Posts by Alfredo Showtimer
Bitcoin May “Teleport” to $13,000 if It Breaks Key Level
Bitcoin is currently caught in an unwavering consolidation phase within the upper-$11,000 region This is where the cryptocurrency has been trading throughout the past several days Unless buyers step up and shatter the resistance that sits around $12,000, the crypto could be poised to see notable losses One analyst is now noting that he is…
Read MoreEthereum is Showing Early Signs of Weakness; Is the Top in?
Ethereum, like Bitcoin, is facing a bout of consolidation as it trades below its crucial near-term resistance This level has held strong throughout the past several days, and each attempt to break above $400 has been met with an influx of selling pressure One result of this consolidation phase has been the emergence of multiple…
Read MoreBitcoin is Facing “Serious” Bearish Divergences as Analysts Eye Downside
The strong momentum Bitcoin has incurred in recent weeks is now showing some signs of stalling as it struggles to break above $12,000 This signals that the resistance at this level may be insurmountable, and may also be a sign of weakness amongst bulls Analysts are now noting that it has led to a surge…
Read MoreWhy Toppling Silver and Gold Prices Could Be Especially Bad for Bitcoin
In March 2020, the stock market dragged cryptocurrencies down to their Black Thursday bottom. Since then, however, soaring gold and silver prices have helped restore interest in Bitcoin and altcoins. These hard, digitally scarce assets are expected to perform similarly to precious metals due to similar supply attributes. Still, it also could cause a disastrous…
Read MoreXRP Could Plunge Towards $0.21, Fears Analyst After Price Rallies 50%
XRP has gained approximately 50% in the past two weeks alone. The asset now trades at $0.32 as of this article’s writing, reaching highs not seen since earlier this year. Analysts are not convinced that the altcoin continues to press higher despite the price action. One trader says that XRP has the potential to drop…
Read MoreThis Bitcoin Metric Just Dropped 4%—And It’s Bullish For The Market
Bitcoin has rallied by approximately 25% over the past two weeks as Ethereum has wrested the market higher. The asset currently trades at $11,750 as of this article’s writing, with the uptrend still intact. A crucial on-chain metrics, the number of BTC held by exchanges, has been dropping over recent days. Analysts say that this…
Read MoreBitcoin Just Posted the “Most Important Breakout” in BTC History
Bitcoin has been seeing some incredibly bullish price action throughout the past several days and weeks The cryptocurrency is now consolidating at just below $12,000 as its buyers attempt to catalyze another leg higher Despite facing resistance at this level, the crypto has yet to see any type of harsh breakdown here One recent technical…
Read MoreHere’s Why One Analyst Expects Ethereum to Tap $275 Before Pushing Any Higher
Ethereum has been struggling to break above $400 for the past several days The selling pressure here is quite significant, and a sustained break above this level would be a highly bullish technical development Because ETH has been consolidating just below it throughout the past few days, bulls may be gearing up for a major…
Read MoreBitcoin Supply Slowly Shifts From Whales Toward Smaller Entities
New data shows that the amount of Bitcoin held by smaller entities has grown significantly. Meanwhile, during the same time, whale-sized BTC wallets declined by a similar margin. Clearly, there’s been a sizable shift in supply, but what exactly does this crypto wealth transfer signify? And is this bullish or bearish for the first-ever cryptocurrency?…
Read MoreAfter Surging 60% in Two Weeks, Ethereum Just Printed a Reversal Sign
Even factoring in the flash crash on the weekend, Ethereum is still up by approximately 60% in the past two weeks. ETH is printing a reversal sign after this extremely strong rally, per a Telegram channel tracking certain technical analysis signals. The signal predicts that Ethereum will undergo a bearish reversal in the coming days.…
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