Altcoins see a 35% bounce after Bitcoin reclaims $43,000
LPT, COTI and AXS lead altcoins higher after ETH hits $3,000 and Bitcoin bulls take control of $43,000.
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LPT, COTI and AXS lead altcoins higher after ETH hits $3,000 and Bitcoin bulls take control of $43,000.
The technical analysis tool is popular amongst crypto traders hopeful of securing an insight in the markets psyche.
Fear over the Evergrande situation weighed heavily on equities markets and Bitcoin price, leading traders to expect a bounce in the $42,000 to $38,000 zone.
The analogy appeared in anticipation that Bitcoin could post a 2017-like bull run, in which the price rose by more than 1,900%.
The rush to so-called safe-haven cryptocurrency appears despite concerns that the Federal Reserve would taper its $120 billion a month asset purchasing program.
Analysts highlight the formation of a bull flag on the Bitcoin chart and suggest that the price could continue to consolidate until a major catalyst moves the market.
Bitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant…
The Nasdaq-listed company recently announced it added another 5,050 Bitcoin to its coffers for about $242.9 million.
Despite Bitcoin struggling mightily over the last week or so, a price target of $100,000 looks quite realistic for the digital asset.
The chief investment officer of the world’s largest asset manager, Blackrock, says he could see bitcoin going up significantly. “I like assets that are volatile that have upside convexity,” he…