Is Bitcoin About to Move Again as Crypto Markets Awaken?

Weekends are usually pretty quiet for crypto markets. Unlike forex, digital assets can be traded around the clock and at weekends but old habits appear to die hard for traders. As we enter a new week there are big expectations for Bitcoin which could well make a move.
Mixed Outlook from Analysts
There has been virtually no movement on crypto markets for the past three days. Total market capitalization has hovered just above $170 billion which is $15 billion down from its 2019 highs last week. A push back to those highs could see markets reaching $200 billion again before the month is over however if Bitcoin fails to break key resistance levels, the consolidation could continue.
Analysts are generally mixed on short term price direction and some foresee a movement this week as technical indicators align again;

$Btc
Not much difference from previous posts. Would not be surprised to see some action tomorrow, as weekends often are quiet.
Do expect this RSI support to be broken this week pic.twitter.com/DkyczKKBZt
— The Cryptomist (@TheCryptomist) April 14, 2019

Others are not so optimistic and expect another big dump, as ‘The Crypto Dog’ tweeted yesterday;
“I could be completely wrong and get stuck sitting by myself on the sidelines, but it’s my opinion we see another wipe out on $ALTS and $BTC before we start trending onto new highs. Sitting mostly in fiat going into this week, waiting for opportunities to present themselves.”
A ‘broken price floor’ is what one trader described Bitcoin as having reached with heavy resistance at $5,800. There is expectation here for BTC to consolidate between $4,700 and $5,500 for a several weeks or even months before a larger breakout occurs.
Daily RSI is sitting right on 70 which is just on the edge of overbought territory. The ‘golden cross’ could also come into play as the two daily moving averages converge and are still on a path to intersect later this month.
Bitcoin prices had started to wake up again at the time of writing with a move from yesterday’s low of $5,060 up to touch $5,200 again for the first time since Thursday. Volume, which had dropped to single figures, is now back over $10 billion as Asian traders kick start the markets this Monday morning.
On the week BTC has fallen back almost 2 percent but since last week’s big dump back below $5,000 it has recovered around 4.5% to current levels indicating that the bulls are still in control for the time being.
Bitcoin prices 7 days. Coinmarketcap.com
The crypto twitter sphere has been preoccupied with the ‘guess who Satoshi is’ saga that has unfolded in recent days which has served as a temporary distraction for lack of market movement. This week has started with positive momentum but the leading assets at the moment are altcoins, primarily Bitcoin Cash and Litecoin. Each has added 8 to 9 percent on the day and are the top performing high cap coins at the time of writing.
Image from Shutterstock
The post Is Bitcoin About to Move Again as Crypto Markets Awaken? appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market Wrap: Consolidation Continues, When Can We Expect a Breakout?

Crypto markets lethargic on lazy Sunday; Bitcoin Cash. Litecoin and IOTA falling back again, BNB holding.
Market Wrap
There has been little movement on crypto markets over the weekend. Gains have largely held though there have been more sellers than buyers for most of the coins. Total market capitalization has remained above $170 but could well drop back if the bears maintain their presence.
Bitcoin dropped to an intraday low of $5,060 a few hours ago before recovering back to over $5,100 where is has been for most of the weekend. Volume is back at $10 billion which indicates that the bulls could be running out of steam. BTC is down a little on last weekend’s prices but has held gains made over the month and is still on the path to the ‘golden cross’ which is a bullish sign.
Ethereum is slowly weakening also and is now back below $165 again. With no further bullish action markets are consolidating at this level but slowly trending downwards again. Without another big push by Bitcoin, Ethereum and the rest will continue to weaken as volumes decline.
The top ten is all red again today as altcoins start to slide during the Asian trading session. Bitcoin Cash and Litecoin have lost the most at around 3% falling back to $275 and $77 respectively. BCH has held on to fourth spot over EOS but only just. Binance Coin is the only one not to lose out at the moment as it adds a percent or so reaching $18.60.
The top twenty is also awash with red at the time of writing with largest losses happening at IOTA which has dumped 6.5% on the day. NEO, Ontology and Maker have all lost over 3% today and Bitcoin SV is not far behind.
FOMO: REPO Pumps Again
Today’s top performing altcoin in the top one hundred is Repo as it gets another pump of 30%. There appears to be nothing fundamentally driving momentum for this altcoin which is up and down on a daily basis. Following days of dumping Maximine Coin is finally recovering a little with a 20% pump today. Enjin Coin is also adding to yesterday’s gains with a further 12% today.
There is only one double digit dumper today and that is yesterday’s fomo coin, TrueChain, which has lost 10% on the day. WaykiChain continues to slide with 7% dropped and IOTA is also in pain at the moment.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has not moved a lot over the past 24 hours. A lazy Sunday appears to be in store as markets remain range bound at $172 billion, down $2 billion from the same time yesterday. Daily volume is diminishing and has dropped back to $35 billion as the consolidation continues.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Consolidation Continues, When Can We Expect a Breakout? appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market Wrap: Binance Coin Defies Markets With 10% Surge

Crypto markets are still consolidating this Friday; No movement on the majors but Binance Coin is bullish.
Market Wrap
The lethargy continues on crypto markets as we end another week. Nothing has moved since Sunday’s big dump and total market cap has remained at $130 billion. The consolidation continues for another day.
Bitcoin hit an intraday high of $3,900 but instantly bounced back off of it signaling major resistance there. BTC pulled back to $3,860 once again where it has been for the past few days. Daily volume is around $8 billion which is where it has been for the best part of the week.
The Ethereum hard fork has come and gone and ETH prices have not even blipped. The Constantinople and St. Petersburg updates went live on the main network at block 7,280,000, in accordance with previously released schedule. But ETH is still stuck at $137 where it has been since Monday.
XRP has had no boost whatsoever from a long awaited Coinbase listing. The exchange added that full support for the Ripple token will be made available on both the Android and iOS Coinbase apps. At the time of writing XRP was trading around a percent higher at $0.317.

There is only one altcoin surging in the top ten during today’s Asian trading session. Binance Coin yet again is defying market action by pumping 10.5% on the day.  BNB is now back to pre-dump levels at $11 as the exchange backed token increases its market cap to $1.5 billion. It is now just $45 million away from Tron in ninth spot.
Nothing else has happened with any of the other altcoins in the top ten. The top twenty has a little more movement but it is mostly of the red type at the moment. Bitcoin SV has lost the most at 2.8% and Ethereum Classic and NEM are not far behind losing over 1.5% each. Dash and Maker are the only two cryptos in the green in this section with gains of a percent or two.
ABBC Coin Off The Chart
Today’s ludicrous fomo pump is again ABBC Coin which has skyrocketed 120% and surged from nowhere to 33rd largest crypto by market cap. The project has been accused of imitating Alibaba though the Chinese retail giant has no connection to it whatsoever. The platform proposes to use blockchain based facial recognition for identity verification purposes. Steem is also performing well today with a pump of 20% following a recent Huobi listing.
There are no double digit dumps going on at the moment but the worst performing altcoins in the top one hundred at the time of writing are Aurora and Pundi X dropping 8% and 6.5% respectively.
Total crypto market capitalization has not budged since yesterday. It is still cemented at $130 billion as markets continue their consolidation. Daily volume is still at $26 billion and Bitcoin dominance remains at 52% as the tedium continues.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals
The post Crypto Market Wrap: Binance Coin Defies Markets With 10% Surge appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market Wrap: Consolidation Continues, Is a Breakout Imminent?

Market Wrap
Crypto consolidation continues; Litecoin still inching up, NEO making progress, everything else is flat.
Crypto markets are looking a little erratic as we enter the weekend but in the grand scheme of things nothing has changed over the past seven days. Total market cap has crept up marginally but most tokens are still consolidating within their slim boundaries.
Bitcoin has bounced of intraday resistance levels of $3,640 twice but is still holding above major support at $3,600. Lower highs have been made all week indicating that BTC is likely to turn bearish soon, especially if it falls below the key $3,600 level.
Ethereum is stable at $123 still, it has not moved a bit over the past 24 hours and remains where it has been since mid-week. XRP is slowly weakening and the gap between the two has now widened to $450 million.
There has been so little action for the majority of the top ten that they are showing tenths of a percent change over the past day. Litecoin is the biggest mover with 2% as it pulls away from EOS and increases the market cap gap between them. Very little else is going on in this section.
NEO is today’s top coin in the big twenty as it adds 3% on the day. Tezos is creeping back towards a top twenty place adding 2% but it is still a way off Zcash. Maker and NEM are dumping 4-5 percent following a couple of days of reasonable gains.
There are only two altcoins in double digits at the time of writing. Ontology and Aelf have added 16% a piece during the Asian trading session. The Parity Games partnership appears to be driving momentum for ONT. There are no big dumps going on at the messy end of the top one hundred but the day’s worst performers are Aurora and Revain.

Total market capitalization has not moved over the past 24 hours and remains a fraction higher at just over $121 billion. Markets are still range bound in a very tight channel where they have been all week. There are no signs of momentum in either direction and the tedium continues in crypto land.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals
The post Crypto Market Wrap: Consolidation Continues, Is a Breakout Imminent? appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market Wrap: Binance Coin Buoyed By New Fiat Exchange

Market Wrap
Crypto markets haven’t done much over the past 24 hours, the top ten is flat, Cardano and Binance Coin gaining slightly.
There has been very little movement in crypto markets over the past 24 hours. No further dumps have been initiated which has kept total market capitalization just above $120 billion for another day.
Bitcoin has held above $3,600 support but only just. It reached an intraday high of $3,685 before pulling back again, currently down a third of a percent on the day. This time last week Bitcoin was still over $4,000 but since the big dump it has remained flat, consolidating in this tight range for now.
There has been still no movement in the Ethereum camp which is lulling around $120, exactly where it was this time yesterday. XRP has fallen back a little reducing the market cap gap between second and third places to $600 million.
The top ten is completely flat with no altcoins moving more than a percent in either direction. EOS is the only token in the green but gains are negligible and Bitcoin Cash is dropping the most as usual.
There are a couple of coins making moves in the top twenty but gains are only 3% or so. Cardano, Binance Coin and Maker are the only ones gaining, BNB buoyed 4% by the news of a new Binance fiat exchange launch in Jersey. The rest are totally flat or falling back a fraction of a percent.

Official Launch of #Binance's EUR/GBP Fiat Exchange – https://t.co/FW7TuvT7pohttps://t.co/BG7cKD5Ukg pic.twitter.com/36R626Rxle
— Binance (@binance) January 16, 2019

Two altcoins are getting the big dose of fomo during the Asian trading session today. Augur and Loopring are both pumping 45% at the time of writing. Power Ledger is also flying with 32% added on the day and Status has made 25%. Getting dumped are Buggyra Coin shedding 16%, followed by Aurora and Dentacoin dumping 12% each.

Total crypto market capitalization is exactly where it was this time yesterday, $121 billion. Markets did gain $2 billion over the past 24 hours but lost it again equally as fast. Daily volume has remained steady at $16 billion. This time last week the big dump started but since then markets have been trading sideways.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Binance Coin Buoyed By New Fiat Exchange appeared first on NewsBTC.
Source: New feedNewsBTC.com

Cryptocurrency Market Update: Crypto Consolidation Continues

FOMO Moments
Sleepy Sunday in crypto land; Veritaseum making a move, Ravencoin flapping.
It is another slow Sunday in crypto land with markets still slumbering. There has still been no movement for most of the major cryptocurrencies leaving markets at the same level around $210 billion.
Still at the same level a touch below $6,500, Bitcoin is static. BTC has traded at the same price range for the past two weeks and has not been able to get anywhere near $6,600. Ethereum is also immobile for another day trading at just below $205.
Yet again the altcoins are mixed and there really isn’t much to write about. Nothing is gaining more than a percent on the day in the top ten and Stellar has declined the most falling back over 2% to $0.228.
The top twenty shows equal torpor with more red than green. Iota and Nem have dropped just over 2% and Dash is not far behind. There are no altcoins making gains until we get way down the chart, and even those are small.
No major fomo pumps going on either today as the markets sleep. The top performer in the top one hundred at the moment is Veritaseum climbing 8% on the day. Polymath and Metaverse ETP are both up just over 7% and Decentraland has made 6.5% at the time of writing. Dropping between 5 and 6 percent at the red end of things is Ravencoin, Aion, Bytom and Golem.

Total market capitalization is still at $209 billion, exactly the same level as this time yesterday. Over the past week markets have ranged between $212 and $208 billion, unable to break out in either direction. The crypto bears are keeping things firmly on the floor and markets haven’t really done much since early September. A real recovery looks a long way off at the moment and this lethargy could continue for another month or more.
FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.
The post Cryptocurrency Market Update: Crypto Consolidation Continues appeared first on NewsBTC.
Source: New feedNewsBTC.com