Crypto Markets Red as Bitcoin Price Slips Below $10.3K

Friday, Sept. 13 — crypto markets have continued to report mixed signals, with Bitcoin failing to hold $10,300 support on the day. The majority of the top 20 coins by market cap are seeing red this Friday the 13th, with Tezos’ (XTZ) losses reaching nearly 2.3% at press time. However, Dash (DASH) is seeing a far larger growth on the day, up nearly 7% over the past 24 hours at press time, according to Coin360. Market visualization | Source: Coin360 After surging to as high as $10,423 earlier today, Bitcoin…

Analyst Spots Trend Suggesting Incoming Monster Bitcoin Rally – CCN Markets

An analyst found that major downturns tend to be healthy for the overall bitcoin price trend. Another analyst explains that 2019 may be a good year for BTC. | Source: Shutterstock Many armchair traders are so focused on the short-term price movement of bitcoin that they forget to look at the big picture. For instance, the widely-followed analyst cryptoamd is expecting the dominant cryptocurrency to dump below $10,000 and then be tapping resistance of $10,500. That’s the trader’s short-term view on the digital asset. Short term outlook on $btc pic.twitter.com/luHSJBqMgw…

Leading Technical Analysis Expert Predicts a Bitcoin Shakeout Before Rally – CCN Markets

The Fear and Greed Index suggests that crypto investors are feaful. In addition, a top analyst believes bitcoin has more downside risk before skyrocketing. | Source: Shutterstock Over the last few weeks, bitcoin has been struggling to stay above $10,000. The bullish steam that pushed the dominant crypto to $13,880 is fading away. Armchair traders are quick to notice the coin’s growing weakness. A pseudonymous trader named Escobar has closed short-term long positions. While doing so, the analyst is also maintaining shorts above $12,000. #Bitcoin 1D TF- Closing short term…

Strongest-Ever Bitcoin Price Streak Hits Record 81 Days Above $9,000 – CCN Markets

In a sign of its growing maturity, bitcoin is nearing a 3-month period with a bottom at $9000. | Source: Shutterstock The bitcoin price has held above $9,000 for a record 81 days, a feat it couldn’t manage even during the monster bull run of 2017. Although BTC remains around 50% below its all-time high, the price is arguably stronger and more resilient than ever as it consolidates around $10,000. The bitcoin price has held above $9,000 for 81 days, longer than the epic bitcoin ‘bubble’ of 2017. Source: CoinMarketCap…

Anti-Altcoin Analyst – CCN Markets

Though other cryptocurrencies will likely go through periodic pumps, bitcoin is the only crypto with real and lasting value, according to Peter Brandt. | Source: Shutterstock Are you holding cryptocurrencies other than bitcoin? If so, you might want to overhaul your portfolio. That’s because an expert in classical charting principles warns that buying altcoins is not a wise investment decision. Not now, not ever. Altcoins Are ‘Lead’ to Bitcoin’s ‘Gold’ Earlier this week, Peter Brandt took to Twitter to remind altcoin maximalists that bitcoin is the king of cryptocurrencies. “When…

Bitcoin Futures Continues Making Bitcoin Price Ridiculously Predictable – CCN Markets

The correlation with bitcoin price is becoming obvious. | Source: Shuttertock Bitcoin (BTC) started this week off in good spirits, citing an impressive rise of around 8%. Interestingly, analysts are attributing some of this action to the close of the Chicago Mercantile Exchange (CME). Bitcoin’s 8% rise this week which left a gap in the CME futures chart | Source: TradingView On Labor Day, September 2, the CME closed up shop. Far from the typical bloody Monday the cryptocurrency markets typically exhibit, many crypto assets shot up seemingly following BTC’s…

3 Charts Reveal Perfect Storm for Thunderous Bitcoin Rally – CCN Markets

Bitcoin has had a volatile year and the clouds are gathering for stormy end to 2019. | Source: Shutterstock Too many people focus on bitcoin’s wild highs and fluctuating daily price. A better metric to look at is the monthly low points. By tracking the lows, you see the steady accumulation of bitcoin. This is the foundation of the market and it’s getting stronger. The chart below tracks the bitcoin price, overlayed with a red line marking the monthly low point. It’s a steady, upward curve of monster accumulation.  …

Bitcoin Price Breaks $10,000, Supercharged by China’s Soaring Forex Appetite – CCN Markets

Bitcoin price is trading back above $10,000 again. | Source: Shutterstock Bitcoin gained momentum to continue a recent winning streak as the Chinese Yuan dropped to its weakest level in more than a decade. The benchmark cryptoasset accelerated its early morning advance with a 1.14 percent gain, adding up to 12.44 percent since August 30 low of $9,337. The upside move also brought bitcoin’s market capitalization to about $180.90 billion, which covered more than 70 percent of the total cryptocurrency market valuation. Bitcoin on a 5-day winning streak as Yuan…

Global Stock Markets’ Aghast August Dumped 17x Bitcoin’s Market Cap – CCN Markets

A brutal August makes a notable setback for markets home and abroad. | Source: Shutterstock By CCN Markets: August was a brutal month for investors across the world. Global stock markets shed $3 trillion as a dirty cocktail of recession warnings and trade war escalation rocked the markets. To put that into perspective, $3 trillion is 17 times larger than the entire market capitalization of bitcoin, all wiped out in a month. It’s a reminder that bitcoin’s market cap is still a drop in the ocean. A tiny, nascent asset…

Bitcoin Price Shoots for $10K as Markets Hold Breath for Breakout

Bitcoin (BTC) price was fighting resistance close to $10,000 on Sept. 2 as fresh energy appeared to flow into markets.  Market visualization. Source: Coin360 Bitcoin price attempts to crack $10K barrier Data from Coin360 showed BTC/USD 2.25% up on Monday, climbing through $9,800 to challenge a ceiling it failed to break the day before.  At press time, the pair traded at just below the $9,800 mark, having hit $9,840 before rejecting further gains in the short term.  Bitcoin 7-day price chart. Source: Coin360 The moves nonetheless countered the downward pressure…