Category: Market Analysis

Traders say Bitcoin price ‘needed pullback’ to maintain bullish momentum

January 16, 2021

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Analysts say Bitcoin price needed to “slow down” in order to maintain the bullish momentum needed for the next leg up. 34274 Total views 77 Total shares Bitcoin’s parabolic increase well above its previous all-time-high has many experiencing déjà vu from 2017 and a number of analysts are concerned the market is overdue for a […]

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THORChain (RUNE) rallies 35% as the entire DeFi sector turns bullish

January 10, 2021

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In the past week, a large number of altcoins have broken from their sideways ranges to post double-digit gains and it appears that investors are interpreting the current trend as a new ‘altcoin season’.  As historical data shows, these altcoin breakouts typically occur after Bitcoin (BTC) enters a consolidation phase after a sharp rally similar […]

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4 reasons why the top 15 richest Bitcoin wallets still matter in 2021

December 31, 2020

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Transparency is one of the most intriguing aspects of cryptocurrency and it was this openness that drew many early supporters to Bitcoin (BTC).  Blockchain technology makes all information associated with the network’s operation accessible for anyone interested in taking a look. Every known address, transaction, fee paid and other details relating to multisignature and SegWit […]

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Terra Protocol (LUNA) rallies 66% after DeFi and stablecoin launch

December 19, 2020

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Throughout 2020 a handful of new stablecoins launched and many analysts have suggested that stablecoin growth is the backbone of the crypto sector and partially responsible for the current Bitcoin rally. For many traders, stablecoins provide a safe place to shelter during volatile periods in Bitcoin and altcoins but there are other ways to interact […]

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Bitcoin price correction continues, dashing hopes of $20K in 2020

December 11, 2020

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Bitcoin (BTC) continues to be in correction mode with BTC price dropping below $17,600 on Dec. 11, the lowest level since November.  Bitcoin in a downtrend on lower timeframes Every beautiful rally comes to an end and gets followed by a corrective period. This correction seems to have started with the price currently down more than […]

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Data shows Bitcoin price drops days after BTC futures open interest hits $1B

November 27, 2020

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There was a time when BitMEX derivatives exchange reigned sovereign over other exchanges, and the company effectively held a 50% market share until July 2019. For this reason, traders kept a close eye on every indicator connected to BitMEX, including its funding rate, open interest, and basis. Open interest measures the total number of contracts […]

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Watch these two levels if Bitcoin price sees a major correction before $20K

November 18, 2020

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Bitcoin (BTC) is on the run, printing a new high with each day. After officially achieving a new all-time high by market cap, will Bitcoin finally break through that elusive $20,000 barrier once more, or will we first see a major correction? When correction? BTC/USD 1 week chart. Source: TradingView It’s hard to not get […]

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Ethereum price ascending channel breakout possible if Bitcoin consolidates

October 31, 2020

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Consolidation from Bitcoin would allow Ethereum to double bottom in its BTC pair and possibly breakout from the ascending channel in its USDT pair. 9439 Total views 61 Total shares In the past week, altcoins prices received a significant haircut, and investors who were light on Bitcoin (BTC) saw their portfolio value take a hit.  […]

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Ascending channel Bitcoin price breakout possible despite OKEx scandal

October 17, 2020

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Bitcoin price lost the bullish energy that took the price to $11.7K earlier this week but the current range may offer opportunities to swing traders. 12105 Total views 65 Total shares Earlier this week Bitcoin (BTC) price entered a bullish breakout to $11,725 following the previous week’s news that Square purchased $4,709 BTC but since […]

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