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BITCOIN NEWS: Kraken exchange has release a bitcoin volatility report suggesting that the next BTC bull run is very close to occurring based on previous historical volatility indicators since 2012. In this bitcoin technical analysis today, we analyze the BTC price and charts and integrate them into this Kraken report on BTC.

Bitcoin kraken Article: https://www.cryptopolitan.com/bitcoin-bull-rally-coming-kraken/

Kraken Tweet: https://twitter.com/krakenfx/status/1293232838746218498?s=20

Cycles of Bitcoin – https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative/

📝Legal: *’The above video references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.’
____________________________________________________________________

Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.

#Bitcoin #BTC #Crypto #Cryptocurrency

#Bitcoin dominance just hit a 5 month low. Last time #BTC percent and price sprung back, while altcoins took a blow. Has the tide changed this time around? What to expect for the next big BTC move, PayPal partners with Paxos, crypto news, and more!

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⏰ *Timestamps:*
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2:58 Bitcoin Analysis
7:35 AltSeason Over?
8:24 BTC Dominance Theory
9:52 Is DeFi a fad?
12:21 PayPal x Paxos
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DISCLAIMER: Crypto Zombie is not a financial advisor. This is not financial advice. Everything said in this video is the sole opinion of those who appear in it. The statements in this video are not investment or trading advice. This video is intended solely for educational and/or entertainment purposes only. Always do your own research before investing. Trading cryptocurrencies is extremely risky. Do not trade on any exchange that prohibits trading from your geographical region. Never invest more than you can afford to lose. Crypto Zombie is not responsible for your losses or gains as a result of buying, selling, or trading cryptocurrencies. This video, description and/or comments may contain affiliate links. By utilizing any of the these links you are helping to support the channel as we do receive a commission. Thank you for your support!

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The crypto analyst who accurately predicted last years Bitcoin retracement has updated his roadmap of the BTC ascent to $100,000 as the king cryptocurrency approaches the apex of a long-term triangle.

Trader Dave the Wave tells his 33,000 Twitter followers that Bitcoin is poised for a big move as the top cryptocurrency shows signs of compression.

“Momentum and volatility flat-lining as price coils within the business end of the triangle. A picture of diminishing returns/ price discovery if there ever was one, and based on what price is actually doing, not what it ‘ought’ to do. Shaping up nicely for the move going forward.”

Based on Dave’s chart, Bitcoin is losing steam as seen on the slumping logarithmic moving average convergence and divergence (LMACD). The indicator is designed to reveal changes in an asset’s trend, strength and momentum.

In addition, the king coin’s volatility looks ready to hit its all-time lows as the Bollinger bands width (BBW) indicator approaches a value of 0.50. The low BBW reading suggests that BTC’s trading range is at its narrowest point in four years.

Bitcoin’s tightening trading range and dying momentum suggest that a violent move is on the horizon as the dominant cryptocurrency approaches the end of a multi-year triangle. Dave says that once volatility returns, he expects Bitcoin to go through a significant correction.

Once the pullback is over, Dave sees Bitcoin eventually breaking out of the long-term triangle. He says Bitcoin will recover its all-time high of $20,000 next year before igniting a manic phase that would send the top cryptocurrency above $100,000 before 2022 expires.

In other trending Bitcoin News today:

BITCOIN TO SOON CONFIRM BUY SIGNAL THAT PRECEDED 2017’S 2,000% RALLY

According to a crypto analyst, Bitcoin’s macro Moving Average Convergence Divergence (MACD) is about to cross green on the monthly time frame.

Should this take place, it will mark a large win for the bull case. For instance, prior to the rally from under $1,000 to $20,000 in late-2016/2017, BTC formed this signal. And prior to the rally to $14,000 in 2019, this signal was formed.

The potential cross in the MACD isn’t the only signal that is supporting the long-term bull case.

This past Sunday, digital asset manager Charles Edwards noted that his indicator, the Hash Ribbons, printed a “buy” signal:

“Bitcoin Hash Ribbons “Buy” signal just confirmed. The post-Halving signal is particularly special.  It will probably be a very long time until the next occurs. …and so the great bull run begins.”

This is important as the signal has preceded parabolic rallies in the price of BTC. Edwards found in an analysis published last year that the gain-to-peak of the indicator’s “buy” signals comes out to an average of 5,520%.

The fundamentals are equally as bullish, analysts have said.

As reported by Bitcoinist previously, Nexo’s Antoni Trenchev argued that Bitcoin is still poised to hit $50,000 by the end of 2020. He attributed this strong sentiment to the presence of money printing by central banks and the block reward halving:

“So yes, I’m sticking to my prediction of 50K until the end of the year. I appreciate that it is a bold statement, but the fundamentals are there and the momentum is shifting there as well,” Trenchev concluded to the Bloomberg journalist.

This optimism has been echoed by Adam Back, the chief executive of Blockstream.

The long-time industry executive and programmer told Bloomberg in a July interview that BTC will hit $300,000 in the next five years. Like Trenchev, Back also mentioned money printing, but added that bonds and real estate likely have low risk-return ratios.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky and so is investing into Cryptocurrency. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

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In today’s Bitcoin update, we talk about how Bitcoin is at a crucial decision point. Will Bitcoin fall below some key levels of support and retrace back down below $9,000. What happens if Bitcoin does this? Or will Bitcoin bounce where it is at right now and kick off a new rally? We discuss this and more in today’s video.

Time Stamps:
0:00 Intro
1:49 BTC Technical Analysis
5:35 Where is BTC headed? (TA)
7:28 Tips
9:17 CT2A Sale
10:19 THANK YOU!
12:42 Outro

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The Chinese stock market has found itself caught within the throes of a fresh bull market, and it could create a tailwind that lifts Bitcoin. After facing the dire implications of the ongoing pandemic that originated within China’s borders, the country’s investors appear to be moving on, now helping to fuel a fresh bull market. The country’s benchmark stock indices all saw massive growth during their latest trading session, with the Shanghai Composite even seeing its best single-day percentage gain since 2015. A few simple factors are driving this fresh uptrend, and one group believes that they could bode well for Bitcoin. It is important to note that unlike the U. S. financial markets, retail traders are the dominant force within the Chinese equities market. Some data sets even suggest that they account for 99% of the stock market’s investor base. As these traders flood into the market, their growing appetite for risk may translate into gains for Bitcoin. After a long period of weakness, the Chinese equities market is rebounding with a bang. On Monday, the Shanghai Composite rallied nearly 6%, while the Hang Seng was able to climb by 4%. These gains come as the global markets in general start flashing signs of strength. The new uptrend was catalyzed by a push from the country’s regulatory agencies for the development of margin trading and short selling capabilities in the country, which is anticipated to boost stock market activity. It also appears to be driven by hype. Because retail investors make up for 99% of the Chinese market’s investor base – according to a government survey from May – their excitement regarding technical and fundamental developments can morph into mania. The power of a retail investor mania was seen in 2017 when Bitcoin and the aggregated crypto market saw meteoric gains. A similar trend has also been seen recently in the US stock market, with an army of traders on Robinhood pushing some individual stock prices up hundreds of percent. The media can also help fuel this hype, and CNN has reported that multiple state-owned media channels within the country are already pushing the narrative that the markets are entering firm bull territory. One active crypto fund recently explained that China’s FTSE A50 Index hit fresh all-time highs off of this latest rally. This, they note, indicates that risk sentiment for Chinese investors is growing, potentially boding well for Bitcoin and the aggregated crypto market. Naturally, there are barriers in China preventing retail investors from entering the crypto markets freely, but the use of VPNs and other means allow these roadblocks to be easily subverted.

All data is taken from the source: https://www.newsbtc.com/
Article Link: https://www.newsbtc.com/2020/07/06/chinese-markets-rally-to-boost-bitcoin/

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Ethereum is struggling to clear the $230 resistance level against the US Dollar. ETH price is showing positive signs and it seems like a close above the 100 SMA (H4) could trigger a fresh rally. After a strong rejection near $250, Ethereum started a major decline below the $238 support against the US Dollar. ETH price traded below the $230 support level and settled well below the 100 simple moving average (4-hours). The decline was such that the price even spiked below $220. A low was formed near $216 before the price started an upside correction. There was a break above the $220 level, plus the 23.6% Fib retracement level of the downward move from the $250 swing high to $215 low. The upward move was capped by the $232 resistance. It represents the 50% Fib retracement level of the downward move from the $250 swing high to $215 low. The price is currently trading above the $225 support, but it is struggling to gain momentum above the 100 simple moving average (4-hours). Recently, there was a break above an important bearish trend line with resistance near $225 on the 4-hours chart of ETH/USD. This is a positive sign, but the bulls still need to push the price above the 100 SMA and $230. If there is a successful close above $230 and $232, the price could start a strong increase in the coming sessions. The next target for the bulls could be $250. If Ethereum fails to continue higher above the $230 and $232 resistance levels, there are chances of a fresh decline. An initial support is near the $222 level. A daily close below the $222 support zone could start a steady decrease. The next support is near $215, below which the bears might aim a test of $200. Technical Indicators4 hours MACD – The MACD for ETH/USD is losing momentum in the bullish zone.4 hours RSI – The RSI for ETH/USD is currently correcting lower towards the 50 level. Major Support Level – $222Major Resistance Level – $232Take advantage of the trading opportunities with Plus500Risk disclaimer: 76.4% of retail CFD accounts lose money.

All data is taken from the source: https://www.newsbtc.com/
Article Link: https://www.newsbtc.com/2020/07/05/ethereum-100-sma-could-spark-rally/

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Cardano is going to the moon before its top crypto competitor Bitcoin. The blockchain platform’s native asset ADA reached its year-to-date high on Wednesday. As of 2300 UTC, the ADA/USD exchange rate topped at $0.097, its highest since June 2019. The latest gains further extended Cardano’s yearly growth to near 178 percent, according to data provided by Messari. The token also performed exceptionally well against Bitcoin, the top cryptocurrency whose uptrend has paused in the last three weeks. The ADA/BTC exchange rate was up 7.49 percent on a 24-hour adjusted timeframe. The gains in ADA price came on the day Cardano kicked off its much-anticipated network upgrade. The project will transform from “Byron,” a federated blockchain to a much more decentralized and dynamic “Shelley.”The Cardano team aims to become a key player in the emerging supply chain and decentralized finance sectors. Shelley expects to pave the way for the project to become a truly decentralized and scalable blockchain solution for the two industries. Founder David Hoskinson updated that they have launched the first Shelley node on Cardano’s mainnet. He added that a full hard fork would take place at the end of July, followed by a full-staking launch on the new blockchain on August 18. The anticipation of a better product seems to be the driver of ADA’s incredible price surge on Wednesday. Traders visibly increased their upside positions in the cryptocurrency market, which may later lead to a short-term price correction on profit-taking sentiment. On Thursday, the Cardano price corrected lower by 2.5 percent. That may have been the beginning of a bearish correction that typically follows a wild upside move. Traders who went Long on ADA yesterday may want to liquidate their positions for short-term gains. It is impossible to predict how far the bearish correction would go. Nevertheless, there is an Ascending Trendline below that have capped Cardano’s downside attempts lately. It may act as a support level should the cryptocurrency’s pump result in an equally massive dump. Conversely, bulls may want to target its YTD top to break towards the next upside target near $0.103. Meanwhile, a move beyond the said level would further set traders’ eyes on $0.116 as their primary long target.

All data is taken from the source: https://www.newsbtc.com/
Article Link: https://www.newsbtc.com/2020/07/02/cardano-price-hits-2020-top-ada-token/

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A MAJOR AMERICAN BANK WAS HACKED! MILLIONS MISSING! BITCOIN DID NOT CRASH DESPITE EXPECTATION! Bitcoin Flipped Bullish! The STOCK MARKET DID NOT CRASH ON MONDAY! What Comes NEXT?! AND XRP FOUNDER JED MCCALEB HAS MILLIONS OF COINS LEFT TO DUMP! HOW LOW CAN XRP GO? Other than that, XRP and Ethereum Analysis, Altcoins look GOOD! Bitcoin Price and Dow Jones Price analysis. Find out in todays video! Today i discuss Stock MArket News, Crypto News, as well as conducting some BTC Bitcoin Price Analysis, Eth Price Analysis, DOWJ Price Analysis, XRP Price Analysis!

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Bitcoin and its altcoin peers extended their rally on Wednesday, pushing their collective market cap north of $300 billion for the first time since August. The bitcoin price rallied in the overnight session, eventually topping out at $10,487.46 on Gemini – the highest since September. The original cryptocurrency was last seen hovering just below $10,400, having gained nearly 5% over the 24-hour trading cycle. At current values, bitcoin has a total market capitalization of $188.9 billion, accounting for 62.4% of the crypto asset class. Bitcoin’s return to $10,000 seemed imminent last week after the largest cryptocurrency achieved an important technical milestone. On Jan. 31, the 50-day exponential moving average (EMA) crossed the 200-day EMA, setting the stage for a continuation of the bullish trend. Since the so-called “golden cross” was attained, bitcoin has rallied more than $2,000. Beyond the number one cryptocurrency, altcoins and tokens saw significant upside on Wednesday. Ethereum (ETH) spiked 13.5% to $254.35, its highest since July. XRP rose 8.7% to $0.2969. Bitcoin cash (BCH), EOS, Litecoin (LTC) and Cardano (ADA) rose between 4% and 11%. No other cryptocurrency exemplified ‘alt season’ like Tezos (XTZ). The tokenization platform spiked more than 20% on Wednesday en route to a new all-time high. Combined, crypto assets reached a total market capitalization of $302.7 billion, their highest since August. The asset class has grown by $110 billion this year alone, having completely reversed the cyclical bear market that began in the third quarter of 2019. Some analysts have attributed the parabolic rally to ‘alt season,’ as more investors cycle back into beaten-down alternative cryptos. Bitcoin’s emerging status as a safe haven could also be a driving factor given its strong correlation with gold in recent months. Disclaimer: The above should not be considered trading advice from CCN.com. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

All data is taken from the source: https://www.ccn.com/
Article Link: https://www.ccn.com/crypto-markets-reach-6-month-milestone-following-monster-rally/

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Crypto Markets Reach 6-Month Milestone Following Monster Rally: https://www.youtube.com/watch?v=Nm6LUNCQJCE

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Bitcoin (BTC) and other top crypto assets are trading far from their all-time highs.

According to data from TradingView, BTC is trading more than 50% below its all-time high, while Ethereum is down nearly 85%. Most altcoins have registered even worst performances than the two market leaders, crushed as large players cashed out of the market during the 2017/2018 bubble.

Yet this hasn’t stopped investors from speculating where this nascent market could end up once the next market cycle peaks.

CRYPTO COULD HIT $10 TRILLION AS RETAIL MONEY FLOODS IN

According to Joseph Todaro — managing partner of crypto-centric fund Blocktown Capital — the crypto market’s capitalization could reach over $10 trillion in the next cycle as “retail money really starts flowing back in.”

$10 trillion is approximately 4,000% higher than the current aggregate value of digital assets at around $270 billion.

“When retail money really starts flowing back into crypto I wouldn’t be surprised to see a $10T+ market top”

In context, $10 trillion is a fair sum of value in the grand scheme of things.

Blockforce Capital chief executive Eric Ervin shared the chart below on June 9th, showing that the total market capitalization of the S&P 500 is $27.8 trillion.

At $10 trillion, crypto would be just over one-third of the current value of some of the most valuable companies in the world, including Apple, Microsoft, Facebook, and Amazon.

$10 trillion is also around 50% of the U.S.’s national GDP in 2019 or around 10-12% of the global GDP.

Importantly, though, just because crypto’s market cap may reach $10 trillion may not mean that $10 trillion greenbacks have been deposited into Bitcoin exchanges.

Due to what is known as a fiat amplifier, which means that $1 worth of Bitcoin purchased may push up its market cap by more than $1, a $10 trillion industry may not be as hard to achieve as some may expect.

The expectation is that all cryptocurrencies will rally in the upcoming market cycle, but prominent names in the space expect the gains to be concentrated in Bitcoin.

Raoul Pal, chief executive of Real Vision and a former Goldman Sachs executive, has spoken on the matter on a number of occasions.

The investment veteran has said that he sees a world of cryptocurrency and blockchain as the future, but sees Bitcoin as the “call option” on that potential world coming to fruition. That’s to say, if cryptocurrencies go mainstream, BTC will likely be the one leading the charge.

In other trending Bitcoin News today:

Bombshell Report Shows 36% of Institutional Investors Already Own Crypto Assets Such As Bitcoin and Ethereum

A new survey from the global asset management giant Fidelity shows 36% of institutional investors already own crypto assets.

Four out of five investors who are not yet in the market say they’re interested in holding cryptocurrency in the future and find at least one aspect of the emerging technology appealing.

“Almost 80% of institutional investors find something appealing about digital assets, with the three almost equally compelling characteristics across U.S. and European investors being: uncorrelated to other asset classes (36%); an innovative technology play (34%); and high potential upside (33%).”

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Show Notes / News Resources:
– https://bitcoinist.com/fund-manager-crypto-rally-4000-percent-10-trillion/
– https://dailyhodl.com/2020/06/09/bombshell-report-shows-36-of-institutional-investors-already-own-bitcoin-or-ethereum/
– https://cointelegraph.com/news/report-less-than-6-accounts-control-80-of-wealth-on-top-stablecoins
– https://twitter.com/JosephTodaro_/status/1270517088034095105

DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky and so is investing into Cryptocurrency. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

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Bitcoin and its altcoin peers extended their rally on Wednesday, pushing their collective market cap north of $300 billion for the first time since August. The bitcoin price rallied in the overnight session, eventually topping out at $10,487.46 on Gemini – the highest since September. The original cryptocurrency was last seen hovering just below $10,400, having gained nearly 5% over the 24-hour trading cycle. At current values, bitcoin has a total market capitalization of $188.9 billion, accounting for 62.4% of the crypto asset class. Bitcoin’s return to $10,000 seemed imminent last week after the largest cryptocurrency achieved an important technical milestone. On Jan. 31, the 50-day exponential moving average (EMA) crossed the 200-day EMA, setting the stage for a continuation of the bullish trend. Since the so-called “golden cross” was attained, bitcoin has rallied more than $2,000. Beyond the number one cryptocurrency, altcoins and tokens saw significant upside on Wednesday. Ethereum (ETH) spiked 13.5% to $254.35, its highest since July. XRP rose 8.7% to $0.2969. Bitcoin cash (BCH), EOS, Litecoin (LTC) and Cardano (ADA) rose between 4% and 11%. No other cryptocurrency exemplified ‘alt season’ like Tezos (XTZ). The tokenization platform spiked more than 20% on Wednesday en route to a new all-time high. Combined, crypto assets reached a total market capitalization of $302.7 billion, their highest since August. The asset class has grown by $110 billion this year alone, having completely reversed the cyclical bear market that began in the third quarter of 2019. Some analysts have attributed the parabolic rally to ‘alt season,’ as more investors cycle back into beaten-down alternative cryptos. Bitcoin’s emerging status as a safe haven could also be a driving factor given its strong correlation with gold in recent months. Disclaimer: The above should not be considered trading advice from CCN.com. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

All data is taken from the source: https://www.ccn.com/
Article Link: https://www.ccn.com/crypto-markets-reach-6-month-milestone-following-monster-rally/

#bitcoin #lexingtonkynews #geminicrypto #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

Crypto Markets Reach 6-Month Milestone Following Monster Rally: https://www.youtube.com/watch?v=bE3bMnCoSlM

Ethereum started a fresh increase from the $235 zone against the US Dollar. ETH price is now trading nicely above $240, but it is still struggling to gain momentum above $245 and $250. Ethereum price extended its decline below the $240 support level. ETH price traded close to the $235 level before the bulls took a stand. A low is formed near $234 and the price recently recovered sharply. There was a break above the $240 resistance zone and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $242 on the hourly chart of ETH/USD. However, ether price again struggled to gain strength above the $245 resistance. A high is formed near $246 and the price is currently correcting lower. It tested the 23.6% Fib retracement level of the recent wave from the $234 low to $246 high. The first major support on the downside is near the $242 level and the 100 hourly simple moving average. The next key support is near the $240 level and the 50% Fib retracement level of the recent wave from the $234 low to $246 high. On the upside, the bulls need to gain strength above the $245 and $250 resistance levels to start a strong increase. The next major barrier could be near the $260 and $262 levels. If Ethereum fails to continue higher above $245, it could react to the downside. The main support is near the $240 level and the 100 hourly simple moving average. If the price settles below $240, there is a risk of another test of the $230 support. Any further losses could lead the price towards the $220 support zone. Technical IndicatorsHourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is currently well above the 50 level. Major Support Level – $240Major Resistance Level – $250Take advantage of the trading opportunities with Plus500Risk disclaimer: 76.4% of retail CFD accounts lose money.

All data is taken from the source: https://www.newsbtc.com/
Article Link: https://www.newsbtc.com/2020/06/08/ethereum-eth-must-break-250-for-fresh-rally/

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Ethereum Defies Gravity But Here’s Why It Must Break $250 For Fresh Rally: https://www.youtube.com/watch?v=FEDikO89WN4

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Bitcoin and its altcoin peers extended their rally on Wednesday, pushing their collective market cap north of $300 billion for the first time since August. The bitcoin price rallied in the overnight session, eventually topping out at $10,487.46 on Gemini – the highest since September. The original cryptocurrency was last seen hovering just below $10,400, having gained nearly 5% over the 24-hour trading cycle. At current values, bitcoin has a total market capitalization of $188.9 billion, accounting for 62.4% of the crypto asset class. Bitcoin’s return to $10,000 seemed imminent last week after the largest cryptocurrency achieved an important technical milestone. On Jan. 31, the 50-day exponential moving average (EMA) crossed the 200-day EMA, setting the stage for a continuation of the bullish trend. Since the so-called “golden cross” was attained, bitcoin has rallied more than $2,000. Beyond the number one cryptocurrency, altcoins and tokens saw significant upside on Wednesday. Ethereum (ETH) spiked 13.5% to $254.35, its highest since July. XRP rose 8.7% to $0.2969. Bitcoin cash (BCH), EOS, Litecoin (LTC) and Cardano (ADA) rose between 4% and 11%. No other cryptocurrency exemplified ‘alt season’ like Tezos (XTZ). The tokenization platform spiked more than 20% on Wednesday en route to a new all-time high. Combined, crypto assets reached a total market capitalization of $302.7 billion, their highest since August. The asset class has grown by $110 billion this year alone, having completely reversed the cyclical bear market that began in the third quarter of 2019. Some analysts have attributed the parabolic rally to ‘alt season,’ as more investors cycle back into beaten-down alternative cryptos. Bitcoin’s emerging status as a safe haven could also be a driving factor given its strong correlation with gold in recent months. Disclaimer: The above should not be considered trading advice from CCN.com. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading. Last modified: February 13, 2020 1:19 AM UTC

All data is taken from the source: https://www.ccn.com/
Article Link: https://www.ccn.com/crypto-markets-reach-6-month-milestone-following-monster-rally/

#bitcoin #fox5newsatlanta #xlmcoin #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

Crypto Markets Reach 6-Month Milestone Following Monster Rally: https://www.youtube.com/watch?v=nAlk3NRzTBE

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Bitcoin and its altcoin peers extended their rally on Wednesday, pushing their collective market cap north of $300 billion for the first time since August. The bitcoin price rallied in the overnight session, eventually topping out at $10,487.46 on Gemini – the highest since September. The original cryptocurrency was last seen hovering just below $10,400, having gained nearly 5% over the 24-hour trading cycle. At current values, bitcoin has a total market capitalization of $188.9 billion, accounting for 62.4% of the crypto asset class. Bitcoin’s return to $10,000 seemed imminent last week after the largest cryptocurrency achieved an important technical milestone. On Jan. 31, the 50-day exponential moving average (EMA) crossed the 200-day EMA, setting the stage for a continuation of the bullish trend. Since the so-called “golden cross” was attained, bitcoin has rallied more than $2,000. Beyond the number one cryptocurrency, altcoins and tokens saw significant upside on Wednesday. Ethereum (ETH) spiked 13.5% to $254.35, its highest since July. XRP rose 8.7% to $0.2969. Bitcoin cash (BCH), EOS, Litecoin (LTC) and Cardano (ADA) rose between 4% and 11%. No other cryptocurrency exemplified ‘alt season’ like Tezos (XTZ). The tokenization platform spiked more than 20% on Wednesday en route to a new all-time high. Combined, crypto assets reached a total market capitalization of $302.7 billion, their highest since August. The asset class has grown by $110 billion this year alone, having completely reversed the cyclical bear market that began in the third quarter of 2019. Some analysts have attributed the parabolic rally to ‘alt season,’ as more investors cycle back into beaten-down alternative cryptos. Bitcoin’s emerging status as a safe haven could also be a driving factor given its strong correlation with gold in recent months. Disclaimer: The above should not be considered trading advice from CCN.com. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

All data is taken from the source: https://www.ccn.com/
Article Link: https://www.ccn.com/crypto-markets-reach-6-month-milestone-following-monster-rally/

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Crypto Markets Reach 6-Month Milestone Following Monster Rally: https://www.youtube.com/watch?v=aAI3GXXADwc

Ethereum could be well positioned to see some notable upside in the days and weeks ahead, despite its overt signs of weakness caused by its recent decline to the sub-$200 region. Analysts are now noting that its market structure still favors buyers so long as it maintains above $185, and that a continued defense of this support could be enough to spark the cryptocurrency’s next major uptrend. One such analyst is even noting that this potential next upswing could lead the cryptocurrency to as high as $290, with this being a critical level due to it being ETH’s current year-to-date high. It is important to keep in mind that Ethereum’s moving averages are still telling a bearish tale when it comes to the crypto’s macro trend, and buyers will have to begin garnering significant strength in order to shift these MAs back into their favor. At the time of writing, Ethereum is trading up 1% at its current price of $200. This marks a notable climb from daily lows of $192 that were set yesterday when the crypto began incurring some downwards momentum. Buyers were able to quickly absorb this selling pressure, however, and subsequently were able to propel ETH back above $200. The crypto is currently trading well below its multi-week highs of over $230, with its decline from these highs leading it to see immense bearishness against its Bitcoin trading pair. Its weakness against BTC has placed some drag on its USD trading pair as well, also causing its moving averages to flash signs of immense macro weakness. One trader recently spoke about this development in a recent tweet, explaining that it is “hard to find any macro bullish argument” for Ethereum due to its moving averages. Another analyst recently explained that he still believes that the cryptocurrency is well positioned to see further upside as long as it trades above $185. He noted that a continued defense of this level could lead the crypto to $250 or even $290. The same analyst also went on to further add that Ethereum should be able to incur a solid uptrend as long as it remains above its 100 and 200-day moving averages on its daily chart.

All data is taken from the source: https://www.newsbtc.com/
Article Link: https://www.newsbtc.com/2020/05/16/ethereum-could-rally-to-290-if-it-holds-this-one-crucial-level/

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Ethereum Could Rally to $290 if it Holds This One Crucial Level: https://www.youtube.com/watch?v=NoKo8vVl7No

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**DISCLAIMER**- I am not a financial adviser nor am I giving financial advice. I am sharing my opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.

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Bitcoin and its altcoin peers extended their rally on Wednesday, pushing their collective market cap north of $300 billion for the first time since August. The bitcoin price rallied in the overnight session, eventually topping out at $10,487.46 on Gemini – the highest since September. The original cryptocurrency was last seen hovering just below $10,400, having gained nearly 5% over the 24-hour trading cycle. At current values, bitcoin has a total market capitalization of $188.9 billion, accounting for 62.4% of the crypto asset class. Bitcoin’s return to $10,000 seemed imminent last week after the largest cryptocurrency achieved an important technical milestone. On Jan. 31, the 50-day exponential moving average (EMA) crossed the 200-day EMA, setting the stage for a continuation of the bullish trend. Since the so-called “golden cross” was attained, bitcoin has rallied more than $2,000. Beyond the number one cryptocurrency, altcoins and tokens saw significant upside on Wednesday. Ethereum (ETH) spiked 13.5% to $254.35, its highest since July. XRP rose 8.7% to $0.2969. Bitcoin cash (BCH), EOS, Litecoin (LTC) and Cardano (ADA) rose between 4% and 11%. No other cryptocurrency exemplified ‘alt season’ like Tezos (XTZ). The tokenization platform spiked more than 20% on Wednesday en route to a new all-time high. Combined, crypto assets reached a total market capitalization of $302.7 billion, their highest since August. The asset class has grown by $110 billion this year alone, having completely reversed the cyclical bear market that began in the third quarter of 2019. Some analysts have attributed the parabolic rally to ‘alt season,’ as more investors cycle back into beaten-down alternative cryptos. Bitcoin’s emerging status as a safe haven could also be a driving factor given its strong correlation with gold in recent months. Disclaimer: The above should not be considered trading advice from CCN.com. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

All data is taken from the source: https://www.ccn.com/
Article Link: https://www.ccn.com/crypto-markets-reach-6-month-milestone-following-monster-rally/

#bitcoin #nytimes #yahoofinance #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

Crypto Markets Reach 6-Month Milestone Following Monster Rally: https://www.youtube.com/watch?v=vqu95I9AAdI

A potential ETH bull run might be on its way

An analyst is suggesting that staking could trigger a bull run for ETH, but how likely is ETH 2.0 to generate this amount of demand.

When the Etehreum 2.0 finally ships, it could offer the “largest economic shift in society” according to Cointelegraph.

Ther launch of ETH 2.0 is planned for July and this will transform ETH from a “no-frills proof-of-work protocol to a fully-fledged staking platform.”

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🖐🖐🖐This content meant entertainment purposes only.These are just my ideas and speculations on things discussed in my videos. I am NOT a financial adviser and this is NOT financial advise. This market is HIGH RISK, enter, invest or trade at your own RISK!!! I am not responsible for your trades or investments. Be careful!!………….ENJOY!🖐🖐🖐
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Bitcoin and its altcoin peers extended their rally on Wednesday, pushing their collective market cap north of $300 billion for the first time since August. The bitcoin price rallied in the overnight session, eventually topping out at $10,487.46 on Gemini – the highest since September. The original cryptocurrency was last seen hovering just below $10,400, having gained nearly 5% over the 24-hour trading cycle. At current values, bitcoin has a total market capitalization of $188.9 billion, accounting for 62.4% of the crypto asset class. Bitcoin’s return to $10,000 seemed imminent last week after the largest cryptocurrency achieved an important technical milestone. On Jan. 31, the 50-day exponential moving average (EMA) crossed the 200-day EMA, setting the stage for a continuation of the bullish trend. Since the so-called “golden cross” was attained, bitcoin has rallied more than $2,000. Beyond the number one cryptocurrency, altcoins and tokens saw significant upside on Wednesday. Ethereum (ETH) spiked 13.5% to $254.35, its highest since July. XRP rose 8.7% to $0.2969. Bitcoin cash (BCH), EOS, Litecoin (LTC) and Cardano (ADA) rose between 4% and 11%. No other cryptocurrency exemplified ‘alt season’ like Tezos (XTZ). The tokenization platform spiked more than 20% on Wednesday en route to a new all-time high. Combined, crypto assets reached a total market capitalization of $302.7 billion, their highest since August. The asset class has grown by $110 billion this year alone, having completely reversed the cyclical bear market that began in the third quarter of 2019. Some analysts have attributed the parabolic rally to ‘alt season,’ as more investors cycle back into beaten-down alternative cryptos. Bitcoin’s emerging status as a safe haven could also be a driving factor given its strong correlation with gold in recent months. Disclaimer: The above should not be considered trading advice from CCN.com. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

All data is taken from the source: https://www.ccn.com/
Article Link: https://www.ccn.com/crypto-markets-reach-6-month-milestone-following-monster-rally/

#bitcoin #cbsnews #metamaskchrome #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

Crypto Markets Reach 6-Month Milestone Following Monster Rally: https://www.youtube.com/watch?v=1yULtibPqiA

Bitcoin and its altcoin peers extended their rally on Wednesday, pushing their collective market cap north of $300 billion for the first time since August. The bitcoin price rallied in the overnight session, eventually topping out at $10,487.46 on Gemini – the highest since September. The original cryptocurrency was last seen hovering just below $10,400, having gained nearly 5% over the 24-hour trading cycle. At current values, bitcoin has a total market capitalization of $188.9 billion, accounting for 62.4% of the crypto asset class. Bitcoin’s return to $10,000 seemed imminent last week after the largest cryptocurrency achieved an important technical milestone. On Jan. 31, the 50-day exponential moving average (EMA) crossed the 200-day EMA, setting the stage for a continuation of the bullish trend. Since the so-called “golden cross” was attained, bitcoin has rallied more than $2,000. Beyond the number one cryptocurrency, altcoins and tokens saw significant upside on Wednesday. Ethereum (ETH) spiked 13.5% to $254.35, its highest since July. XRP rose 8.7% to $0.2969. Bitcoin cash (BCH), EOS, Litecoin (LTC) and Cardano (ADA) rose between 4% and 11%. No other cryptocurrency exemplified ‘alt season’ like Tezos (XTZ). The tokenization platform spiked more than 20% on Wednesday en route to a new all-time high. Combined, crypto assets reached a total market capitalization of $302.7 billion, their highest since August. The asset class has grown by $110 billion this year alone, having completely reversed the cyclical bear market that began in the third quarter of 2019. Some analysts have attributed the parabolic rally to ‘alt season,’ as more investors cycle back into beaten-down alternative cryptos. Bitcoin’s emerging status as a safe haven could also be a driving factor given its strong correlation with gold in recent months. Disclaimer: The above should not be considered trading advice from CCN.com. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

All data is taken from the source: https://www.ccn.com/
Article Link: https://www.ccn.com/crypto-markets-reach-6-month-milestone-following-monster-rally/

#bitcoin #dailynationkenya #btscstockprice #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

Crypto Markets Reach 6-Month Milestone Following Monster Rally: https://www.youtube.com/watch?v=O1NEFR5rbHw

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Bitcoin and its altcoin peers extended their rally on Wednesday, pushing their collective market cap north of $300 billion for the first time since August. The bitcoin price rallied in the overnight session, eventually topping out at $10,487.46 on Gemini – the highest since September. The original cryptocurrency was last seen hovering just below $10,400, having gained nearly 5% over the 24-hour trading cycle. At current values, bitcoin has a total market capitalization of $188.9 billion, accounting for 62.4% of the crypto asset class. Bitcoin’s return to $10,000 seemed imminent last week after the largest cryptocurrency achieved an important technical milestone. On Jan. 31, the 50-day exponential moving average (EMA) crossed the 200-day EMA, setting the stage for a continuation of the bullish trend. Since the so-called “golden cross” was attained, bitcoin has rallied more than $2,000. Beyond the number one cryptocurrency, altcoins and tokens saw significant upside on Wednesday. Ethereum (ETH) spiked 13.5% to $254.35, its highest since July. XRP rose 8.7% to $0.2969. Bitcoin cash (BCH), EOS, Litecoin (LTC) and Cardano (ADA) rose between 4% and 11%. No other cryptocurrency exemplified ‘alt season’ like Tezos (XTZ). The tokenization platform spiked more than 20% on Wednesday en route to a new all-time high. Combined, crypto assets reached a total market capitalization of $302.7 billion, their highest since August. The asset class has grown by $110 billion this year alone, having completely reversed the cyclical bear market that began in the third quarter of 2019. Some analysts have attributed the parabolic rally to ‘alt season,’ as more investors cycle back into beaten-down alternative cryptos. Bitcoin’s emerging status as a safe haven could also be a driving factor given its strong correlation with gold in recent months. Disclaimer: The above should not be considered trading advice from CCN.com. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

All data is taken from the source: https://www.ccn.com/
Article Link: https://www.ccn.com/crypto-markets-reach-6-month-milestone-following-monster-rally/

#bitcoin #drudgenews #bestasicminer #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

Crypto Markets Reach 6-Month Milestone Following Monster Rally: https://www.youtube.com/watch?v=E6FY6_YdrRo

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Ethereum is trading nicely above the key $140 support zone against the US Dollar. ETH price is showing a few positive signs and it could attempt to rally above $145. Recently, Ethereum made another attempt to surpass the $145 resistance against the US Dollar, but it failed. ETH price formed a swing high near the $146 level and declined below $142. However, the decline was protected by the main $140 support and 100 hourly simple moving average. The price is currently rising and trading nicely above the $142 level. There was a break above the 50% Fib retracement level of the recent decline from the $146 swing high to $140 low. More importantly, there was a break above a major bearish trend line with resistance near $142 on the hourly chart of ETH/USD. Ethereum tested the $145 resistance once again, but failed to extend its rise. It seems like the 76.4% Fib retracement level of the recent decline from the $146 swing high to $140 low is currently protecting an upside break. If there is a clear break and close above the $145 resistance, the price could rise steadily above the $148 level. The next stop for the bulls could be near the $150 resistance, above which the price is likely to grind towards the $155 and $158 levels in the near term. On the downside, Ethereum is likely to remain well bid above the $140 support area and the 100 hourly simple moving average. If the price fails to stay above the $140 support, it could start a nasty decline. The next support is near the $135 level, below which there is a risk of a downside extension towards the main $124 support zone. Technical IndicatorsHourly MACD – The MACD for ETH/USD is slowly moving in the bullish zone. Hourly RSI – The RSI for ETH/USD is currently declining and approaching the 50 level. Major Support Level – $140Major Resistance Level – $145Take advantage of the trading opportunities with Plus500Risk disclaimer: 76.4% of retail CFD accounts lose money.

All data is taken from the source: https://www.newsbtc.com/
Article Link: https://www.newsbtc.com/2020/04/06/ethereum-swift-rally-could-occur-2/

#level #tethercoin #bitcoindoublerclub #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

A Key Trend Is Forming For Ethereum and A Swift Rally Could Occur: https://www.youtube.com/watch?v=0Y4lT5Bq4LE

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Could the Bitcoin (BTC) price potentially be in a “fake out” bull rally, in my opinion?! Let’s discuss this live today and some cryptocurrency trading technical analysis (TA) + speculative price prediction(s) + current 2020 market news for cryptos in today’s video/live stream!

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Disclaimer: The content covered in this video/live stream is NOT to be considered as investment advice. I’m NOT a financial adviser. These are only my own personal opinions, ideas, speculative theories/hypotheses, charts, technical analysis (TA), insights, curated news publications and price prediction(s) for 2020 and beyond. The technical analysis in this video/live stream is completely speculative and does NOT guarantee any specific result or profit. The technical analysis in this video/live stream has NO proven rate of accuracy and past performance is NOT indicative of future results. Do NOT trade or invest based upon the analysis presented in this video/live stream. Always do your own research and only invest solely based on your own findings and personal judgement after consulting with a professional/licensed financial adviser. I’ll never tell you what to do with your capital, trades or investments. I’ll also never recommend for you to buy or sell any asset, security commodity, derivative or cryptocurrency related instrument. I’m NOT a broker. I DON’T recommend or endorse the use of any brokerages or trading exchange platforms. Trading and/or investing in cryptocurrency and/or any related commodities/securities/derivatives/instruments is extremely HIGH RISK and you can very easily lose all of your investment capital! You should always consult with a professional/licensed financial adviser before trading or investing in any asset, security, commodity, derivative or cryptocurrency related instrument! I will NOT be held liable for any of your personal trading or investing decisions or any losses/damages that you may incur if you decide to speculate in the market. This video/live stream is purely for entertainment purposes only! —

#Bitcoin #Crypto #Cryptocurrency #BTC #CryptoNews #BitcoinNews #CryptocurrencyNews #BitcoinToday #BitcoinAnalysis #BitcoinPrice #BitcoinLive #BTCUSD #Altcoins #Altcoin

Bitcoin and its altcoin peers extended their rally on Wednesday, pushing their collective market cap north of $300 billion for the first time since August. The bitcoin price rallied in the overnight session, eventually topping out at $10,487.46 on Gemini – the highest since September. The original cryptocurrency was last seen hovering just below $10,400, having gained nearly 5% over the 24-hour trading cycle. At current values, bitcoin has a total market capitalization of $188.9 billion, accounting for 62.4% of the crypto asset class. Bitcoin’s return to $10,000 seemed imminent last week after the largest cryptocurrency achieved an important technical milestone. On Jan. 31, the 50-day exponential moving average (EMA) crossed the 200-day EMA, setting the stage for a continuation of the bullish trend. Since the so-called “golden cross” was attained, bitcoin has rallied more than $2,000. Beyond the number one cryptocurrency, altcoins and tokens saw significant upside on Wednesday. Ethereum (ETH) spiked 13.5% to $254.35, its highest since July. XRP rose 8.7% to $0.2969. Bitcoin cash (BCH), EOS, Litecoin (LTC) and Cardano (ADA) rose between 4% and 11%. No other cryptocurrency exemplified ‘alt season’ like Tezos (XTZ). The tokenization platform spiked more than 20% on Wednesday en route to a new all-time high. Combined, crypto assets reached a total market capitalization of $302.7 billion, their highest since August. The asset class has grown by $110 billion this year alone, having completely reversed the cyclical bear market that began in the third quarter of 2019. Some analysts have attributed the parabolic rally to ‘alt season,’ as more investors cycle back into beaten-down alternative cryptos. Bitcoin’s emerging status as a safe haven could also be a driving factor given its strong correlation with gold in recent months. Disclaimer: The above should not be considered trading advice from CCN.com. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

All data is taken from the source: https://www.ccn.com/
Article Link: https://www.ccn.com/crypto-markets-reach-6-month-milestone-following-monster-rally/

#bitcoin #channel9newsdenver #coinmarketcap #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

Crypto Markets Reach 6-Month Milestone Following Monster Rally: https://www.youtube.com/watch?v=bGFrV5DvjKE

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**DISCLAIMER**- I am not a financial adviser nor am I giving financial advice. I am sharing my opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.

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Has the Bitcoin (BTC) price bull rally potentially come to an end after being rejected at $7K, in my opinion?! Let’s discuss this live today and some cryptocurrency trading technical analysis (TA) + speculative price prediction(s) + current 2020 market news for cryptos in today’s video/live stream!

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Disclaimer: The content covered in this video/live stream is NOT to be considered as investment advice. I’m NOT a financial adviser. These are only my own personal opinions, ideas, speculative theories/hypotheses, charts, technical analysis (TA), insights, curated news publications and price prediction(s) for 2020 and beyond. The technical analysis in this video/live stream is completely speculative and does NOT guarantee any specific result or profit. The technical analysis in this video/live stream has NO proven rate of accuracy and past performance is NOT indicative of future results. Do NOT trade or invest based upon the analysis presented in this video/live stream. Always do your own research and only invest solely based on your own findings and personal judgement after consulting with a professional/licensed financial adviser. I’ll never tell you what to do with your capital, trades or investments. I’ll also never recommend for you to buy or sell any asset, security commodity, derivative or cryptocurrency related instrument. I’m NOT a broker. I DON’T recommend or endorse the use of any brokerages or trading exchange platforms. Trading and/or investing in cryptocurrency and/or any related commodities/securities/derivatives/instruments is extremely HIGH RISK and you can very easily lose all of your investment capital! You should always consult with a professional/licensed financial adviser before trading or investing in any asset, security, commodity, derivative or cryptocurrency related instrument! I will NOT be held liable for any of your personal trading or investing decisions or any losses/damages that you may incur if you decide to speculate in the market. This video/live stream is purely for entertainment purposes only! —

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Bitcoin and its altcoin peers extended their rally on Wednesday, pushing their collective market cap north of $300 billion for the first time since August. The bitcoin price rallied in the overnight session, eventually topping out at $10,487.46 on Gemini – the highest since September. The original cryptocurrency was last seen hovering just below $10,400, having gained nearly 5% over the 24-hour trading cycle. At current values, bitcoin has a total market capitalization of $188.9 billion, accounting for 62.4% of the crypto asset class. Bitcoin’s return to $10,000 seemed imminent last week after the largest cryptocurrency achieved an important technical milestone. On Jan. 31, the 50-day exponential moving average (EMA) crossed the 200-day EMA, setting the stage for a continuation of the bullish trend. Since the so-called “golden cross” was attained, bitcoin has rallied more than $2,000. Beyond the number one cryptocurrency, altcoins and tokens saw significant upside on Wednesday. Ethereum (ETH) spiked 13.5% to $254.35, its highest since July. XRP rose 8.7% to $0.2969. Bitcoin cash (BCH), EOS, Litecoin (LTC) and Cardano (ADA) rose between 4% and 11%. No other cryptocurrency exemplified ‘alt season’ like Tezos (XTZ). The tokenization platform spiked more than 20% on Wednesday en route to a new all-time high. Combined, crypto assets reached a total market capitalization of $302.7 billion, their highest since August. The asset class has grown by $110 billion this year alone, having completely reversed the cyclical bear market that began in the third quarter of 2019. Some analysts have attributed the parabolic rally to ‘alt season,’ as more investors cycle back into beaten-down alternative cryptos. Bitcoin’s emerging status as a safe haven could also be a driving factor given its strong correlation with gold in recent months. Disclaimer: The above should not be considered trading advice from CCN.com. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

All data is taken from the source: https://www.ccn.com/
Article Link: https://www.ccn.com/crypto-markets-reach-6-month-milestone-following-monster-rally/

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Crypto Markets Reach 6-Month Milestone Following Monster Rally: https://www.youtube.com/watch?v=WOD0OOtRtrQ

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Discover the latest technical analysis for Ethereum. Currently ETH is consolidating above major support lines representing future high probabilities of bullish breakout. Let’s find out more in the technical analysis video.

ETHEREUM BEARISH ? Price Analysis April Today News
https://youtu.be/Vihtg3NT5Vs

ETHEREUM $200 or $100 ? – Technical Analysis Today News Price
https://youtu.be/907BA072ARs

ETHEREUM FINALLY $200 – Technical Analysis Today News Price
https://youtu.be/1DCFrV69ngw

Ethereum Crazy Move ? – Technical Analysis Today News Price
https://youtu.be/3UdP5rB41AE

Bitcoin going MASSIVE ? – Crypto Trading Analysis & BTC Cryptocurrency Price News 2019
https://youtu.be/PwUWzF3oXcU

Ethereum Goes Wild – Price Prediction
https://youtu.be/Flgw6ZM0uNg

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Ethereum’s recent uptrend has allowed it to take a firm position within the $170 region, which marks a massive climb from ETH’s 2020 lows that currently sit at roughly $127. This massive climb has come about against a backdrop of immense bullishness throughout the aggregated crypto markets. One prominent analyst who predicted ETH’s ongoing climb while it was trading within the $130 region is now setting his sights on another massive rally that ultimately leads it to move towards $335. He believes that this rally could be fueled by a combination of further Bitcoin bullishness and residual strength from a recently broken descending triangle. Ethereum is currently outperforming Bitcoin and is leading the altcoin markets higher, which comes after it was able to post a surge from its daily lows of $167. Since the start of 2020, Ethereum – like most other major altcoins – has put significant distance between its current prices and its recent lows within the $120 region. It is also important to note that this recent rally has significantly bolstered the cryptocurrency’s technical strength, as it marked a decisive breakout from a bullish descending wedge pattern that it was trading within since the summer months of 2019. Satoshi Flipper – a popular cryptocurrency analyst on Twitter – explained in a recent tweet that he believes Ethereum could now be positioned for an extension of its upwards momentum that leads it to surge another 90%, which would lead its USD price to $335. It is important to note that Satoshi Flipper does not believe that this rally will happen independent of Bitcoin and the aggregated crypto market, as he further goes on to note that Bitcoin’s potential bullishness throughout 2020 will fan the flames underlying ETH’s next parabolic rally. If Bitcoin breaches the resistance at $9,000 that bulls are currently contesting, it could open the gates for major altcoins like Ethereum to see parabolic upwards movements.

All data is taken from the source: https://www.newsbtc.com/
Article Link: https://www.newsbtc.com/2020/01/18/ethereum-to-post-colossal-100-rally-as-market-wide-bullishness-grows/

#rally #coinstar #btctousdcalculator #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

Ethereum to Post Colossal 100% Rally as Market-Wide Bullishness Grows: https://www.youtube.com/watch?v=S-iloEd5siI

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