Eerily accurate trader who called Bitcoin’s $7,000 drop says 30% rally is nextBTC ⬆️ $8897 (+2.35%) / ETH ⬆️ $169 (+4.1%) / XRP ⬆️ $0.23 (+2.99%)
📈 Trade with $0 Commissions on the ShortHop Crypto Marketplace. Learn more Eerily accurate trader who called Bitcoin’s $7,000 drop says 30% rally is nextAfter a jaw-dropping 30 percent rally in two weeks, Bitcoin has finally begun to take some time to cool off. Bitcoin could fail to break the $9,000 resistance levelBitcoin is trying to break above the $9,000 resistance level, but several technical patterns estimate that it is bound for a retracement. This technical formation could mean Ethereum is in for massive short-term upsideIt has grown increasingly unclear in recent times as to whether or not the aftermath of the recent uptrend seen by Bitcoin and major altcoins like Ethereum (ETH) marks any type of fundamental shift in market structure, or if it is simply another lower-high that will be followed by further losses. These poll results may spell serious trouble for Bitcoin in 20202020 has been a great year for Bitcoin (BTC) so far, with the cryptocurrency incurring massive momentum that has allowed it to rally from lows of $6,800 to highs of $8,900 before hitting any meaningful resistance. The upcoming halving could push Bitcoin to new all-time highsBitcoin is only 117 days away from a block rewards reduction event that affects the number of tokens that can be generated every 10 minutes. Hodlonaut’s case with Craig Wright gets dismissed, new battle to take place in NorwayHodlonaut has claimed a small, but significant victory against Craig Wright, as his libel case against the anonymous Twitter analyst has been dismissed by the High Court of Justice in the U.K. NBA team introduces Ethereum-based auction platform for $5.4 billion sports memorabilia industryThe Sacramento Kings, an NBA basketball team, has partnered with ConsenSys, the leading Ethereum (ETH) development studio, to introduce a new auction platform that handles live bidding on in-game sports gear using a supply chain product called Treum. It’s decision time for Bitcoin as it hovers near a critical trendline; levels to watchIt’s no secret that 2020 has been a great year for Bitcoin and the entire crypto markets, as the first two weeks of the New Year have allowed BTC to surge from lows of $6,800 to highs of $8,900, while many major altcoins have begun starting parabolic rallies. Crypto market incurs technical strength as altcoins begin turning parabolicThe crypto market’s firm uptrend has allowed multiple major altcoins to begin going parabolic, which to many investors is emblematic of the early stages of the massive bull run seen in late 2017. There is a bearish case for Bitcoin despite the recent rallyDifferent technical analysts in the crypto community maintain that the recent rally could have triggered a new Bitcoin bull market. Featured event🇹🇷 IstanBlock 2020 - April 9-10, 2020 - Culminating at the end of a week’s worth of incredible side attractions, exhibitors and speakers from the world of blockchain and crypto, IstanBlock 2020 will allow you to rub shoulders with blockchain experts, government leaders, business tycoons and of course top tier media outlets that specialize in sharing news and information from this ever-evolving space. Learn more Featured companies🇺🇸 ShortHop - ShortHop by Velocity Markets Inc. is a U.S. based marketplace that lets you buy, sell and trade crypto online. Currently offering $0 commissions, ShortHop connects to multiple exchanges and gets you the best price available. Learn more 💸 ZenLedger - ZenLedger is a tax software that enables you to import cryptocurrency transactions, calculate gains and income, and auto-fill tax forms like 8949, Schedule D, FinCen114 & FBAR. Learn more ⛱ LocalCryptos - LocalCryptos is a peer‐to‐peer custody‐less encrypted marketplace for buying and selling ether over‐the‐counter. Learn more 📈 AMFEIX - AMFEIX groups investors' funds into a pool that is managed by experienced traders on liquid exchanges. Our team of professional technical traders and analysts execute open market operations on a daily basis and make profits from the volatility. Learn more 🧠 Bitsmax - an innovative service, based on neural network, that allows you to make passive and stable profit, even if you absolutely do not understand cryptocurrencies. Just make a deposit and start your way as crypto investor with Bitsmax! Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article. If you liked this post from CryptoSlate, why not share it? |