There are plenty of metrics and models used to anticipate the future price of Bitcoin. A popular one is stock to flow ratio but one Bloomberg host has called it nonsense adding that coin supply has little effect on BTC prices. Bitcoin S2F Prediction Model 'Nonsense' According to economics reference materials, stock to flow is...
Fundamentally Ethereum has had a solid year. Granted, development has been a little delayed with certain aspects but it is the largest dApp and smart contract platform in the world so this is to be expected. Another hard fork is due in less than two weeks, but will ETH prices finally react? Ethereum Dumps Again...
Bitcoin price failed to extend gains above $7,700 and declined more than $400 against the US Dollar. The price is now trading below $7,400 and it declined close to the $7,260 support area. Earlier, there was a break below a contacting triangle with support near $7,500 on the hourly chart of the BTC/USD pair (data...
Ripple price is still struggling to gain momentum and declining below $0.1920 against the US dollar. Yesterday, XRP failed to rise substantially, while bitcoin and Ethereum climbed more than 5%. Recently, there was a break below a major bullish trend line with support near $0.1955 on the hourly chart of the XRP/USD pair (data source...
Ethereum is down more than 5% and it broke the $130 support area against the US Dollar. The price is currently testing the $125 and $126 support levels, with a positive bias. Earlier, there was a break below a contracting triangle with support near $132 on the hourly chart of ETH/USD (data feed via Kraken)....
Bitcoin (BTC) has been caught in a firm uptrend over the past several days, which has primarily been the result of the massive upwards momentum that was sparked when it tapped lows of $6,400 earlier last week. This momentum led BTC as high as $7,700 today before it was met with significant resistance that led...
After months of brutal downtrend, it seems that bulls are returning to the Bitcoin (BTC) market. Since the leading cryptocurrency hit $6,400 earlier this month, bulls have taken control of the asset, pushing it from those multi-month lows to as high as $7,700 just this morning prior to a 4% drop. Related Reading: CME Futures Data:...
XRP has been facing some bearish price action in recent times despite the ongoing recovery seen across the aggregated crypto markets and the increasing investments that Ripple is making to further enhancing the token's utility. Analysts are noting that this lackluster price action is likely to result in further downside for XRP in the near-term,...
Ever since Bitcoin plummeted to lows of $6,400 last week, BTC and the aggregated crypto markets have been caught within a firm upwards tailwind that has led many investors to believe that the market's recent lows will ultimately mark a long-term bottom. One key technical indicator that has historically predicted both the beginnings and ends...
At long last, Bitcoin (BTC) has started to show signs of life. Over the past 48 hours, the cryptocurrency has pressed higher, moving past the tight range in the $7,100s it was stuck in for days. Related Reading: CME Futures Data: Institutions Still Wary Despite Bitcoin's Bullish Signs By Monday morning, the cryptocurrency was trading as...
