What Happened: Kevin Wadsworth, technical analyst and co-founder of Northstar & Badcharts, has predicted this Bitcoin (CRYPTO: BTC) bull market will reach its peak in October. In an interview with Kitco News on Monday, Wadsworth said he believes that the crypto bull market will likely conclude before the end of the year. “All the crypto charts I’ve been drawing and looking at vary a little bit in timing between the third week of September and some of them perhaps into mid-October or even… Source link

Some financial experts believe that the price of cryptocurrencies is solely driven by investors’ speculation, and in the past few years detractors have suggested that fixed income instruments like treasury bills have no relation to do with digital assets. This point of view is fairly accurate because, at this time, most investors from the asset class are not allowed to invest in Bitcoin (BTC) and altcoins. Public pension funds, retirement plans, fixed income and most non-leverage equity and… Source link

Ethereum price poised for 40% rally vs. Bitcoin after breaking out of four-month range ‘s native token, Ether (ETH), has the prospect of logging a 40% price rally against its top rival, (BTC), per a classic technical pattern. Dubbed a “symmetrical triangle,” the structure develops after the price forms a series of higher lows and lower highs. Doing so results in a convergence of two trendlines with a degree of symmetry, which appears a a triangle. weekly chart featuring a symmetrical… Source link

After shooting up to an 11-week high of $191.8, Litecoin has slowed down on the charts. A horizontal channel was now in the thick of things as price oscillated between their upper and lower trendlines. From this point, a breakout in either direction was possible but sellers had the edge over proceedings. To outlast selling pressure, LTC would need to continue defending the lower trendline. This could invigorate a fresh wave of buying pressure to help with a retest of LTC’s 200-SMA… Source link

Litecoin was among the most bearish pairs during the previous three months in the crypto market. losing around 75% of the vale, as it crashed from $414 and continued making lower lows until it formed a support zone above $100. The 20 SMA (gray) was pushing it down, which was another bearish sign, since this is the smallest moving average, indicating that sellers were jumping in on the first opportunity. Although, the reversal came in the crypto market in the last week of July, which pulled Source link

Ethereum’s native token, Ether (ETH), has the prospect of logging a 40% price rally against its top rival, Bitcoin (BTC), per a classic technical pattern. Dubbed a “symmetrical triangle,” the structure develops after the price forms a series of higher lows and lower highs. Doing so results in a convergence of two trendlines with a degree of symmetry, which appears a a triangle. Analysts treat symmetrical triangles as trend continuation indicators — i.e., they usually send prices in the… Source link

As the broader crypto world enjoys a late summer surge in enthusiasm, more and more blockchain developers who have taken the plunge are bumping into the blaring scaling issues faced by decentralized apps on the Ethereum blockchain. The popular network has seen its popularity explode in the past year but its transaction volume has stayed frustratingly stable as the network continues to operate near its limits, leading to slower transaction speeds and hefty fees on the crowded… Source link

After a bearish start to the week for Bitcoin and the broader market, it’s been a bullish morning for Bitcoin and the broader crypto market. At the time of writing, Bitcoin, BTC to USD, was up by 1.94% to $47,919.0. A mixed morning saw Bitcoin fall to an early morning intraday low $46,725.0 before making a move. Steering clear of the first major support level at $46,297, Bitcoin rose to a late morning intraday high $48,098.0. Falling short of the first major resistance level at $48,319,… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 0.78% lower Tuesday morning. The price was around $47,789 per coin, while rivals Ethereum and Dogecoin were trading around $3,350 (+4.74%) and 27.5 cents (-2.30%) per coin, respectively, according to Coindesk. PAULSON SAYS CRYPTOCURRENCIES WILL EVENTUALLY BE ‘WORTHLESS’ Hackers reportedly are using the non-custodial, privacy-focused Wasabi wallet to protect around $97 million in cryptocurrency which was stolen from… Source link

Bitcoin (BTC) saw fresh local lows on Tuesday as limp price action diverged further from bullish sentiment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin evades bullish continuation Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing at $46,700 on Bitstamp after dropping $2,000 in hours. Part of a multi-day rangebound construction, the dip resulted in a push toward $48,000, with bulls still unable to gather momentum for an attack on $50,000. For… Source link