Despite $500 “Bart” Pattern, Analysts Are Still Bullish on Bitcoin

Bitcoin surged past $12,000 on Monday morning, rallying as certain altcoins plunged. The move brought the cryptocurrency as high as $12,100. Just as fast as BTC rallied, though, it dropped. Just hours after $12,000 was tapped, Bitcoin plunged around $500 in the span of an hour, forming a “Bart” formation. The Bart brought the cryptocurrency as low as $11,500 on major exchanges. Analysts remain bullish on the leading cryptocurrency as BTC is holding pivotal support […]

Macro Investor: Bitcoin Will Be the Best Performing Asset Over the Next 2 Years

Raoul Pal, the CEO of Real Vision and a Wall Street veteran, thinks Bitcoin will be the top-performing asset of the next two years. He thinks that the asset could rally to $100,000 in the near future, even going as far as to mention the $1 million target. Bitcoin Could Be the Best-Performing Asset of the Next Two Years Raoul Pal, a former head of Goldman Sachs’ hedge fund sales, has been promoting Bitcoin heavily […]

Bitcoin and Crypto Market Roundup for August 10th, 2020

Bitcoin kick-started the week by popping above $12,000 as the dollar dropped as the Asian market opened. This sudden rally reflects the cryptocurrency’s fresh appeal as a safe haven asset. Bitcoin has caught bids alongside gold in recent weeks as the greenback has sunk in a record-breaking losing streak. Within the cryptocurrency market, however, Bitcoin has given up ground to altcoins. Cardano, Tezos, and Stellar have led a broader rally in altcoins over the last […]

Two Macro Factors Could Halt Bitcoin’s Dream Run to $20,000

Bitcoin price should be heading towards $20,000, an all-time high, according to many leading analysts, but certain macro factors could halt its dreamy bull run ahead. This year, the BTC/USD exchange rate has surged to a yearly top above $12,000. The pair’s uptrend has appeared on increasing bids for safe-haven assets as the COVID pandemic shows no signs of subsiding. Analysts point to trillions of dollars worth of stimulus aid needed to aid the US […]

Tron (TRX) Forms Textbook Bear Signal Despite Rally in the Altcoin Market

Tron (TRX) has been a sleeper cryptocurrency over the past few weeks. While it has rallied like many other digital assets like Bitcoin and Ethereum, TRX has not been focused on by many analysts. According to the Tom Demark Sequential, the popular altcoin is on the verge of reversing to the downside after a multi-day rally. Analysts beg to differ, arguing that Tron is actually on the verge of a massive upswing triggered by months […]

Bitcoin May Start a New Consolidation Trend After Facing Another $12k Rejection

Bitcoin is currently consolidating beneath $12,000 after facing a slight rejection at this level overnight The cryptocurrency has been struggling to break above this resistance for over a week One analyst is now noting that the resistance here may hold strong for the days to come, with BTC now kicking off a new consolidation phase Once the benchmark digital asset can break above this level, analysts are noting that a move to $13,000 will likely […]

Ethereum Reaches a Turning Point; Here’s What Could Reverse Its Uptrend

Ethereum has been consolidating alongside Bitcoin throughout the past several days, struggling to break above the heavy resistance that has been formed at $400 This consolidation phase has offered little insight into the cryptocurrency’s near-term outlook Analysts are now noting that ETH may be well-positioned to see significant upside in the short-term One trader is noting that there is one level that could invalidate this strength, but it remains unclear as to whether or not […]

Bitcoin Bulls Fight for Key Resistance as Analysts Target Rally to $14k

Bitcoin has witnessed some immense turbulence throughout the past few weeks, but has mostly been seeing a consolidation phase throughout the past several days The cryptocurrency is now battling to surmount $12,000 – a resistance level formed just over one week ago This level has been briefly surmounted on multiple occasions, but each time has been followed by an influx of selling pressure that sends it lower The cryptocurrency is now at a pivotal point, […]

ArbiSmart: The Best Crypto Investment Opportunity of 2020-2021

There are a number of fintech companies offering exciting, revenue-generating opportunities within the crypto space, though, one stands out, head and shoulders above the rest. ArbiSmart is an EU licensed crypto arbitrage platform that is setting the standard for the coming decade by offering clients across the globe returns as high as 45% a year, at close to zero risk.  Company Overview ArbiSmart is a regulated crypto arbitrage platform that was established in Estonia in […]

Bitcoin Reaches “Now Or Never” Moment: Fund Manager on Institutional Adoption

2020 so far has proven to be Bitcoin’s year. The asset has beaten stocks, gold, and nearly every other asset in year-to-date ROI. With all eyes now on the first-ever cryptocurrency, one British fund manager with billions of pounds of assets under management claims Bitcoin has reached its “now or never moment.” Hedge Fund Managers Prepare To Dump Gold Holdings For Bitcoin Cypherpunks, tech enthusiasts, and dark web users were among the earliest to take […]

Ethereum Classic Prints Bearish On-Chain Signals Despite Bitcoin Breakout

Bitcoin is breaking higher, but the same cannot be said about Ethereum Classic (ETC). The popular altcoin has dropped in the past 24 hours, posting a loss of around 2%. This means the asset is underperforming BTC by 5%. Ethereum Classic is printing bearish on-chain and technical signs as it prepares to move lower. This comes after the underlying network was hit by two 51% attacks that made many question the value of ETC. Ethereum […]

Bitcoin Could Erupt Towards $13k as Market Structure Flips Bullish: Analysts

Bitcoin has begun to break out after flatlining around $11,500-11,700 for a number of days. Just hours ago, as reported by Bitcoinist, the cryptocurrency crossed the pivotal $12,000 level. While BTC has been slowing around that level, analysts are optimistic. They say that the cryptocurrency moving above $12,000 will trigger an even greater move to the upside. Analysts are currently eyeing a $13,000 price target for Bitcoin as the $12,000 resistance seems to be falling […]

AdEx Upgrades Token Economics With New Security Mining and Staking Incentive

Staking crypto tokens to generate rewards, and revenue is an enormous benefit for token holders. It is a great advantage on top of an asset’s role as an investment. So much so that it has sparked an entire trend of new coins, either with the above features or something similar to evolve alongside other projects. Too many of them fail to bring something new to the table. They fail to stand out from the rest. […]

Bitcoin Price Will Crash, Says Quantum Hedge Fund Analysts

Bitcoin has a likelihood of crashing towards $6,000 in the coming months, according to the Quantum Hedge Fund. The firm pointed to a fractal that sees the cryptocurrency breaking lower after entering the $12,500-$17,000 range. Meanwhile, strong fundamentals see a bullish picture for Bitcoin. Bitcoin has some fuel left to continue its price rally towards $12,500-$17,000. But after that, a crash is incoming. So said analysts at Hong Kong-based Quantum Hedge Fund in their alert published […]

A $15K Bitcoin Likely As Price Breaks Above “Multi-Year Bullish Triangle”

Bitcoin expects to hit a $15,000 valuation in the coming sessions, says full-time futures trader Adam Mancini. The Twitterati stated earlier Monday that BTC/USD closed above a “multi-year bullish triangle” by almost $2,000. The pair’s giant move above the “continuation pattern” increased its likelihood of testing short-term breakout targets, beginning with $15,000. Mr. Mancini said Bitcoin could extend its upside towards $24,000, as well. “[The cryptocurrency] may be the new kid on the block but […]

Here’s Why Analysts Are Expecting For Ethereum To Drop Back Towards $370

Ethereum, following Bitcoin’s lead, is effectively flatlining into the week’s close around $390. This is above critical support levels, though bulls are not yet convinced that ETH is primed to move higher. Analysts say that ETH could actually drop towards the $370 level, then push higher. Multiple analysts agree with this line of reasoning, citing a variety of technical reasons. Ethereum does have a positive fundamental case, though, that may limit downside. What may also […]

Bitcoin Erupts Past $12,000: Here’s What Analysts Think Comes Next

Just hours after the daily candle close, Bitcoin has begun to erupt higher. The cryptocurrency just minutes ago crossed above $12,000 for the first time since the flash crash on August 2nd. BTC bulls are believed to be in control after Bitcoin closed the weekly candle above the ever-important $11,500 level. Analysts think that Bitcoin will continue higher as long as $11,500 holds. Bitcoin Surges Past $12,000 Just minutes ago, Bitcoin broke past $12,000 for […]

Analysts Expect Chainlink (LINK) Reversal After 50% Eruption to $14

Chainlink (LINK) has erupted higher in the past week, recently crossing above $14 for the first time ever. The asset trades at $14.40 as of this article’s writing, which means that it is up by approximately 20% in the past 24 hours. The asset’s outperformance comes as Bitcoin, Ethereum, and other major crypto-assets have stalled at local highs. LINK is prepared to drop from here, say some analysts as certain technicals suggest the bull trend […]

Chainlink Flips Bitcoin Volume on Coinbase; How Long Can Its Uptrend Last?

Chainlink has been caught in the throes of an intense bull run throughout the past few weeks The cryptocurrency has been significantly outperforming the aggregated market and has now secured its spot as the sixth-largest digital asset by market capitalization Analysts are now observing that LINK trading volume on Coinbase is far outpacing that of Bitcoin This points to growing interest from traders to gain exposure to the token As for where it may go […]

What Hope Do Bears Have If Bitcoin Holds $11,500? Analyst Asks

Despite the parabolic performance in some altcoins, Bitcoin is stagnating around the high-$11,000s. As of the time of this article’s writing, BTC is trading for $11,600. This comes after it was rejected last week at the $12,000 level yet again, marking a loss for bulls. Analysts say that Bitcoin managing to hold the $11,500 level would bolster the medium-term bull case dramatically. One trader went as far as to say that the cryptocurrency closing the […]

Here’s Why Bitcoin Could Crush Altcoins in Coming Weeks

Altcoins have been posting exorbitant gains throughout the past few weeks, severely outperforming Bitcoin and most major digital assets This has come as both Bitcoin and Ethereum find themselves caught in prolonged consolidation phases just beneath their key near-term resistance levels Where they trend next may have heavy influence over the uptrends currently seen by smaller altcoins While speaking about this, one analyst explained that he expects BTC to crush altcoins in the coming weeks […]

Here’s Why a Wall Street Vet Says “Everything” Is an Inferior Trade to Bitcoin

Bitcoin has faltered over the past few days, failing to surmount $12,000 yet again. The asset trades at $11,750 as of the time of this article’s writing. Despite the pause in the uptrend that persisted all of last week, analysts remain bullish from a long-term stance. One prominent investor said that Bitcoin is effectively one of the best trades in the world. The investor in question is Raoul Pal, the former head of hedge fund […]

Here’s Why an Analyst Thinks Bitcoin Is Primed to Retest $12,000

Bitcoin plunged during Friday’s trading session as the cryptocurrency was once again rejected at $12,000. $12,000 has been a pivotal level for BTC in the past week and also in the past three years. The drop scared many traders, many of whom opened short positions as Bitcoin slid under $11,500. Going against the grain, Bitcoin proceeded to bounce as altcoins erupted higher. As of this article’s writing, BTC has recovered to $11,750. Analysts think the […]

Ethereum May Be Forming a Textbook Top Despite Bounce From $360 Lows

On Friday, Ethereum plunged lower as the price of gold and stocks dived. The markets were hurt by news that the plan for the next U.S. stimulus bill fell through, though President Trump stepped in with executive orders. ETH hit a low of around $360 during Friday’s trading session. Ethereum has since bounced back to $390 as of this article’s writing, buoyed by altcoins. Analysts think that the cryptocurrency may be nearing a top, though. […]

XRP is About to See Massive Volatility; Will It Favor Bears?

XRP has been consolidating alongside Bitcoin and Ethereum throughout the past week This has caused it to hover around $0.30 throughout the past several days Although this level was previously strong support, the buying pressure here is showing some signs of degrading as XRP dips below it It may now be prone to seeing further downside as a result of this One analyst is pointing to the formation of a massive pennant as a sign […]

Bitcoin May Consolidate for 2 Weeks Before Seeing “Lift Off”

Bitcoin has been caught within a consolidation phase within the upper-$11,000 region for the past several days and weeks The cryptocurrency has been struggling to break above the heavy resistance that sits between $11,800 and $12,000 for the past several days This comes as investors once again focus their attention on altcoins – many of which have posted massive returns today It now appears that this consolidation phase may persist for a couple more weeks […]

Analysts Fear an Ethereum Drop to $300 As Price Becomes “Heavy”

Ethereum has begun to drop over the past 24 hours as the asset was once again rejected at $400. $400 is a psychological and technical resistance for the leading cryptocurrency, which is still up 50% in the past two weeks. Analysts believe that the recent price weakness could be a precursor to a stronger retracement in the days ahead. One commentator is predicting a drop to $300. This purportedly lines up with important technical levels […]

Eerily Accurate Analyst Thinks Bitcoin Could Hit $20,000 in the Next 3 Months

Bitcoin has finally started to show weakness after recovering from last weekend’s flash crash. After falling as low as $10,500 last weekend, the leading cryptocurrency surged as high as $11,950 before retracing. As of the time of this article’s writing, BTC trades for $11,500, sliding to this critical level from the aforementioned highs. The retracement for Bitcoin has been bearish, especially considering it was rejected at $12,000 again. Some remain optimistic that Bitcoin bulls are […]

BitMEX Leaderboard Trader Fears Bitcoin Could See a Second “Flash Dump”

Bitcoin has slid lower over the past 24 hours as the cryptocurrency failed to surmount $12,000 in the latest leg higher. As of the time of this article’s writing, BTC trades for $11,600 — 5% shy of the local highs. Investors are still reeling from the flash crash that transpired approximately one week ago. While that was seemingly a black swan event, a trader is fearing a secondary event. The individual in question is a […]

Analyst: Bitcoin May “Teleport” to $13,000 if It Breaks Key Level

Bitcoin is currently caught in an unwavering consolidation phase within the upper-$11,000 region This is where the cryptocurrency has been trading throughout the past several days Unless buyers step up and shatter the resistance that sits around $12,000, the crypto could be poised to see notable losses One analyst is now noting that he is closely watching the price region between $11,800 and $12,000, as a firm close above this level could lead BTC to […]