Tron’s native token TRX was among the top gainers on Tuesday as its price jumped by up to 11.38 percent.

The TRX/BTC exchange rate settled an intraday high at 345 sats before correcting lower ahead of the New York trading session. The move downhill appeared in contrast with Bitcoin’s slow and sideways action above $10,000. So it appears, traders decided to move into alternative assets after finding no intraday opportunities in the Bitcoin market.
Details: https://www.newsbtc.com/2020/09/08/boring-bitcoin-sends-trons-trx-up-by-17-in-three-days-whats-next/

Bitcoin has collapsed by over $2,000 since the highs of last week. Even after a slight bounce at the $9,800 lows, BTC remains 20% below those highs.

Bitcoin’s inability to capture key resistances in the $10,500-11,000 region has left some analysts concerned. The concerned say that consolidation under $10,500 may trigger a move to the $9,000s, maybe even lower. Their sentiment is based on the fact that $10,500 has marked three separate BTC rallies over the past year, meaning it’s a level of importance.

A simple fractal, though, suggests that the price of the leading cryptocurrency has bottomed.
Details: https://www.newsbtc.com/2020/09/08/this-simple-fractal-indicates-bitcoin-has-bottomed-after-2000-drop/

After forming a strong support base above $310, Ethereum started a decent recovery. ETH price recovered above the $320 and $335 resistance levels to move into a short-term positive zone.

There was a break above the 50% Fib retracement level of the downward move from the $360 swing high to $323 swing low. More importantly, there was a break above a major bearish trend line with resistance near $351 on the hourly chart of ETH/USD.
Details: https://www.newsbtc.com/2020/09/08/ethereum-above-100-sma-could-trigger-rally/

After a parabolic rally, Ethereum’s decentralized finance (DeFi) is starting to go semi-viral on China.

This comes after months of a number of commentators noting on Twitter that DeFi hasn’t been appealing to Chinese investors due to a lack of Chinese education and user interfaces.

Analysts are optimistic that the introduction of new markets into the decentralized finance space will spur even more growth, both in terms of these protocols and in the values of coins like Ethereum.
Details: https://www.newsbtc.com/2020/09/08/data-despite-ethereum-altcoin-crash-defi-is-going-viral-in-china/

Bitcoin price recently collapsed from $12,400 to under $10,000 after the cryptocurrency presented a near-perfect distribution pattern.

If the pattern continues, the market could form a massive head and shoulders top, with a price target of significantly lower.
Details: https://www.newsbtc.com/2020/09/08/bitcoin-distribution-could-lead-to-another-arm-and-a-leg-down/

XRP, like other major crypto assets Bitcoin and Ethereum, suffered a powerful collapse this week that turned sentiment from extreme greed to fear in a snap.

The altcoin called Ripple fell by over 30% from the 2020 high to the local low before rebounding. The fall also took the price per token to the very bottom of weekly Kumo support on the Ichimoku indicator – a potentially bullish signal that in the past led to all-time highs. Losing the cloud, however, could signal stormy days ahead for Ripple price.
Details: https://www.newsbtc.com/2020/09/07/xrps-30-decline-falls-to-bottom-of-cloud-stormy-days-ahead-if-support-fails/

As tempting as a Bitcoin sandwich may sound, its a stressful moment for investors who find the cryptocurrency at a pivotal level.

The asset is currently holding at $10,000, but two targets Bitcoin is sandwiched between mean this level won’t last long – one way or the other. But which way will it be?
Details: https://www.newsbtc.com/2020/09/07/bitcoin-is-sandwiched-between-two-important-short-term-targets/

After such a strong break of $10,000 and surge to above $12,000, Bitcoin investors are shocked to be back again at the key level rather than onward to more new highs. But with $10,000 acting as such strong resistance for so long, the market may be retesting this critical zone to confirm it as support.

At the same time, Bitcoin is retesting downtrend resistance as support and was rejected from a multi-year trend line, now acting as resistance. With the cryptocurrency at such a crossroads, what does passing beyond any of the clear lines drawn in the sand mean for the trend ahead?
Details: https://www.newsbtc.com/2020/09/07/bitcoin-crossroads-made-clear-by-two-remaining-lines-in-the-sand/