Here’s How Bitcoin’s Uptrend Will Likely Translate into the Next “Altseason”

Here’s How Bitcoin’s Uptrend Will Likely Translate into the Next “Altseason”

Altcoins have been rocketing higher today as Bitcoin consolidates. This is the first time that altcoins have shown any signs of following in Bitcoin’s footsteps, as the benchmark cryptocurrency has been sucking all the oxygen out of the market over the past few days.

” href=”https://www.newsbtc.com/dictionary/altcoin/” data-wpel-link=”internal”>altcoin market rally was likely spurred by Ethereum catching an impulse wave that sent it rocketing higher.

Following a prolonged period of sideways trading, ETH was finally able to gain momentum a couple of days ago when news regarding the imminent release of the 2.0 network upgrade broke.

This news sent its price from $380 to $410, where it stalled and consolidated for a day or so before gaining any momentum. Meanwhile, Bitcoin rocketed to fresh post-2017 highs of $16,000.

Now that Ethereum has gained some ground against BTC following its intense surge to $450 overnight, altcoins are beginning to show signs of forming bottoms.

” href=”https://www.newsbtc.com/dictionary/altcoin/” data-wpel-link=”internal”>altcoin market.

Bitcoin is currently stable at its current price of $15,400. This is where it has been trading throughout the past day, with buyers unable to push it above $16,000 yesterday.

The benchmark crypto is up significantly from its recent lows of $13,300 set just a few days ago.

This uptrend is being driven by fundamental strength, and the rest of the market is beginning to match its strength.

Altcoins – and the DeFi sector in particular – are rebounding and moving to mark their recent lows as a long-term bottom.

One analyst explained in a recent tweet that he is expecting Bitcoin to see one more strong push higher before posting a “blow-off top.”

He contends that this will open the gates for altcoins to see some explosive momentum.

“Ratio’s are going up (into bearish territory), but it’s nothing extreme yet. So, I think the following is likely… A scenario just like in July/August. One cool off day (today), then one final quick rally which creates a blow off top. After that, most likely alt season.”

Image Courtesy of Byzantine General. Source: TradingView.

If altcoins begin forming a long-term bottom, the DeFi sector may be the first to rally due to the intensity of the recent selloff it faced.

Source: bitcoinslate.com

Author: admin


Bitcoin Consolidates Gains While Ethereum, Altcoin Bulls Take Over

Bitcoin Consolidates Gains While Ethereum, Altcoin Bulls Take Over

  • Bitcoin price corrected lower below USD 15,750 and is consolidating gains.
  • Ethereum surged 10% and surpassed USD 445, XRP traded close to USD 0.260.
  • AAVE, UNI, RSR, MANA, and SNX surged over 25%.
  • After a sharp rally towards the USD 16,000 zone, bitcoin price faced sellers. As a result, BTC started a downside correction below USD 15,750 and USD 15,600. The price is currently (13:00 UTC) consolidating gains above the USD 15,350 and USD 15,200 support levels.

    Also, most major altcoins gained bullish momentum during bitcoin’s correction, including ethereum, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, bitcoin cash, and ADA. ETH/USD is up over 10% and it even spiked above the USD 245 resistance. XRP/USD gained bullish momentum after it settled above USD 0.250 and traded close to USD 0.260.

    Total market capitalization

    Bitcoin Consolidates Gains While Ethereum, Altcoin Bulls Take OverSource: www.tradingview.com

    Bitcoin Consolidates Gains While Ethereum, Altcoin Bulls Take Over

    In the past few hours, a few altcoins rallied over 20%, including AAVE, UNI, RSR, SNX, MANA, YFI, BAND, REN, and GNT. Out of these, AAVE gained over 35% and it broke the USD 35.00 resistance.

    Bitcoin Consolidates Gains While Ethereum, Altcoin Bulls Take Over

    Source: coinbazz.com

    Author: Posted by George Harrison

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    BITCOIN IS BREAKING $20,000 WHEN?!🚨 ETHEREUM 2.0 $1200 IN NOVEMBER!! CRYPTO CEO DONATES $5M TO BIDEN

    BITCOIN IS BREAKING $20,000 WHEN?!🚨 ETHEREUM 2.0 $1200 IN NOVEMBER!! CRYPTO CEO DONATES $5M TO BIDEN

    🚨 BREAKING!!!🚨 BITCOIN BREAKS $15000!!! BUT HOW HIGH CAN BITCOIN GO?! WHEN WILL BITCOIN BREAK $20,000?! ETHEREUM 2.0 LAUNCH DATE CONFIRMED AND THIS IS HUGE FOR ETHEREUM PRICE!!! ETHEREUM PRICE COULD GO TO $1000 VERY SOON!! Also today we look at the crypto news! In the Crypto NEws FTX CEO Sam Donates $5 Million dollars to Biden!!!

    In todays video we do bitcoin price analysis, ethereum price analysis, bitcoin news, ethereum news and altcoin analysis and altcoin news!!

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    Source: sgbitcoin.com


    THINGS HAVE CHANGED for US Bitcoin and Cryptocurrency Traders | BitMEX GOING DOWN October 2020

    THINGS HAVE CHANGED for US Bitcoin and Cryptocurrency Traders | BitMEX GOING DOWN October 2020

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    ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT!

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    Source: www.newworldtimes.net

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    xtz 11.6.20

    xtz 11.6.20

    I like how after making that call last week about Tezos offering staking VERY SOON, my previous idea has been hidden. I’ve used the same links in the past and never received any warning for it. Guess someone didnt like my FIRE CALLS i’ve been putting out for 100 percent free.
    Be careful guys. Right now you are being censored on all levels. No longer can you voice your opinion or freely post links. Under the guise of house rules these companies will ban / block / or just straight remove you for any little reason that they can find. Hopeuflly someday we will have a fully decentralized network where we are free to vioce our ideas. It is coming. If anyone does not hear from me please reach out. leroooyyyyyyjenkins on reddit. Crypto Elf on Twitter . Feel free to send me a message as well as who knows how long i have on here before i am fully blocked or removed.

    Look for XTZ to continue to fill out the lower 2 dollar range. When ready we will pop through to the 3 dollar level and fll out the lower range of that as well. Patience. Long term goals havent changed.

    Source: bitcoinscrypto.se

    Author:


    Bull flag breakout will resolve whether or not Bitcoin value goes to $16Ok or $14Ok

    Bull flag breakout will resolve whether or not Bitcoin value goes to $16Ok or $14Ok

    Bitcoin value (BTC) seems to be taking a brief breather after reaching a brand new 2020 excessive at $15,960 on Nov. 5.

    The 1-hour and 4-hour timeframe present the value compressing inside a flag and all through nearly all of the buying and selling day, the $15,500 stage has held as help. $15,750 is the extent Bitcoin wants to interrupt with a purpose to pursue one other stab at $16,000. 

    Inside the final hour, a dragonfly doji candle fashioned as the value swept low to check the decrease help of the bull flag at $15,166, and because the formation approaches its terminus merchants will search for a breakout which can push by way of the $15,500 to $15,600 stage the place a excessive quantity VPVR node lurks.

    Clearly, there’s a small tussle going down between bulls and bears, and flipping the $15,600 stage to help with a 4-hour shut will improve the chance that BTC will make a 3rd run on the $16,000 mark.

    The RSI additionally continues to rise above 70, a bullish sign, however day by day buying quantity has tapered off a bit after some merchants secured earnings as BTC surged to $15,900.

    Alternatively, a drop under the flag help at $15,100 opens the door for a contact of the 20-MA at $14,680. The swift, almost vertical breakout that occurred from Nov 4 – 5 occurred with out establishing any ‘new helps’, and because the quantity profile, seen vary exhibits there’s a hole extending from $13,900 to $15,500.

    Within the occasion that the value falls under $15,100 and patrons don’t understand this as a dip-buying alternative, there’s the potential of a retest of the $14,000 to $13,800 stage as help.

    Whereas a 9%, $1,400 drop is un-nerving, decrease help retests are completely pure and wholesome after sturdy rallies just like the one seen this week.

    As Bitcoin value searches for route, altcoins have regained a smidgen of the huge territory misplaced over the previous two months. Ether (ETH) is essentially the most notable chief of the previous few days because the altcoin rallied to $447 and is at present making an attempt to interrupt by way of resistance at $450.

    Yearn Finance (YFI) additionally made a powerful transfer because it rallied greater than 30% to $11,100. Uniswap’s UNI token additionally made waves at it added 15.5% and at present trades at $2.53.

    In accordance with CoinMarketCap, the general cryptocurrency market cap now stands at $444.6 billion and Bitcoin’s dominance fee is 64.7%.

    Source: bitcoinflashnews.com


    Here’s How Bitcoin’s Uptrend Will Likely Translate into the Next “Altseason”


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