‘Cup and Handle’ Targets $100

2020-01-31T07:17:00+00:00 January 31st, 2020|Crypto News|Comments Off on Litecoin Price Gains 22% as Chart ‘Cup and Handle’ Targets $100

On Jan. 30 Litecoin (LTC) lit up the charts in both it’s USD and Bitcoin (BTC) pars by rallying more than 20% to secure a spot as the highest daily gainer amongst the top-10 cryptos ranked by market capitalization. Crypto market daily price chart. Source: Coin360Investors will recall that in 2019, Litecoin front-ran the Ether (ETH) and Bitcoin rally by pumping more than 350% from January [...]

30 01, 2020

Bitcoin Price Climbs to $9,500 After Third Higher High in One Week

2020-01-30T20:27:00+00:00 January 30th, 2020|Crypto News|Comments Off on Bitcoin Price Climbs to $9,500 After Third Higher High in One Week

For the second time this week, Bitcoin (BTC) bulls have protested against any attempts to push the digital asset below the $9K mark. Earlier today, the price dropped slightly below $9,200 but the pullback stopped right at the Jan. 19 high at $9,198 before reversing to surge higher on a high volume spike.Bitcoin daily price chart. Source: Coin360The move to $9,530 set a daily higher [...]

29 01, 2020

Buy the Pump, Sell the Dump — Does Momentum Investing Work in Bitcoin?

2020-01-29T00:50:00+00:00 January 29th, 2020|Crypto News|Comments Off on Buy the Pump, Sell the Dump — Does Momentum Investing Work in Bitcoin?

Since the start of the year, Bitcoin (BTC) price has been as high as $9,200 — a 2-month high — while going as low as $6,900 on Jan. 3. Bitcoin’s volatility is one of the most frequently discussed issues that arise when investors evaluate Bitcoin as an asset class. However, its volatile behavior is what provides an opportunity for investors to take advantage of the [...]

23 01, 2020

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

2020-01-23T20:56:00+00:00 January 23rd, 2020|Crypto News|Comments Off on Litecoin ‘Digital Silver’ Narrative Is Proven Wrong, New Data Shows

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 [...]

22 01, 2020

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

2020-01-22T09:55:00+00:00 January 22nd, 2020|Crypto News|Comments Off on Bitcoin Risk-Adjusted Returns Beat Gold, Stocks After Each Halving

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 [...]

22 01, 2020

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|Comments Off on Bitcoin Price Tightens as Traders Prepare for a Second Shot at $9.2K

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 [...]

21 01, 2020

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

2020-01-21T21:35:00+00:00 January 21st, 2020|Crypto News|Comments Off on Ether, XRP, and DASH Push Higher as the Altcoin Market Gains Momentum

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 [...]

20 01, 2020

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|Comments Off on Bitcoin Price Tightens as Traders Eye the CME Gap and $8.2K Support

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 [...]

18 01, 2020

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

2020-01-18T14:48:00+00:00 January 18th, 2020|Crypto News|Comments Off on Bitcoin Price Ready to Push Above Key Resistance to Hit $10,000

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 [...]

18 01, 2020

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

2020-01-18T09:51:00+00:00 January 18th, 2020|Crypto News|Comments Off on New Analysis Finds That Mondays Are the Best Days to Buy Bitcoin

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 [...]

18 01, 2020

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

2020-01-18T01:57:00+00:00 January 18th, 2020|Crypto News|Comments Off on Mind the Gap: Identifying and Trading 4 Different Bitcoin Charts Gaps

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 [...]

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 [...]