• A $9,800 Bitcoin is Possible After Overnight Upside Rejection: Analyst
    by Yashu Gola on September 21, 2020 at 8:08 am

    Bitcoin bulls should brace for the cryptocurrency to hit the $9,800 valuation, according to an analyst. The pseudonymous entity envisioned the downside scenario after BTC/USD failed to maintain support above $11,200 on Sunday. A high selling pressure around the said level ensued an overnight bearish correction. As a result, the pair fell to as low as $10,750 at one point in time. “SuperTrend is now flipping bearish and looks to be ready to correct as

  • Bitcoin Weekly Outlook: All Eyes on Powell and Mnuchin Testimonies
    by Yashu Gola on September 21, 2020 at 5:14 am

    Bitcoin posted choppy trades last week but managed to close the session modestly higher. The Federal Open Market Committee’s meeting on policy decision was the most significant catalyst behind the cryptocurrency’s conflicted market bias. BTC/USD rose by about 7.5 percent to $11,099 ahead of the Federal Reserve Chairman Jerome Powell’s press conference. Traders anticipated the Fed chair to deliver a long-term dovish outlook. And he did so by saying that the US central bank would

  • Here’s Why Analysts Think Ethereum Could Soon Move to $350
    by Nick Chong on September 21, 2020 at 2:09 am

    Ethereum has rallied slightly over recent highs after a strong correction from its $390 highs. The coin now trades at $370 as of this article’s writing, slightly below the aforementioned highs. Despite tailwinds like Bitcoin moving higher and a strong legacy market, analysts think ETH is on a short-term downtrend. Analysts say that there’s a good likelihood Ethereum moves towards $350 in the near future. ETH moving to $350 would mark an over 5% drop

  • DeFi’s Critical Correction Could Drag Bitcoin Lower, Analyst Says
    by Nick Chong on September 20, 2020 at 11:04 pm

    While Bitcoin has been relatively stagnant over recent days, top coins in the decentralized finance have been undergoing strong corrections. Analysts think that this could result in a strong correction in BTC itself. Bitcoin Could Become Weak as DeFi Coins Form Weak Trends While Bitcoin has been relatively stagnant over recent days, top coins in the decentralized finance have been undergoing strong corrections. Yearn.finance (YFI), widely regarded as the DeFi space’s most prominent project, has

  • Ethereum Bulls Need to Act Soon “to Survive”: Here’s Why
    by Nick Chong on September 20, 2020 at 10:04 pm

    Ethereum has dropped after reaching highs at $390 just the other day. The coin now trades at $370 as of this article’s writing, slightly below the aforementioned highs. The coin remains below crucial support levels that must be reclaimed if ETH is to continue higher. One trader thinks that Ethereum dropping from here could make it difficult for bulls to “survive.” He thinks this is the case because ETH is on the verge of falling