Hot Topics

Advertisement

Advertisement

BTC/USD Traders Lacking Conviction at Moment: Sally Ho's Technical Analysis 1 October 2020 BTC

Bitcoin (BTC/USD) continued to orbit the 10700 level early in today’s Asian session as the pair remained below the 10860.79 intraday high from yesterday’s Asian session, and above the 10657.04 intraday low from yesterday’s European session.  Traders are seeking to discern fresh market sentiment to determine BTC/USD’s next likely movements.  Chartists are observing that the 100-hour simple moving average has just bearishly moved above the 50-hour simple moving average, while the 100-bar 4-hourly simple moving average is bullishly converging with the 200-bar 4-hourly simple moving average.  Selling pressure recently continued until buying pressure emerged around the 10621.22 area, just above the 61.8%...

Read More

Crypto Price Analysis for Sept. 30: BTC, ETH, XRP, LTC, LINK

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The cryptocurrency market continues trading sideways. May assets are stuck between their respective support and resistance levels and the uncertainty will continue until one of them is broken. Moreover, on shorter timeframes of some assets, such as Ethereum, Litecoin, XRP, and Chainlink, prices are forming reversal patterns in favor of further growth. To complete them, there must be another descending movement, which may be followed by new rising waves. The key level for Bitcoin is $10,000: if bulls fail to protect this area, the next downside target may be at $8,000. This, in...

Read More

BTC has stayed above $10,000 for 65 days Breaking its record!

Quick take Easy read As many advocates for bitcoin are bullish on the future of the leading cryptocurrency, one round of news may push their confidence even higher.  Since July 27th, 2020, Bitcoin has been holding above the $10,000 mark as noted by Anthony Pompliano, the co-founder of Morgan Creek digital. As many advocates for bitcoin are bullish on the future of the leading cryptocurrency, one round of news may push their confidence even higher. Since July 27th, 2020, Bitcoin has been holding above the $10,000 mark as noted by Anthony Pompliano, the co-founder of Morgan Creek digital. Earlier this...

Read More

10000 or 11000 for BTC/USD First? Sally Ho's Technical Analysis 30 September 2020 BTC

Bitcoin (BTC/USD) looked to maintain its upward bias early in today’s Asian session as the pair continued to fixate on the psychologically-important 11000 figure.  After trading as high as the 10956.11 area during yesterday’s Asian session, traders knocked BTC/USD lower from the 10947.07 area during yesterday’s North American session.  Selling pressure continued until buying pressure emerged around the 10621.22 area, just above the 61.8% retracement of the historical depreciating range from 13202.63 to 6430.00.  Traders also observed that technical support lifted the pair from the 10714 area during yesterday’s North American session, right around the 100-bar 4-hourly simple moving average.  Traders also...

Read More

Will institutional investors focus their time into bitcoin in the future?

Quick Take 1 minute read New research from Evertas indicates things are about to get interesting… Institutional investors research indicates enthusiasm in the industry. It seems that institutional investors are bullish on the future of bitcoin as many plan to increase exposure on numerous crypto-assets according to a recent survey that was just recently released by Evertas. The founder and CEO of the company, J Gdanski has said the following on the research: “Our research shows that institutional investors are enthusiastic about increasing their exposure to cryptocurrencies and cryptoassets in general but there are clearly many issues regarding the infrastructure...

Read More