Yashu Gola

Blog Info Bitcoinist.com
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Stats Has written 295 posts about cryptocurrency

Apr 09 2021

A Bitcoin Correction Towards $55,000 Likely At The End of Week

Key Bitcoin Price Outlook Bitcoin reaches a short-term resistance trendline that constitutes a descending channel pattern. The cryptocurrency risks upside rejection heading into the weekend session. Its downside target lurks near $55,000. Sliding US bond...

Bitcoin Eyes Long-Term Benefits on Central Banks’ Dollar Ditch

If global central banks are any indicator, the bitcoin price can continue its supersonic bull run despite hitting a pause in the past three weeks. At the core of the bullish theory is the US dollar. True, the global store of value has attempted impressively to emerge out of its 2020 bearish trend, the one that...

Apr 08 2021

Boom for Bitcoin as Macro Analysts Stick to Their Bearish Dollar Calls

Bitcoin and the US dollar have stopped caring about their inverse correlation heading into 2021. The flagship cryptocurrency closed the first quarter more than 100 percent higher as more and more institutions became accustomed to its safe-haven characteristics. For instance, US carmaker Tesla...

Many Bitcoin Analysts Call For Rally Beyond $70,000; Here’s Why

Bitcoin traders and analysts are sticking to their conviction that the cryptocurrency's price will hit at least $70,000 in the coming sessions. At the core of their upside outlook lies a classic technical indicator. Dubbed as Ascending Triangle, the pattern forms when an asset forms two or more rising...

Apr 07 2021

A Big Glitch Appears in Bitcoin Bullish Bias: Rising Rate Hikes Bets

There are more traders now that prefer to hold Bitcoin than selling it to realize earlier profits. It is indicative of a major price boom ahead for the flagship cryptocurrency, which has already surged by almost 1,380 percent from its 2020's nadir of $3,858 (data from Coinbase). Bitcoin Rise to Glory Lower interest rates have provided one of the most strengthening bullish tailwinds...

A Potential Bitcoin Price Explosion Above $60,0000 is Brewing; Here’s Why

Apr 07 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin price btc btcusdt paypal

Has the Bitcoin market topped out as traders constantly fail to achieve a breakout move above $60,000? Apparently, no....

Apr 06 2021

Ripple’s XRP Blasts Past SEC Lawsuit Fears to Hit Three-Year High

XRP bulls are back! The Ripple blockchain's native token, which got embroiled in a legal controversy with the US Securities and Exchange Commission over its alleged securities status — and which led to the delisting of its highly traded financial instruments across many US-based crypto exchanges, reached its highest levels in three...

Top Bitcoin Influencer Closes Bullish Position on Price Dump Fears

Bitcoin risks falling below $50,000, according to a trade setup shared by Jonny Moe, an independent market analyst. The social media influencer, widely tracked by investors and traders in the cryptocurrency space, unveiled the bearish setup in a tweet published early Tuesday. He closed what he called "leverage...

Apr 05 2021

A Big Breakout Awaits Enjin (ENJ) Following Its Scaling Update This Week

Apr 05 2021 Published at Bitcoinist.com under tags  altcoins enj enjbtc enjin enjin coin

Ethereum rival Enjin is facing the prospect of posting a massive breakout rally ahead, according to a classic technical indicator and a crucial network update. The mid-cap blockchain project, active since 2009, provides services for building gaming communities and products for game developers. It offers a suite of tools based on a web interface that enables Ethereum digital assets in the form of...

Bitcoin Weekly Outlook: Milder Swings Expected Around FOMC Minutes

Bitcoin (BTC/USD) is paring a portion of its recent gains entering the new weekly session, trading just a little over $57,000 after breaching $60,000 last week....

Apr 02 2021

Ethereum Hits $2K For the First Time Since February; Breakout Ahead?

Apr 02 2021 Published at Bitcoinist.com under tags  altcoin bitcoin ethereum ethusd ethusdt

Ethereum briefly crossed over the $2,000-level, a benchmark target for many bulls as they await a breakout price rally in the world's second-largest cryptocurrency market. The ETH/USD exchange rate surged to $2,007 during the Asia-Pacific trading session Friday. The pair's move uphill coincided with a drop in the...

Bitcoin Hits $60,000 on Coinbase and Morgan Stanley’s Street Swapping

Bitcoin briefly surged above $60,000 Friday as the focus shifted on Coinbase and its plans to go public this month alongside Morgan Stanley's latest pro- crypto securities filing. First Coinbase Coinbase announced late night Thursday that...

Apr 01 2021

What is Filecoin and Why Its Uptrend is Overshooting Even Bitcoin?

Apr 01 2021 Published at Bitcoinist.com under tags  altcoins bitcoin fil filbtc filecoin

An altcoin called Filecoin has just escalated its ranks after logging a gravity-defying price rally that beats even its top rival Bitcoin's uptrend. The ticker FIL climbed four days in a row — by up to 79.07 percent — against the US dollar to reach its five-month high of $224.16 (data from Binance). Meanwhile, the token closed its first quarter at a 682.32...

Bitcoin Price Doubles in Institutionally-Driven First Quarter; What’s in Q2?

Bitcoin went into an upside mania in the first quarter of the year. The flagship cryptocurrency surged by roughly 102 percent as investors showed no fears of risk-taking. On the contrary, they embraced it as interest rates on government bonds rose but remained near their historically low levels. New rounds of government stimulus packages further pushed investors to risky corners of the market,...

Mar 31 2021

Solid Upside Rejection as Bitcoin Tests $60,000; What to Expect?

Bitcoin bears attempted to take control during the early European session as the cryptocurrency neared a $60,000-valuation. The BTC/USD exchange rate slipped by as much as 4.89 percent from its intraday high of $59,800, triggering over $388 million worth of long positions across all the derivative exchanges in just four hours of trading. A sell liquidation occurs when the market moves against a...

Bitcoin Eyes $60,000-Breakout Ahead of Biden Spending Announcement

Mar 31 2021 Published at Bitcoinist.com under tags  bitcoin gold joe biden paypal visa

Bitcoin held gains, bond yields rose, and gold slipped ahead of President Biden's next big spending push that could total anywhere between $2 trillion and $4 trillion. The BTC/USD exchange rate approached $60,000 in an early morning rally in Asia, driven higher by a flurry of fundamentals, ranging from PayPal's decision...

Mar 30 2021

Bitcoin Firm as Archegos Fiasco Raises Conflagration Concerns; What’s Next?

Mar 30 2021 Published at Bitcoinist.com under tags  bitcoin

Bitcoin prices traded narrowly higher Tuesday as it attempted to offset profit-selling behavior against an ongoing turmoil on Wall Street. The benchmark cryptocurrency surged 0.42 percent to $57,829 ahead of the London morning bell. Its modest gains came as an extension to a bullish session on...

Bitcoin Bull Flag Suggests Price Will Explode Beyond $70,000

Mar 30 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency

A classic technical indicator suggests that Bitcoin, the world's leading cryptocurrency by market cap, would become more valuable than it already is. $70,000 Next? Dubbed as Bull Flag, the chart pattern forms when an asset consolidates downwards for a brief period after...

Mar 29 2021

Boom for Bitcoin as Wall Street Veteran Blasts Powell over Inflation Risks

Bitcoin could continue playing its global safe-haven hedge role as a Wall Street veteran blasts off Jerome Powell and his pro-inflation policies in his latest opinion editorial. The benchmark cryptocurrency could rise as Andrew Parlin, founder/chief investment officer at Washington Peak Investment Advisors in New Jersey,...

Bitcoin Weekly Forecast: BTC/USD Does Not Want to Move Below $50,000

Last week was suspenseful for Bitcoin. The cryptocurrency market was expecting a super-volatile period as about $6 billion worth of options neared their expiry. Many bears maintained their put options strike rate to near $47,500 — and even tried their very best to crash the bitcoin...

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