Bitcoin price has been showing significant strength as Bitcoin (BTC) rallied by more than 60% in a matter of six weeks, surging from $10,000 to $16,500 and leaving many investors behind. These investors were waiting for the close of the CME gap at $9,600, which didn’t occur. However, can the markets expect a correction to happen, or is further strength likely for the markets? Bitcoin posts sixth consecutive green weekly candle BTC/USDT 1-day chart. Source: TradingView The daily chart shows… Source link

Bitcoin (BTC) hitting its all-time highs of $20,000 again is not the end, but the start of its explosion to a $1 trillion asset, a senior Bloomberg analyst says. In a tweet on Nov. 16, as BTC/USD reclaimed $16,000, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, delivered a fresh bullish forecast for the largest cryptocurrency. Bloomberg Intelligence: BTC will keep rising in 2021 Bitcoin saw lower levels over the weekend, briefly dipping to $15,800 before conspicuously… Source link

Bitcoin price remained well bid near the USD 15,800 level and recently recovered above USD 16,000. BTC even climbed above USD 16,200, but it is currently (13:00 UTC) struggling to clear the USD 16,350 resistance level. The main hurdle for a larger rally is now near the USD 16,500 level. Besides, there was a decent recovery wave in most major altcoins, including ethereum, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, bitcoin cash, and ADA. ETH/USD is trading above USD 450, but it is facing… Source link

Litecoin founder Charlie Lee today tweeted a cryptic emoji message of a chicken, dolphin, bee, cash, and soon arrow. Several of Lee’s followers replied, speculating over what he meant. But it was @MASTERBTCLTC who gave the most likely explanation by replying with “Litecoin flip B cash soon.” ? litecoin? flip? B? cash? soon — Master⚡️250k BTC 6.25k LTC 2021 (@MASTERBTCLTC) November 16, 2020 Lee has neither confirmed nor denied any… Source link

Citibank Group’s Global head of Citifxtechnicals product, Tom Fitzpatrick expects to see the price of bitcoin peaking at $318,000 by end of 2021. Although he concedes that his prediction might seem improbable, Fitzpatrick argues that such a surge will still be the weakest rally for the digital asset when compared to other assets such as gold. He also adds that bitcoin is all about the”unthinkable rallies followed by… Source link

Data from Dune Analytics show an increase in the total number of protocol users in Ethereum DeFi with 898,598. Trader Aaron Arnold predicts up to a 50-fold increase in major DeFi protocols on Ethereum. Ethereum’s DeFi is gaining momentum once again. After suffering a correction in the price of its most important tokens and a drop in its Total Value Locked (TVL). Now, this figure shows the recovery in the sector and has reached a new all-time high during the weekend with $13.7 billion, Source link

Bitcoin has recently found its feet after an uncertain couple of years following its 2017 boom and subsequent bust. The bitcoin price has recently rallied to over $16,000 per bitcoin, riding a raft of positive news to come within touching distance of its 2017 all-time high of around $20,000—a peak that surging demand out of China helped it reach. Now, with China continuing to tightly regulate bitcoin and other cryptocurrencies even as it begins the roll out of its hotly-anticipated… Source link

Bitcoin (BTC) begins a new week with stocks rising and the U.S. dollar falling — all while trading back above $16,000. What’s next for price action? Cointelegraph takes a look at the factors which could shape how Bitcoin moves in the coming days. Stocks near all-time highs while USD sinks This week’s macro environment feels somewhat different to the last — stocks are gaining, boosted by a major Asian trade deal, while the U.S. dollar is losing ground. According to the latest data on… Source link

Litecoin price is gaining momentum above $65.00 against the US Dollar. LTC is likely to continue higher towards the $70.00 and $72.00 resistance levels in the near term. Litecoin remained well bid and surpassed the $65.00 resistance zone against the US Dollar. The price is now trading nicely above the $66.00 level and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $63.00 on the 4-hours chart of the… Source link

Over the weekend numerous traders pointed out that Bitcoin (BTC) price broke its parabolic uptrend which had dated back to September. Technical analysts are bracing for a pullback as the dominant cryptocurrency eyes consolidation. Bitcoin could still see a strong recovery after the weekly close if there is a continuation of the rally. But it would need to quickly re-enter the parabola or risk a potential downward correction. Traders pinpoint $15,500 as the key level to maintain the bull… Source link