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KING

BITCOIN; Is It Ready To Breakout Of The Range Yet ?Yes, we all know how BTC gained 15% in only a few hours by the amazon news/rumor (still unclear) reclaiming the 50-Day EMA but and this one is a big BUT , it has yet to face the weekly resistance of $40k - $42k zone which has been rejecting it since past two months and is acting as STRONG RESISTANCE zone. Now if we look at RSI on Daily time-frame, we can get the idea of how it is at a critical level from where if it breaks to the upside we may witness the breakout of this range-bound or consolidation zone of past 68 days which will definitely continue the bull-run to 100k that everyone has been wishing since the start of this bull-run, by the end of this year. However, failure to breakout from this zone (40k-42k) will more likely lead to price get back in the range-bound (sideways zone). So, we have to lookout for this zone to break which then can be considered "THE BULLISH MOVE" for bitcoin and will offer next leg to the upside, hence continuing the BULL-RUN. CryptoCuriousOfficial 📥
by Wolf_Of_Alt_Street
The truth that the BTC maximalists do not want to hear1. Ethereum becomes really really soon deflationary 2. Ethereum moves from PoW to PoS 3. The idea of introducing smart contracts on l2 (btc) weakens the principle of Decentralization. Keep it real on l1, this is probably what satoshi would have said too 4. Institutions are increasingly interested in ETH because, in addition to a storage of value, it offers other advantages & use cases 5. ethereum is scalable 6. Because bitcoin is so speculative, the whole market is suffering. Shoot this fkn gem of big banks & big companies to the fucking moon. TIME TO DETRHONE THE OLD KING! This is just my personal opinion, of course, can also be different but I hope that it will happen that way!
Long
by Lobotto
6
it's inevitable? ETH, the coming years!An idea, how ETH might increase in value in the coming years. Unlike many other projects, I believe that ETH can be truly experience much more value increase than Bitcoin and all the other cryptocurrencies including those who think they can solve the problem of scaling without compromising the decentralization or stability of the project. Ethereum has been working on it for years, probably the longest, to successfully solve the problem, and they are close and they always remained part of the crypto market, while we see new faces coming and going, promising us better scaling than ETH! The chart does not represent an investment recommendation for ETH. Sell and buy ether on your own responsibility. Always do your own research. Never invest more than you can afford to lose
BITSTAMP:ETHUSDLong
by Lobotto
Long Live #BULLNo need to panic when we face this kind of #Corrections... $58,000 flipping into support is critical for more upside I personally believe that, more #Companies and #Whales are trying to hold BTC but they are unable to find enough amount... So what is the best way to find more? Lowering the price For those that are new, be careful being to deep into alts when $BTC is on the brink of price discovery. Profits from alts tend to flow back into Bitcoin. This doesn't mean the USD price won't go up, just that there's a solid chance it won't go up nearly as much. In the short term, Bitcoin would likely outperform altcoins if it continues to rally, and the momentum would only shift to altcoins once BTC consolidates as it finds a new range after breaking new highs. #Cointelegraph
Long
by Satoshi-SK
Is the BTC price rally at risk? We Faced With 3 Reasons When Bitcoin Fell 6% in 4h : First Of All, When a new weekly candle opens, Bitcoin typically sees large volatility because the trend on Monday could dictate how Bitcoin performs throughout the rest of the week. Rekt Capital : "BTC has pulled back towards the red area and even overextending below it — for now. The day is still young so price could still resolve itself relative to this red boxed area and turn it into support. Technically, $BTC is in the process of a volatile retest." If Bitcoin fails to rebound from the $55,000 area, the trader warned that a steep correction to the $46,700 support level becomes a possibility. Moreover, When the price of Bitcoin began to drop, the futures market funding rate of BTC was hovering above 0.1% across major exchanges. This indicates that the overwhelming majority of the market was longing or buying Bitcoin, making it an overcrowded trade. Michaël van de Poppe : "Bitcoin barely holding on to this critical level here. Needed for upwards continuation, otherwise, price drops back into the range." Last but not Least, Before the drop occurred, on-chain data analytics platform CryptoQuant pointed out large BTC deposits into Gemini. Gemini is a leading Bitcoin exchange in the United States alongside Coinbase and is often regarded as a "whale exchange." Ki Young Ju : "Coinbase Premium Index was always significantly high when $BTC price breaking 20k, 30k, 40k, and 50k. It was significantly negative when the price breaking 60k. This 60k bull-run is not US institution-driven, it all came from stablecoins." In addition to the selling pressure from whales, the recent Bitcoin rally being led by stablecoin inflows into exchanges was another bearish sign. Which Is considered as Large exchange deposits and stablecoin inflows #Cointelegraph
Long
by Satoshi-SK
2