All Eyes are on $26,000 as Bitcoin’s Momentum Shows Signs of Faltering
Bitcoin’s price action as of late has greatly favored bears, with bulls being unable to generate any significant momentum This comes just 24 hours following a failed breakout attempt seen by the cryptocurrency that ultimately resulted in it seeing a massive rejection around $34,500 The selling pressure here indicates that bulls may not have enough present strength to reverse the downtrend that began following the break below $40,000 several weeks back This has created headwinds […]
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Bitcoin’s price has been showing signs of strength throughout the past few hours, finally pushing above $10,600 This strength is tempered, and bulls remain in a precarious position as they struggle to catalyze any sustainable uptrend The entire market has been relatively quiet over the past few days and weeks, with many altcoins drifting lower as BTC shows signs of weakness One analyst is noting that a historical analysis of Bitcoin’s present outlook suggests that […]
XRP – the token closely associated with Ripple – has seen faltering momentum as of late, with its community dissipating as the company struggles to garner widespread adoption for the token. It does remain loosely correlated to Bitcoin’s price action, but it has been failing to garner any significant momentum as it remains below a […]
Ethereum has been struggling to match the momentum seen by Bitcoin as of late This has caused its price to decline by roughly 5% from its recent highs as bulls struggle to gain any traction Bitcoin’s ongoing consolidation phase isn’t helping either, as some investors are fleeing more volatile assets like ETH in anticipation of BTC seeing a rejection It is still holding steady above $400, which is a positive sign that indicates upside could […]
The price of Harmony (ONE) has shown bullish signs and could be set for a major run against Tether (USDT) as it eyes $0.04. Ethereum price rallied with so much strength from a region of $1,670 to $1,924 ahead of Ethereum merge. This has brought relief bounces for many altcoins including the price of Harmony (ONE). Related Reading: Ethereum Price Forecast Remains Bullish As Network Nears Another Milestone Ethereum merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) so as to increase its network efficiency in transactions. (Data feeds from Binance)....
It's anybody's guess where cryptocurrency markets might end 2021, but so far all signs point to further gains.