Bitcoin Breaking This Confluence Resistance Could Spark a Significant Surge

Bitcoin is holding the $9,120 and $9,200 support levels against the US Dollar. However, BTC is facing a confluence of resistance near $9,400, above which it could start a strong rally. Bitcoin is slowly rising and trading above the $9,200 support zone. The price is trading well below the $9,400 resistance, but above the 100 hourly simple moving average. There are two bearish trend lines forming with resistance near $9,320 and $9,380 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must settle above both…

Bitcoin Just Confirmed a Signal That Preceded Historical 5,000% Rallies

There’s been talk about Bitcoin’s “Hash Ribbons” over recent days. The Hash Ribbons is an indicator that derives signals from crosses in the short-term and long-term moving averages of the hash rate of the Bitcoin network. Crypto investors have begun to discuss it because they said it was on the verge of printing a bullish signal of macro importance. According to the creator of the indicator, the signal in question was just confirmed three hours ago (as of this article’s publishing). Bitcoin Just Confirmed a Bullish Signal of Macro Importance…

Chainlink (LINK) Surges 39.5% to a New All-Time High — Here’s Why

Today the price of Chainlink (LINK) soared by more than 34% to reach a new all-time high at $8.48 and also notch a market capitalization of $2.5 billion. Three key factors that likely pushed the price of LINK to a new record high were: high-profile partnerships, price discovery, and the strong momentum that currently drives the altcoin market. Crypto market weekly price chart. Source: Coin360 Price discovery drives LINK price higher On July 6, the price of LINK surpassed its previous record high at $5.31 and officially entered a price…

G20 Lays Regulatory Groundwork for Accepting Digital Payments

Digital currency payments may become a reality for G20 members before the next summit in Saudi Arabia. As reported by Kyodo News on July 11, officials revealed that the G20 summit compromising representatives from 19 countries and the European Union will be laying the groundwork to accept digital payments. The changes are expected to begin in October, presumably at the G20 Finance Ministerial and Deputies Meetings in Washington DC and before the next summit in Riyadh in November. According to the Japanese news outlet, G20 officials enacted the policy change…

Chainlink (LINK) Just Crossed Above $8: What Analysts Say Comes Next

Shocking many traders, Chainlink (LINK) continued to rocket higher after our last update on the cryptocurrency. Published about two hours ago, the altcoin had passed above $7.00 for the first time ever. Now, LINK is trading at $8.21 — touching $8.50 just minutes ago as the asset has truly gone parabolic. Chart of LINK’s price action over the past two days from TradingView.com This means that over the past 24 hours, the asset is up by more than 35%. And over the past two days alone, it is up by…

Institutional Traders Remain Bearish on Bitcoin; Factors to Consider

Bitcoin’s lackluster trading over the past ten weeks is showing no signs of concluding anytime soon. Although the cryptocurrency has been able to see some volatility within its long-held trading range, it has not been able to develop any clear directionality throughout the past couple of months. The price action seen between $9,000 and $10,000 as of late does seem to favor sellers, however, as BTC has been consistently setting lower highs. This trend can even be seen this morning when the benchmark crypto rallied up to highs of $9,400 before…

A Critical 30% Bitcoin Breakout Is Weeks Away: Volatility Analysis

As repeated time and time again by analysts, Bitcoin is currently in no man’s land. The cryptocurrency remains above the $8,500 support while below the resistance region at $10,000-10,500. Price has responded in kind, flatlining in the low-$9,000s as neither bulls and bears have managed to establish a trend. Yet a volatility analysis predicts that a massive move in the Bitcoin market is brewing. Related Reading: Once-a-Cycle Bitcoin Bull Signal Just Appeared for the 1st Time Since 2016 Bitcoin Volatility Analysis Suggests An Imminent 30% Move Blockroots co-founder Josh Rager noted…

Cardano Warns of Youtube Scams Promoting Fake ADA Giveaways

Cardano is warning the public against scams promoting a fake Cardano (ADA) giveaway.  In a tweet, Cardano founder Charles Hoskinson said a Youtube account has been using a keynote address he made to promote a fake giveaway.  “It has come to my attention that a scam has been floating around using my conference keynote to promote a giveaway https://youtu.be/MqeEhezvI1s this is a scam. Please report it to YouTube. We will take legal action if we can against those responsible.” The price of ADA went up by more than 85% in…

Ethereum May See Its Most Important Breakout Since 2018: All Eyes on $240

Out of the top-five cryptocurrencies, Ethereum has been the most bullish one over recent weeks. The cryptocurrency has pushed closer and closer to local highs as Bitcoin and XRP have stalled. Analysts say that with this recent price action, ETH is likely preparing to see a massive breakout. One trader, in fact, said that Ethereum may soon see its “most significant breakout” since the bear market ended at the start of 2018. Related Reading: Crypto Tidbits: TikTok’s Dogecoin Craze, Coinbase on Stock Markets, Bitcoin Holds $9k Ethereum Could Soon See…

Dogecoin Surges, Coinbase Rumors, Brave Legal Threats: Hodler’s Digest, July 6–12

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin’s price has hardly moved an inch in the last six weeks — barely moving 2% in either direction from its average. This long period of stagnation resembles what happened in early 2017. BTC stayed around $900 for the first three months of the year,…