Why New Highs May Be Imminent For Bitcoin if $16,150 is Reclaimed
Bitcoin has begun to slide lower over the past few days as selling pressure has tapered off at the $16,500 highs. The leading cryptocurrency currently trades for $15,900, a few percent below those highs but still situated above key support levels. Analysts remain optimistic despite the downward-sloping price action. One trader says that if the […]
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Bitcoin is once again exploding higher, with the recent dip to lows of $17,6000 proving to be fleeting as bulls take control of its price action The crypto is rapidly approaching its previous all-time highs as bulls aim at sending it past $19,400 This has long been a strong resistance level for the crypto, and a break above it could indicate that a move towards $20,000 is imminent One trader is now noting that the […]
Bitcoin is officially trading at fresh all-time highs, with the crypto’s price racing as high as $20,800 this morning before losing some momentum and hovering just below this level Where the crypto trends in the mid-term should depend largely on whether or not it can turn this momentum into another parabolic uptrend One trader believes that this is a strong possibility, and could be induced by an imminent short-squeeze The break above $20,000 has put […]
Ethereum has seen some notable momentum in recent days that has allowed its price to set fresh all-time highs Each break above its previous all-time highs around $1,450 has been fleeting, however, which is a grave sign that could mean downside is imminent For now, ETH’s price action remains firmly correlated to that of Bitcoin, with the benchmark cryptocurrency seeing some turbulence that has shaken its market structure One analyst is now pointing to a […]
Things will get exciting in Q4, but not before a convincing floor is put in across crypto, analysts say this week. Bitcoin (BTC) was busy losing its overnight gains on Sept. 27 as resistance continued to prove too much for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst on Bitcoin: "Right now, we're stuck"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to around $1,000 below overnight highs of $44,400 on Bitstamp Monday. The move constitutes a rejection at a "critical" zone to break, Cointelegraph contributor Michaël van de Poppe....
Investment management firm Ark Invest has highlighted three reasons why the price of ethereum has been hitting record highs. The firm cited increased institutional interest, strong on-chain signals, and imminent protocol upgrades as the key reasons. Why Ethereum Has Been Going Up ARK Investment Management, also known as Ark Invest, published a research note last week explaining three key reasons why ethereum is breaking out to new all-time highs. The first reason the firm’s analyst mentioned was “Increased institutional interest.” Ark Invest pointed out that a number of....