These three cryptocurrencies could serve as a hedge against Bitcoin

The cryptocurrency market tends to move in one direction, which is mostly defined by Bitcoin’s price action. However, a recent report shows that several cryptos have proved to be highly uncorrelated. This feature makes them ideal to use as a hedge against the rest of the market. The most uncorrelated assets Investopedia defines the term […]
The post These three cryptocurrencies could serve as a hedge against Bitcoin appeared first on CryptoSlate.

Renowned analysts comment on Bitcoin, Ethereum, and XRP as the uptrend resumes

The cryptocurrency market appears to have started the week on a positive posture as the top cryptos by market cap are already posting significant gains. Now, some of the most prominent technical analysts in the industry have laid out their perspectives about Bitcoin, Ethereum, and XRP. The following technical analysis evaluates what these chartist have […]
The post Renowned analysts comment on Bitcoin, Ethereum, and XRP as the uptrend resumes appeared first on CryptoSlate.

Ethereum could be primed for a move to over $200 despite ongoing selloff

Ethereum (ETH) has been closely tracking Bitcoin’s price action over the past couple of weeks, which allowed it to post massive gains throughout the first part of the month, before setting a local top that has been followed by firmly bearish downside. In spite of this, analysts are noting that Ethereum is fast approaching a […]
The post Ethereum could be primed for a move to over $200 despite ongoing selloff appeared first on CryptoSlate.

Analyst: this dire technical formation may spell doom for Bitcoin’s near-term price action

The 2020 Bitcoin rally was fun while it lasted, but the cryptocurrency recently formed a much-dreaded technical formation that may signal that BTC will see further near-term downside. This technical formation – which is accurately described by analysts as a “death cross” – comes about after an asset’s 50-day moving average crosses beneath its 200-day […]
The post Analyst: this dire technical formation may spell doom for Bitcoin’s near-term price action appeared first on CryptoSlate.

Bulls beware: fractal suggests Bitcoin will soon plummet to yearly lows

Bitcoin (BTC) appears to be the best performing major asset in the world so far in the new decade, as it has been able to post a massive climb from its recent low of $6,800 that was set in the early part of Jan 2020. BTC has been able to further extend this newfound momentum […]
The post Bulls beware: fractal suggests Bitcoin will soon plummet to yearly lows appeared first on CryptoSlate.

These poll results may spell serious trouble for Bitcoin in 2020

2020 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. This rally has drastically altered the overall sentiment amongst cryptocurrency investors and has led many investors to anticipate that […]
The post These poll results may spell serious trouble for Bitcoin in 2020 appeared first on CryptoSlate.

Here’s why the upcoming halving could push Bitcoin to new all-time highs

Bitcoin is only 117 days away from a block rewards reduction event that affects the number of tokens that can be generated every 10 minutes. Based on historical data, this event tends to serve as a catalyst that propels the flagship cryptocurrency into new all-time highs. The Halving Event Bitcoin goes through a fixed process […]
The post Here’s why the upcoming halving could push Bitcoin to new all-time highs appeared first on CryptoSlate.

It’s decision time for Bitcoin as it hovers near a critical trendline; levels to watch

It’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. This bullishness has slowed today, as Bitcoin […]
The post It’s decision time for Bitcoin as it hovers near a critical trendline; levels to watch appeared first on CryptoSlate.

This key resistance level could spark a massive Bitcoin selloff

Bitcoin’s bulls have now propelled the cryptocurrency to the upper boundary of a strong multi-month channel, and they appear to be showing some signs of faltering as BTC struggles to break past this level. It is important to note that the recent uptrend has significantly enhanced the cryptocurrency’s bullishness and has led some analysts to […]
The post This key resistance level could spark a massive Bitcoin selloff appeared first on CryptoSlate.

These altcoins could soon pullback before continuing bullish trend

Over $28 billion flooded the cryptocurrency market in the last 24 hours. Despite the massive inflow of capital that pushed the entire market up, a technical indicator estimates that Ethereum, Litecoin, and EOS could soon retrace before continuing their bullish trends. The infamous sell signal The TD sequential indicator is currently presenting a sell signal […]
The post These altcoins could soon pullback before continuing bullish trend appeared first on CryptoSlate.