After a lackluster August and September, Bitcoin surged by approximately 30% in October. Bitcoin’s October spike pushed the cryptocurrency above two important technical levels that I discussed in August ($11,000 and $12,500), which is a sign of strength. The next most important technical hurdle to break is $14,000; if Bitcoin can break above that level in a decisive manner, there is very little meaningful resistance until the all-time high of approximately $20,000.

The price of one bitcoin rose above $14,000 on Saturday morning. It was the first time the virtual currency reached that level since January 2018. As I write this, the currency is trading for around $13,800. Bitcoin, a currency whose name has become synonymous with price volatility, has seen three major bull runs in the past. Bitcoin’s price peaked around $30 in June 2011, around $1,100 in January 2014, and just… Source link

JACK GUEZ/AFP via Getty Images Bitcoin will rise in value no matter who wins the US election, according to Jeff Dorman, chief investment officer at cryptocurrency hedge fund Arca. A string of positive headlines for Bitcoin last week have lowered the fear-factor for investors to enter the digital market, Dorman told Business Insider in an interview. “Most conservative people on Wall Street don’t want to be the first and don’t want to be the last,” he said.  “Once there’s that… Source link

The price of Bitcoin (BTC) surpassed $14,000 on Oct. 31, the day Satoshi Nakamoto released the Bitcoin whitepaper in 2008. Since then, the world’s biggest cryptocurrency has seen remarkable and exponential growth across various areas. The daily price chart of Bitcoin. Source: TradingView.com Fast forward 12 years, since the October 31, 2008 release of the whitepaper, Bitcoin is in a different growth trajectory. An institutional craze is leading the BTC rally, major financial institutions are… Source link

Bitcoin, set to close the month of October with gains of over 25%, has surged again—adding almost 5% in the last 24 hours and pushing it over the psychological $14,000 level for the first time since early 2018. Bitcoin’s latest rally has boosted the price of other major cryptocurrencies, including ethereum, Ripple’s XRP, chainlink, and litecoin, all up between 3% and 5%. The bitcoin price surge over $14,000 per bitcoin comes shortly after a number of huge bitcoin transactions—worth… Source link

Bitcoin (BTC) is sucking up the volume from the entire cryptocurrency market as it continues to rally. This is causing the alternative cryptocurrency (altcoin) market to pullback, which has seen rising selling pressure and low buyer demand. On Oct. 30, researchers at Santiment pinpointed the growing volume and dominance of Bitcoin, while Chainlink (LINK), Ether (ETH) and Binance Coin (BNB) struggled. They wrote: “The dominance involving #Bitcoin is continuing to display itself, particularly… Source link

In the past week, altcoins prices received a significant haircut, and investors who were light on Bitcoin (BTC) saw their portfolio value take a hit.  Initially, Ether (ETH) price followed Bitcoin higher as the top-ranked digital asset rallied through the $12,000 resistance but as BTC continues to slowly push higher Ether struggled to flip $400 to support. Crypto market weekly price chart. Source: Coin360 Ether’s loss of momentum and the correction in altcoins has led to a number of crypto… Source link

The Hourly View for LTC Last Updated October 31, 2020, 01:037 GMT Currently, LTC’s price is up $0.01 (0.02%) from the hour prior. LTC has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on LTC. Given that we see an uptrend on… Source link

Ethereum Ethereum fell by 1.22% on Friday. Following on from a 0.25% decline on Thursday, Ethereum ended the day at $382.77. It was a mixed start to the day. Ethereum rose to an early morning high $392.16 before hitting reverse. Falling short of the first major resistance level at $394.15, Ethereum fell to a late morning intraday low $373.40. Ethereum fell through the first major support level at $380.90 and the second major support level at $374.20. Steering clear of sub-$370 levels, Ethereum… Source link

As the weekend approaches, Bitcoin (BTC) price appears set to close out the month with a remarkably strong performance which has many bulls calling for a new all-time high above $20,000 in the near future.  Traders attribute these lofty estimates to the fact that BTC appears to have flipped $12,000 to $12,500 to support and barring some unexpected price implosion, Bitcoin is on the path to painting a beautiful monthly candle. Crypto market weekly price chart. Source: Coin360 Further… Source link