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Uptrend Broken? Bitcoin Tumbles Below $10K as Greed Hits 6-Month High [cointelegraph.com]
“We bounced off the 20 DMA, which is meant to act as support, but there is an argument the uptrend is broken. It is the weekend and it would leave us with a gap above. Hopefully, some of you got filled. I missed out on that by a few bucks. I’m going to wait and see what happens with the OBV on the 4 hour for now.”
Bitcoin To Explode To $18,000 Ahead Of Halving, As Probability Of New ATH Grows [newsbtc.com]
Bitcoin’s recent rally is in part fueled by the hype surrounding the asset’s upcoming halving this May. It’s even caused a surge in Google search queries on the topic.
When the halving rolls around, the block reward miners receive for powering the network is slashed in half, causing the cost of production of each BTC to double overnight.
BITCOIN, ETHEREUM PRICES MAY DIP BELOW $9,000, $200 BEFORE NEXT RALLY [bitcoinist.com]
The prediction of Quantum arrives at a time of significant optimism, with the Bitcoin fear and greed index jumping to 64 points, the highest level since the summer of 2019. However, this index is not predictive of forward-looking attitudes, but only of trades and positions until the current moment. The index may shift quickly into fear if prices change direction.
TOP 3 Price Predictions: BTC, ETH, XRP — Is Bullish Sentiment Over? [u.today]
Yesterday, the price rolled back to the support area of $10,100 as mentioned in our recent price prediction. A recovery took place at medium volumes, and before the end of the day the pair approached the upper border of the ascending green channel. At night, the volumes fell, and the price slipped into the area of the watch EMA55.
BTC’s Market Share Drops Consecutively for 14 Days – Dominance Ratio Slides to 60% [bitcoin.com]
During the last few weeks, BTC dominance has dropped from a high of 70% to a low of 60%. The term and metric BTC dominance is the ratio of BTC’s market capitalization versus all the other coin market caps. So the current market valuation of the entire cryptoconomy is around $305 billion and BTC captures 61% of that today with a market valuation of around $186 billion.
Bitcoin (BTC) Dips Below $10,000 USD As Bulls Enter Panic Mode. Is It Time To Sell? [coingape.com]
- Bitcoin (BTC) dipped below $10,000USD for the first time in a week following a $500 drop in an hour.
- Market sentiments are turning bearish on the short timeframe charts as $9,500 USD key support levels lingers.
Bitcoin Whales Start New Phase Of Accumulation, Kraken Foresees High Volatility [zycrypto.com]
Crypto investors holding between 100-1000 Bitcoin Units have started a new phase of the digital asset accumulation. According to a report by Kraken, a US-based cryptocurrency exchange, the Bitcoin whales have started piling up more Bitcoins into their wallets.
In the report analysis was a graph showing the relationship between Bitcoin Address Balances (1,000-10,000) against Annualized Volatility from June 3, 2018, up to January 16, 2020. From the chart, it shows that every time there was high volatility in Bitcoin’s market price, it was preceded by a “wait and see” pattern from huge investors.
Just a quick weekend recap: Following our most recent BTC price analysis from Friday, where we had stated that the correction is likely to test lower levels, we can see Bitcoin breaking below $10,000 after failing to break above the crucial resistance at $10,500.
As can be seen on the following daily chart, after getting rejected by the long-term ascending trend-line (started forming on July 2019), Bitcoin broke down the significant 38.2% Fib level at $10,200, along with the marked 4-hour trend-line, and continued dropping further down.
For Bitcoin investors, can the calendar be a crystal ball? [ambcrypto.com]
Bitcoin’s volatility may scare many investors away from the cryptocurrency ecosystem but at the same time, its rapid price rise is also alluring to many. In fact, it has played an important role in capturing the minds of institutional investors, governments, and casual observers. In 2020 alone, Bitcoin broke the crucial $10,000 mark. Further, many are optimistic about the probability of Bitcoin’s price going even higher, with TradingView’s embedded tool highlighting the same, while recommending the immediate purchase of Bitcoin.
Josh Rager has been mapping the path of ETH since 2016, and points out that the current price action of the second-largest cryptocurrency lines up with its movements in late 2016, before its meteoric rise to an all-time high of $1,432.
According to Rager, investors who ultimately want to own Bitcoin could potentially buy Ethereum and try to time the market, selling it for BTC toward the end of a crypto bull run.
This Crypto is a “Sleeping Giant” That Could Soon See a Face Ripping Rally [newsbtc.com]
In the near-term, it is highly likely that altcoins continue incurring major momentum as Bitcoin enters what appears to be a consolidation range within the lower-$10,000 region.
The next altcoin that could see some massive momentum is NEO – a popular Ethereum competitor – which analysts believe could be gearing up for a significant upwards movement.
Flashloans, The Crazy New Invention of Magic Internet Money [trustnodes.com]
A revolution is going on in finance and it is starting to feel real as young bankers enter an alliance with techies to create a new world.
The latest building block is flashloans, a code based operation where you get money without any condition because your code guarantees it will be paid back in 15 seconds (one block).
In one transaction multiple things can happen. Not just one transfer, there can be 50 transfers or actions in one transaction.
Coinbase CEO Brian Armstrong Uses Crypto to Circumvent Paypal and Square [cryptoglobe.com]
- Coinbase CEO Brian Armstrong detailed his experience of having a payment denied by PayPal and SquareCash.
- Armstrong blamed regulation from preventing payment platforms from providing a good consumer experience.
Tezos, Bitcoin Diamond, WAVES lead altcoins’ charge as Bitcoin’s dominance dips [ambcrypto.com]
The collective crypto-market was recording a market cap of $305 billion, with Bitcoin holding a dominance of 61%, at press time. With the king coin consolidating above $10,000, many of the market’s undervalued altcoins have gained much-anticipated momentum, movement that has gone on to pull down Bitcoin’s dominance to an eight-month low.
Is the altcoin season in the offing?
More news and community @Publish0x
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