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100 SMA Holds The Key For Next Bitcoin Rally Above $12K: Here’s Why

Bitcoin found support near $11,120 and started an upward move against the US Dollar. However, BTC must break $11,650 and the 100 hourly SMA to start a fresh rally. Bitcoin is slowly recovering from the $11,150 and $11,200 support levels. The price is facing a couple of hurdles near the $11,600 and $11,650 levels. There […]

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Building on Taproot: Payment Pools Could Be Bitcoin’s Next Layer Two Protocol

This article is about a technological concept based on the proposed Taproot protocol upgrade. If you’re not yet familiar with the basics of how Taproot works, it’s recommended that you first read this explainer. Taproot, a potential upgrade to the Bitcoin protocol first proposed by Bitcoin Core contributor Gregory Maxwell, is in its late stages […]

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Ethereum DeFi’s Poster Child Compound Surges 15%: What’s Next For COMP?

Bitcoin and Ethereum are pulling back, but Compound (COMP) is surging higher. The native governance token of the flagship of the decentralized finance space, COMP has gained 15% in the past 24 hours as per Coin Market Cap. This comes after the altcoin was embroiled in a multi-week bear market after an initial surge in […]

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A Visit to This Crucial Support Region Could Start Bitcoin’s Next “Moon Mission”

Bitcoin has faced some turbulence throughout the past couple of days. Following the benchmark cryptocurrency’s firm rejection at $12,000 this past weekend, it has largely been consolidating within the lower-$11,000 region. Yesterday, however, bulls attempted to spark a fresh leg higher. They sent BTC to highs of $11,500 before losing their momentum. From here, it […]

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Bitcoin Rips Past $9,600 as Bulls Assert Control: What’s Next for BTC?

Bitcoin has continued to push higher after Wednesday’s rally. The asset trades around $9,650 as of this article’s writing. Bulls expect the asset to continue to gain strength as Ethereum, which leads the crypto market, and other markets like precious metals rally. There are technicals, fundamentals, and on-chain metrics backing this optimism, say multiple analysts. […]

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BIP 8, BIP 9 or Modern Soft Fork Activation: How Bitcoin Could Upgrade Next

Taproot, a proposed protocol upgrade that would improve Bitcoin’s privacy and flexibility, is in its late stages of development. Bitcoin Core contributors agree that the upgrade would benefit Bitcoin, and so far it generally appears to be welcomed by the wider Bitcoin ecosystem as well. It’s therefore likely that Taproot will make its way into […]

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This Cryptocurrency Price Surge Mimics the Rise in Tesla – What’s Next?

LINK token records an ATH high today as the price surges to $8.5. Coincidently, the rise is identical to Tesla Inc. since the COVID-19 crash. While the rise in Tesla Inc. is 250% since March, the rise in LINK is 205%. The similarity in the rise since the beginning of July has been particularly striking. […]

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Pricing Model Shows Bitcoin is a Month Away from Next Bull Market

Bitcoin has been caught within an extended bout of range-bound trading in recent times, hovering between $9,000 and $10,000 for over a month The crypto does appear to be well-positioned to see further consolidation, as there aren’t any clear catalysts that could drive a movement in either direction There is one pricing model that seems […]

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There’s a Chance Bitcoin Won’t Break $10k Until Next Year: Analyst Explains

Bitcoin has been coiling for a breakout over the past few weeks. The cryptocurrency has traded in the low-$9,000s, stuck between heavy support at $8,500 and heavy resistance at $10,000. Soon enough, analysts have said, something will break. According to a prominent trader, Bitcoin is more likely to break this consolidation to the downside rather […]

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Ethereum’s Strength Degrades Following Rejection at $250; What Comes Next

Ethereum has flashed signs of technical weakness overnight following a harsh rejection at $250 This level marked its high-time-frame resistance, and its inability to break above it seems to elucidate underlying weakness amongst its buyers Analysts are noting that it could be poised to continue pushing higher despite this latest setback There is one crucial […]

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Trader Who Predicted Bitcoin’s 2019 Bottom Says This Is Next

Bitcoin has seen a sharp correction after tapping $9,800 during Monday’s trading session. As of the time of this article’s writing, the cryptocurrency trades for $9,300 — more than 5% below the highs. This rejection at a crucial resistance zone (~$10,000) has confirmed to a number of analysts that more downside is likely. A historically-accurate […]

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Here’s the Critical Price Level That May Kick Off Ethereum’s Next Bear Trend

Ethereum investors have gained little insight into the cryptocurrency’s trend over the past few weeks Despite being stuck within a wide trading range, it is important to note that ETH has been hovering just above the lower boundary of this range over the past few days This has marked an underperformance of Bitcoin and many […]

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Bitcoin Price Will “Melt Faces” Next Time It Surges Past $10,000: Here’s Why

Although Bitcoin has been incessantly swinging between $9,000 and $10,000 over the past few days, the cryptocurrency is technically still in a consolidation pattern. Ever time BTC attempts to deviate from the range, it is rejected — on both sides. Case in point, when the asset rallied to $10,400 last week, a $1,500 drop followed […]

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Here’s Why Bitcoin’s V-Shaped Recovery from $3,800 Spells Trouble for What’s Next

Bitcoin has now entered a consolidation phase within the mid-$9,000 region following the meltdown seen yesterday This has made it increasingly unclear as to which direction the benchmark cryptocurrency will trend over a mid-term time frame One analyst is calling into question the long-term strength of BTC’s multi-month uptrend due to the “V-shaped” recovery it […]

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Here’s What Comes Next After Bitcoin Closed Above Yearly Resistance at $9,500

Bitcoin’s buyers and sellers engaged in a heated battle yesterday just prior to the cryptocurrency’s critical monthly close This led it to see heightened volatility, with bulls prevailing over bears Buyers were able to propel the cryptocurrency above a massive monthly resistance level that has been holding strong throughout part of 2019 and all of […]

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Bitcoin ‘Smart Money Indicator’ Revisits All-Time High, What’s Next?

The likes of Paul Tudor Jones and his hedge fund are now buying Bitcoin. Grayscale is scooping up over 150% of newly minted coins. Yesterday, a record number of Bitcoin futures contracts expired on the Chicago Mercantile Exchange better know as CME. Interest from these “smart money” investors and traders is soaring, and now, a […]

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Ethereum Leads Market with Insane Rally; Here’s Where it May Go Next

Ethereum incurred some explosive momentum yesterday that allowed it to erase weeks of losses that it had posted against its Bitcoin trading pair. This latest movement has significantly bolstered its market structure, with ETH to rallying up to its local highs of $235 that were set several weeks ago. It still has quite a way […]

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After BTC Visits $8.6K, Crypto Traders Predict Bitcoin Price’s Next Stop

The price of Bitcoin dropped to $8,600 and is now fluctuating just above $9,000, showing high volatility as several factors make its next step unclear. The price of Bitcoin (BTC) dropped to as low as $8,600 on May 25 as retail investors on Coinbase led an abrupt short-term downtrend. The price has since fluctuated between […]

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Stellar’s Fractal Shows How Epic the Next Crypto Bull Market Can Be

The crypto altcoin asset known as Stellar, or XLM, was among the worst performers during the bear market. However, a powerful fractal found on the asset’s price chart could show just how epic the next crypto bull market can be. Bitcoin Halving Triggered Massive Crypto Upsurge and Alt-Season Last Cycle In late July 2016, Bitcoin […]

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$5,000 is the Next Logical Target For Bitcoin, Cloud Indicates

Bitcoin price has fallen below $7,000 this past week after nearly doubling from the extreme lows set just a few weeks prior. As the leading cryptocurrency begins to fall lower and find support, the next logical targets could be as deep as the $5,000 range. Cloud Becomes Resistance, Responsible for Rejection Above $7,000 After an […]

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Macro Economist: Fragile Recovery of Bitcoin May Indicate $2,000 is Next

Following Black Thursday, Bitcoin was on a tear, gaining 50% since that fateful day. BTC was trading at $7.3k, but a rejection at the 50-day moving average, coupled with falling volume, indicated a trend reversal. Bitcoin daily chart with 50-day & 200-day MA and volume. (Source: tradingview.com) Not only that, but the failure to break […]

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Bitcoin Price Next Stop $23,000 as Halving Approaches

More data is flowing in suggesting that May’s block reward halving will initiate notable gains in Bitcoin’s value. This latest analysis suggests that the flagship cryptocurrency will slowly move up for the rest of the year, and eventually eclipse its all-time high. BITCOIN PRICE IS FOLLOWING A CLEAR PATTERN Analyst Bitcoin Jack has posted a […]

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Bitcoin Just Passed $7,000 Yet Again: What Do Analysts Think Is Next?

Minutes ago as of the time of this article’s writing, Bitcoin breached a daily high, rallying past $7,000 to near $7,050.This meant that from Sunday’s lows, BTC is up 5%, echoing gains seen in the stock market, despite a worsening coronavirus outbreak. With the recent strength in mind, what are analysts expecting to come next? […]

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