Cole Petersen

Blog Info Bitcoinist.com
Blog Info CryptoSlate
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Stats Has written 237 posts about cryptocurrency

Nov 30 2020

Bitcoin is About to Post the Highest Monthly Candle Close Ever as Bulls Roar

Nov 30 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin is currently caught within the throes of an intense uptrend, with bears being unable to slow its ascent The strength of this uptrend has been quite intense, and seems to indicate that significantly further upside could be imminent The lower and mid-$19,000 region does hold some intense resistance for the cryptocurrency, and another rejection here could strike a heavy blow to bulls...

Ethereum Erases Recent Losses as Analysts Eye Move to $800 Next

Nov 30 2020 Published at Bitcoinist.com under tags  altcoin price ethbtc ethusd ethusdt

Ethereum and the entire crypto market are showing immense signs of strength today This comes as investors pour money into the market at a rapid pace, with Bitcoin rapidly approaching its all-time highs This rebound comes close on the heels of a sharp selloff that led ETH to $490 and BTC to $16,400 Where the market trends next will undoubtedly depend on Bitcoin’s...

It’s a “Do or Die” Moment for Bitcoin as Bulls Send it to Critical Resistance

Nov 30 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin is seeing some immense momentum at the moment, with bulls sparking a strong upswing that is showing no signs of slowing down This came about following the massive downwards movement seen late-last week after the cryptocurrency tested its $19,500 all-time highs The rejection here showed that bears would ardently try to defend this level, but it remains unclear as to where it...

Nov 29 2020

Here’s the Bitcoin Price that “All the Key Levels” are Currently Pointing To

Nov 29 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin and the aggregated cryptocurrency market are currently pushing higher, with bulls moving to erase all of the losses that came about as a result of the recent selloff The selling pressure seen around its all-time highs in the mid-$19,000 region was unsurprising, but it may not hold strong during the next test of this level Traders believe that today’s rebound may not...

Ethereum’s Rebound is “Getting Tired” as Analyst Eyes Move to $520

Nov 29 2020 Published at Bitcoinist.com under tags  altcoin price ethbtc ethusd ethusdt

Ethereum has been climbing higher today alongside Bitcoin and the rest of the crypto market The strength seen as of late comes as Bitcoin puts some serious distance between its recent lows and its current price levels This indicates that bulls are in full control and are looking to form a “V-shaped” recovery that could allow for significantly further upside in the days...

Bitcoin Claims Crucial Level, But Break Below It Could Lead to $16,000

Nov 29 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has been caught within a strong uptrend in the time following its recent selloff, with bulls largely absorbing the inflows of selling pressure After reeling down to lows of $16,400, the cryptocurrency faced a massive rebound that has now led it past $18,000 Its present momentum is showing few signs of slowing down, and there’s a strong possibility that further upside is...

Nov 28 2020

Bitcoin Could Be Mirroring This Extremely Bullish Gold Fractal from the 1970s

Nov 28 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin is currently caught within a strong upswing following its recent selloff Bulls are pushing the crypto towards $18,000 as they move to erase its recent losses Where it trends next will depend largely on how sustainable this ongoing move higher is One investor is now noting that a gold fractal from the 1970s seems to indicate that this selloff could be followed...

Ethereum’s Technical Outlook Strengthens as Market-Wide Recovery Begins

Nov 28 2020 Published at Bitcoinist.com under tags  altcoin price ethbtc ethusd ethusdt

Ethereum has been closely tracking Bitcoin’s price action throughout the past few days and weeks, which has led it to see some immense turbulence as of late Just two days ago, the benchmark cryptocurrency faced a rejection at its all- time highs that resulted in it reeling from $19,500 to $16,400 This selloff was the most intense one seen since this uptrend first got...

This Pattern Suggests Bitcoin Could Plummet to $12,000 Before Uptrend Continues

Nov 28 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin and the entire crypto market are showing some signs of strength on this relatively quiet morning for the markets Following a brief bout of trading below $17,000, the benchmark cryptocurrency has firmly reclaimed this price region It is now attempting to push higher as bears lose steam, which could be a sign that its recent $16,400 lows are a long-term bottom Where...

Nov 27 2020

Here’s Why Bitcoin May Need to Tap $13,000 Before Continuing Its Uptrend

Nov 27 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has been spiraling lower ever since it tapped its all-time highs within the mid-$19,000 region There are a few factors driving this move lower, including selling pressure stemming from the rejection, fear regarding a regulatory crackdown in the U.S., and withdraws on OKEx resuming The confluence of these factors has created a perfect storm for bears, and they appear to be taking...

Here’s the Key Level Ethereum Must Claim to Rally Towards $800

Nov 27 2020 Published at Bitcoinist.com under tags  altcoin price ethbtc ethusd ethusdt

Ethereum’s price has been closely tracking that of Bitcoin as of late, which has caused the cryptocurrency to see some notable losses It has been defending $500 throughout the course of its recent push lower. This comes as Bitcoin breaks below $17,000 and begins seeing accelerating downwards momentum If $500 becomes a strong base of support for ETH, it could help propel the...

Bitcoin Struggles to Hold $17,000 After Wiping Out $1b in Open Interest

Nov 27 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has been struggling to hold above $17,000, despite this being an important price level for the cryptocurrency Where it trends next will depend largely on whether or not bulls can continue building support at this level So far, each dip below it has been met with intense buy-side support that has allowed it to ascend Where it trends next will likely depend...

Nov 26 2020

Why One Analyst Claims This Latest Ethereum Selloff is an Ideal Buying Opportunity

Nov 26 2020 Published at Bitcoinist.com under tags  altcoin price btcusd ethusd ethusdt

Ethereum and the entire crypto market saw a sharp downturn, with Bitcoin plunging by over 10% while ETH declined towards $500 This selling pressure has been quite intense and may continue hampering the cryptocurrency in the near- term Where it trends in the near-term will depend largely on whether or not bulls can stop it from breaking below $500 A decline beneath this level...

Mass Carnage: Bitcoin Bulls Face $750m in Liquidations During Latest Selloff

Nov 26 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

It has been a rough past 12 hours for Bitcoin, as the benchmark cryptocurrency is currently in the process of erasing weeks of gains as it plunges lower The crypto came within a stone’s throw of its all-time highs before the selling pressure began mounting From here, its price rejected and began its descent down to where it is currently trading at One...

Nov 25 2020

Bulls Beware: Ethereum is Breaking a Crucial Trendline for the First Time in Weeks

Nov 25 2020 Published at Bitcoinist.com under tags  bitcoin ethbtc ethusd ethusdt

Ethereum has seen a couple of sharp selloffs throughout the past day, with bears aiming at keeping it below $600 This comes following a strong move higher earlier this week, which allowed the crypto to rally as high as $623 The selling pressure here was intense and caused it to see a sharp decline, from which point forward it has been consolidating Where...

Bitcoin Pushes Towards Highs as Spot Market Gains Full Control

Nov 25 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has seen some incredibly strong price action throughout the past few days and weeks, with the selling pressure seen at its key resistance levels not slowing it down Overnight it was able to rally up towards its previous all-time highs, stopping just short of them when bears stepped up the selling pressure at $19,500 The rejection here was quite intense and caused...

Nov 24 2020

Bitcoin Continues Plowing Higher as Uptrend Shows Few Signs of Slowing

Nov 24 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has been pushing higher throughout the past few days and weeks, with sellers being wholly unable to gain any ground against bulls This comes as BTC pushes past $19,000, which has long been a strong resistance level that has sparked multiple fleeting selloffs Now that it is firmly above this level, it may be well-positioned to see significantly further upwards momentum in...

Ethereum Price Retreats to $600 Despite Imminent ETH 2.0 Rollout

Nov 24 2020 Published at Bitcoinist.com under tags  altcoins ethbtc ethusd ethusdt

Ethereum has witnessed some intense selling pressure following its latest push higher, with bulls trying to defend $600 as bears aim at pushing it below this level The selling pressure here has proven to be quite intense throughout the past few days, but bulls have been able to absorb all of it and continue pushing it higher Where the rest of the market...

Bitcoin Breaks $19,000: Why Analysts are Concerned of a 30%+ Pullback

Nov 24 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin and the entire cryptocurrency market have been caught in the throes of an intense uptrend throughout the past few days Bulls have been aggressively propelling the cryptocurrency higher, with BTC now pushing past its key $19,000 resistance level The selling pressure here has proven to be quite intense, making the firm break above this level technically significant If the cryptocurrency can hold...

Nov 23 2020

Analyst: Bitcoin Likely to Sweep Its Highs as Bears Face Mass Liquidation

Nov 23 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has been stable below $19,000 for the past few days, with each visit to this level sparking relatively strong pullbacks Where the crypto trends in the near-term will depend largely on whether or not bulls can take control of its price action and push it past $19,000 The selling pressure here is significant and may continue hampering its growth over the coming...

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