Tag Archives: Rally

Crypto Market Could Rally Further: EOS, Bitcoin Cash, TRX, ADA Price Analysis

Tron Price Analysis: TRX Underperforming 24 Hours After NiTron

The total crypto market cap is preparing for more gains above the $132.5B resistance level. EOS price gained more than 7% recently and broke the $3.80 and $3.85 resistances. Bitcoin cash price is consolidating below the key $150 resistance level. Tron (TRX) price moved back above the $0.0250 resistance, but there was no follow through. Cardano (ADA) price is grinding higher and it could soon test the key $0.0500 resistance area. The crypto market is primed for more gains, with bullish moves in bitcoin (BTC) and Ethereum […]

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Crypto Sphere Believes Galaxy S10, JPM Coin Behind Bitcoin Rally, But Is Really a Return to Mean

Crypto Sphere Believes Galaxy S10, JPM Coin Behind Bitcoin Rally, But Is Really a Return to Mean

The crypto market lit up with green over the last 48 hours following a powerful rally led by Litecoin, Ethereum, and EOS, which also helped propel Bitcoin toward important psychological resistance at $4K. Should the first-ever cryptocurrency break through the resistance, a major blow will be dealt to bears and could signal that a bottom is already in. Battered and beaten bulls are tirelessly trying to find correlations to news that may be driving the rally, however, the move is likely a return to mean following extremely […]

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Drastic Shift in Sentiment in Crypto After Bitcoin Surges: Technical Indicators Point Toward a Rally

Drastic Shift in Sentiment in Crypto After Bitcoin Surges: Technical Indicators Point Toward a Rally

Since Bitcoin (BTC) embarked on a bear market rally on Sunday, pushing past $3,600, $3,700, and $3,800 in rapid succession, the waters of the nascent crypto market have quieted. As of the time of writing, Ethereum, EOS, among other leading crypto assets have posted single-digit percentage losses — nothing to write home about. And while some would say that the lack of continued buy-side pressure could warrant a short-term pullback, notable traders have become convinced that from a fundamental and technical perspective, BTC still has a lot […]

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Ripple Price Analysis: XRP Rally Unwinds But Not Likely Over

Ripple Price Analysis: XRP Poised To Break $0.3000 Support

Ripple price gained traction and broke the $0.3400 resistance area before sellers appeared against the US dollar. The price topped near the $0.3460 level and later started a sharp downside correction. Yesterday’s highlighted major bullish trend line is intact with support near $0.3190 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely preparing for a fresh upward move as long as it is above the $0.3100 support area. Ripple price rallied sharply before trimming most of its gains against the […]

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Bitcoin Price Watch: BTC Could Correct Lower Before Fresh Rally

Bitcoin Price Weekly Analysis: BTC Could Accelerate Gains Above $3,850

Bitcoin price rallied towards the $3,750 level and later started a downside correction against the US Dollar. There is a key bearish trend line formed with resistance at $3,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to correct lower towards the $3,550 or $3,500 support levels before a fresh rally. Bitcoin price climbed higher and settled above the $3,500 resistance against the US Dollar. BTC is currently correcting lower, but dips remain supported above the 100 hourly SMA. […]

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ETF, Lightning, and Halving Drive Recent Bitcoin Rally

ETF, Lightning, and Halving Drive Recent Bitcoin Rally

After taking a brutal beating throughout much of 2019 thus far, Bitcoin made its largest green one-day candle of the year this past week, providing the market with a much needed relief rally.  Bitcoin’s price rose on Friday over $350 before bouncing off overhead resistance in the cryptocurrency’s current trading range. CEO of independent financial consultancy firm deVere Group Nigel Green says that the move might be the start of a “considerable Bitcoin surge” stemming from one of three main factors behind this recent rally, but that […]

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One Trader Thinks Recent 10% Rally of Bitcoin Could Lead to Something Much Greater: a Full-Fledged Recovery

One Trader Thinks Recent 10% Rally of Bitcoin Could Lead to Something Much Greater: a Full-Fledged Recovery

The Bitcoin price today chartered into positive territory after weeks of bearish action near $3,400. It rose close to 10% while clearing through a stubborn resistance area of $3,480-3,500. A sudden spike is as incredible as it is scary. There are questions about its origins. Is it natural for an asset to wake from a bearish slumber and rise 10%? Now if that has happened, how severe would the next bearish correction be? And most importantly, how far BTC can extend its gains as it trends higher […]

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Crypto Investor Urges Consumers to Accumulate Bitcoin Before Halving, Rally Expected?

Crypto Investor Urges Consumers to Accumulate Bitcoin Before Halving, Rally Expected?

Bitcoin (BTC) and other crypto assets may be nearing their one-year lows, but copious amounts of optimism still exist in the minds of believers the world over. Case in point, while many analysts are unfaltering in their belief that lower lows are inbound, with even one short-term sardonic commentator calling for a $1,700 BTC, hope has persisted. Almost as if they’re grasping for a light at the end of a tunnel, diehards’ hearts have remained ablaze, as they await key industry events that could push this market […]

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Bitcoin Price Watch: BTC Rally Remains Attractive To Sellers

Bitcoin Price Weekly Analysis: BTC Could Accelerate Gains Above $3,850

Bitcoin price traded to a new monthly low towards $3,340 and later recovered against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $3,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may start a short term rebound if there is a proper break above $3,450 and $3,480. Bitcoin price dipped to a new yearly low and later recovered against the US Dollar. BTC could decline once again if it fails to break the $3,450-3,480 resistance […]

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Bitcoin Rally To Be Preceded By More “Crypto Is Dead,” Layoffs, Regulation, Says Investor

Bitcoin Rally To Be Preceded By More "Crypto Is Dead," Layoffs, Regulation, Says Investor

Since Bitcoin began to tumble in early-2018, crypto investors en-masse have been sitting on their hands, eagerly waiting for the eventual market turnaround. And while hopeful sentiment has begun to mount, especially as this industry’s news cycle indicates that common Joes & Jills shouldn’t be disconcerted, one fund manager believes that crypto will take another bone-breaking, heart-stopping, and blood-inducing blow before a rally. Related Reading: Fred Wilson: Bitcoin May Take Much of 2019 to Bottom Out, But There Are Catalysts Crypto Winter Isn’t Over… Yet The broader crypto […]

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