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“# Bitcoin’s weekly MACD just crossed bullish for the first time in 11 months ” Bitcoin (BTC) kept traders guessing later on Aug. 18 as one forecast said that a $40,000 dip would be the “most obvious” next move. BTC/USD 1-hour candle chart. Source: TradingView.com $37,000 is last chance saloon for BTC Data from Cointelegraph…
“# Bitcoin bulls at risk? Tether growth rate flatlines despite market cap crossing $64B ” Tether Holdings Ltd, the issuer of the largest stablecoin, Tether (USDT), reported that its total market capitalization had crossed $64 billion for the first time in history. The company called the event a “milestone,” adding that it is another indication…
“# Ethereum ‘liquidity crisis’ could see new ETH all-time high before Bitcoin — Analyst ” Ethereum‘s native token, Ether (ETH), may beat Bitcoin (BTC) to new all-time highs, fresh analysis reveals. In a tweet on Wednesday, Ki Young Ju, CEO of on-chain analytics service CryptoQuant, highlighted a “sell-side liquidity crisis” that could yet give ETH…
“# Bitcoin ‘will remind everyone who the king is’ says trader as BTC dips to $44K ” Bitcoin (BTC) fell to test $44,000 on Aug. 18 with traders still bullish on new all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Eyes on $42,000 for higher low Data from Cointelegraph Markets Pro and TradingView showed…
“# Analysts say this key metric suggests an altcoin season is at hand ” Bitcoin’s (BTC) 65% recovery from sub $29,500 on July 20 to a swing high at $48,200 on Aug. 14 took less than a month and helped bring fresh bullish momentum back to the crypto market and traders who were dreading the…
“# Cryptocurrency derivatives market shows growth despite regulatory FUD ” The cryptocurrency market has successfully rebounded from the two-month slump it had gone into from late May to the end of July. Bitcoin (BTC) and Ethereum (ETH) have been leading the charge, posting impressive gains over the last two weeks. The market is seeing price…
“# Bitcoin set to replace gold, says Bloomberg strategist on Bretton Woods’ 50th anniversary ” Bitcoin (BTC) is replacing gold even as United States’ regulators attempt to disrupt its advance, said Mike McGlone of Bloomberg Intelligence on Monday. The senior commodity market strategist credited the “digitization of money and finance” behind the Bitcoin market’s superior…
“# Bitcoin can see $55K breakout if last major BTC price resistance is broken — Analyst ” Bitcoin (BTC) touched $47,000 on Tuesday as ranging behavior continued to hint at an attack on major resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Volatility narrows for Bitcoin Data from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting…
“# 3 ways this Bitcoin bull run is different than late 2020 ” Bitcoin (BTC) is getting compared to late 2020, but this rally in fact has several major differences which make it “not normal.” According to Pete Humiston, manager of Kraken Intelligence Research, Bitcoin in Q3 2021 is a different beast when compared to…
“# Analysts say $46,500 is the key level for Bitcoin to flip to support ” The double-digit rallies seen from many altcoins shows traders are becoming increasingly bullish with the passing of each day, but maintaining this momentum will to some extent depend on Bitcoin’s (BTC) short-term price action. Data from Cointelegraph Markets Pro and…