Dash (DASH) may not be a game changer like Bitcoin (BTC) or Ethereum (ETH). Some may even call it a spin off coin or a copycat. However, there is no denying that Dash (DASH) has succeeded in such a level of mass adoption with its only use case being a spendable cryptocurrency. This has led many to believe that even if Dash (DASH) fails in the long run, it might still have succeeded in creating awareness, adoption and solving a real problem.
Bitcoin price on Thursday extended its prevailing bearish correction sentiment and dropped as much as 6.5 percent from the yesterday’s low near $ 6,710. The BTC/USD in the very first hours of today’s session formed lower highs and lower lows towards 6731-fiat and 6303-fiat. It very much set the sentimental course for the rest of the
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Bitcoin could be in for a minor price pullback as the short-duration charts are flashing signs of bullish exhaustion.
Dogecoin price today had its Thank-God-Its-Friday moment after rising by more than 30 percent against the US Dollar. DOGE/USD began the day by continuing to its bull run. The pair on Thursday had jumped sharply from 0.00246-fiat to 0.00324-fiat, i.e. 31 percent amidst a strong buying spree. As the Asian trading session began today, the
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Today, Fundstrat’s Tom Lee has reaffirmed his $ 30,000 Bitcoin price target by December. But, other permabulls are not as optimistic as Lee about the short-term trend of Bitcoin. In May, BitMEX CEO Arthur Hayes stated that he would like to see the BTC price fall to the $ 5,000 region before recovering and initiating a 2017-esqe
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Bitcoin (BTC price) had another very strong week, with the ETF hype continuing to apply upward pressure to price action.
STRONG WEEK FOR BTC PRICE BULLS
Bitcoin price 00 punched through the 200 daily EMA early on Monday Morning, where it quickly became support and provided a Launchpad to the 1.618 Fibonacci target of $ 8,515 by Tuesday.
Using Bitfinex long-Short data; a notable 22% of long positions were closed in the run-up to the highs from $ 7,777, signalling profit taking by the bulls, which acted as a contra to the market buying by new market participants speculating on the ETF announcement.
Cryptocurrency markets are volatile and people can make a lot of money from the up and down price variances. When digital assets touched all-time highs this past December, a great majority of digital currencies lost more than 70 percent of their value. Now some traders were able to call the top, while others ‘hodled’ in hopes of better prices in the future, and then some traders shorted the markets all the way to the bottom. There are a few exchanges that offer leveraged BTC/USD futures contracts and other margin positions that allow traders to make decent profits even when markets are extremely bearish.
Cryptocurrencies are seeing some good gains over the past two days after market capitalizations lost billions last weekend. Over the last six days, the entire digital asset economy has seen an increase of around $ 15Bn and now averages around $ 268Bn on Monday, July 16. Digital currency proponents are hopeful the past six months of bearish market sentiment is over and brighter days may be ahead.
As is usually the case when the weekend looms around the corner, cryptocurrency markets tend to do surprising things. This time around, there are some pleasant surprises to take into account. The Ethereum Classic price is an intriguing example of how quickly things can turn around in this industry.
Ethereum Classic Price Enjoys a Positive Spell
Cryptocurrencies are a very unique creature in the financial world. Their volatility is notorious, but so are the overall unusual market swings. In the case of the Ethereum Classic price, it is evident the positive momentum has materialized out of the blue. As such, it can also disappear in the blink of an eye. Whether or not that will be the case, remains to be determined.
The big question this week is whether or not the cryptocurrency markets will recover or continue to suffer from bearish pressure. So far, it seems as if some minor gains will be noted throughout the day, although Bitcoin is still struggling in this regard. The XRP price, on the other hand, is slowly making its way back to the $ 0.75 mark. A positive trend that may effectively spell positive things to come for other cryptocurrencies.
In a surprisingly aggressive move, bitcoin dropped $ 800 dollars in a few short hours. The move seemed to cripple many of the most bullish markets leaving some altcoins seeing 30–40% drops before finding any local bottoms. Last night’s move marked the first new low since the trading range (TR) formed 3 weeks ago:
Figure 1: BTC-USD, 2-HR Candles, Potential Distribution Trading Range
While most cryptocurrencies are still trying to recover from a setback over the weekend, there are always exceptions to keep an eye on. The EOS price, for example, is preparing for another run at $ 20, by the look of things. Thanks to another 6.7% gain over the past 24 hours, the EOS price is certainly successfully bucking the overall bearish trend plaguing the cryptocurrency industry.
Even though most cryptocurrencies are going through sideways trading momentum as of right now, the overall uptrend is still in place as we speak. Virtually all of the top 15 currencies ranked by market cap are in the green over the past 24 hours. The EOS price notes some of the biggest gains in the past day, even though it also saw a massive decline two days ago.
After seeing a rally to the $ 11,000s, bitcoin has managed to pull back to the $ 9,000 range and has left many bullish investors confused. The initial bullish rally seemed promising as it broke the macro, descending channel that governed much of the market over the last two months:
Figure 1: BTC-USD, 6-Hour Candles, Descending Channel