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“# Data shows traders rushed to buy altcoins during Bitcoin’s dip to $50K ” Bitcoin’s (BTC) recent downturn temporarily pulled its dominance rate down to 49.5% which is the lowest level since August 2018. This has led a growing number of traders to predict that altcoins will outperform Bitcoin in the short term. Over the…
“# Exchange tokens bounce from key support levels as COIN looks for direction ” A lot of hype was built up before the Coinbase listing on the Nasdaq on April 14 and several cryptocurrencies rallied in the run-up to the event. However, traders usually buy the rumor and sell the news. In this case, they…
“# Top 5 cryptocurrencies to watch this week: BTC, VET, SOL, EOS, FTT ” Bitcoin (BTC) price witnessed a sharp dump to $50,900 on April 18, which some analysts attribute to a drop in hash rate and rumors of possible action by United States regulators against unnamed “financial institutions” alleging crypto-related money laundering. While it…
“# Top 5 cryptocurrencies to watch this week: BTC, XLM, MIOTA, XMR, XTZ ” Bitcoin’s (BTC) hesitation near the all-time high suggests that the bulls and the bears are waiting for a trigger to start the next trending move. The bulls are searching for a positive catalyst to thrust the price above the overhead resistance….
“# Ethereum could go to $10K in 2021 and outperform Bitcoin, says veteran trader ” Ethereum is likely to outperform Bitcoin, at least in the short term, said veteran trader Scott Melker in an exclusive interview with Cointelegraph. Alt szn is upon us Melker sees this period of Bitcoin’s price consolidation as particularly bullish for…
“# 5 key reasons why Bitcoin will likely see new all-time highs soon ” The price of Bitcoin (BTC) has been under severe selling pressure by whales for the past two months as on-chain data reveals. However, five key indicators are suggesting that major sellers are about to turn into hodlers or even accumulators of…
“# Top 5 cryptocurrencies to watch this week: BTC, ETH, BNB, DOT, EOS ” Historical trends act as a gauge for traders to assess the possibilities for the future. April has been a bullish month for Bitcoin (BTC) with eight monthly closes in the green and only two instances of negative returns. Danny Scott, the…
“# Bitcoin closes six monthly green candles for the first time since 2013 ” Bitcoin has just closed six consecutive monthly green candles for the first time since April 2013. Should history repeat, Bitcoin may enjoy further parabolic gains this year. In April 2013, Bitcoin closed at roughly $140 after posting six green monthly candles….
“# Bitcoin nears all-time highs — Here’s why $73K is the next key level to watch ” The price of Bitcoin (BTC) saw a correction in the run-up to the record options expiry last Friday. However, nothing happened despite some expecting a massive move on the same day. The actual correction occurred before the event….
“# Top 5 cryptocurrencies to watch this week: BTC, KLAY, VET, SOL, KSM ” In trading, selling a position is as important as buying it at the right time. Therefore, the big question that could be troubling traders is whether or not Bitcoin (BTC) price will enter a bearish phase or will the bull run…