Bitcoin Price Recovers 20% to Break $11,000; Pullback Done, Huge Rally Next?

Within a week, from June 26 to July 2, the bitcoin price fell from $13,868 to $9,651, recording a 30 percent pullback against the U.S. dollar. Technical analysts have expressed optimism towards the swift recovery of bitcoin from a large pullback as the dominant crypto asset has shown a change in trend within a short time frame. A big pullback for bitcoin is often followed by a rally According to Josh Rager, a cryptocurrency technical analyst, when the bitcoin price experiences a steep correction, it is often followed by a…

Ethereum Classic (ETC) Shaky But Atlantis May Spur A Rally To $25

Ethereum Classic (ETC) down 7.8 percent Atlantis may prime ETC bulls aiming at $25 By syncing with other assets, ETC gains were decent. At a precipice, there must be upswings above $10 to reaffirm the presence of buyers ahead of September 2019 Atlantis upgrade. Ethereum Classic Price Analysis Fundamentals Like Ethereum, Ethereum Classic retained smart contracting capabilities and immutability. Following the Decentralized Autonomous Organization (DAO) hack, Vitalik and team forced a split. Meanwhile, Charles Hoskinson, and purists of blockchain principles, rejected tweaks to recover the lost millions. All the same,…

What Disney’s Frozen Tells Us About This Mammoth Bitcoin Price Rally

 As the Great Bitcoin Price Rally of 2019 grows even more parabolic, investors and analysts alike are left scrambling for answers. What’s triggering the mammoth recovery? Will this rally end like the 2017 bubble did? Most importantly, where’s the bitcoin price headed next? According to eToro Senior Market Analyst Mati Greenspan, the answer might lie in an unlikely place: Disney’s blockbuster animated feature film “Frozen.” Crypto Analyst: Investors Need to Rewatch ‘Frozen’ Writing in daily market commentary made available to CCN, Greenspan warned that the speed of the bitcoin price’s…

Why Analysts Think Bitcoin (BTC) Will Rally to $11,500 But Fall to $8,300

Bitcoin (BTC) has been on an absolute tear as of late. After wallowing under $8,000 a few weeks back, the cryptocurrency has embarked on yet another rally, quickly moving past $9,000, to $10,800, where it stands as of the time of writing this. With this, BTC is up over 20% within a week’s time, marking one of the best weekly performances seen this year. While BTC has shown signs of temporary weakness, as made evident by rejection at the $11,200 mark and a rapid sell-off to $10,300, some suggest that…

Tether and Search Engine Data Reveals China Fueling Bitcoin Rally

By CCN Markets: Over the past three months, the bitcoin price has risen from $3,911 to $8,120 against the U.S. dollar on major crypto exchanges, demonstrating strong momentum supplemented with a clear rise in volume. The bitcoin price is up nearly three-fold in the past three months (source: coinmarketcap.com) In recent weeks, the interest towards bitcoin on Baidu, the most widely utilized search engine in China, spiked significantly to 2018 levels, which could potentially indicate an increase in the demand for the asset by retail investors. Tether volume similarly indicates…

Dollar’s Brutal 100-Year Tailspin Guarantees a Spellbinding Bitcoin Rally

By CCN: The mighty US dollar appears to be one of the world’s safest currencies. This sense of security has blinded many from seeing that the greenback has lost tremendous value over the past 100 years, a fact that should send investors piling into a surging Bitcoin. US Dollar Trapped in Irreversible Century-Long Downtrend In the early 1900s, a dollar could get you a nice pair of patent leather shoes. The currency had so much value back then because there was only $7 billion in circulation. A hundred and twelve…

Bombastic Bitcoin Price Nears $7,000 in Big Parabolic Rally, is $8,000 Next?

By CCN: The bitcoin price has climbed to $6,964 on the day’s peak in major markets like the U.S., recording a staggering 9 percent rise within 24 hours, bringing its one month gain to 23 percent and fueling the crypto market. Traders were initially cautious about the near-term price trend of bitcoin as large resistance served as a potential roadblock for the asset to continue its upward momentum. The bitcoin price has recorded a 9 percent gain in the past 24 hours (source: coinmarketcap.com) The bitcoin price comfortably broke out…

Massive Bitcoin Price Rally Awaits Shorts’ Trigger Beyond Fresh 2019 High

By CCN: In the past month, the bitcoin price has climbed 23 percent against the U.S. dollar in major markets, recording nearly a 70 percent year-to-date (YTD) gain. The bitcoin price is up by more than 23 percent in the past month (source: coinmarketcap.com) The bitcoin price has almost fully recovered to November 2018 levels as it surged past $6,300 with strong volume and momentum. Since March, the real volume of bitcoin calculated using the methodology of Bitwise Asset Management has surged by three-fold from $270 million to over $700…

Bitcoin (BTC) Price Rally Reaches Inflection Point: $6.1K and $6.8K Hold Key

Bitcoin price rallied another 4% and climbed above $5,850 against the US Dollar. The price is surging higher, but there are many hurdles near $6,000, $6,070 and $6,100. There was a break above a crucial bearish trend line at $4,730 on the daily chart of the BTC/USD pair (data feed from Kraken). The pair could spike above $6,000 or even towards $6,800 before correcting lower sharply. Bitcoin price is surging higher towards $6,000 against the US Dollar. BTC could extend gains, but it is facing two important hurdles near $6,100…

Will Litecoin (LTC) Rally to $1,000 After August 2019 Halving?

Litecoin (LTC) up 6.1 percent Charlie Lee thought LTC would rally to $1,000 In a podcast, Charlie Lee now reveals that he thought Litecoin (LTC) would surge above $1000. All the same, by profitably exiting at the height of the Great Bull Run of late 2017, he reaped huge despite all the criticism from the community. At spot rate, Litecoin (LTC) is up 6.1 percent in the last week. Litecoin Price Analysis Fundamentals Year-to-date, Litecoin, and Binance Coin are perhaps the top two performing assets with triple-digit gains. However, it…