Bitcoin-prisforutsigelse: BTC / USD-hover over $ 11,300 kritisk støttesone, forberedende til oppsving

BTC / USD er i en rekkevidde mellom $ 11 200 og $ 11 450. Denne prisklassen har blitt brutt to ganger i løpet av en prisstigning. Dessverre har salgspresset på de siste høydepunktene presset BTC tilbake til områdebundet sone. I dag handles BTC til $ 11.405,60 i skrivende stund.

Motstandsnivåer: $ 10 000, $ 11 000, $ 12 000
Støtte nivåer: $ 7000, $ 6000, $ 5000

Bitcoin (BTC) har vært begrenset i en prisklasse siden 10. oktober. Den 12. oktober brøt oksene den områdebaserte sonen da prisen nådde en høyde på $ 11 700. Imidlertid presset salgspresset på den siste tiden Bitcoin Bank til den områdebaserte sonen. I går nådde kongemynten $ 11,564 høy. Bjørnene var til stede da mynten falt til den avgrensede sonen.

Den nylige prisaksjonen forklarer at mynten mangler kjøpekraft på et høyere prisnivå. Med andre ord tiltrekkes høyere prisnivåer av salgspress fra kortsiktige handelsmenn. Poenget er at mynten alltid faller over de kritiske støttesonene på $ 11 100, $ 11 200 og $ 11 300. Oppadgående bevegelse vil fortsette så lenge prisen er over disse nivåene. Dessuten vil det bullish momentumet komme tilbake hvis kjøpere skyver BTC over $ 11.500 høye. Mynten vil ta fart og gjenoppta en oppadgående trend.

Bitcoin (BTC) indikatoranalyse

Kryptoen er for tiden under 80% -området for den daglige stokastiske. Mynten er utenfor den overkjøpte regionen ettersom selgere dukker opp for å presse prisene nedover. Det er i en bearish trend sone. Prisen retracement har nådd bearish utmattelse over $ 11,300 høy. Imidlertid, hvis prisen trekker seg tilbake og går under SMA-ene, vil nedtendensen gjenopptas. Dette er lite sannsynlig.

Bitcoin-prisen svever fortsatt over de kritiske støttesonene. I følge Fibonacci-verktøyanalysen vil Bitcoin sannsynligvis gjøre et ytterligere oppadgående steg til de forrige toppene. Den 12. oktober opptrenden nådde BTC høyden på $ 11 609, men mynten ble frastøtt. Det tilbaketrukne lyslegemet testet 78,6% Fibonacci retracement nivå. Dette gir inntrykk av at mynten vil nå nivå 1.272 Fibonacci-utvidelse. Med andre ord vil mynten nå nivå $ 12 067,20, men vil møte en ny avvisning. Prisen vil ha en innledende retracement, deretter etterfulgt av en ny opptrend.

Update should make 51 percent attacks more difficult

Vitalik Buterin and his employees want to get the risk of hacker attacks on the network under control with an update. An algorithm should be able to distinguish „honest“ from „suspicious“ block suggestions.

With an updateEthereum Classic should become more secure

Modified Exponential Subjective Scoring (Modified Exponential-Subjective Scoring: MESS) will make it more difficult for hackers to carry out successful 51 percent attacks. You would have to use significantly more computing power (hash rate) to replace blocks that have already been „mined“.

With the Arbismart wallet and arbitrage trading platform, thousands of investors earn passive income (10.8-45% per year). The fully automated crypto arbitrage platform offers low risk, high return investments. ArbiSmart is EU licensed and regulated.

Ethereum Classic is a platform that is based on the proof-of-work principle. The miner, who digs the next block with his computing power, sends the success message to the entire network. All other miners can easily check whether they have complied with the network-specific rules. If this is the case (ergo the majority agrees), the blockchain is expanded to include the same block. With Ethereum Classic, this happens every 13 seconds.

In a 51 percent attack, however, hackers bypass the network check by using more than half of the computing power themselves. So they are both producer and inspector, which opens up a number of possibilities for them. The more energy you invest in computing power, the more blocks you can rewrite in the blockchain: With Ethereum Classic you can manipulate transactions that have already been made at will. In the case of blockchains with many miners (and thus a high hash rate), however, a 51 percent attack is almost hopeless.

Ethereum Classic has security issues

However, it is not impossible. In the recent past, 51 percent attacks have plagued the network relatively often . Isaac Ardis, one of the main developers of the network, believes that such attacks will always be possible on any blockchain. The MESS principle now makes this more difficult. Reorganizing the most recently mined blocks can be helpful. However, if a reorganization reaches back dozens, hundreds or even thousands of blocks, it is noticeable. If blocks were created on the Ethereum Classic blockchain more than ten minutes ago (i.e. they are more than 46 blocks ago), a mechanism now takes effect.

Depending on the number of blocks, the required computing power increases by a factor between 1 and 31 so that the network considers the reorganization to be legitimate. So if a hacker wants to change blocks, he now has to muster significantly more computing power than before. It is becoming increasingly unlikely that the effort will still be worth it.

Compatibility with multiple software versions

No hard fork, i.e. a split in the blockchain, is necessary for the implementation. If an attack takes place, miners using the update will reject the attacker. Old version miners will be at the mercy of the attack. However, the developers of Ethereum Classic assume that hackers only act in the short term and opportunistically. Therefore, righteous miners can rejoin the blockchain later.

The network is the „original“ of the blockchain published in 2015 by Vitalik Buterin. After a hacker attack, however, it split: Today’s larger Ethereum is the name of the younger blockchain, while on Ethereum Classic the unchanged history of the network can be traced back to the beginning. If Ethereum goes over to the proof-of-stake principle, another hope, some miners will come to the original. This would also increase the security of this blockchain.

WLEO project hacked for $42,000 through Uniswap

The WLEO contract was hacked on Sunday night (11), resulting in $42,000 in stolen funds. The hacker stole Ethereum (ETH) from the Uniswap pool by generating WLEO for himself and exchanging it for Ethereum.

„From what I’ve heard, this happened to many other pools at Uniswap. The contract/address to issue the token is exposed and then someone takes the opportunity to generate infinite tokens and pull the Uniswap pool to steal the Ethereum,“ Khaleel Kazi, founder of the LEO Finance community, said in a report on the hack.

WLEO is a weapped version of the LEO token, which runs in the Hive’s blockchain. The price of WLEO is tied to the LEO token, but as it works in the Ethereum blockchain, it can be used in smart contracts and has access to the wider Ethereum ecosystem. The price of LEO has dropped by approximately 60% as a result of the hack – but has since recovered to its current price of $0.146.

While the hack was taking place, WLEO users were quick to notice false transactions taking place and responded by quickly removing 50% of the pool’s liquidity within an hour. Within hours, more than 75% of the liquidity was removed from the pool, limiting the returns the hacker could have.

Also read
96% of total DeFi transactions take place on Ethereum
US$ 1.5 billion in bitcoin are locked in tokens on the Ethereum network
Ethereum transaction fees fall 85% three weeks after historical maximum
Since then, the hacker, whose address is known, would have transferred Ethereum to Binance using anonymous accounts, making it almost impossible to trace the stolen funds.

„Binance has been contacted, but there may be nothing they can do, as the hacker seems to have used accounts without kyc to receive ETH,“ added Kazi.

It is still unclear how the hacker was able to carry out the theft. According to Kazi, the exploit doesn’t seem to be the WLEO oracle fault, which allows the blockchain to interact with real world data or out of jail.

„This reduces to just a few possibilities of how they exposed the WLEO contract. We’ll disclose more details as we continue to investigate and restrict further,“ Kazi said.

Key Bitcoin price metrics are found at a minimum of 10 weeks after traders closed their long positions

Bitcoin derivatives data shows that professional traders increased their short positions in the last three weeks.

October is just beginning and the price action in the cryptomoney markets has been exciting and worrying. Bitcoin (BTC) has experienced a strong rejection of USD 10,900 and a quick low of USD 10,200 during the past week.

Abra’s CEO says that now more than ever he’s more optimistic about Profit Secret and if buyers use more leverage than sellers, the financing rate will be positive and buyers will pay. The opposite is true when sellers of future contracts demand more margin.

Circular saw price action has been the norm for the past three weeks and is quite scary for both up and down traders. Regardless of the reason behind these moves, the recent flow of bad news regarding the crypto space clearly scared off investors.

In the last two weeks, KuCoin was hacked for $150 million, BitMEX was accused of multiple legal violations, John McAfee was arrested and the UK’s main financial watchdog decided to ban exchanges of crypto derivatives. This was enough to break the current 30-day correlation with the S&P 500 and also indicates that market sentiment may have changed.

Would Joe Biden be better for the economy?

There were hardly any weeks when the price action differed between the two markets. The few exceptions that exist were the first week of September and over the course of the last six days.

To better understand whether this divergence is caused by the growing interest in cryptomone or the lack of it, traders need to be aware of the volume traded.

BTC 7-day average volume

The volume has been decreasing in the main exchanges, this is difficult to paint as something positive. This is clear evidence of investor interest, at least at current levels.

3 key indicators point to a recovery in the price of Ethereum

We should not automatically conclude that traders are bearish solely because of volume metrics. For this situation to occur, both buyers and sellers must be unwilling to trade at the current price range.

The funding rate shows that short traders feel safe

Excessive leverage from both sides will be reflected in the funding rate. This happens because every perpetual futures contract has margin usage fees built in.

The funding rates are generally changed every 8 hours to ensure that there is no imbalance in exchange risk and although the open interest of buyers and sellers coincide at all times, the leverage can vary.

Bitcoin perpetual swaps 8-hour funding rate

8-hour funding rate for Bitcoin perpetual exchanges.
After a brief rebound in early September, the funding rate has remained flat or slightly negative. A negative 8-hour rate of 0.05% is equivalent to 1% per week and, although it’s reasonably high, it’s not enough to make traders close their positions.

Bitcoin’s price charts point to a double-dip and a relief rally at $10,800

This does not necessarily mean that investors are bearish, but it does indicate that sellers of futures contracts are using more leverage.
Professional traders are neutral in the short term

The data provided by an exchange highlights the net positioning of long and short traders. By studying the position of each client on spot, perpetual and futures contracts, a clearer picture can be obtained of whether professional traders are leaning upwards or downwards.

That said, there are occasional discrepancies in methodologies between different exchanges, so viewers should monitor changes rather than absolute numbers.

OKEx clients BTC long/short ratio

As the chart above shows, OKEx traders have been on a net short position since September 14th. This happened while BTC was trying to break the USD 10,500 resistance. Assuming that these traders opened short positions near that level, the maximum loss faced so far was 7%.

To evaluate whether this is an isolated or exchange-related move, we have to compare data from other exchanges.

 

Bored by the price of Bitcoin, traders chase profits in altcoin and DeFi tokens

The price of Bitcoin moves sideways stuck under $11,000, prompting traders to look for greener pastures in altcoins and DeFi tokens.

In recent weeks, the price of Bitcoin (BTC) has remained constrained within a $850 wide range, recently resuming the trend of increasing lows on the daily chart.

Despite this, the $11,000 remains an obstacle that the asset is struggling to overcome, but the upside is that the altcoins are starting to recover some of the heavy losses incurred lately.

Perhaps, now that the CME’s Bitcoin options have closed without much turbulence and a new month is about to begin, the price of Bitcoin could move up and finally gain resistance at $11,000.

The weekly chart shows strong support in the range between $10,000 and $10,500, and as reported by Cointelegraph collaborator Rakesh Upadhyay:

„Bullishers have systematically bought the contractions in the vicinity and below $10,000, and now this level of great psychological importance could act as a basis for the launch into the next stage of the bullish trend.“

As the chart shows, the $11,000-11,200 zone has proved difficult to overcome and risk-averse traders are likely to be waiting for the $12,000 conversion from resistance to support before opening new positions.

The $10,000 level resisted as strong support following the double low of $9,800 traced by the price. However, a new visit to the high-volume VPVR node near the $9,500 remains a possible outcome if BTC breaks the pattern of the rising lows by falling below the upward trend line at $10,100.

This scenario seems unlikely considering that in the last two weeks the bullish have defended the $10,000 level with considerable determination.

In essence, not much has changed and the price of Bitcoin simply continues to rise slowly. In case of a breakout with sustained buying pressure from the bullish, Bitcoin Storm could break the resistance at $11,000 and try a higher high above $11,400.

As can be seen in the daily chart, on September 3rd the Bitcoin price lost 13.3% from $11,400, and the high volume VPVR node at this level suggests that it will now act as resistance.

While BTC continues to consolidate, altcoins are moving moderately upwards. At the time of writing, Polkadot (DOT) rose 4.99%, OMG Network (OMG) gained 25.18% and Maker (MKR) 6.09%.

According to CoinMarketCap data, the total market capitalization of cryptocurrency is currently $346 billion, and Bitcoin’s dominance index is 57.5%.

Les graphiques historiques de Bitcoin (BTC) racontent une histoire sur le mois de septembre alors que l’ETH, LTC, XRP et ZCash partagent cette particularité

Première et plus grande cryptocouronne par capitalisation boursière, le bitcoin (BTC) a commencé la semaine sur de mauvaises bases. Dimanche, lors d’une vente massive, le prix du BTC a été rejeté, passant d’un maximum de 11 081 dollars à un minimum de 10 180 dollars lundi.

Déclenchée par le renforcement de l’indice des devises du dollar américain (DXY), la bourse des valeurs mobilières a baissé, de même que les marchés des matières premières et des actions. Cette baisse s’est poursuivie jusqu’à ce que la CTB rencontre un fort soutien à 10.135 dollars. En conséquence, la CTB a atteint un sommet intrajournalier de 10 795 dollars jeudi, avant de battre en retraite.

À l’heure actuelle, Bitcoin (BTC) se négocie légèrement à la baisse, à 10 714 dollars. Le mois de septembre a été mouvementé pour Bitcoin, en particulier le 3 septembre, lors d’un krach boursier, BTC a cédé à la baisse en passant des plus hauts de 12 086 $ à des plus bas de moins de 10 000 $. Depuis lors, elle a évolué dans cette fourchette, perdant 10 % au cours des trois dernières semaines pour effacer tous les gains du mois d’août.

Les graphiques historiques de Bitcoin (BTC) racontent une histoire à propos de septembre

Les graphiques historiques de Bitcoin révèlent que dans 7 cas sur 11 à partir de 2010, à l’exclusion de septembre 2020 qui n’est pas encore conclu, Bitcoin a perdu la traction en septembre.

Dans une récente compilation de données par Arcane research, la CTB a chuté de 9 %, 6 % et 14 % en septembre de 2017 à 2019. Bien qu’il soit difficile de conclure cela statistiquement car les données de 2010 et 2016 sont peut-être moins pertinentes en raison de la moindre popularité de Bitcoin et des plus petits volumes de transactions, mais l’histoire semble rimer.

Le selloff de 2018 a été noté comme ayant commencé en octobre après que la BTC ait été négociée latéralement en septembre. En septembre 2017, la BTC a été engloutie dans une tendance baissière qui a brisé une longue série de barres vertes, alors qu’en 2019, elle s’inscrivait dans une baisse à long terme par rapport au pic atteint en juin.

Cette année 2020, de récents rapports ont indiqué que septembre a été le mois le plus important de transfert de fonds vers les bourses depuis mars. L’afflux de fonds vers les bourses représente directement une augmentation de la pression de vente sur le marché.

Tableau Bitcoin IOMAP

Pendant ce temps, la vente de septembre 2020 a été intensifiée par les effets post-pandémiques. Le modèle IOMAP de IntoTheBlock révèle que le cheminement de Bitcoin à 12 000 dollars sera difficile.

La capitalisation totale du marché de la cryptographie a plongé en tandem, passant d’un sommet de 393 milliards de dollars le 1er septembre à 327 milliards de dollars avant de rebondir légèrement à 337 milliards de dollars jeudi.

ETH, LTC, XRP et ZCash partagent cette particularité

L’ETH, LTC, XRP et ZCash partagent cette particularité, comme en témoignent les similitudes de leurs prix depuis 2017. Le Litecoin se négocie actuellement à 46 dollars alors qu’à la mi-2017, le Litecoin (LTC) se négociait à 33 dollars, en baisse par rapport à son ATH de 365 dollars.

Ethereum (ETH) s’est négocié à 340 dollars, soit un peu moins que son prix actuel de près de 355 dollars. En 2017, le XRP de Ripple s’est échangé à 0,27 $ alors que son prix récent de 0,24 $ est juste un peu en dessous de ce chiffre.

Zcash (ZEC), au contraire, s’est échangé à 331 dollars à l’époque. Son prix récent de 55 $ est loin de ce chiffre. Bien qu’il soit difficile de dire si ces cryptos atteindront à nouveau ces sommets, il est peut-être faux de prétendre que l’histoire a été juste et qu’au fil des ans, les achats se sont faits dans le cadre de la deuxième et de la troisième chance.