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Bitcoin and several altcoins are trying to break out of their respective overhead resistance levels in order to restore bullish momentum, the Cointelegraph writes. Most retail traders find it difficult to go against the herd and buy when the market is down. They generally wait for the price to recover and for improvements in sentiment […]
Although Bitcoin price is range-bound, a few altcoins have started a relief rally which could push them above key resistance levels. The President of the European Central Bank (ECB) Christine Lagarde said that the coronavirus pandemic has acted as a catalyst in boosting the adoption of digital payments in the European Union. Lagarde expects the majority of […]
A dead cat bounce from Bitcoin and altcoins’ critical support levels may attract further selling that could result in lower levels over the next few days. The Nasdaq, S&P500 and Dow all corrected sharply on Sep. 3 and opened today with additional downside, suggesting that traders are rushing to the exit. Bitcoin (BTC) and several […]
Bitcoin and altcoins have bounced off their range lows, but they are likely to encounter resistance at higher levels, the Cointelegraph reported. The U.S. stock market is on track to clock its best August performance since 1984. Meanwhile, Bitcoin (BTC) is attempting a positive close for the month after having declined consecutively in August 2018 and August […]
The bulls are aggressively defending the 20-day EMA in Bitcoin and select altcoins, which could result in the resumption of the uptrend. The coronavirus pandemic has forced people to change several social behavioral habits. Along with maintaining social distance from one another, people are also averse to using notes, coins or cards as they might […]
Bitcoin and several altcoins have formed bearish divergences, which suggests that the bullish momentum has weakened, the Cointelegraph reported. Rich Dad Poor Dad author Robert Kiyosaki believes that Warren Buffet’s recent closure of his bank stock positions is a warning sign that the world might be starting a “major banking crisis.” Therefore, Kiyosaki suggests traders buy safe […]
Bitcoin’s strong move above the $12,200 resistance could boost sentiment and lead to a stronger rally in select altcoins. Investors usually buy large quantities of gold when they do not have faith in fiat currencies and want to protect their purchasing power against debasement. Berkshire Hathaway’s recent purchase of Canadian gold miner Barrick Gold suggests that […]
Traders have turned bullish on Ethereum again and the strong break above $400 could pull Bitcoin and other altcoins higher, the Cointelegraph predicts. Data from Grayscale Investments shows that the firm’s assets under management soared from about $1.9 billion at the end of 2019 to over $3.5 billion by the end of June 30, 2020. The correction in the […]
Bitcoin price continues to decline at $12,000, but altcoins have taken advantage of the range-bound action by rallying higher, the Cointelegraph writes. Traders prefer to trade a trending market, as it generally moves in one direction and the retracements offer low-risk entry opportunities. This is because a trade that follows the major trend carries a […]
Bitcoin and altcoins might consolidate or correct marginally for a few days before a possible breakout to the upside, the Cointelegraph predicts. The United States Federal Reserve has been contemplating a change in the way it responds to a possible increase in inflation. Previously, the Fed would kickstart tightening if its models forecast a 2% inflation increase. However, […]