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Bitcoin dominance patterns are showing similar lows and an eerie resemblance to 2017. So what does this suggest for BTC price? For the purposes of historical comparison, it’s also worth noting that the pattern of the dominance chart currently looks much like it did during the earlier part of 2017. As the markets have gone […]
The best traders keep a sharp eye on an asset’s momentum. Here’s why the RSI and moving averages are the perfect indicators for this task. Technical analysis, the study of chart patterns, is a tool that helps traders increase their edge over others. This is done by keeping the trader on the right side of […]
A shake-up among miners and feasting whales provide the backdrop for serious volatility in Bitcoin continuing, the Cointelegraph reported. Bitcoin (BTC) is circling $35,000 at the start of the week after a fresh dip panics weak hands and fuels a whale feast — what’s next? After hitting $30,000 in a “capitulation bottom” event, a rebound […]
BTC price action effectively knocks down and rebuilds the market, while holding onto its $10,000 gains, the Cointelegraph reported. Bitcoin (BTC) saw a dip like no other on May 19, falling to $30,000 in a frantic three-hour shakeout which upended the market. As the dust settles, however, it’s no longer about the dip, but rather […]
Following a tweet from Elon Musk highlighting Tesla’s suspension of bitcoin payment acceptance due to sky-high energy needs, the industry quickly responded by highlighting the capable solutions that already address this drawback, the news.Bitcoin.com writes. Musk’s Comments Conveniently Ignore Reality of Blockchain Innovation Ever the commentator on all things crypto, Elon Musk took to Twitter […]
Vanda Research has warned of a broad correction in the cryptocurrency market. Ben Onatibia, the firm’s partner and senior strategist, said that the surge in cryptocurrency prices this year is reminiscent of bitcoin’s rally in 2017. A Correction in Crypto Market Appears to Be Brewing, Says Analyst Vanda Research published a report Monday warning of […]
Ethereum is ripping, now well above $4,000 per ETH and in full price discovery mode. But with no obvious resistance levels, how can anyone prepare for when the trending altcoin runs out of steam and eventually reverses? Technical analysis indicators, as well as fundamental tools are two possibilities, however, simple mathematics could also play an important factor. […]
EOS is the latest large-cap altcoin to experience a massive price surge in the last few days as alt season gains momentum. The price of EOS is in the double digits for the first time since mid-2018 after a parabolic advance that began back in March. According to data from CoinGecko, the 20th-ranked cryptocurrency by market capitalization […]
Bitcoin transactions are easy to trace, except when the sender uses a mixer to muddle the link between their crypto address and real-life identity. One of the original allures of cryptocurrency is the narrative that using them provides the sender or recipient anonymously, but this is a common misconception within the sector. In reality, Bitcoin […]
Bitcoin price was rejected from above $55,000 and is now back to sinking lower, the NewsBTC writes. Meanwhile, altcoins like Ethereum continue to climb complete unaffected by the leading cryptocurrency by market cap. The recent divergence between the top dog and the rest of altcoins, has resulted in Bitcoin dominance taking a nosedive to levels […]