Bitcoin has faced a retracement since hitting the highs of $15,975 last week. BTC currently trades for $15,400. Analysts remain confident in the short-term prospects of Bitcoin. The same trader that in the middle of March predicted that Bitcoin would see a strong V-shaped reversal to $10,000 by May or June is bullish. He says Bitcoin could hit $17,000 in the coming week. Bitcoin Likely to Move to $17,000 Next Bitcoin has faced a retracement […]
Ethereum has dropped since its $460 highs. The coin of the leading cryptocurrency currently trades for $440, though analysts say that it may catch a bid if it goes lower. Analysts are specifically eyeing the $420 region, at which point ETH should post a strong bounce. Bolstering the Ethereum bull case, on-chain data shows that there is an accumulation of the coin taking place. Other trends show that ETH is being accumulated for the ETH2 […]
Bitcoin has exploded higher in the past week, moving as high as $15,975. The coin currently trades for $15,600. Though, analysts think that the cryptocurrency could drop toward $15,000. One such analyst that called this is the same one that predicted Bitcoin’s V-shaped reversal in March. Bitcoin Could Retrace Toward $15,000, Analysts Say Bitcoin has exploded higher in the past week. Since the weekly lows of $13,300 that was triggered due to the election, the […]
Bitcoin price trades below $45,000 and analysts say the “almost uninterrupted run-up of the last two weeks” meant BTC was overdue for a slight correction. The high-flying optimism generated earlier this week when Bitcoin and altcoin prices rose was tempered on Aug. 12 as BTC dropped below $43,000. This led some analysts to warn that the price action seen over the past week was nothing more than a dead cat bounce. Data from Cointelegraph Markets Pro and TradingView shows that an early morning wave of selling pushed the price of Bitcoin (BTC) to a low of $43,752 and at the time of writing....
Bitcoin has undergone a strong rally over the past few weeks. The market has dropped in the near term due to a strong decline in the Dow Jones and S&P 500 index. One crypto-asset analyst who called the V-shaped reversal that we saw in March remains bullish. He says that Bitcoin could undergo “50% pumps” heading into the end of Q4 and the start of 2021. Bitcoin Will See a Big Q4, Analysts Say Bitcoin […]