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Bitcoin Highly Bullish Despite Selloff; Here’s What Could Propel it to $10,000

Bitcoin and the aggregated crypto markets have incurred immense volatility over the past several days and weeks, which has come about as Bitcoin’s bulls and bears have engaged in an intense battle that has, over the past 24-hours, favored BTC’s bears. Yesterday evening the crypto rallied to highs of $9,200 before meeting significant resistance that […]

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Bitcoin Dominance Does Not Signal Altcoin Season, Here’s Why

The number designating the dominance of Bitcoin (BTC) may be a faulty metric, especially when estimating the potential of altcoins. Instead, the metric has been proposed as a way to gauge the market direction. Bitcoin Dominance is a Flawed Metric The size of the BTC market capitalization has been criticized as flawed, as not all […]

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Ethereum’s Price is “Convincingly Bearish”: Here’s What Comes After 20% Week

Over the past seven days, Ethereum (ETH) has exploded higher, gaining 20% according to price data from Coin360. This meant that it outperformed Bitcoin (BTC), which gained 9% within the same time period. ETH has actually underperformed a swath of other altcoins, some of which saw massive parabolic rallies in the span of a few […]

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Here’s Why Bitcoin Bulls Must Wait For Dip To $8.3K For Another Rally

Bitcoin extended its rally above the $8,800 resistance against the US Dollar. However, BTC price might now correct lower towards $8,400 or $8,300 before a fresh increase. Bitcoin price climbed to a new 2020 high at $8,898 against the US Dollar. The price is now showing signs of a downside correction below $8,700 and $8,600. […]

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Here’s Why a Visit to This Key Bitcoin Support Level Could Spark a Major Rally

Bitcoin has been hovering within the lower-$8,000 region for the past day, struggling to gain any significant momentum as the resistance between its current price and $8,400 continues to absorb the majority of BTC’s buying pressure. Analysts are noting that Bitcoin may have to drop to a critical support level before it can muster up […]

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Analyst Predicts Bitcoin at $5,000 in Q1/2020; Here’s Why It is Compelling

While a strong bull action took the bitcoin rate up by 22 percent this week, there is still a strong likelihood of the cryptocurrency shedding all its gains. Pre-Halving Bitcoin Crashes The sentiments come in the form of a compelling historical pattern brought to notice by Jacob Canfield. TradingView’s top crypto analyst said bitcoin could […]

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Ethereum Overwhelmingly Bullish And $145 Is Imminent, Here’s Why

ETH price is gaining bullish momentum above the $132 resistance against the US Dollar. The price is trading above $135 and it recently traded to a new 2020 high. There was a break above a key declining channel or bullish flag with resistance near $130 on the 4-hours chart of ETH/USD (data feed via Kraken). […]

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Narratives Arise After Bitcoin’s Surge, But Here’s the Real Reason Behind the Move

After hovering below its previous support at $7,000 for several hours yesterday, Bitcoin’s bulls were able to generate significant momentum that has allowed BTC to reclaim its position within the $7,000 region, and it appears that this upwards momentum is growing. This move coincided closely with news regarding a US airstrike on a top Iranian […]

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Ethereum Bulls Could Push Price to $160, But Macro Outlook is Bearish; Here’s Why

Ethereum and most major altcoins have incurred significant upwards momentum over the past day, which stems from Bitcoin’s notable surge from lows of $6,800 to highs of $7,400. ETH, which is slightly underperforming BTC, has been able to reclaim its positive within the $130 region, and is showing growing signs of bullishness. In the near-term, […]

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Happy Birthday Bitcoin! Here’s a Look at Bitcoin’s 11th Year by the Numbers

On January 3, 2009, the pseudonymous developer(s) Satoshi Nakamoto bootstrapped the Bitcoin network by mining its first ever block, block 0. The Genesis Block, as it has become known, came etched with a message that would invariably position Bitcoin as an alternative monetary system to rival the realm of central banking: “Chancellor on brink of […]

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Eerily Accurate Analyst Expects Bitcoin to Hit $25,000; Here’s Why

After Bitcoin briefly breached $20,000 in December of 2017, the cryptocurrency began a precipitous decline, with its price plummeting from the heights of five digits to $3,150 within 12 months’ time, representing an 80% decline. Related Reading: Capitulation In Crypto Market Hasn’t Occurred Yet, Data Shows Since the decline began, crypto investors across the board […]

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Here’s how Bitcoin allows financial freedom in hyper-inflated nations

It’s either black or white with Bitcoin: While In India, China, and Russia, the largest digital asset is still identified as an illegal form of currency, the same asset has been recognized as a beacon The post Here’s how Bitcoin allows financial freedom in hyper-inflated nations appeared first on AMBCrypto.

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Once Bitcoin Breaks $7,650, Price Will “Fly” Higher; Here’s Why

Bitcoin (BTC) has had quite a quiet past few days, flatlining in the low-$7,000s in the wake of Christmas. Analysts say that despite this lull, the cryptocurrency is starting to show signs of wanting to break higher. Analyst Mexbt remarked that he thinks that the cryptocurrency will soon “test the weekly and monthly open,” meaning […]

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Here’s What Bitcoin’s Surge Off Its Daily Lows Says About Where It’s Heading Next

Bitcoin’s bulls were able to defend BTC from facing a much steeper sell-off today, which comes closely on the heels of the recent rejection the cryptocurrency experienced, which to many investors signaled that significantly further losses were imminent. Analysts are now explaining that bull’s ability to defend against further losses points to the possibility that […]

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Bitcoin Poised to Retest $5,000 Before Return to Bull; Here’s Why Analysts Think So

Earlier this month, the one-week Bitcoin chart printed an extremely bullish sign: the golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. (As an aside, a golden cross is when a short-term moving average crosses over a long-term one to imply bulls have control.) Related Reading: Bitcoin Poised to […]

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Is the Bitcoin Halving Priced In? No Way, and Here’s Why

In less than six months’ time, Bitcoin will see an extremely important event. Known as a “halving” or “halvening” — depending on who you ask — the number of BTC issued per block (every 10 minutes or so) will get cut in half from 12.5 to 6.25, effectively meaning that BTC’s inflation rate will be […]

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Here’s What $100 in Bitcoin Would Have Made Next To The Decade’s Best Investments

Bitcoin may be trading at prices that seem low in comparison to the crypto asset’s all-time high price or $20,000, or even its recent local high of nearly $14,000 but in reality, it’s the best performing investment of the last decade. Let’s see how the number one cryptocurrency by market cap, and even the number […]

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Early Bitcoin Adopter Throws Cold Water On Halving Narrative; Here’s Why

As NewsBTC has covered over the past few weeks, a debate has erupted around Bitcoin’s impending block reward reduction. Informally known as the “halving” or the “halvening,” every four years the number of BTC issued per block (every 10 minutes or so) gets cut in half, resulting in a negative supply shock on the market. […]

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Math Shows That 2020 Could Be a Great Year for Ethereum Bulls; Here’s Why

Ethereum’s price action has been fully exposed to Bitcoin’s recent bearishness over the past several days and weeks, struggling to garner any independent upwards momentum. This price action has led ETH to remain stuck beneath $130, which appears to have become a resistance level for the cryptocurrency. In spite of its overt bearishness, one analyst […]

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Bitcoin Price Likely to Jump After Christmas; Here’s Why

Last year’s holiday season wasn’t the best time for Bitcoin holders. For those who missed the memo, in November and December of 2018, the leading cryptocurrency tanked, falling off a proverbial cliff as investors capitulated, liquidating their BTC holdings in search of greener pastures. In fact, within a four week period, Bitcoin had entirely capitulated, […]

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Analyst Calls Sunday’s Jump, Expects Bitcoin to Hit $20,000 by March; Here’s Why

Some four days ago, a Bitcoin analyst going by “Velvet” posted the chart below. In it is depicted BTC’s price action for the past 18 months, a Fibonacci Retracement of the $3,150 to $13,800 move, two trendlines, a moving average, and a vertical date marker for December the 22nd. $BTC #BTC #BTCUSD Presented with no […]

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Bitcoin Could Revisit Recent Lows if it Breaks Below $7,120; Here’s Why

Following the recent bout of turbulence experienced by Bitcoin and the aggregated crypto markets, BTC has been caught within a firm and tight trading range that has led it to consolidate for the past several days. Analysts are now noting that which boundary of this trading range is broken through first could offer significant insight […]

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Here’s Why Bitcoin May Surge to $8,400 Despite Perceivable Weakness

Bitcoin’s massive upwards momentum that was first incurred when BTC bounced from its recently established lows of $6,400 has begun showing signs of faltering, as buyers have been unable to maintain the momentum as bears ramp up the selling pressure. It is important to note that one technical indicator is flashing a sign that BTC […]

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