When we talk about market resistance and support for any asset, the thinking is directly associated with psychological ranges such as Bitcoin at $40,000 or Ethereum at $3000, Cardano at $2, and so on. Yet, over time, the entire premise of observing resistance/support only on price charts has changed, as certain values on metrics haveContinue reading “Will this Bitcoin metric repeat its 2013, 2017 bull-phase in 2021”

With the price of Bitcoin oscillating close to $50,000 yet again, the question remains if bullish momentum would finally allow another re-test of its all-time high. With respect to its support levels, Bitcoin has immediate strength at $47,200, which is the 0.236 Fibonacci range. However, a strong trend building up on exchanges that reduces sellingContinue reading “Bitcoin: Why re-testing $64,000 is a better prospect now”

Over the past few years, September has usually been a drawdown period for the collective industry and Sept 2021 was no different. Ethereum was down by 12.58% for the month but come October it played catch-up really fast. At press time, the asset was already up by 12%  for the month. With more than 25Continue reading “This is crucial for Ethereum on its path beyond $4300 in October”

Requisite institutional interest in major assets such as Bitcoin and Ethereum is nothing new anymore. Since the latter stages of 2020, accredited investors became more and more evident with digital assets, as institutions started to diversify their portfolios. However, since the drop in May 2021, these investors have kept a low profile, without making anyContinue reading “Are Institutions really favoring Ethereum over Bitcoin right now”

The blockchain industry is innovating at a rapid pace and at the moment, different chains are interacting with each other. With the expansion of DeFi, these assets are not only limited to Solana, or Terra’s ecosystem, but it has become essential that there are solutions that allow these assets to move from one branch toContinue reading “Is the future ‘cross-chained’ for Ethereum, Solana, other blockchains”

China’s recent crypto-ban may not have drastically crashed Bitcoin, but it is certainly affecting certain businesses in the country. After China’s central bank declared that offering trading, order matching, and token issuance services are illegal, Huobi Global, the country’s largest Bitcoin exchange, was dealt with a massive curveball. It’s been a week since the announcementContinue reading “Coping with the China FUD – Bitcoin and the Huobi story”

Bitcoin hodlers are positive, yes. There are signs of the price bottoming and the market shares similarities with the on-chain activity seen back in December 2018 and March 2020. However, no matter what has happened over the past couple of months, institutions are still just vaguely interested. Their lack of participation in the market hasContinue reading “What to make of why institutions are not jumping the gun with Bitcoin”

2021 will be remembered for many reasons and in less than 48 hours, the year will finally welcome Q4. With Bitcoin hitting an all-time high in Q2 of 2021, many in the community have been expecting a bullish rally on the charts. One that will push BTC past its previous high of over $64,000. WhileContinue reading “Will Q4 of 2021 see Bitcoin hit $64K again, let alone $100K”

In any financial ecosystem, a ripple effect is an actual phenomenon. More often than not, it is extremely apparent in the cryptocurrency industry since one thing leads to another and the market sees a response. Bitcoin and co. faced a similar conundrum after the recent Chinese “ban” on crypto-trading and services. However, while a periodContinue reading “Identifying how Bitcoin is ‘winning’ despite all the China FUD”

Over the past decade, the blockchain industry’s growth has been precipitated by the use and popularity of cryptos like Bitcoin and Ethereum. In light of the same, it is critical we understand the value flow from fiat to these assets, and how they have led to other innovations within the industry such as DeFi protocols.Continue reading “Here’s why ‘value flows’ are essential for Bitcoin, Ethereum’s market caps”

Back in September 2020, Chainlink was regularly one of the top 5 crypto-assets in the space. Alongside DeFi, LINK exploded on the charts, but it didn’t take off as much as the other altcoins. Fast forward to 2021 and the asset is now ranked 15th on the charts. What’s more, in terms of ‘importance’ andContinue reading “Do Chainlink’s Q4 2021 prospects depend on this ‘2020-factor’”

The sky is blue. Water is wet. China is banning Bitcoin.  While some new investors were petrified, as can be inferred from the minor dip in prices, a majority of the community remained unscathed by the development. It isn’t the first time China has banned Bitcoin, and it probably won’t be the last. However, speculationsContinue reading “Assessing an investment in Bitcoin post-China’s latest ‘ban’”