Bitcoin Price Drops $2K in 24 Hours But Bull View Still Intact

View Bitcoin suffered a significant drop in the last 24 hours, but the higher-lows pattern on the daily chart is still intact and the outlook remains bullish. A daily close below the July 2 low of $9,615 would invalidate the bullish higher-lows pattern and confirm a bearish reversal. The case for a drop to $9,615 would strengthen if BTC prints a UTC close below $11,550 today, validating Wednesday’s bearish outside day candle. A high-volume wedge breakout on the hourly chart, if confirmed, would imply an end of the pullback and…

Bitcoin Bull Run Barely Even Started, Six Digits a Possibility |

The bitcoin price is looking to hit a six-digit dollar valuation soon, according to market analyst GalaxyBTC. The cryptocurrency trader said today that closing above $10,000 is a vital breakout moment for bitcoin. He showed that the level is going to play out as a stubborn resistance zone in the coming days based on a so-called “2015 fractal.” Bitcoin Price Repeating 2015 Trend | Image Credits: GalaxyBTC Back in the year, bitcoin dropped below the $150 level, recovered, and eventually started consolidating in a range defined by approx $200 and…

Crypto Trader Warns of 40% Bitcoin Price Drop Before Monster Bull Run

Bitcoin was on a massive tear and the parabolic run was unstoppable as the crypto reached $13,000. It has declined since but is up on the weekly timeframe. While many long-term investors are euphoric over this juggernaut ascent, some experienced traders are starting to feel anxious. The trend reversal is so strong that a significant retracement is currently lurking. One popular day trader has a resounding argument that supports this bias. Analyst Opinion on Bitcoin Pullback A respected figure in the CryptoTwitter community named Trader X0 who boasts 13,000 Twitter…

Bitcoin Price Back Above $11,000 as Dip ‘Consistent’ With Parabolic Bull Run

Bitcoin (BTC) corrected as low as $10,380 before rebounding above $11,000 on June 27 as commentators remain highly bullish about the market’s potential. Market visualization courtesy of Coin360 Data from Coin360 showed the bitcoin price dipping down from recent highs of $13,800 in a pullback many had anticipated.  BTC/USD gained rapidly throughout this week and last, adding thousands of dollars over several days before resistance at $14,000 finally checked the speed of the growth.  Estimates had said the pair could go as high as $16,000 before reversing, with Cointelegraph reporting…

Binance Coin (BNB) Bull Party May be Over, Flimsy Above $30

Binance Coin (BNB) under pressure, down 4.2 percent Changpeng Zhao calls for caution After suffering an “expensive hack,” Changpeng Zhao considers exchange security as inviolable. Already fixed, Firefox could turned out to be a weak link from where hackers would have exploited Coinbase, causing loss of funds. At the time of writing, BNB is down 4.2 percent in 24 hours. Binance Coin Price Analysis Fundamentals Tagging full control and ownership, which is only possible in blockchain, is  responsibility. It is because of this sole reason that Changpeng Zhao, the CEO…

Bitcoin’s Price Is Up 43% in 7 Days as Bull Frenzy Grips Market

View With bitcoin’s rise to 17-month highs, the Mayer multiple (a ratio of price to the 200-day moving average) is teasing a break above 2.40 – a level that has marked the beginning of speculative bubbles in the past. BTC may see a short-lived spike to resistances at $17,230 (January 2018 high) and possibly to $20,000 (record high) if the Mayer multiple finds acceptance above 2.40. The hourly chart is flashing signs of buyer exhaustion, however, so a correction to $11,000 cannot be ruled out. A UTC close below the…

6 Surprising Takeaways From Bitcoin’s 2019 Bull Run

Bitcoin (BTC) rising above $10,000, $11,000 and $12,000 surprised everyone in 2019 – but the takeaways from this year’s surge makes for unbelievable reading. As Cointelegraph reported, this year’s bitcoin price action has little in common with 2017 – the last time a parabolic advance occurred. Instead, the current cycle is giving investors serious reasons to celebrate. 1. Bitcoin Already Quadrupled From its Bear Market ‘Floor’ Since November 2018, when turbulence from the bitcoin cash (BCH) hard fork hit markets, BTC/USD has recovered three times over.  At the time, the…

Crypto Analyst Says Bitcoin Price Could Hit $100,000 During Next Bull Run

ThinkMarkets chief market analyst Naeem Aslam predicts that bitcoin (BTC) will hit somewhere between $60,000 and  $100,000 during its next bull run, according to a Fox Business interview on June 24. Aslam had previously predicted on June 17 that BTC would hit $10,000 in “a couple of weeks,” citing institutional involvement as a major driver. Bitcoin successfully reached the five figure mark on June 22, marking a record high that has not been seen in over one year. According to Aslam, the major price points to look out for now…

Ripple Ambitious, XRP Prices Breakout From A Bull Flag

Ripple (XRP) bullish after June 22nd price rally Over the counter (OTC) XRP trading and non-disclosure agreement could be limiting bullish price action.  Relative to BTC or ETH, XRP is lagging. Even though there is Libra and much hubbub about MoneyGram, bulls will begin to show their faces once again once there is a close above 50 cents. Ripple Price Analysis Fundamentals The cryptocurrency landscape can be overwhelming. Complex and multifaceted, the so-called “cryptosphere” is an amalgam of diverse fields. As a result, crypto and blockchain is a melting pot.…

In A Bull Flag, Ripple (XRP) Prices Suppressed InSpite Of MoneyGram

Ripple (XRP) up 6.7 percent from last week’s close MoneyGram partnership is bullish for XRP Not to be overshadowed and confirming previous rumors, Ripple’s injection of $50 million in MoneyGram is strategic. With xRapid, XRP will find use meaning transaction settlement will be faster and cheaper. Even with this, prices in the last 24 hours are repressed and ranging. Ripple Price Analysis Fundamentals Western Union may have called it quits, ceasing their pilot program with Ripple’s xRapid. But that didn’t dent Ripple’s ambitions. Less than a year later, Ripple now…