Bitcoin Prepares to Break $11,000 Resistance, Ethereum Ready to Fall

Key Takeaways Bitcoin is poised to advance another 7% past $11,000 based on patterns forming on its 4-hour chart. Ethereum could drop as much as another 35% based on momentum from its hard fall from yearly $480 highs. Overall uncertainty in the crypto market grows as prices continue to move sideways this September. Share this article Bitcoin looks ready to advance past $11,000 after a week of consolidation. Ethereum is projected to start falling again despite 10 days of slowly… Source link

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Bitcoin Options Traders Bet the Price of BTC Can Touch $36K by December

This past weekend, data shows the most active bitcoin options contracts were calls for $28k, $32k, and $36k by the year’s end. This means a number of options traders are betting the price of bitcoin will exceed the all-time high (ATH) the decentralized currency touched in December 2017. On September 14, researchers from the data analytics firm Skew.com tweeted about an unusual number of call options for December 2020 that are well above the 2017 ATH. “[December 2020] $28k, $32k, [and]… Source link

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Bitcoin market cap will match JPMorgan’s if the $16.5K CME gap closes

The sentiment around Bitcoin (BTC) has become noticeably positive after the breakout above $12,000 in August. If this momentum continuously strengthens over the medium term and BTC hits $16,500, it would equal JPMorgan’s market cap. Earlier today MMCrypto, an on-chain analysis firm, outlined major financial and tech conglomerates’ valuations relative to BTC’s potential price. At the following price points, Bitcoin would equal the market caps of the respective companies: BTC market cap… Source link

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MicroStrategy Board makes Bitcoin its primary reserve currency, may increase its holdings beyond $250M

MicroStrategy’s board of directors elected to make Bitcoin (BTC) the company’s primary reserve asset. The United States Securities and Exchange Commission disclosure stated that this may lead to the future expansion of the company’s cryptocurrency holdings beyond the original purchase of 21,454 BTC, equivalent to $250 million: “Bitcoin serving as the primary treasury reserve asset on an ongoing basis, subject to market conditions and anticipated needs of the business for Cash Assets,… Source link

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IRS Will Pay Up To $625,000 If You Can Crack Monero, Other Privacy Coins

HONG KONG, HONG KONG – SEPTEMBER 13: As A photo illustration of the digital Cryptocurrency, Litecoin … [+] (LTC), Monero (XMR), Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Dash are seen on September 13 2018 in Hong Kong, Hong Kong. (Photo Illustration by Yu Chun Christopher Wong/S3studio/Getty Images) Getty Images When the Internal Revenue Service (IRS) signaled that it was getting serious about cryptocurrency, the agency wasn’t kidding. The IRS is… Source link

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potential Bitcoin scenario with low volatility until 2021

The price of Bitcoin (BTC) increased by 3% in the last 24 hours from $10,322 to $10,680. But BTC still faces a significant resistance level around $11,000 and has seen low volatility since Sep. 3. The declining open interest of the futures market and the stagnant spot market volume raise the probability of low volatility. Low volume, low open interest and major Bitcoin resistance ahead Technically, Bitcoin is in a position where it has risen above a crucial level at $10,570, which has… Source link

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‘Time to go up’ — Bitcoin price due for a push to $100,000, says PlanB

It’s high time for Bitcoin (BTC) to begin its next significant price rise, the creator of one of the best-known BTC price models says. In a tweet on Sep. 14, quant analyst PlanB highlighted increasing signs that BTC/USD is due to repeat historical gains. PlanB on BTC price: “Time to go up” Referring to the original incarnation of his stock-to-flow (S2F) model, PlanB said that the time was right to begin an order of magnitude step up. “This is the 2019 time series model on historical BTC… Source link

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5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week in uncertain territory as $10,000 stays in place but fundamentals shift to bullish. Cointelegraph highlights five things that could shape BTC price action in the coming days. Peak oil demand was in 2019 In what will likely become a frequently-quoted announcement, oil giant BP said this weekend that the world has hit peak demand for the black gold.  In a report quoted by Bloomberg, BP said that demand for oil would stay “broadly flat” for the next twenty… Source link

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Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 14th, 2020

Litecoin Litecoin fell by 1.65% on Sunday. Reversing a 0.55% gain from Saturday, Litecoin ended the week up by 0.50% to $48.18. A mixed start to the day saw Litecoin rise an early morning intraday high $51.05 before hitting reverse. Litecoin broke through the first major resistance level at $49.77 and the second major resistance level at $50.57. The reversal saw Litecoin slide through the first major support level at $47.81 to a late afternoon intraday low $47.31. Finding support late in the day,… Source link

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Litecoin (LTC) Down $0.04 On 4 Hour Chart, Started Today Up 1.97%; in a Downtrend Over Past 30 Days

Litecoin 4 Hour Price Update Updated September 15, 2020 07:20 AM GMT (03:20 AM EST) The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 49.58 US dollars, down 0.08% ($0.04) from the previous 4 hours. On a relative basis, the previous 4 hours were pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class 🙂 Litecoin Daily Price Recap The choppiness in the recent daily price action of Litecoin continues; to start today,… Source link

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