Altcoins on Track to Plunge By 10%, Yet This Crypto Could Rally Higher

Over the past month, altcoins have finally started to break higher, reversing the Bitcoin-centric trend seen in the crypto market throughout all of 2019. In fact, the BTC dominance metric has dropped to 66% over the past week, with digital assets like Ethereum, XRP, and Litecoin starting to outpace the market leader. Related Reading: XRP Analyst Suggests IPO Could Be Game-Changing for Ripple: Here’s How According to a prominent cryptocurrency trader, the time for altcoins to outperform Bitcoin is likely up, looking to a number of bearish chart formations. Altcoin…

Could Ethereum Hit $1 Trillion? Analyst Says Over 1,000% Rally Possible

While the cryptocurrency didn’t perform that well in 2019, Ethereum (ETH) is one of the best-performing digital assets of all time, rallying from an ICO price under a dollar to the $160 where it is today.  Related Reading: This Eerie Fractal Shows Why Bitcoin’s Price Could Soon Crash By 20% Despite this jaw-dropping gain in and of itself, investors in the cryptocurrency believe it will go higher. So much higher than one analyst laid out a case for the cryptocurrency’s value to surge to $1 trillion, 13 digits. For some…

Continued Losses See Bitcoin Erase 40% of Recent Price Rally

Bitcoin’s price pullback has gathered steam in the last 24 hours, erasing a major portion of the cryptocurrency’s recent gains. The top cryptocurrency dived out of the $8,460–$8,750 congestion zone during the European trading hours on Thursday, signaling a continuation of the pullback from Sunday’s high near $9,200. So far, the follow-through to the range breakdown has been bearish. The cryptocurrency fell to $8,230 soon before press time – the lowest level since Jan. 14, according to CoinDesk’s Bitcoin Price Index. Notably, bitcoin has now erased nearly 40 percent of…

Bitcoin May Explode Into $100,000 Parabolic Rally

Since Bitcoin investors got a taste of parabolic price action in early-2019, during which BTC surged from the low-$3,000s to $14,000 in a few weeks’ time, they have been craving more. According to a Google Trends analysis, another parabolic rally is about to form again in the cryptocurrency market again. Considering historical rallies, this next bull market could bring BTC above $100,000, some analysts have suggested. Google Trends Suggests Bitcoin to Soon Explode Cryptocurrency analyst Cryptokea recently noted that the worldwide Google Trends, well, trends for the search term “Buy…

Bitcoin Price Rally Falters as Bulls Fight to Hold the $8.3K Support

After three days of trading in a tightening range Bitcoin price (BTC) dropped below $8,300, stopping at $8,264 which is slightly below the $8,300 support and the 200-daily moving average (DMA) at $8,200.  Earlier in the day John Bollinger, the creator of the popular Bollinger Bands indicator, tweeted that the recent pullback should not alarm investors. Bollinger said:  “This is a ‘logical place’ for $btcusd to find support, a pullback to a breakout level and the middle BB.”  Cryptocurrency market weekly overview. Source: Coin360 As mentioned in the previous analysis,…

Ripple (XRP) Breaking This Variable Will Spark A Strong Rally To $0.26

Ripple is currently recovering above $0.2325 against the US Dollar and bitcoin is trading above $8,700. XRP price is likely to surge towards $0.2500 or $0.2600 once it clears the $0.2400-$0.2420 resistance. Ripple price is showing a few positive signs above the $0.2320 area against the US dollar. The bulls seem to be facing a couple of hurdles near the $0.2400 and $0.2420 levels. Yesterday’s followed important bearish trend line is active with resistance near $0.2385 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…

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…

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…

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…