Bitcoin “Compression” Fractal from 2019 Hints Big Breakdown Ahead
Bitcoin is at risk of undergoing a significant breakdown as it consolidates inside a compressive technical pattern. The analogy surfaced as an analyst compared Bitcoin’s latest...
Poor Weekly Jobless Claims Hint at Another Bitcoin Price Plunge
Bitcoin rally came under the threat this Friday as the number of Americans filing for unemployment claims remains elevated. That, combined with a rising number of COVID cases amid...
China’s Margin Loan Bubble Puts Bitcoin Price Rally At Risk
Bitcoin’s gains this week came on the back of a substantial equity rally led by the Chinese market. But the latest reports indicate that the CSI 300 index, a standard of...
Why Top Analyst Predicts an Altcoin Rally on Key Ethereum Breakout
Ethereum broke above a crucial short-term resistance area this Wednesday. The second-largest cryptocurrency is now eyeing a “significant breakout” towards 0.032 sats...
Dirty Money: What’s Living on Cash That Can’t on Bitcoin?
The recent pandemic put a spotlight on contactless payment alternatives to paper cash like Bitcoin, Venmo, Apple Pay, and more. The World Health Organization urged consumers to rely on...
Wall Street “Fear” Indicator Puts Bitcoin Under Extreme Downside Risks
Bitcoin has rallied by more than 150 percent from its mid-March nadir, but its growing exposure to a similarly booming US stock market remains worrisome. The cryptocurrency risks...
Cardano (ADA) Hits 2-Year High Following Coinbase Custody’s Integration; What’s...
Cardano’s native blockchain token ADA logged a two-year high in early Wednesday trading session. The ADA/USD exchange rate topped at $0.138 as traders shifted their focus on...
Economist Warns of 1929-Like Second Leg Down; Will Bitcoin Follow?
Bitcoin has been tightly correlated with the stock market since the start of 2020. If a warning from a global economist comes true, and the correlation between crypto and stocks...
Inverse Bitcoin Fractal from 2019 Warns of Major Bearish Moves Ahead
The bitcoin chart shows an interesting inverse fractal from 2019. The Feb-March price action last year, which resulted in a breakout, hints a breakdown for Bitcoin in 2020. Bitcoin is...
Bitcoin Risks Correction as Analysts Warns About Stock Market Bull Trap
Bitcoin price jumped on Monday as traders brushed off concerns over the escalating COVID outbreak in the US. The focus shifted to China, where the benchmark Shanghai Composite Index...
Bloomberg Researchers Bullish on Bitcoin, Demand Points To $12,000
A new 2020 crypto outlook report from Bloomberg has been released, revealing just how bullish the company’s analysts are on Bitcoin. The report puts a spotlight on the...
This Historically Accurate Bitcoin Bullish Indicator Flashes Again
A bullish Bitcoin indicator with no false price predictions on record flashed for the first time in fourteen months. The so-called “Golden Cross,” in its last occurrences...