Bitcoin Still on Track to Breach $20K in Coming Weeks: Analysts

Bitcoin’s price has been caught within an incredibly tight consolidation phase over the past few weeks Multiple trend catalysts – both bearish and bullish – have arisen during this time, yet none of them have been able to provide BTC with any notable momentum Analysts are now noting that this won’t last for too much longer, with many expecting a large movement in the coming days and weeks One trader also believes that the next […]

Ethereum could drop even lower than it has over the past few weeks as it faces strong resistance. Analysts say that the crypto asset is vulnerable to a drop under $300 in the coming weeks. The asset is running up against critical resistances around $360-375. The coin will need to surmount this region, then hold it if it is to confirm more upside. Ethereum Could Soon Drop Under $300, Analysts Fear Ethereum is primed to […]

Despite a recent drop — about two dollars since our last article — the bitcoin price has remained relatively still. The sentiment among analysts is that bitcoin is preparing itself for a hefty move in the coming weeks, but still needs a little more time to warm up. Bitcoin Price Still Prepping for Big Move, Analysts Say. One source explains: “Bitcoin price pulls lower toward horizontal support near $560. The outlook remains that the market is engaged in a sideways base formation prior to advance. Price is returning to the consolidation floor today, and we watch to see if the support zone....

Ethereum has dramatically underperformed Bitcoin over the past two weeks. The coin has gained 13% in the past two weeks while BTC has gained 20%. Analysts think that the gap may begin to close shortly. One trader noted that there are a number of technical signals derived from the Ichimoku Cloud indicator suggesting Ethereum will move higher. Ethereum Forms Pivotal Bull Signals Ethereum has dramatically underperformed Bitcoin over the past two weeks. The leading crypto […]

Hashflare, likely the first of the non-Ethereum family to come out publicly as affected by the breach in the DAO contract, has suspended ETH mining activities. Following the breach experienced in The DAO contract, Hashflare has announced the suspension of its ETH mining activities. “It is our duty to let you know that due to the recent breach in the DAO contracts, ETH mining and withdrawals will be blocked until the breach is fixed,” the cloudmining company stated in a notice sent out to its subscribers. It adds: “At this exact moment, the developers of the DAO and Ethereum are working....