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The cryptocurrency market is in a chill mode with not much going on at the moment. Last week we expected a drop to 25k region but the bulls defended the bounced back the price above 30k levels after the dip to 29k. ETH, BNB and other alts witnessed significant drops in prices as well. …
Amidst the global effects of CoronaVirus, Covid-19, the cryptocurrency market has failed to isolate itself from a worldwide crash across the financial markets. Some investors in crypto, especially those who are new in the market already feel disappointed. This disappointment stems from the fact that they believe that crypto should represent a safe haven that…
Read More “In The Wake of COVID-19 Pandemic, Does Bitcoin Still Qualify as a Safe Haven?” »
The Bollinger band is one of the leading indicators when it comes to cryptocurrency trading. A lot of traders use the patterns formed by this indicator to predict market behaviours in order to make the most of the changes in price. Therefore, when the creator of this powerful indicator makes a pronouncement about the markets,…
Read More “Bollinger Band Creator Predicts an Explosion in the Price of Bitcoin” »
There is a bullish colouration across the board in the cryptocurrency marketplace. Based on information from CoinmarketCap, majority of the cryptocurrencies are posting significant gains against the US dollar. This has caused some degree of excitement among cryptocurrency users, especially speculators. Bitcoin Dominance Can Be Misleading Across the industry there is a major focus on…
Read More “The Mistake Many Crypto Traders Make by Focusing on Bitcoin” »
If you’ve been on Crypto Twitter at all, you know of the Bitcoin “HODL” meme. For those living under a rock, here’s a quick explainer: HODL, a misspelling of “hold” first found on the (in)famous BitcoinTalk forum, has become a battle cry for diehard BTC investors, who believe it is irrational to sell the asset….
Read More “Bullish Sentiment Implies Bitcoin Price Needs to See Bigger Flush” »
View Bitcoin’s short-term 50-period moving average is edging closer toward the longer-term 100-period moving average on the weekly chart, hinting at a potential bullish “golden cross” formation for the first time in 3.5 years. In the shorter term, however, total weekly volume has fallen period-to-period as indecision continues to grip the market. Price action is…
Read More “Bitcoin’s Weekly Chart May See Golden Cross for First Time in 3.5 Years” »