Hot Topics

Advertisement

Advertisement

Bitcoin (BTC) Could Rally Well Past $9,600 But Fears Of A Crash Loom Over

Bitcoin (BTC) rallied hard the past few weeks and is now consolidating before it can continue to rally. Soon as BTC/USD rallied close to the $9,500 mark, we saw the price face strong rejection and it declined from there twice. This tells us that there are a lot of sellers waiting at the mark and the price will have to keep on revisiting this level to eventually break past it. The price might soon have trend line support to attempt another retest this time. Considering the overall sentiment, it would be unreasonable to expect the price not to rise well...

Read More

How High Could Bitcoin Go?

Bitcoin (BTC) has been on a roll for the past few months but investors and traders are curious to find out if this rally can go on for long. There are some similarities to the previous market cycles as well that we discuss in this video. We have also analyzed factors that could influence the price of Bitcoin (BTC) and possible warning signs that tell us that this rally might be over. Let us begin with a market overview. If we look at the market, we can see that Bitcoin (BTC) is up, Ethereum (ETH) is up and other large...

Read More

Sally Ho's Technical Analysis 18 June 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair established a fresh 2019 high around the 9475.00 area, its strongest print since May 2018. Stops were elected above the 9388.00 area late in yesterday’s European session, the year’s previous high that was established during yesterday’s trading activity. During the pair’s move higher early in yesterday’s European session, Stops were elected above the 9251.72 area, representing the 76.4% retracement of the move from 9388.00 to 8810.53. BTC/USD continues to inch closer to a major upside level of technical Resistance around the 9532.39 area, representing the 38.2% retracement of...

Read More

Ethereum (ETH) Rally Past $300 Still In Play, Mini Altcoin Season Likely

Ethereum (ETH) is still on track to rally towards the $300 mark and possibly well past it to touch the top of the ascending channel. The daily chart for ETH/USD shows that the price has found strong support atop the 21 day exponential moving average. As long as it remains above this level, we can expect it to continue its rally towards the top of the channel. So far, Ethereum (ETH) has failed to outperform Bitcoin (BTC) as we see BTC/USD leading most rallies with higher gains compared to ETH/USD. All that could change during the next rally with the...

Read More

Weakening Dollar Gives The Green Light To Bitcoin (BTC) To Pursue $10k Rally

Bitcoin (BTC) failed to break past $9,600 on the weekend even though it charged aggressively from $8,440 (CME Futures close) and ended the week just below $9,000 at $8,979. When BTC/USD closed the week below $9,000 a lot of traders were disappointed because they expected the rally to continue till the 38.2% fib retracement from ATH which coincides with $9,600 on most exchanges. One might argue that the price did end up testing that level on the Bitstamp exchange but we have yet to see it happen on other exchanges. Now, just when BTC/USD closed the week below $9,000, we...

Read More