Tuesday, September 29Your Daily Bitcoin & Altcoin News Portal

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Bitcoin Expects to Hit Yearly Highs on UBS’s Bullish Gold Call; Here’s Why

Bitcoin Expects to Hit Yearly Highs on UBS’s Bullish Gold Call; Here’s Why

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Please share if you find this article interesting. Bitcoin Expects to Hit Yearly Highs on UBS’s Bullish Gold Call; Here’s Why Bitcoin is looking to resume its uptrend towards $12,500 based on its proximity with traditional rival gold. The analogy pops out of an erratic positive correlation between the two assets that have caused them to trade in tandem since March 2020. Both gold and Bitcoin receive their cues from the same set of fundamentals: the global central bank policies in response to the coronavirus pandemic. The correlation between Bitcoin and Gold since March 2020. Source: TradingView.comThe correlation between Bitcoin and Gold since March 2020. Source: TradingView.com That includes ultralow interest rates, an expanding fiscal deficit, an infinite bond-buying program
Ripple (XRP) At Risk of Sharp Decline, As Double Top Pattern Emerges

Ripple (XRP) At Risk of Sharp Decline, As Double Top Pattern Emerges

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Please share if you find this article interesting. Ripple (XRP) At Risk of Sharp Decline, As Double Top Pattern Emerges Ripple spiked higher and retested the key $0.2550 resistance area against the US Dollar. XRP price failed to break $0.2550 and it is now showing bearish signs below $0.2450. Ripple failed to clear the $0.2550 resistance level and likely formed a double top against the US dollar. The price is now trading well below the $0.2450 support and the 100 simple moving average (4-hours). There is a key connecting bearish trend line forming with resistance near $0.2465 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair is likely to decline sharply if there is a close below $0.2400 and $0.2380. Ripple Price is Likely Forming a Double Top Pattern Th...
Ethereum Close Below $350 Could Spark Larger Degree Correction To $330

Ethereum Close Below $350 Could Spark Larger Degree Correction To $330

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Please share if you find this article interesting. Ethereum Close Below $350 Could Spark Larger Degree Correction To $330 Ethereum tested the $370 resistance before correcting lower against the US Dollar. ETH price could start a larger decrease if it fails to stay above $350 and $348. Ethereum started a fresh decline after trading to a new weekly high near $370. The price is now trading below the $355 support and the 100 hourly simple moving average. There was a break below a major ascending channel with support near $355 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue lower if it breaks the $350 and $348 support levels. Ethereum Price is Showing Bearish Signs Ethereum extended its rise above the $365 resistance, but it failed to clear the $3...
Ethereum Close Below $350 Could Spark Larger Degree Correction To $330

Ethereum Close Below $350 Could Spark Larger Degree Correction To $330

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Please share if you find this article interesting. Ethereum Close Below $350 Could Spark Larger Degree Correction To $330 Ethereum tested the $370 resistance before correcting lower against the US Dollar. ETH price could start a larger decrease if it fails to stay above $350 and $348. Ethereum started a fresh decline after trading to a new weekly high near $370. The price is now trading below the $355 support and the 100 hourly simple moving average. There was a break below a major ascending channel with support near $355 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue lower if it breaks the $350 and $348 support levels. Ethereum Price is Showing Bearish Signs Ethereum extended its rise above the $365 resistance, but it failed to clear the $3...
Bitcoin Correction To $10k On Horizon After Bulls Lose Control At $10.9k

Bitcoin Correction To $10k On Horizon After Bulls Lose Control At $10.9k

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Please share if you find this article interesting. Bitcoin Correction To $10k On Horizon After Bulls Lose Control At $10.9k Bitcoin price failed to clear the $10,900 and $11,000 resistance levels against the US Dollar. BTC is currently declining and it seems like there are chances of an extended decline to $10,000. Bitcoin failed to gain strength and it remained well below the $11,000 resistance. The price is now trading below the $10,800 support and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $10,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of a sharp decline if it breaks the $10,650 and $10,550 support levels. Bitcoin Price is Retreating Lower Yesterday, we saw a decent incr...
Crucial Weekly Bitcoin Momentum Indicator Opens Red For First Time Since April

Crucial Weekly Bitcoin Momentum Indicator Opens Red For First Time Since April

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Please share if you find this article interesting. Crucial Weekly Bitcoin Momentum Indicator Opens Red For First Time Since April Across crypto Twitter, analysts claim that Bitcoin price just had an extremely bullish close, but a crucial momentum measuring indicator says otherwise. In fact, the tool just flipped bearish for the first time on weekly timeframes since April 2020, right after the Black Thursday rebound and pre-halving rally. Bitcoin Weekly MACD Opens Bearish For First Time Since Black Thursday The leading cryptocurrency by market cap closed above $10,750 last night, ending an otherwise bearish week on a high note. 14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise! Play Now! Bulls have held on after successfully defending belo
Uniswap’s UNI Token is “In Trouble” as It Breaks Below Crucial Support

Uniswap’s UNI Token is “In Trouble” as It Breaks Below Crucial Support

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Please share if you find this article interesting. Uniswap’s UNI Token is “In Trouble” as It Breaks Below Crucial Support Despite the entire crypto market currently showing signs of strength, Uniswap’s governance token – called UNI – has been struggling throughout the past day, with sellers gaining full control of its near-term trend. The token is currently in the process of invalidating its bullish market structure as its price dives lower. This latest decline has caused it to break below a key level that was previously stopping it from seeing any further downside. 14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise! Play Now! One analyst is now stating that UNI is “in trouble” as it navigates below this key level. He specifically believes

The KuCoin Hacker is About to Sell Stolen Chainlink; Why Analysts Aren’t Concerned

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Please share if you find this article interesting. The KuCoin Hacker is About to Sell Stolen Chainlink; Why Analysts Aren’t Concerned KuCoin, a somewhat popular cryptocurrency exchange headquartered in Singapore, experienced a major security breach last week that led to the loss of over $150 million worth of crypto tokens, including Bitcoin, Chainlink, Ethereum, and a plethora of altcoins. Although this has yet to have any grave impacts on the crypto market, the selling patterns from the hacker – or group of hackers – has placed pressure on multiple smaller altcoins. It now appears that they are looking to offload the Chainlink tokens that they stole from the platform, which could mean that it is about to witness some notable inflows of selling pressure. 14 BTC & 95,000 Free Spi
Chainlink Bull Flag Breakout Could Target $25 By Year’s End

Chainlink Bull Flag Breakout Could Target $25 By Year’s End

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Please share if you find this article interesting. Chainlink Bull Flag Breakout Could Target $25 By Year’s End Chainlink just set a record for the most bullish green daily candle since 2020 started. The 24-hour surge beat out any intraday rallies leading up to the asset’s current all-time high. It also has kept a bull flag formation alive that could send Chainlink to $25 and another new price peak before the year is over. Here’s why technical analysis could indicate that the cryptocurrency will continue along higher. Chainlink Chart Pattern Targets New ATH Before End of 2020 Chainlink, a crypto project focusing on decentralized oracles has taken the market by storm since its debut. The altcoin emerged out of the bear market and has never truly experienced an asset bubble to tarni
Bitcoin Descending Triangle Hints At Third Downtrend Before Bear Market Finish

Bitcoin Descending Triangle Hints At Third Downtrend Before Bear Market Finish

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Please share if you find this article interesting. Bitcoin Descending Triangle Hints At Third Downtrend Before Bear Market Finish Bitcoin price has now set a handful of lower highs on the daily timeframe but has yet to make a lower low, confirming a downtrend. However, each subsequent lower high has now resulted in what appears to be a descending triangle pattern – a traditionally bearish pattern for the cryptocurrency. Will this triangle eventually break down also, prompting the first lower low and confirming a third stretch of downtrend for Bitcoin before its bear market is officially finished? Lower Highs Form Descending Triangle, But Bears Have Yet To Break $10,000 Weeks ago at this point, Bitcoin price broke upward through resistance at $10,000 and has only briefly since tra