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“# Coinbase beats earnings estimates as analysts say regulation will ‘stifle’ innovation ” Coinbase Global (NASDAQ: COIN) rebounded during the early trading hours on Aug.11 after it beat Wall Street forecasts for sales and revenues in the second quarter. The cost to purchase one COIN share surged 4.7% to $282.34 at the New York opening…
“# XRP price chart ‘double bottom’ puts next bullish target at $1 ” Ripple’s XRP token could hit $1 in the coming sessions per a classic technical chart setup. Dubbed as “double bottom,” the trend reversal indicator appears after the price bottoms out at a level, rebounds toward a higher resistance level, and then pulls back to…
“# Bitcoin Technicals: Why BTC price breaking $48K resistance is the key to new all-time highs ” Bitcoin (BTC) and the crypto market have been accelerating heavily in recent weeks, as Bitcoin has surged by 60% from the July lows, while Ether (ETH) has been showing strength with a 90% rally as altcoins have been…
“# Large hodlers accumulate Bitcoin below $50K as BTC transactions over $1M soar ” Institutions have not left the Bitcoin (BTC) market even in the face of a 50%-plus bearish correction earlier this year, shows data provided by Glassnode. The blockchain analytics platform reported on Monday that the dominance of Bitcoin transactions exceeding $1 million…
“# Ethereum could pave way for $100,000 Bitcoin, Bloomberg analyst asserts ” Ether (ETH) has outperformed Bitcoin (BTC) in terms of year-to-date market performance, rising more than 320% against BTC’s 54% returns. But, according to Bloomberg Intelligence senior commodity strategist Mike McGlone, Bitcoin would soon catch up to Ether’s gains, which might even push its…
“# No, Bitcoin isn’t entering a 2018-like bear cycle, new data suggests as BTC targets $45K ” The scale of Bitcoin’s (BTC) ongoing downside correction might not be as alarming as it was in 2018, indicates data shared by Glassnode. The blockchain analytics firm reported that investors who have held Bitcoin for more than one…
“# Bitcoin hits $45K ahead of July inflation report, but one fractal hints at looming correction ” Bitcoin (BTC) reached its highest level in more than two months with just a few days remaining before the July inflation report. The top cryptocurrency climbed 1.65% to $45,363 on Aug.8, continuing the upside momentum that has already…
“# Bitcoin erases May crash losses as BTC price rebounds to $44K ” Bitcoin (BTC) price reacted as high as $44,600 on Aug. 7 amid speculations that it could undergo a similar upside boom like the one that began in October 2020. Bitcoin reached $44,600 before correcting lower on profit-taking sentiment. Source: TradingView.com At least…
“# Bitcoin could be on the verge of a big breakout at $42K, hodler activity suggests ” On-chain analyst Willy Woo asserted that Bitcoin (BTC) would break above the $42,000-resistance level in its coming attempts. The researcher based his bullish analogy on the so-called Rick Astley indicator, a heat-map that tracks investors—the Rick Astleys of…
“# Bitcoin fractal that predicted 2020 rally flashes again as BTC price reclaims $40K ” A crossover between two Bitcoin (BTC) moving averages that appeared before the 2020 price boom hints at returning in 2021, just as the flagship cryptocurrency eyes a bullish breakout from its current $30,000-$40,000 trading range. The indicators in focus are…