Why analysts are bullish after Bitcoin’s just saw an explosive 10% surge to $7,400

Over the past few days, bullish pressure has been building for Bitcoin; all throughout the last two weeks, the cryptocurrency has been forming an uptrend, registering a consistent series of higher lows and higher highs. On Apr. 6, this streak of strength culminated in an ongoing explosion higher for BTC, which just minutes ago forced […]
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Analyst: this simple Ethereum structure point towards a quick recovery to $200

The Ethereum price increased by 16 percent on the day against the U.S. dollar. Prior to the rally, analysts anticipated ETH to see a rapid recovery to $200 in the near-term. Josh Olszewicz, cryptocurrency technical analyst, was one of the few who observed an ascending triangle forming at larger time frames of the Ethereum chart. […]
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Analyst: Ethereum is now “Bitcoin’s backbone” and big money is taking notice

There’s no doubt that Ethereum is an integral piece of the crypto market, with the massive amount of Dapps and platforms being built upon its blockchain accounting for important infrastructure within the industry. Ethereum’s importance has only increased in recent times alongside the growing Decentralized Finance (DeFi) trend that has swept through the industry, attracting […]
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Volatility strikes back, but on-chain metrics reveal strong resistance ahead of Ethereum

The cryptocurrency market has gone through a bullish impulse that saw many cryptos rise substantially, including Ethereum. Now, on-chain metrics reveal that Ether could face significant resistance ahead. Volatility is back and Ethereum benefits from it Ethereum started off Q2 on the right foot. The smart contracts giant jumped over 13 percent from a monthly […]
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Bitcoin “scamwick” creates trail of destruction; leads to $50m in liquidations

After rallying from the lower-$6,000 region earlier today, Bitcoin bulls stepped up and propelled the benchmark cryptocurrency up to highs of $7,300 in what ultimately proved to be a fleeting movement. The rejection from this level has led BTC to reel back into the upper-$6,000 region, with this movement leading a significant amount of open […]
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Bitcoin just hit $7,000: 3 factors that could be behind this explosive move

Bitcoin has shaken off a worsening coronavirus outbreak and record jobless claims in the U.S., rallying past $7,000 just minutes ago as of the time of writing this article, reaching a local high of $7,200. With the recent surge higher, BTC is up 24 percent from the weekend lows of $5,800. Although many have embraced […]
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Data shows 65% of the market is longing Bitcoin, but this key reason could spoil the rally

The overwhelming majority of traders in the crypto market are currently longing Bitcoin, data shows. While some technical indicators point toward a rally to the $8,200 resistance area, the large amount of longs leave the market vulnerable for a potential squeeze. On both Binance Futures and BitMEX, the funding rate of the Bitcoin futures contract […]
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Beware of false narratives: stock-to-flow and halving not bullish for Bitcoin, claims report

2020 has been a turbulent year for Bitcoin and the aggregated cryptocurrency market, with bulls having firm control over the benchmark digital asset throughout all of January and most of February, before losing their strength to sellers in March. This heightened volatility has occurred against a backdrop of bearishness within the global economy, which – […]
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Q2 historically generated large gains for Bitcoin, but this time may be different

Historically, the Bitcoin price has tended to increase in the second quarter of every year. In the past six years, with the exception of 2018, BTC’s price has increased by 80 percent on average from April to June. However, 2018 was an odd year out during which the Bitcoin price dropped by 8 percent in […]
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BitMEX open interest is showing signs of rebounding; here’s what this could mean for Bitcoin

Bitcoin’s price action seen throughout the past several days has been rather lackluster, with the benchmark cryptocurrency seeing some choppy trading that has led it to establish a wide range between $5,800 and $6,800. Interestingly, BitMEX’s open interest has risen in tandem with this turbulence – a sign that traders are growing more interested in […]
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This on-chain indicator may spell trouble for the 88% of Ethereum investors who are underwater

Data shows that a whopping 88 percent of Ethereum investors are currently underwater on their investment, with the crypto’s massive decline from its all-time highs leaving a trail of financial destruction in its wake. This figure, although already shockingly large, may balloon even more in the weeks ahead, as some grim on-chain data suggests that […]
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Analysts believe Bitcoin may see months of consolidation despite investors’ “extreme fear”

Bitcoin saw a relatively sharp decline late-yesterday that marked a bearish resolution to its multi-day bout of sideways trading within the upper-$6,000 region. This downwards movement has come about during a time of immense fear amongst cryptocurrency investors and has further compounded this uncertainty – leading the benchmark crypto’s fear and greed index to hit […]
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Several key metrics suggest that Bitcoin could be preparing for a power move

Key metrics show that bulls may be betting heavily on Bitcoin as the coin reclaims ground from its late-February tumble in tandem with the global economy. Investors seem to be accumulating with real conviction. Bitcoin’s 7-day trading average volume as measured by the Bitwise 24-hour “real” spot volume index is at the highest level since […]
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Why this Bitfinex Bitcoin whale isn’t convinced of the crypto market’s 70% recovery

Since the $3,800 bottom, Bitcoin has done surprisingly well, rallying as high as $7,100 just this weekend to register an 87 percent recovery. Altcoins followed suit, posting similar gains to the crypto market’s leader. Despite this convincing bounce, which has been cemented by days of accumulation in the mid-$6,000s, above the key supports in the […]
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Chainlink nears critical support as data shows long-term “hodlers” may be jumping ship

Chainlink (LINK) shocked cryptocurrency investors throughout 2019 and the early part of 2020, with the crypto incurring an unwavering uptrend that allowed it to post multiple parabolic cycles, rarely showing any signs of technical or fundamental weakness. The 2020 crypto market selloff, however, seems to have done some significant damage to its market structure, with […]
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Venture capitalist: 2020’s coronavirus crisis will only prove the value of Bitcoin and crypto

No market or facet of the economy has been spared amid the coronavirus crisis, crypto included. Case in point: since the $10,500 high seen in mid-February, the price of Bitcoin has cratered by 36 percent, posting similar losses to markets like American equities and commodities (namely oil). What’s worrying is that a V-shaped economic recovery […]
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Why this cryptocurrency just surged 16% on news of a key Binance partnership

BAT, the native cryptocurrency of the Brave Browser, spiked by more than 16 percent following a Binance trading widget integration. The Brave team said: “Brave Software and Binance, the global blockchain company behind the world’s largest cryptocurrency exchange by trading volume and users, today announced a partnership that enables Brave browser users to seamlessly trade […]
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This analyst believes Ethereum has a “cursed chart” and that new lows are coming

Ethereum captivated cryptocurrency investors in early-to-mid February of this year, which is when ETH was able to post a massive rally that sent it surging from yearly lows of roughly $125 to highs of $290, which is where its parabolic journey ended. Its price action in the time following this rejection has been grim, with […]
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The White House’s $6 trillion stimulus package is astronomically bullish for Bitcoin; here’s why

The entire world, including the Bitcoin industry, has been ravaged by the coronavirus outbreak over the past few weeks; indeed, to mitigate the spread of COVID-19, authorities have been forced to enact emergency measures, thereby shutting down thousands of businesses and resulting in millions laid off around the world. In short: the economic impact has […]
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The Fed just gave crypto a critical lifeline by doing this, and Bitcoin is strongly reacting

The Federal Reserve is taking a stronger approach than it did during the 2008 financial crisis to slow down the downtrend of the U.S. economy. The crypto market has been rallying in tandem with U.S. stock market futures, reducing fear in the market for the first time since early March. The Fed will be able […]
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A prominent trader makes the case for $8.5k Bitcoin before making new lows

A prominent trader known as PentarhUdi accurately called the drop from $10,000 to sub-$6,000 and has called many full Bitcoin market cycles in the past several years, believes BTC is headed to up to $8,500. When the Bitcoin price initially hit $5,200, the trader said that the dominant cryptocurrency is likely to move towards the […]
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These 2 key on-chain factors suggest Ethereum’s recovery is well on its way

Even after the crypto market’s hefty recovery over the past week, Ethereum remains far below the values it was trading at just a month earlier. In fact, ETH trades at $134 as of the time of this article’s writing — 55 percent below the 2020 highs it reached in February. Despite this strong downturn, which […]
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This relatively small amount of money will pump-and-dump Bitcoin’s price

BitMEX recently suffered an attack that resulted in $1.2 billion in liquidations. Despite the significant amount of money that its users lost, data reveals that the platform is still susceptible to market manipulation. BitMEX’s roll in the crypto derivatives market BitMEX is one the biggest and most liquid Bitcoin and crypto-asset derivatives trading platforms around […]
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Bitcoin price flash spiked 13% in 1 hour, but top traders think it’s a “fake” rally

The Bitcoin price increased from $5,850 to $6,640 on major cryptocurrency exchanges in a 13 percent rally within an hour. But, top traders are convinced it is a fake-out before a bearish continuation. The abrupt spike in the Bitcoin price coincided with the Federal Reserve’s aggressive fiscal policy and its decision to acquire as many […]
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Why Ethereum locked in DeFi plunged $600m after intense 57% ETH drop

The total amount of Ethereum (ETH) locked in decentralized finance (DeFi) platforms plunged by more than $600 million since February 16. It coincided with a 57 percent drop in the price of ETH from $280 to $120. DeFi platforms like MakerDAO have gained significant popularity in recent months by allowing users to issue loans on the […]
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Stock futures are dropping again, suggesting Bitcoin may see another drop

The U.S. stock market rebounded today following yesterday’s unprecedented selloff, with all of the major indices climbing over five percent today. This led Bitcoin and the aggregated crypto market to follow suit, with BTC and most other altcoins posting decent gains over the past 24-hours. This ongoing rebound may be short-lived, however, as the benchmark […]
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Analyst: This simple factor shows Bitcoin may drop another 40% before forming a long-term bottom

The global market meltdown seen throughout the past few weeks has shown no signs of slowing down anytime soon, and Bitcoin has been firmly exposed to the implications of this – plummeting significantly from its 2020 highs of $10,500. One prominent investor within the blockchain and cryptocurrency industry is now noting that investors should keep […]
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Aftermath of bizarre Bitcoin crash: BitMEX overtaken by FTX and Deribit in Ethereum futures

BitMEX, one of the largest cryptocurrency futures exchanges in terms of daily volume, has fallen behind OKEx, FTX, Deribit, Huobi, and Bybit in Ethereum open interest after the overnight Bitcoin drop to $3,600 on March 12. The exchange was criticized for not using a large part of its insurance fund as $1.2 billion worth of […]
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There’s a possibility Bitcoin bottomed at $3,800: here are 3 reasons why

Bitcoin has arguably had its worst week ever; after peaking at $9,200 last weekend, the cryptocurrency plunged as low as $3,800, marking a drop of 60 percent in under seven days’ time. Although the price of BTC has since recovered to $5,400, with the asset showing remarkable strength in the wake of a capitulation event, […]
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Bitcoin hashrate barely dropped price crash to $3,600: here’s why it’s a positive sign

The hashrate of the Bitcoin blockchain network barely flinched as the price of BTC plummeted to $3,600, by around 50 percent within a 24-hour span. It may indicate that big mining firms have not capitulated amidst the drop, going in line with theories put out by respected industry executives. What’s the theory? and is Bitcoin […]
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Futures traders anticipating further declines even after Bitcoin’s colossal drop

Back-month Bitcoin futures contracts are trading at a steep discount to spot on the leading exchanges, indicating that derivatives traders could have low expectations for a price recovery after the coin’s recent capitulation. The basis, which measures the premium or discount between the spot price and the futures price, is often considered a useful gauge […]
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Major Ripple supporter sells all of her XRP holdings due to toxic community

Tiffany Hayden, once one of the Ripple’s biggest supporters and self-proclaimed CEO of XRP, has sold off her XRP holdings due to constant attacks from the XRP community. The blockchain advisor said that the constant attacks she suffered from Ripple supporters caused her to sever ties with the project. Major Ripple supporter dumps all of […]

This top cryptocurrency barely flinched as $40 billion got wiped off the market

From March 8 to 10, within a 48-hour span, the Bitcoin price plummeted by 13 percent in a severe short-term pullback. As the cryptocurrency market crashed overnight, one asset outperformed BTC and other major altcoins. In the same period, Chainlink (LINK) rose ten percent against Bitcoin, performing strongly against the entire cryptocurrency market. Why has […]

Aftermath of the shocking $1,500 Bitcoin plunge: where do top traders see BTC next?

The Bitcoin price has dropped by 16 percent since March 8 in one of the steepest sell-offs in recent months. After the brutal drop, the sentiment of top traders on the short-term price trend of BTC remains divided. Bitcoin trend is bearish, for a start As reported by CryptoSlate, the overnight $1,500 plunge of Bitcoin […]

Analyst: Bitcoin could see an explosive upwards movement after tapping key “buy zone”

Bitcoin (BTC) saw a massive selloff this morning that sent the cryptocurrency reeling from the upper-$8,000 region to lows of $8,100, before finding some support that has allowed it to rebound slightly. This intense selloff has led the benchmark crypto to dive into what one top analyst is calling a long-term “buy zone” – meaning […]