Dow Futures Eye Feeble Open, But is Bitcoin on the Verge of a Historic Recovery?

The US stock market appears doomed to make a weak entry into the week’s first trading session following Monday’s Presidents’ Day holiday, as the Dow and its sister indices are all forecasting opening bell declines. The bitcoin price, on the other hand, burst out of a prolonged period of stagnancy and has many investors questioning whether the cryptocurrency is on the front end of a new bull market. Dow Futures Point South As of 8:55 am ET, Dow Jones Industrial Average futures had lost 58 points or 0.22 percent, implying…

Litecoin Massively Outperformed Bitcoin Since November Sell-Off By 4x

Investors who purchased Litecoin during the significant November 2018 sell-off earned four times more returns than the investors who bought Bitcoin, highlighted Joe McCann. The financial expert, who serves as the head of systematic trading at crypto asset management firm, Passport Capital, calculated the returns made by the “silver cryptocurrency” from its three-month low to its three-month session high. He found that between November 14, 2018, and February 18, 2019, bitcoin price recovered up to 25.19 percent from its session low. On the other hand, Litecoin corrected as high as…

What is Driving The Rally and How Long Will it Last?

In the past 3 weeks, the valuation of the crypto market has increased by more than $22 billion from $111 billion to $123 billion. Source: Coinmarketcap.com There is no shortage of technical charts, indicators, analysts and observers trying to predict where crypto markets and Bitcoin will go next. They are far more volatile than traditional stock or forex markets so many of these indicators may not be applicable in the same way. A lot is just guesswork so a combination of fundamentals and technicals may give us a better idea…

is Crypto Ready For Trend Reversal After Massive Gains?

In the last 24 hours, the valuation of the crypto market increased by $8 billion as the Bitcoin price neared the crucial $4,000 resistance level. Bitcoin price is nearing $4,000 in a bull-run rarely seen in recent months. Source: TradingView Major crypto assets in the likes of EOS, Ethereum, and Bitcoin Cash recorded gains in the range of 10 to 30 percent. Most cryptocurrencies have started to see record high volumes across leading cryptocurrency exchanges, demonstrating an increase in demand for digital assets. What is Causing the Rally and Can…

Bitcoin Price Watch: Chances of Much Larger BTC Bullish Breakout

Bitcoin price surged and broke the $3,720 and $3,880 resistance levels against the US Dollar. The price traded close to the $4,000 resistance level and a new weekly high was formed at $3,955. There is a connecting bullish trend line formed with support at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair corrected lower, but dips remain well supported above $3,800 and $3,720. Bitcoin price rallied above the key $3,800 resistance against the US Dollar. BTC could move into a medium term uptrend…

Crypto Market Adds $10B: Litecoin (LTC), Bitcoin Cash, Tron (TRX), XLM Price Analysis

The total crypto market cap added more than $10.0B recently and broke the $130.0B resistance. Litecoin (LTC) price gained momentum and broke the $45 and $47 resistance levels. Bitcoin cash price rallied close to 15% and tested the $150 resistance area. Tron (TRX) price managed to climb back above the $0.0250 resistance zone. Stellar (XLM) price is slowly correcting higher towards the $0.0880 and $0.0920 levels. The crypto market extended gains, with bullish moves in bitcoin (BTC) and Ethereum (ETH). Besides, litecoin, ripple, bitcoin cash, tron (TRX), stellar (XLM) and…

Ripple Price Analysis: XRP Signaling Bullish Continuation

Ripple price followed Ethereum and bitcoin to move into a bullish zone above $0.3100 against the US dollar. Buyers gained traction above the $0.3100 and $0.3150 resistance levels before sellers appeared near $0.3290. There is a key bullish trend line formed with support near $0.3140 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is currently correcting lower, but it remains supported above $0.3160 and $0.3140. Ripple price jumped above key resistance levels against the US Dollar and bitcoin. XRP/USD is now trading with a…

Ethereum Price Analysis: ETH Rally Takes Break, Uptrend Intact Above $140

ETH price extended the recent rally and traded above the $144 and $148 resistances against the US Dollar. The price traded close to the $150 level and later started consolidating gains above $145. There is a major bullish trend line in place with support at $142 on the hourly chart of ETH/USD (data feed via Kraken). There could be a short term downside correction, but buyers remain in action above $140. Ethereum price posted solid gains against the US Dollar and bitcoin. ETH/USD tested the $150 resistance area and it…

Another Bitcoin Break Near $4000 or Are The Bulls Rushing the Gate?

Bitcoin is over $3900 globally, though many exchanges still have it trading closer to $3850. Ethereum’s broken beyond $140, might take $150 before the day is through. Bitcoin Cash is right behind it. It’s green everywhere you look. Even Bitcoin SV is on the rebound, resting at $68 after $155 million in trades. Of the top 100 cryptocurrencies, only 4 were showing a negative 24-hour change. One was Paxos Standard. We should expect a high amount of conversions to be going on with stablecoins today, a lot of turbulence in…

Bitcoin Price Breaks Medium-Term Resistance after Surging 8% in a Day

The Bitcoin market came back on its bullish track during the February 18’s trading session. The Bitcoin-to-Dollar rate (BTC/USD) on Monday established an intraday high towards 3917, up 8.08% since the open. The pair rallied through the Asian session and continued its upside momentum after the European market opened. Around 1600 UTC, BTC/USD also broke through a strong resistance trendline of the medium-term triangle pattern discussed in our Bart Simpson analysis. Have a look: BITCOIN PRICE 4H CHART | SOURCE: COINBASE, TRADINGVIEW.COM Last week, we had left the Bitcoin market…