Tag Archives: Historically

A speechwriter for former U.S. President George W. Bush and a bitcoin critic, David Frum has claimed that the low-interest rates are fueling the crypto asset’s rally. Frum suggests that the crypto asset might experience a “fast and deep price crash” if and when interest rates start to rise. Institutional …

Crypto enthusiasts expected Bitcoin to pick up momentum in 2020 thanks to the asset’s block reward halving mechanism. At best, investors anticipated a repeat of the 2017 rally, but the law of diminishing returns made such a scenario an unlikely reality. But instead, the current uptrend is now the second …

Bitcoin and the entire cryptocurrency market are seeing a relatively quiet day following some immense turbulence yesterday The selling pressure witnessed by altcoins was intense and caused many to see flash crashes of 20% or more All the while, Bitcoin’s price remains steady and stable above $23,000 – around where …

If Bitcoin can stay above $10,000 by the day of the U.S. elections, history suggests that $100,000 is next. Source link

Ethereum has undergone a strong rejection since reaching the summer highs of $490. The leading cryptocurrency fell from those highs to a recent September low of $315, liquidating many investors in the process. While the cryptocurrency remains on shaky footing, Ethereum is expected to move dramatically higher in the months …

Like other altcoins, Chainlink (LINK) has been subject to a strong correction over recent weeks. The coin now trades at $10 as of this article’s writing, around 50% below the all-time highs set at approximately $20 just weeks ago. Despite the strong drop, analysts remain optimstic about LINK’s price prospects. …

Bitcoin’s consolidation channel formed since the start of May has been narrowing ever since it was first established. The cryptocurrency is now trading sideways between $9,000 and $9,300, facing immense resistance at the upper boundary of this range. From a fundamental perspective, the benchmark digital asset has been seeing stagnating …

Ethereum has now pushed below the lower boundary of its long-held trading range that has been formed throughout the past several weeks This weakness has come about as Bitcoin also inches lower Both of these digital assets have been maintaining above these levels over the past several weeks, and a …

XRP, the third-largest ranked cryptocurrency by market cap, may face continued underperformance compared to the rest of the crypto space, as the historically accurate TD Sequential indicator has triggered a signal on the asset’s daily charts. However, a conflicting signal triggered earlier this month makes predicting the trend ahead a …

Technical analysts say the recent Bitcoin price trend resembles Elliot Wave and Wyckoff patterns, which may lead to new lows in the near-term Source link