Will the Price of BTC Surge After the 2020 US Presidential Elections?

Bitcoin bulls are being kept at bay by the U.S 2020 election uncertainty according to Northern Trust Wealth Management CIO, Katie Nixon.

Speaking to MarketWatch, she noted that the crypto markets volatility will increase further between now and the elections. This, coupled with the COVID-19 pandemic and ongoing U.S-China trade war could see BTC struggle below the $10,000 mark for a longer time.

While BTC has suffered under global uncertainty, other assets including traditional safe havens like gold and oil weren’t spared. Oil prices recently hit a 25-year low as demand plummeted amid lockdown measures.

Gold, on the other hand, was a bit resilient, with speculations pointing to a possible $3,000 high in the near future. Following these trends, the crypto market was ultimately affected, but historical data from TradingView now point out to a possible bull-run after the U.S elections.

Source; TradingView

Based on this cycle, BTC appears to have picked up after the 2012 and 2016 U.S elections. Could this mean a repeat of the same as we head into the 2020 elections? With the crypto markets uncertainty, only time can confirm whether the pattern holds water.

Earlier this month, hopes were high following the BTC halving, but the market failed to react adequately. As it stands, Bitcoin has yet to form a stable support level above $10,000 despite the market hype prior to Mays 2020 halving.

Interestingly, this speculation coincides with a theory by Eric Wade, a crypto veteran working with the Stansberry Research Group.

In his recent analysis, Wade noted that BTC is about to experience the next bull market given the new halving. Looking back, the market picked after the 2012 and 2016 BTC halvings. These were both U.S election years, hence the similarity despite different fundamental explanations to the cycle.

At the moment, BTC is trading at $8,855 as per Coinmarketcap stats and continues to dominate the crypto market with a 65% market share. Going by the speculated cycles, this price could comfortably hit the $10,000 mark once the U.S 2020 election is over and the market has fully adjusted to the new 6.25 block reward.

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Author: Edwin Munyui

Bitcoin will be Just Fine, Here’s Why a 45% Crash is Still a Buy the Dip Opportunity

  • Bitcoin price crashed 45% in a single day and the volume went 10x the normal size
  • BTC bulls just betting that framework is correct, will boom like anything once the dust settles – Travis Kling
  • BTC is the only truly free market that doesn’t need govt intervention to stabilize – macro analyst

In a crypto carnage yesterday, Bitcoin price lost about 45% of its value, falling to one year low of $3,850. Currently, we are back above $5,200, nearing $5,500 but the market still remains fearful of what’s to come now, go another leg lower, range at current levels or make our way back.

As Michael Arrington, founder of TechCrunch, and CrunchBase noted, “This was like all of 2018 in one evening.”

Interestingly, this volatility saw a massive amount of BTC move on-chain. In blocks 621358 and 621259, over 200,000 BTC and 600,000 BTC moved respectively.

Since the price drop, 10k-100k BTC per block, 10x the normal volume, were moved.

“Too much panic and too little reason”

On Feb. 13, Bitcoin price climbed to 2020 high at above $10,500 but the black swan event coronavirus (Covid-19) and oil price war that rocked the global stock markets, experiencing their worst days since 2008 financial crisis and losing trillions of dollars in the process also hit the crypto market hard.

However, what had the digital asset in free-fall was the massive liquidations on the crypto derivatives platform BitMEX.

Interestingly, while Ethereum followed Bitcoin to deep losses, altcoins didn’t fall as hard this time.

There is bloodbath on the crypto street and investors are trying to maintain the confidence to buy the dip and according to some industry commentators it’s the right opportunity for that.

According to Edward Snowden, Wikileaks founder, and a bitcoin proponent, this has been too much panic leading the prices down which had him tempted to stack some sats.

Bitcoin Price cointegration with S2F Model Intact

Macro investor Dan Tapiero, Gold Bullion International co-founder also has some soothing words for the bitcoin investors and holders who point out within a day the digital asset lost about 45% of its value only to stabilize later in the day, that too without the help of central banks and government. Tapiero said,

“BITCOINERS: Hearing guys whine that btc is krap, not a hedge, not digital gold, it’s going to zero etc..stfu. Btc is the only true free market in the world. Btc is the only asset that can go down 50% in one day and doesn’t need govt intervention to stabilize. It will be fine.”

On the current market condition Travis Kling, former equities portfolio manager, now running crypto fund Ikigai feels once the dust settles and economic activity resumes, central banks inject trillions of new dollars, “off that bottom, there is no other asset on the planet that will move like Bitcoin.”

“Bitcoin is either antifragile or it isn’t. If it is, by definition it will come out of this stronger than it went in. There is a framework to evaluate “antifragility”. It’s not evaluated haphazardly, but with sound logic. So BTC bulls today are betting that framework is correct,” said.

To further boost your confidence, the bitcoin price is still following the stock-to-flow model.

“Doesn’t look like a real black swan to me, red dot still very much in the blue zone,” said the analyst on the digital asset being Black Swanned!

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Author: AnTy

TRON (TRX) Price Analysis (February 29)

• Tron remains in a bear market, looks tasty for bears.
• Bulls losing momentum, could Tron slides to $0.01 from here?.
• Tron is close to support/resistance zone

TRX/USD Medium-term Trend: Bearish

• Resistance levels : $0.022, $0.024, $0.026
• Support levels: $0.014, $0.012, $0.010

The cryptocurrency is in a bearish market in its medium-term outlook. The market is falling hard as Tron slopes below $0.02 leading to a market-wide sell-off.

The cryptocurrency is in a descending channel with the formation of a bearish candle at $0.017 in the lower line of the channel in the support area as the session opens today.

TRXUSD is initially down at $0.016 in the support area below the two EMAs as the journey down to the lower line of the channel has already begun.

The stochastic oscillator signal pointing up at around level 12 % in the oversold region indicates the momentum in price of Tron might encounter a change in the future in the medium-term.

TRX/USD Short-term Trend: Bearish


The trend is falling and the price has not yet reached its goal in a strong support level of $0.012.

Today’s 4-hour bearish opening candle at $0.017 in the lower channel of the support area sustains the downward momentum with TRXUSD down to $0.016 in the support area.

With price below the two EMAs and the stochastic oscillator signal pointing down at 62% in the oversold region, it suggests that the downward momentum within the range in the short-term.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Ethereum Technical Indicator Flashes Warning Signal But Active Addresses Jump Nearly 27%

There is an onslaught of bulls on Ethereum price which is up 114% in 2020 so far while trading at $281, a level last seen in early July last year.

However, according to Bloomberg’s GTI Global Strength Indicator that measures upwards and downward moves of closing prices, the coin has been at its “most overbought” level since last May.

As per the indicator, an asset is considered overbought if it surpasses 70 and oversold if the indicator is below 30. Ether went as high as 92.7 this week. The last time Ether was this overbought, the price lost over 55% of its value.

More Gains could still be in Store

“It is eye-opening the little run it has put together,” Edward Moya, a senior market analyst at Oanda Corp. told Bloomberg.

Ethereum’s rally could continue, he said, but “if bullish momentum gets out of control, Ether will likely find strong resistance in the $400-$440 region, roughly the midpoint of the record high seen in 2018.”

According to analyst Jacob Canfield, Eth/BTC has broken a major resistance level that served as support for the last two years and “a retest of .024 could be a great place to long.”

Overall the market is enjoying the alt season with Bitcoin being the lowest percentage gainer of 2020 among the top 20 coins except for the stablecoins. Altcoins like BSV and Dash have surged as much as 200% on a year-to-date basis.

Gas Price Jumps over 40% to Sept. Levels

Just like the price, the Ethereum Median Gas Price, one day MA, has also increased significantly, especially in the last 24 hours.

A jump of 40.9% can be seen as gas price went from 5.873 GWEI to 8.275 GWEI as noted by crypto data form Glassnode.

“Gas usage has hit highs not seen since September last year,” wrote Glassnode.

Towards the end of last month, we went as low as 2.4 GWEI from September’s high of 30 GWEI.

Active Addresses & Transaction Count Spikes Too

“Inline with ETH’s price rally, Ethereum network usage is on the rise,” points out Glassnode as, amidst these surges, two other network factors experienced a spike.

In the past seven days, Ethereum’s active addresses have increased by 26.7%, going from 180.7k to 217.2k. However, it’s lowest than the active addresses recorded on Jan. 20 at nearly 235k.

In June last year, this figure was at 363k while at its peak, the Ethereum Active addresses has been at nearly 662k that has been at the top of the bull cycle in Jan. 2018.

Transaction count is another fundamental that is up 20.77% from less than 500k last week to close to touching 700k.

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Author: AnTy

Ethereum (ETH) Price Analysis (February 11)

• The price of Ethereum is likely to encounter a price breakout.
• The bulls remain dominant in the market.

ETH/USD Medium-term Trend: Bullish

• Distribution Zones : $240.00, $250.00, $260.00
• Accumulation Zones: $110.00, $100.00, $90.00

ETHEREUM/USD continues in a bullish trend in its medium-term outlook. The bearish pressure was weakened at $230.53 in the accumulation zone as bulls resume the uptrend today.

Today’s session opens with a long bullish candle at $237.76 in the distribution zone breaking the resistance line is an indication that the price of the coin is in an indication of buyers present and in control of the market.

ETH/USD is initially up at $238.21 in the distribution zone above the two EMAs as the journey up the trend has already begun.

The stochastic oscillator indicator at the overbought region suggests the momentum in the price of Ethereum is likely to experience a downward trend in the medium-term.

ETH/USD Short-term Trend: Bullish


The cryptocurrency is in a bullish trend in its short-term outlook.
The bullish candle formation at $220.00 in the distribution zone is an indication of the bulls returns shortly after the 4-hourly session opens today.
ETHUSD is initially up at $237.70 in the distribution zone above the two-EMAs breaking the resistance line, as the journey up to the upper distribution area has already begun.
The stochastic oscillator signal pointing up at around 69%, suggests an upward momentum in price in the short-term.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Litecoin (LTC) Price Analysis (February 11)

• The Cryptocurrency is in a bullish trend in both the medium and short-term outlook respectively.
• The bulls remained in control of the market.

LTC/USD Medium-term Trend: Bullish

• Resistance Levels : $80.00, $90.00, $100.00
• Support Levels: $35.00, $25.00, $15.00

Litecoin (LTCUSD) is in an uptrend in its medium-term outlook. Yesterday, the price of the coin dropped to $73.98 in the support area due to the gradual return of the bears. The bears were resisted as the market opens today on a bullish note at $74.00.

The crypto’s price is initially above the two EMAs trading at the $74.88 in the resistance area, which indicates that price is likely to rise.

Meanwhile, the stochastic oscillator signal at the overbought region is an indication that the momentum in the price of the coin is likely to go upward in the future in the medium term.

LTC/USD Short-term Trend: Bullish


The coin is in a bullish trend in its short-term outlook. The bears’ brief return led to a drop in price of the coin to $73.37 in the support area during yesterday’s session.
The 4-hourly chart today opens on a bearish note at $74.00 in the support area. However, the price of the crypto is up at $74.88 due to the gradual returns of the bulls.
Price is above the two EMA’s and the stochastic oscillator signal pointing up at around 27% in the oversold region indicates an upward momentum in price of the coin. Hence, a buy signal.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Ethereum (ETH/USD) Price Analysis (February 10)

• The Cryptocurrency is in an uptrend.
• The bulls remain in control of the market.

ETH/USD Medium-term Trend: Bullish

• Distribution Zones : $230.00, $240.00, $250.00
• Accumulation Zones: $115.00, $110.00, $100.00

ETH/USD is in an uptrend in its medium-term outlook. The bulls increased momentum pushed price up to $230.00 in the distribution area, as the market opens yesterday.

The momentum was lost as the bears set in at $228.33 and drops the price of the coin as the market opens today. The cryptocurrency initial price is $219.10 in the accumulation area.

Price is above the two EMAs and the stochastic oscillator signal pointing down at level 90% in the overbought region suggests downward momentum in the cryptocurrency price in the medium-term.

ETH/USD Short-term Trend: Bullish

The coin is in an uptrend in its short-term outlook. The bulls made a progressive movement to the north breaking the EMA 9. $228.56 in the distribution area was the high attained by the cryptocurrency during yesterday’s session.

Today’s 4-hour bearish opening candle at $228.33 sustained the downward momentum with ETH/USD down to $218.23.

Price is below the EMA 9 and the stochastic oscillator signal pointing down at 35% suggests downward momentum in the price of the crypto in the short-term. Hence a price reversal may likely occur in the future.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Litecoin Price Analysis (February 9)

• The Medium-term outlook and the Short-term outlook are in an uptrend.
• The bulls remains in control of the market.

LTC/USD Medium-term Trend: Bullish

• Resistance Levels : $80.00, $90.00, $100.00
• Support Levels:      $35.00, $25.00, $15.00

LTC/USD MEDIUM-TERM

LTC/USD MEDIUM-TERM

The cryptocurrency is in a bullish trend in its medium-term outlook. After breaking the $77.58 of the resistance line the bulls pushes the price further up at $78.45 in the resistance area during the session today.

Price is up to $78.45 in the resistance area as the journey up north continues.

With the price of LTC/USD above the two EMA’s and the stochastic oscillator indicator at the overbought region suggests an upward momentum in price of the coin in the medium-term.

LTC/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The bulls made a progressive movement to the north with a touch at the EMA 9, $77.92 in the resistance area was the high attained by the cryptocurrency during yesterday’s session.

Today’s 4-hour bullish opening candle at $77.60 sustains the upward momentum with LTC/USD up to $78.45 in the resistance area.

Price is above the two EMA’s and the stochastic oscillator indicator in the overbought region indicates an upward trend in the price of the cryptocurrency in the short-term.

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Author: Ben Jordan

Cardano (ADA) Looking ‘Absolutely Bonkers’ As Bullish Factors Push In

  • After six months of accumulation, Cardano is looking ripe for bulls as daily Ichimoku Cloud also turns bullish
  • Its price is also breaking above 200 MA which if happens is considered to be in a long term uptrend
  • “I’ve never seen the company so unified and moving so quickly,” IOHK CEO Charles Hoskinson on Cardano development

ADA is currently up about 35% YTD, going to $0.046, the highest level of 2020 yesterday. This level was last seen in Sep. last year.

Currently, the 12th largest cryptocurrency with a market cap of $1.18 billion is trading at $0.0454, down 1.87% in the past 24 hours as per Coincodex while managing the daily trading volume of $16 million on top ten exchanges as per Messari.

Though ADA has a long way to reach its all-time high of $1.33 as it is down 97% from this, bulls are coming for the digital asset.

Why is ADA Bullish?

Analyst Josh Olszewicz says “fundamentals aside, ADA looks absolutely bonkers to me,” while pointing out several reasons for the same.

For starters, ADA has seen about 6 months of accumulation. This phase is a stage of consolidation where there is no clear trend and the crypto asset usually trades in a range. During this period, which begins after the completion of a downtrend, traders and investors accumulate assets. The longer the accumulation period, the more explosive the run-up if it starts to break out.

The daily Ichimoku Cloud has also turned bullish which is the second reason. The Cloud is a key part of this indicator and if the price is above this, the trend is up and vice versa. A bullish cloud-like such also saw BTC soaring from about $7,000 to $9,200.

Other factors behind the surge

Q1 has been bullish for altcoins as seen currently in the market. Bitcoin chopping is another factor contributing to the rise in their prices.

As analyst Ceteris Paribus notes, the launch of Bitcoin-related products like CME’s Bitcoin options would be bearish for altcoins. “If it isn’t obvious, the more we see products like this get offered the more bearish it is for the majority of alts,” said Paribus.

However, another thing working for Cardano is that its price is breaking above 200 MA. An asset that is trading above its 200 Day Moving Average is considered to be in a long term uptrend.

“I’ve never seen the company so unified and moving so quickly,” – Hoskinson

On the development side, Cardano’s commercial arm, Emurgo partnered with the government of Uzbekistan to form a blockchain task force to develop regulations for security token offerings (STOs) and security token exchanges (STXs).

Recently in an AMA, Ethereum co-founder Charles Hoskinson, CEO of IOHK, Cardano’s parent company said the past few weeks have been “illuminating.” The company has been constantly releasing new updates with the Sheely Incentivized testnet receiving its first update for the year.

The Daedalus wallet is also seeing updates every two weeks, which Hoskinson said are necessary for its hardware support.

“I’ve never seen the company so unified and moving so quickly,” commented Hoskinson while talking about its staking service and its continually evolving software that will ease ADA’s release into more exchanges.

Now moving forward, its OBFT hard fork is likely to occur in February, a month that will see its first workshop with auditing giant PwC.

Hoskinson currently at the World Economic Forum in Davos, Switzerland is using it as a “networking opportunity,” with leaders from both the blockchain and finance industry.

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Author: AnTy

The US Twiddles Their Regulatory Thumbs As Asian Countries Are Becoming Crypto Powerhouses

2019 did not turn out to be the year of bulls as many had expected, but despite that cryptocurrencies and blockchain dominated the world news for their growing influence in various sectors around the globe. Interestingly, it’s not just world power which is seeing a gradual shift from West to East the Eastern world is also dominating the west in terms of crypto and blockchain acceptance and regulation.

Asia is currently leading the blockchain and cryptocurrency race with several countries in the continent looking to either implement friendly regulations or have already made strides. China towards the last quarter of 2019 called for accelerated crypto adoption, while Singapore has become one of the leading choices for fintech firms, as the country provides access to south Asian Markets of over 600 million people.

Singapore’s Payment Services Act which is slated to come into action by January 28th is already being seen as one of the most progressive and comprehensive regulatory frameworks covering blockchain and cryptocurrencies. The act is set to cement Singapore’s position as the hub for the fintech industry.

Central Governments Will Also Venture Into The Decentralized Space

Many central governments who were strictly against regulating crypto use in any form have come around to realize the potential of these digital assets. These governments have also realized that it is next to impossible to put a blanket ban on these cryptocurrencies and thus they are looking to regulate crypto trading.

Many central banks from Asia have also shown a great interest in launching a Central Bank Issued Digital Currency (CBDC) to offer faster cross-border remittance services while still maintaining their financial sovereignty. China is slated to become the first country of the world to launch its national digital currency whose research they started back in 2014 itself.

Many crypto analysts believe that governments around the globe understand the shortcomings in the fiat monetary system and know that it would lead to financial instability. This is the reason not just China but many other nations have started their research and development wing to study digital currencies and also develop a stablecoin pegged by the national fiat system.

While Asian countries are actively working to be at the top of the blockchain game Western nations especially the US and many developed nations of Europe are still not clear about the scope of use of cryptocurrencies in their nation.

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Author: James W