This Overhead Liquidity Region Could Propel Bitcoin Past $12,000

Bitcoin’s unrelenting consolidation phase may not last for too much longer. Analysts are now explaining that the cryptocurrency is beginning to flash some subtle signs of bullishness as it trades around $9,300, with these factors potentially helping to boost it higher in the days and weeks ahead. While looking towards BTC’s weekly market structure, analysts are observing some tempered signs of strength. The same can be said on lower time frames as well, as the crypto is currently in the process of breaking above a heavy resistance region that has…

VeChain Surges to 2018 Levels, But These Metrics Hint the Run-Up Isn’t Over Yet

VeChain has been on a tear over the last couple of weeks. Since the beginning of the month, VET entered a bull run that has seen its price appreciate more than 149%. The blockchain-based supply chain management token went from trading at a low of $0.0088 to hit a new yearly high of $0.022. This price level has not been seen since 2018. VeChain Is Up 120% Since the Beginning of the Month. (Source: TradingView.com) Despite the substantial gains already incurred, the VeChain Foundation continues to expand the utility of…

Bitcoin’s Dead Act Sets Rival Cardano Towards Its 15-Month High

As Bitcoin sails on calm waters, its rival Cardano is up more than 36 percent already in the third quarter. Traders looking to diversify from the top yet flat cryptocurrency could pump Cardano further into July. The upside sentiment takes cues from the altcoin’s upgrade to proof-of-stake at the end of this month. When bitcoin traders get bored, they pump altcoins. So it appears in the last week’s price action across the alternative cryptocurrency universe. As Bitcoin trends inside a 0-1 percent trading range, its top blockchain rivals, including Ethereum,…

5 Bitcoin Metrics Are Making Highs Says Fund Manager: Could Price Follow?

Bitcoin has found itself in no man’s land. Take the chart below, which shows that over the past few months, the cryptocurrency has centered around the low-$9,000s, Chart of BTC’s price action over the past four months. Chart from TradingView.com The stagnation in the cryptocurrency market has been further accentuated by volatility indicators. Bitcoin’s historical volatility index has fallen under 40 for the first time since the February and March crash. Simultaneously, the width of the one-day Bollinger Bands has become the smallest since just days before Bitcoin plunged 50%…

Tezos (XTZ) Just Crossed $3: A Strengthening Case for New ATH

Tezos’s price rallied more than 10% and it crossed the $3.000 resistance against the US Dollar. It seems like XTZ is following Chainlink’s (XTZ) rally and aiming more upsides in the coming days. XTZ started a strong increase above the $2.500 and $2.750 resistance levels against the US dollar. The price traded to a new monthly high at $3.050 and it is currently correcting lower. There is a crucial bullish trend line forming with support at $2.650 on the 4-hours chart of the XTZ/USD pair (data source from Kraken). The…

Chainlink (LINK) Rally Could Extend To $10: Pullbacks Remain Supported

Chainlink (LINK) rallied more than 40% and traded to a new all-time high at $8.530 against the US Dollar. It is currently correcting lower, but dips are likely to find support near $7.200. Chainlink token price extended its rally above the $7.500 and $8.000 resistance levels against the US dollar. The price traded to a new all-time high at $8.530 and it is currently correcting lower. There is a major bullish trend line forming with support at $7.000 on the 4-hours chart of the LINK/USD pair (data source from Kraken).…

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) 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…