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“# Bullish divergence, TD9 ‘buy signal’ align for a new Bitcoin relief rally ” The price of Bitcoin (BTC) has rebounded strongly from sub-$17,600 to $18,400 in the past 24 hours. Now, two major technical indicators are signaling the likelihood for a larger relief rally. The 4-hour price chart of Bitcoin is showing a bullish…
“# Bitcoin whale clusters pinpoint $18.6K as key short-term resistance ” The price of Bitcoin (BTC) has started to recover on Dec. 12 after briefly dropping below $17,700 yesterday. Whale clusters show that the $18,600 level remains the biggest short-term roadblock for BTC. Whale clusters form at a price point where whales accumulate Bitcoin and…
“# Waves pivot toward DeFi, staking and interoperability triggers 107% rally ” The first half of 2020 was pretty tumultous for Waves (WAVES), as the altcoin underperformed Ether (ETH) price by 36%. Waves (WAVES) in ETH terms. Source: Digital Assets Data While it was once a top-20 cryptocurrency for a brief period back in Dec….
“# Anthony Pompliano breaks down his Bitcoin outlook for 2021 ” In an exclusive interview with Cointelegraph, Pomp reaffirmed the Bitcoin price prediction he made back in 2019. “It’s going to be pretty aggressive. I am pretty confident in Bitcoin to $100K by the end of 2021.” Together with favorable macroeconomic conditions, Pompliano sees the…
“# Bitcoin price correction continues, dashing hopes of $20K in 2020 ” 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….
“# YFI, AAVE, COMP plunge 10% — 3 reasons DeFi is seeing a huge correction ” Major decentralized finance (DeFi) tokens Yearn.finance (YFI), AAVE and Compound (COMP) plunged steeply in the last 24 hours. The three DeFi tokens, which are valued well over $500 million, declined by over 10% on the day. Yearn.finance, AAVE, COMP 15-minute…
“# The Yearn.finance effect: Why SushiSwap (SUSHI) rallied 75% in 1 week ” The price of SUSHI, the native token of SushiSwap decentralized exchange, has rallied 38% in the past 10 days. At its monthly peak, the governance token had achieved a 75% price increase but the recent 10% pullback in Bitcoin price has weighted…
“# Real-world use cases for Nexo, Elrond and Blockstack lure in investors ” The ideas of privacy and decentralization have always been the heart of the crypto community. Therefore, when Blockstack announced that it would transition from being a security token to a utility token by launching its new Stacks Blockchain 2.0 on Jan. 14,…
“# Bulls abandon ship as a $93M Bitcoin options imbalance favors BTC bears ” On Dec. 11, a total of $540 million in Bitcoin (BTC) options open interest is set to expire. This number mimics the past month’s $525 million options expiry, as monthly and quarterly options typically concentrate the most volume. Although both dates…
“# Bulls snatch back control as volume spike places Bitcoin price above $18.5K ” Bitcoin’s (BTC) sharp correction to $17,650 came as no surprise to investors and many expected the digital asset to fall as low as $16,000. Thus, the quick recovery back to $18,600 is intriguing and it bolsters the popular belief that retail…