Category: Price Watch
-
These analysts are confident Ethereum’s price will explode higher due to 3 reasons
[youtube https://www.youtube.com/watch?v=yZhZhAoA9YQ&w=560&h=349] Bitcoin’s value proposition, according to many of its investors, is cut and dried: as they say, it’s a scarce, decentralized, borderless, and digital form of money for the world. The value propositions of other cryptocurrencies, however, is a bit more muddied. A case in point of this conundrum is as follows: some say…
-
Key indicator shows Bitcoin may be on the cusp of entering a bull market
The Bitcoin price action seen throughout 2020 has done little to offer investors insight into its macro outlook, with its intense rise in January and February kindling optimism before this was shattered during the capitulatory decline seen on March 12th – a day that will live in infamy as “Black Thursday.” One key indicator may…
-
Bitcoin’s network growth is declining; here’s what it means for the bulls
Investors are growing more optimistic about the coronavirus outlook and this can be seen in the rise of the U.S. stock market. This sense of bullishness, however, is not visible across the crypto markets and on-chain data reveal that Bitcoin is turning bearish. Optimism grows in the U.S. stock market Over the last few days,…
-
These Q2 Ethereum trends could have heavy influence over its mid-term outlook
Ethereum has seen mixed price action throughout 2020, with the cryptocurrency first incurring a parabolic uptrend in early-February that led it to highs of $290, before it lost its momentum and reeled all the way down into the sub-$100 region in mid-March. In the time since this capitulatory decline, ETH has clawed its way back…
-
The Fed pumping the stock market might help Bitcoin, but not for the reason you expect
Despite cheering against central banks printing money and governments accumulating massive amounts of debt, these phenomena may be the very things that bolster Bitcoin’s price action in the months and years ahead. Some people believe that a collapse of the current economic system would bolster assets like Bitcoin due to economic participants fleeing to “hard…
-
Bitcoin’s trend has never been this weak before halving: Should bulls be worried?
In approximately 30 days according to estimates, Bitcoin will see its next block reward reduction or “halving,” in which the number of coins issued per block will get cut in half from 12.5 to 6.25. Although halvings have traditionally been seen as an extremely positive event for the Bitcoin market, the past few months have…
-
Key data metrics flip short for Litecoin as large transaction volume dives
It has been a rough year for Litecoin, with the cryptocurrency incurring some intense selling pressure throughout the past month that has led it to set fresh year-to-date lows over the course of the past few days. This weakness isn’t just limited to the past few months, however, as LTC is currently trading at price…
-
Chainlink leads market-wide surge as recent technical breakout bolsters price action
Bitcoin’s swift break above $7,000 seen earlier today has led the cryptocurrency market to rise concurrently with it, and Chainlink appears to be leading this market-wide rally. The highly bullish crypto – which has a tendency of moving parabolically – is trading up significantly from its recent lows that were set yesterday, and just set…
-
Bitfinex whale: This entity could be stopping Ethereum from seeing an “utter meltdown”
Ethereum has seen some relatively strong price action today, with the second-largest cryptocurrency by market capitalization rising in tandem with Bitcoin and virtually all other major altcoins. In spite of this short-term technical strength, one prominent Bitcoin whale noted in a recent tweet that he believes there is one surprising entity that is stopping ETH…