Bitcoin $60K resistance hints at 'buy the dip opportunity' before all-time hi...

Chainlink was among the first cryptocurrency to set a new all-time high in 2020, but given its absence during the 2017 peak was facing different circumstances and no overhead resistance. The altcoin was nearly unaffected entirely by the bear market over the last couple of years, breaking record after record. However, a massive bearish divergence […]

Here's a look at what we are focusing on in the bitcoin price this morning. We are heading in to the close of the week, and it’s time to take a penultimate look at the bitcoin price. Things have been pretty volatile for the last few days, and we’ve had the opportunity to get in and out of the markets on a number of occasions. We got another opportunity overnight, as price broke through the level we had slated as in term resistance and quickly ran up through to our target. We entered on the close above resistance, as per the rules of our intraday breakout strategy, and managed to get out....

In a new technical analysis, crypto analyst Dark Defender has identified a bullish ‘Cup and Handle’ pattern on the XRP daily chart, signaling the potential for substantial gains. The pattern, which is characterized by a ‘cup’ resembling a rounding bottom and a ‘handle’ indicating a slight downward drift, suggests a continuation of an upward trend. Dark Defender notes, “XRP formed a cup & handle pattern in the daily time frame. We set targets for $1.05 & $1.88 with the Elliott Waves, and now the Cup-Handle pattern is also blinking XRP to reach the....

Rectifying this situation will not be an easy feat either. Further devaluing the Yuan seems the only plausible scenario, although it is impossible to predict the outcome. The recent Bitcoin price surge is mostly driven by Chinese traders. Increasing fear of capital outflows and the ongoing Yuan devaluation make Bitcoin a viable alternative investment opportunity. It is evident the Chinese government is running out of ideas to stabilize the economy. In fact, it appears the Yuan will continue to slide down a slippery slope. To be more precise, it seems the increasing Bitcoin demand hints at....

Zcash (ZEC) was treading a bearish route along with other altcoins, having shaved off as much as 14% in the past few days. Zcash loses 14% last week but opens up an increased buying opportunity Awesome Oscillators looks bullish ZEC’s RSI at 42 On-chain metrics have shown a glimpse of a buying opportunity with a hint of a downtrend. Now, will the bulls pull it off and haul the price back to $66? Zcash Fibonacci retracement levels have hovered up from $55 to $92.6, showing an 83.4% retracement level, which is close to the key support zone of $58. In June, the $55 to $58 zone emerged to be a....