Bitcoin options still bullish despite this week’s $900 BTC price drop

The $900 Bitcoin (BTC) price drop over the past two days might have been scary for novice traders, but those trading futures and options don’t seem bothered.  Cryptocurrency daily market performance snapshot. Source: Coin360 As Bitcoin price rallied to $11,000 on Sept. 19, investors may have become overly excited as the price briefly broke an important resistance level.  The steady rally lasted ten days and saw Bitcoin’s dominance rate rebound for a 15-month low and this had some traders calling for a return to the $12,000 level. This sentiment began…

Chainlink (LINK) Just Formed a Pivotal Bullish Reversal Signal After 50% Drop

Chainlink has undergone a strong rejection over the past few days, following in the footsteps of other cryptocurrencies. The coin trades down 13% in the past 24 hours, slipping below $9 for the first time in many weeks. Since the all-time highs set just weeks ago, LINK is down by over 50%, which is worse than the performances of most other altcoins. Chainlink may soon be primed for a bounce, though, as pivotal reversal signals have formed. It’s important to note that while LINK may have its own technical merits,…

Ethereum is Struggling Near $400, But 100 SMA Could Trigger Bullish Break

Ethereum recovered above the $380 and $385 resistance levels against the US Dollar. ETH price is struggling to clear the $400 resistance, but it is holding the key 100 SMA (H4). ETH price is trading well above the $360 and $375 resistance levels against the US Dollar. The price traded to a new weekly high at $395 and it is above the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $374 on the 4-hours chart of ETH/USD (data feed via Kraken). The…

Here’s Why Altcoins Are “In Trouble” Despite Bitcoin’s Bullish Behavior

Bitcoin price today smashed back above $11,000 and is attempting to hold currently. The incredibly bullish price action following a retest of resistance turned support could have given bulls the confidence to push the crypto asset’s price much higher. But as bullish momentum builds in Bitcoin, altcoins have turned bearish. According to one crypto analyst, alts are “in trouble” no matter which direction the first-ever cryptocurrency heads next. Analyst: Bitcoin Is Bullish But Is Ready To ‘Rekt’ Alts Whatever Route It Takes Bitcoin has been the best-performing mainstream asset of…

Bullish Case For Bitcoin: Profit Taking Turns Into Buying The Blood

Bitcoin price recently saw a $2,000 correction after months straight of surging. At the start of the selloff, signs pointed to profit-taking as the primary reason for the pullback. However, after greed turned to fear, big-money investors have begun buying the blood right out from under investors who are panic-selling the cryptocurrency at a loss. Here’s why this is incredibly bullish for Bitcoin and what this could mean for a new uptrend taking hold. Bitcoin Whales Buy The Blood As Small Time Investors Panic Sell At a Loss The crypto…

Ethereum’s Moving Averages Point to “Bullish Continuation” With a $1,000+ Target

Ethereum has seen some slight weakness throughout the past couple of days. This has come about despite the intense strength that Bitcoin has displayed, signaling that the resistance ETH faces between $380 and $400 may be insurmountable. Although ETH has yet to post any sort of technical breakout, it remains a strong likelihood that the digital asset sees further upside in the mid and long-term. One trend seen while looking towards ETH’s daily moving averages is incredibly bullish and is strikingly similar to one seen in 2016. If history repeats…

Has Bitcoin Confirmed A Bullish Retest Of “Meme” Downtrend Line?

Bitcoin price may be at among its most critical moments in its short just over a decade history. The cryptocurrency has over the last several days retested the all-important “meme” downtrend line extending from all-time high as resistance turned support. After successfully holding, the bullish retest could be confirmed, and the last dip before Bitcoin’s next bull run could already be behind us. Has Bitcoin Confirmed A Bullish Retest Of The “Meme” Downtrend Line? Bitcoin price has spent three years trapped within a downtrend. This downtrend was capped off by…

This Top Macro Analyst Is Bullish on Ethereum’s Nexus Mutual (NXM)

Ethereum’s decentralized finance space has been catching a lot of attention over the past few weeks. This is for good reason: since the start of the year, the value of tokens locked in DeFi has surged in excess of 1,000%. Certain projects, too, have come under the scope of top investors. One macro analyst, Remi Tetot of Global Macro Investor and Real Vision, thinks that Nexus Mutual, an Ethereum-based decentralized mutual, is a project with strong potential. Related Reading: CNBC’s “Mad Money” Host Jim Cramer Is Finally Buying Bitcoin Remi Tetot…

Bullish pennant hints at Bitcoin price breakout to $11,300

Bitcoin (BTC) price appears to have entered the weekend on the good foot after a relatively uneventful Friday saw the price continue to fluctuate between $10,200-$10,400.  Cryptocurrency daily market performance snapshot. Source: Coin360 At the time of writing the daily chart shows the top-ranked digital asset tightening into a pennant and since making a double bottom at $9,838, BTC has etched a pattern of higher lows which have now pinched the price into a tighter range.  BTC/USDT daily chart. Source: TradingView While trading volume still leaves a lot to be…

Chainlink is Setting Up for a Move Higher as Bullish Signs Emerge: Analyst

Macro uncertainty within the global markets has had a trickle-down effect, causing Bitcoin to see consolidation and weakness, which has, in turn, led Chainlink and other altcoins to see similar price action. While looking towards LINK’s recent price action, the cryptocurrency has been caught within a trading range between $11.20 and $13.20, with these two levels being visited and respected on multiple occasions throughout the past few days. One analyst is now noting that where the entire market trends in the near-term will likely depend on Bitcoin’s reaction to its…