Bitcoin Dropped 6% in Just 5 Minutes Liquidating “$108M”: What Happens Next?

The bitcoin price dropped by six percent from $9,060 to $8,505 across major crypto exchanges including Binance in just five minutes. It is the steepest drop in terms of time to decline percentage ratio at least in the past two months. What caused the bitcoin price to drop so suddenly? The biggest catalyst for the abrupt drop in the bitcoin price within a span of minutes is most likely the liquidation of over-leveraged longs. The bitcoin price increased by 24 percent within the past 13 days, and technical analysts anticipated…

Analysts Expect Ripple’s XRP to Surge to $0.30: Here’s Why

The entire crypto market has been on a tear over the past week, gaining dozens of percent. But altcoins like XRP, especially, have done rather well. In fact, the third-largest cryptocurrency over the past week gained over 15%, per data from Coin360. Although this price surge has brought XRP to only $0.24, which means that it is still down by more than 93% from its all-time high above $3.00, analysts say this latest uptrend is a precursor to a larger move to the upside. Related Reading: Ethereum’s Price is “Convincingly Bearish”:…

Bitcoin On The Brink Of Massive Rally And Only 1 Thing Is Holding It Back

Bitcoin is climbing steadily above $8,800 and $9,000 against the US Dollar. BTC price could start a massive rally towards $10K and $11K if there is a daily close above $9,300. Bitcoin price is gaining momentum above the $9,000 resistance area against the US Dollar. A new 2020 high is formed near $9,185 and the price could continue to rise. There was a break above a crucial declining channel with resistance near $8,475 on the daily chart of the BTC/USD pair (data feed from Kraken). The pair is now facing…

A Strong Uptrend Is Forming For Ethereum And It Could Rally To $200

Ethereum gained bullish momentum above the $170 resistance against the US Dollar, and bitcoin jumped above $9K. ETH price is likely to continue higher towards the $195-$200 resistance area. ETH price is showing a lot of positive signs above the $165 and $170 levels against the US Dollar. The price traded to a new 2020 high close to $180 and it is currently consolidating gains. There is a key rising channel forming with support near $172 on the 4-hours chart of ETH/USD (data feed via Kraken). Bitcoin is up around…

Analysts Lays This Case for 60% Drop In Bitcoin Price By 2020’s Halving

After Bitcoin (BTC) rocketed from $3,000 to $14,000 in the span of six months, analysts have been sure that the cryptocurrency would never revisit the $3,000s again. Indeed, the logarithmic price curve that has contained the asset’s price action for the past decade predicts BTC will never again hit $3,000. But, there have been a few analyses projecting that it may only be a matter of time before such low levels are visited once again. And one of these recently gained some steam on Crypto Twitter. Could Bitcoin Revisit $3,000s…

This Month Will Critically Decide Whether Bitcoin Enters a Full Blown Parabolic Rally or Not

Bitcoin is technically still in a bearish trend. It is down by more than 30 percent since the 2019 yearly high when it surpassed $13,000. This month will decide whether BTC enters a new extended bull market or falls back into a bear market. It all depends on the monthly close of bitcoin on January 31, 2019 For the first time since July 2019, the bitcoin price is set to end a full month with a higher low. For six consecutive months, the bitcoin price recorded a lower low, which…

Why Has Bitcoin SV (BSV) Plunged By 40% From Its $450 Peak?

Aside from Bitcoin, there’s almost no other crypto asset that has been talked about as much as the Satoshi Vision fork (BSV) over the past week. The past seven days for the now-fifth largest cryptocurrency by market capitalization have been rather tumultuous, with the cryptocurrency starting the week off flat to explode higher from just above double digits to a high of $440, representing a nearly 200% rally in three days. But as fast as the asset has rallied, so too has it collapsed. As of the time of writing…

Bitcoin Short Sellers Are in Big Trouble For This Reason, And Strong Rally is to Ensue

The bitcoin price is up by 10 percent in the past four days and after such a big rally, a short-term pullback follows. But, a top trader says it will take a lot for short sellers to hunt for longs in this environment, which could push BTC for an ever bigger rally. It will be hard for shorts to hunt longs, maintaining bitcoin momentum As one well-known trader pointed out, even if an investor longed bitcoin near the top in the $8,900 to $9,000 range, the liquidation price would likely…

Altcoin Season? Crypto Assets Will Surge If They Break Past This Key Level

Since early-2018’s market crash, crypto investors have been waiting for altcoins, digital assets that are not Bitcoin (BTC), to surge higher. Unfortunately for these investors, this hasn’t happened yet, with Bitcoin’s dominance rallied from 33% to a high of 71% last year in 18 months’ time, surging on the deaths of altcoin projects. But, it appears that a new altcoin season, best known as an “altseason” within the cryptocurrency trading community, is right on the horizon. Related Reading: This Late Night Host Just Exposed Millions to Bitcoin, Again Crypto Assets May…

After 65% Rally, ChainLink Just Surpassed a Major Level For First Time in 3 Months

ChainLink (LINK), the 17th most valuable cryptocurrency in the market, surpassed the $2.8 level for the first time since November 2019 after a  65 percent rally. With strong partnerships, ChainLink has maintained an active community of users, investors, and developers throughout the past year. It is one of the few cryptocurrencies to be down less than 40 percent from its record high. Major cryptocurrencies like Ethereum, XRP, and Bitcoin Cash are generally down by 85 to 95 percent from their all-time highs. Where is ChainLink headed next? In the short-term,…