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Bitcoin’s price dropped and consolidated, but the altseason failed to come back. Will altcoins finally rally as BTC is on the verge of dropping to new lows? The most recent Bitcoin price drop caused many altcoins to drop heavily, but can one say that they are doing poorly or is it only their USD pairs which are affected? Since a temporary bottom was found at the start of September, altcoins have steadily gained value in their BTC pairings. Take the following, for example: ETH/BTC is up +32%, XRP/BTC +27% and XLM/BTC has gained +29% during this time. Let’s take a closer look at the altcoin market to investigate what is happening. Altcoins total market capitalization chart. Source: TradingView The altcoins market cap has been in a prolonged downturn since the beginning of July when the market reached a $126 billion cap. This same level served as a support in 2018. A harsh rejection was followed by a bearish downtrend which knocked the market cap all the way back towards the support ne..
Even with further losses, Bitcoin is technically performing much better than in its 2015-17 bull phase, says Peter Brandt. Bitcoin (BTC) price dropped below $10,000 Aug. 15 as another day of losses sent the largest cryptocurrency back to four figures. Market visualization. Source: Coin360 Analysts shake off bearish Bitcoin signalsData from Coin360 tracked Bitcoin’s decline through Thursday, which followed a previous day’s downward momentum. In total over the past 48 hours, BTC/USD has fallen around 15%. At press time, support at $9,500 appeared intact, with markets bouncing off those levels to trade around $9,800. Bitcoin 7-day price chart. Source: Coin360 Bitcoin price had shown signs of a fresh retraction following its latest move above $12,000 on the back of geopolitical uncertainty focused on the United States and China. As those tensions lessened, so Bitcoin began reversing its gains. For the time being, as Cointelegraph reported, analysts remain confident. Adding to those v..
Goldman Sachs goes short-term bullish on Bitcoin setting a target of $13,971 per BTC. In a note to customers, Goldman Sachs gave a bullish forecast for Bitcoin price. Shared on Twitter, Aug. 11, the note suggests a short-term target of $13,971. Bullish analysis based on Elliott WavesThe target given is based on Elliott Wave Theory, which forecasts market trends by identifying extremes in investor psychology, along with price highs and lows. According to the analyst, Bitcoin will rebound from support around $11,094, leaving room for at least one leg higher towards $12,916 and $13,971. This could complete a V wave count from July, producing a short-term top or consolidation. The bigger picture, and longer-term forecastPotentially, the analyst suggests, this could be the first leg of a five wave count. This would mean that any retracement from $12,916-$13,971 levels presents a buying opportunity, as after the consolidation period, price could once again resume higher unless it goes below..
Bitcoin’s price steadily climbed from $9,100 to $10,900 over the past week. Is a move to $12,000 and higher back in the cards? Bitcoin (BTC) remains bullish and a multitude of metrics support this claim. Is this a trend reversal? Over the past week investors’ short-term sentiments about Bitcoin’s prospects appear to have improved. While last week’s market update made the case for why top investors and analysts are overwhelmingly bullish on Bitcoin’s predicted long-term price action, the fall from $13,800 to $9,100 did shake retail investors confidence for the short term. Prior resistance levels that were obliterated throughout Bitcoin’s ascension from $4,000 to $13,800 proved to be weak support and many investors expected Bitcoin to drop to $8,500–$7,500 before reversing course. Investors will have noticed that Bitcoin formed a double bottom around $9,100 and some believe that the expectation that Bitcoin will drop to $7,500–$8,500 will be a non-event as larger hands will front ru..
Ripple news today – XRP’s price is having a hard time surging against the US Dollar, meanwhile, BTC had an increment of 4% this morning. There is a possibility that the price of XRP might increase if it can crack the $0.3180 and $0.3200 resistances. From all indications according to XRP’s latest update, Ripple’s XRP price is having difficulty standing against the US dollar, although the price is battling a strong resistance near the $0.3200 and $0.3220 levels, currently, it is retaining the $0.3140 support area. There is a possibility of a persistent price surge if there is no bearish trend below $0.3140 and $0.3120. Although from the current XRP price analysis there is an obvious bullish trend building close at $0.3140 on the hourly chart of the XRP/USD pair. Ripple News Today – Ripple Price Prediction – Ripple Price Analysis – XRP Declines After a Bullish Trend Ripple’s XRP has had a good trade of about $0.3240 high and is presently experiencing a decline against the US Dollar. Whil..
Bitcoin Price Analysis – According to Chaikin Money Flow (CMF) indicator, Bitcoin’s bullish movement has been at its weakest level for up to five months. A current three-day chart for CMF’s study of trend strength and trend change determination using trading volumes and prices showed 0.02. Though a positive CMF shows bullish bias, the current reading is the lowest since February 20. This reading shows that the market is least bullish for the world’s leading crypto asset. Bitcoin Price Prediction- Bitcoin to Recover Fully by the End of the Year Despite the weak bullish run, crypto experts predict that institutional interest may push Bitcoin price back to $20,000, its all-time highs. The increased interest of institutions in the digital asset is expected to facilitate the price increase by the end of the year. Also, there are predictions that Bitcoin may hit above $20,000 next year However, Bitcoin dipped below $10,000 again on July 26. The cryptocurrency recorded daily losses totaling ..
Bitcoin News Today – According to Cointelegraph in Bitcoin price analysis, the coin dropped by another 8% on Saturday. Skeptics believe the hope for a new all-time high for the coin is no longer feasible. Regardless of these events, market analysts remain Bullish over the price of Bitcoin amidst a 33% price correction. What hope is there for Bitcoin? Are the bulls finally out of the game? Bitcoin News Today – Bitcoin Price Prediction 2019 – Bitcoin Price Analysis – Bitcoin Slides Downward By 33% Unless you are a Bear, you may not have been satisfied with Bitcoin’s recent performance in the crypto market. The number one crypto is currently down by 32% from a 2019 high of $13,739 and the short term price performance of the coin has stayed extremely bearish, according to Cointelegraph. Over the past two weeks, the coin formed an M-top at $13,739 and $13,177; dropping to the neckline at around $9,600. Majority of traders in the crypto market are upbeat about Bitcoin retracing to the 61.8%..
Despite a bearish short-term outlook for Bitcoin price, next year’s halving event is one of the main factors for why some market analysts say $20,000 is in play. As Bitcoin dropped an additional 8% on Saturday, naysayers claim the rally to a new all-time high is over. So what is it that’s keeping market analysts bullish in the face of a 33 percent correction? Bitcoin price bears draw a line at $10,000Bitcoin’s most recent price action has been less than satisfactory, unless you’re a bear. To date, the top digital asset is down 32% from it’s 2019 high of $13,739 and short term price action remains overwhelmingly bearish. Over the past two weeks Bitcoin formed an M-top at $13,739 and $13,177 before dropping to the neckline around $9,600. Most traders expect that Bitcoin will retrace to the 61.8% and 50% Fibonacci Retracement level which is also near the CME futures gap. It’s possible that the group think surrounding the CME gap is causing it to function as a magnet, drawing BTC price ..
At the beginning of the year, crypto traders and investors have been anticipating the “alt season”, a season for Altcoin to outdo Bitcoin. The Cryptocurrency markets have been in a wrestle between those who are in doubt between that political interests might affect Bitcoin and Altcoins, and believers, who have trust that technology will win. Altcoins continue to fall in both USD value and Bitcoin trading value. The pressure on Alts has help Bitcoin paves through resistance. Cardano has provided a return on investment (ROI) of almost 1500%. Despite its current market value, Cardano has been listed for trading on leading cryptocurrency exchange including Bittrex, Upbit, Binance, and Crytopia. Cardano has the potential to become among the leading cryptocurrencies globally, even ahead of the current market leaders, Bitcoin and Ethereum. The most active exchange that is trading Cardano currently is Binance. ADA Latest News – Cardano Latest Update – Cardano Price Prediction – Cardano Price ..
Ripple XRP, like every other cryptocurrency, is bowing to the pressure from bearish trends in the market. Like a little kid holding his big brother’s hand, Ripple XRP seems to be following the two top players in the cryptocurrency market. With the dip in the price of Bitcoin BTC and Ethereum, Ripple XRP has also bent to the law of bearish physics. Ripple price dropped to $0.29 in the last 48 hours. XRP News Today – Ripple News Today – XRP Price Prediction 2019 – XRP Prediction 2019 – XRP Price Analysis Across the cryptocurrency market, there was broad selling pressure and the XRP was no exception. Ripple XRP news today gathered from the CEO of Ripple that it was advisable for the cryptocurrency industry to work together with the traditional institution to achieve success. This statement came in response to the US government’s stand on Facebook Libra and the cryptocurrency market as a whole. In a series of tweets, the Ripple CEO agreed with other analysts that it was almost impossible ..