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Messages - Dociko

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1051
Tezos has been caught within a firm consolidation phase against its USD trading pair in recent weeks, with the cryptocurrency being unable to garner any clear independent momentum.

That has caused its price to range between lows of $2.35 and highs of $2.65, which is around where it is currently trading at.

Bulls are attempting to break this range and catalyze further upside in the near-term, although whether or not it can push higher will likely depend mostly on the rest of the cryptocurrency market.
Details: https://www.newsbtc.com/2020/09/10/tezos-xtz-reaches-critical-btc-support-as-sellers-grow-aggressive/

1052
In what has to be one of the fastest turnarounds ever, Yearn.finance’s YFI token is being listed on Coinbase just two months after its launch.

The leading decentralized finance coin, which is currently the only one with a market capitalization over $1 billion, was just revealed to have garnered a coveted Coinbase listing.

On September 10th, the official Twitter account of Coinbase Pro wrote:
Details: https://www.newsbtc.com/2020/09/10/yearn-finance-yfi-just-surged-20-due-to-coveted-coinbase-listing/

1053
Bitcoin News & Updates / Latest Bitcoin Rally Doesn’t Look Like a Bull Run
« on: September 11, 2020, 11:33:12 AM »
Bitcoin just crashed from $12,000 to $10,000 in the matter of a few days, and it has since been a battle for bulls to hold ground at $10,000. Unfortunately, bears may end up winning this battle, as the latest rally according to one crypto analyst, doesn’t at all look like a “bull market.”

When comparing the price action against past bull cycles, the claim makes sense. However, another perspective on the same take could say otherwise. Here’s a look at the two conflicting theories so you can decide for yourself: does the current price action look like a bull run?
Details: https://www.newsbtc.com/2020/09/10/analyst-latest-bitcoin-rally-doesnt-look-like-a-bull-run/

1054
Ethereum has had a remarkable year thanks to the DeFi explosion. Not since the ICO boom has the crypto asset seen this much demand, development, and network activity. And despite the recent plunge in Ethereum price, addresses have only grown, reaching a new all-time high and growing over 25% in 2020 alone.

Here’s why Ethereum has experienced such unstoppable growth, and why it is likely sustainable for the long-term, unlike the fallout from the initial coin offering fundraising phase.
Details: https://www.newsbtc.com/2020/09/10/defi-effect-ethereum-network-grows-25-in-2020-most-addresses-profitable/

1055
Bitcoin price may be down compared to it was just weeks ago, but it is not out. Bulls are fighting hard and have been keeping $10,000 as unbreakable on the way back down as it was on the way up.

With each touch of the key resistance turned support, the cryptocurrency’s price action more closely resembles that of a Wyckoff accumulation schematic. If that’s the case, the crypto asset is being absorbed by smart money and whales, and mark up could come next.
Details: https://www.newsbtc.com/2020/09/10/this-accumulation-pattern-suggests-bulls-are-on-the-right-side-of-bitcoin/

1056
Bitcoin is currently showing some serious signs of strength. The benchmark cryptocurrency has flown past its $10,400 resistance and is now en route to setting fresh weekly highs.

This marks a notable rebound from lows of $9,900 that were set on multiple occasions throughout the past couple of weeks.

The buying pressure between this level and $10,000 was rather significant, as it was defended on multiple occasions by buyers keen on maintaining BTC’s mid-term market structure.
Details: https://www.newsbtc.com/2020/09/10/bitcoins-recent-drawback-may-mark-a-bullish-retest-as-bulls-defend-10000/

1057
The recent rise in Ethereum and bitcoin pushed ripple higher above the $0.2350 resistance. It seems like XRP price formed a decent support base above $0.2300 before starting the current recovery wave.

There was a break above the $0.2380 resistance and the price even climbed above $0.2400. The upward move was initiated after there was a break above a key bearish trend line with resistance near $0.2360 on the hourly chart of the XRP/USD pair.
Details: https://www.newsbtc.com/2020/09/10/ripple-xrp-just-saw-key-technical-breakout/

1058
After forming a support base above $330, Ethereum started a strong recovery wave. ETH price broke the $340 and $350 resistance levels to move into a positive zone.

There was a close above the $350 resistance and the 100 hourly simple moving average. The upward move gained pace after there was a break above a major bearish trend line with resistance near $340 on the hourly chart of ETH/USD.
Details: https://www.newsbtc.com/2020/09/10/ethereum-rallies-10/

1059
Recently, there was another test of the $10,000 and $9,900 support levels by bitcoin price against the US Dollar. BTC remained well supported and the bears failed to push the price below the $9,850 swing low.

It started a decent upward move and surpassed the $10,150 and $10,200 resistance levels. There was also a close above the $10,200 level and the 100 hourly simple moving average. It is now trading near the $10,450 resistance, where the bulls seem to be struggling.
Details: https://www.newsbtc.com/2020/09/10/bitcoin-near-key-inflection-zone/

1060
Bitcoin has faced a strong correction over the past few days that has brought it over 20% below its year-to-date highs. Even still, the leading cryptocurrency has been garnering traction in the mainstream.

This much was made clear just recently when Adam Curry, a media personality and podcaster, took to the Joe Rogan Experience. While he was not the first to have mentioned Bitcoin on the show, Curry talked extensively about why Rogan (and his viewers/listeners) should own some BTC.
Details: https://www.newsbtc.com/2020/09/10/bitcoin-was-shilled-in-front-of-millions-of-viewers-joe-rogan-podcast/

1061
Bitcoin investors have been accumulating the digital asset at a rapid pace throughout the past several days and weeks, with the cryptocurrency seeing massive inflows of capital in August while its price remained somewhat stagnant between $11,000 and $12,000.

This trend is elucidated by the massive upticks in exchange volume seen throughout the month, pointing to the injection of new capital and new investors into the market.

It is important to note that data regarding the number of addresses holding over 1 BTC shows that investors have been accumulating to join the “wholecoiner” club over the past few months.
Details: https://www.newsbtc.com/2020/09/10/the-number-of-bitcoin-wholecoiners-just-hit-a-fresh-all-time-high/

1062
Ripple News & Updates / : Why XRP Could Soon Outperform Bitcoin And Ethereum
« on: September 10, 2020, 10:16:50 PM »
XRP has become among the more somber stories of the crypto market since the bubble burst. The once third-ranked asset has fallen down the list of top crypto assets, due to nearly three years of underperformance compared to the rest of the market.

However, that underperformance could turn into an underdog story, where Ripple roars past Bitcoin and Ethereum and beats the rest of the crypto space. Here’s what technicals are possibly saying about a powerful new XRP uptrend.
Details: https://www.newsbtc.com/2020/09/10/underdog-story-why-xrp-could-soon-outperform-bitcoin-and-ethereum/

1063
The Ethereum-based decentralized finance coin SUSHI has surged over 15% in the past 24 hours after a brutal retracement from highs above $10.00.

The coin, which is the native governance token of the SushiSwap exchange, now trades at $2.76 as of this article’s writing.
Details: https://www.newsbtc.com/2020/09/10/ethereum-defi-coin-sushi-surges-15/

1064
XRP has been moving in close tandem with Bitcoin and the aggregated crypto market throughout the past few days and weeks, with the crypto largely consolidating within the mid-$0.20 region as it continued finding support in the lower-$0.20 region and resistance around $0.30.

This price action has done little to offer insight into the cryptocurrency’s near-term outlook, and it does appear that where it trends next will depend largely on where Bitcoin and other major altcoins trend in the near-term.
Details: https://www.newsbtc.com/2020/09/09/this-single-chart-suggests-xrp-may-rally-up-towards-0-50/

1065
Bitcoin price has fallen by over $2,000 from its 2020 high and is currently struggling to hold support above $10,000. Or is the other way around, and bulls have been valiantly defending the key support level on daily timeframes?

Zooming out further shows yet another critical retest in progress, and one that could potentially last the entire month of September  – a month that has historically been red for the cryptocurrency.
Details: https://www.newsbtc.com/2020/09/09/lucky-number-7-bitcoin-bulls-defend-10000-support-a-week-straight/

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