Learn How Trade Crypto
Bitcoin is witnessing a technical correction a day after printing the biggest one-day trading range since January 2018. The leading cryptocurrency by market value is currently trading at $11,780, representing a 15 percent drop from the 17-month high of $13,880 hit on Wednesday. The double-digit pullback has come after a near 90-degree price rise from […]
The recognized crypto analyst and chartist, Peter Brandt, wrote a tweet in which he shows that Bitcoin could eventually reach $100,000. He commented that the most popular virtual currency is currently experiencing its fourth parabolic phase that dates back to 2010. Bitcoin has recently surpassed $10,000. Bitcoin Could Reach $100,000 According to Peter Brandt, Bitcoin is currently […]
BTC/USD, the most popular trading pair closed the trading on Tuesday breaking the 11-months daily win. Bitcoin’s price posted losses of 2.87% yesterday after Bitcoin had recorded between 2-5% increase for the last six days before yesterday. The six-day winning streak elevated BTC from the region above $8,100 to level around $9,480. Experts have connected […]
Fundamental Analysis RavenCoin has surged after the project has announced listing on the Crypto.com. Users will be able to purchase RVN using bank transfers and credit cards, which should increase the adoption and liquidity of the coin. RavenCoin / USD Short-term price analysis RavenCoin has a bullish short-term outlook, with the cryptocurrency still trading above major technical support on […]
BITCOIN AT $10,000 WILL TRIGGER MASSIVE FOMO According to Bloomberg, Tom Lee expects bitcoin to go as high as $40,000 within the remainder of 2019. The Fundstrat co-founder and chief analyst conveyed his forecast in a note to clients issued on Monday (June 17, 2019). For Lee, FOMO-driven hype will fuel BTC’s 400% price climb causing the top-ranked cryptocurrency to […]
At yesterday’s 2019 CryptoCompare Digital Asset Summit in London, Thomas Lee, Co-Founder, Managing Partner, and the Head of Research at independent research boutique Fundstrat Global Advisors, gave an electrifying talk, during which he explained why “full blown” FOMO (fear of missing out) would only start once the Bitcoin (BTC) price goes above $10,000, and said that if this happens, the BTC […]
Bitcoin buyers appear to be eyeing the psychological $8,200 above today, but fears of a rising wedge reversal could put an abrupt end to the rising price. Let’s take a closer look. BITCOIN 4-HOUR CHART On the 4-Hour BTC/USD chart, the price appears to be consolidating inside a bearish rising wedge pattern between two pinching […]
Ripple (XRP) is a lot different than most cryptocurrencies for a number of reasons. First of all, it does not use blockchain technology. Instead, it uses distributed consensus ledger using a network of validating servers. Second of all, Bitcoin (BTC) is supposed to be digital gold and a store of value while Ripple (XRP) is just […]
Ethereum (ETH) ran into the top of an ascending channel and it retraced sharply. After that it attempted to test the top of this channel yet again and declined even sharply. We still think that ETH/USD has room to test the top of this channel once again. This would most likely be a test of the 1.618 fib […]
The open interest in CME Bitcoin Futures contract hit a record high last Friday. The total figure of 5,190 for the period between May 27 to June 3 represents the largest number of open interest, or contracts outstanding, in CME bitcoin futures ever and a 7 percent gain on the week prior, according to data from the Commodity Futures Trading […]