Bitcoin sentiment analysis shows improvement from extreme fear to neutral within the previous month. Moreover, Bitcoin’s correlations with other crypto improved during the timeframe. That way, ADA, SHIB, and BNB highlighted bullishness on their respective short-term technicals. However, the overall directional bias requires improvements to support sturdy upside rallies. Cardano (ADA) Cardano experienced a move…
The bull cycle from $37,776 trend-line support pushed Bitcoin prices towards the monthly resistance at $45,000. Remember, the bellwether crypto has encountered many rejections in this area for nearly three months, approaching it for the 5th time. Do buyers have the needed strength to reclaim the value area? Bitcoin price has climbed within an imminent…
Avalanche (AVAX) had its price coiling up for more than two months before breaking out of the technical formation. Though the breakout is bulls, it encounters obstacles that threaten to erase all gains acquired over the previous week. Market players should concentrate on this week’s AVAX action for what the alt’s future holds. Threats Persist…
The broad crypto market sees strength, registering a 5% recovery within the past day. A surprise move had Bitcoin bouncing back 7%, climbing past the $41.5K mark. The ongoing uptrends come after the market saw massive volatility last week. It appears the market is responding well to the coming executive order by the Biden administration….
Bitcoin saw extended drops beneath the support levels of $40K and $39.5K. The price hovers below $40K and 100-hour SMA. The hourly chart shows a vital bearish line merging with $39.5K resistance (Kraken data). The pair might see higher corrections, but $40K might limit further upside. Bitcoin downswings saw the coin losing the vital support…
The past fourteen days saw GALA forming a consolidation phase near $0.18. Subsequently, the alternative coin broke past the highs of $0.23, establishing a short-term bullish structure. The shift in market sentiment had GALA highlighting bullishness on its respective charts (in the near term). Will buyers drive the token higher? GALA One-Hour Chart GALA was…
The cryptocurrency market continued with upward movements. The world’s oldest digital coin, Bitcoin, gained more than 3% over the past day, trading around $44,811.17. Let us check the day’s losers and gainers. The global crypto market capitalized gained 1.15% within the past 24 hours towards $2.02 trillion. Meanwhile, trading volume dropped by 24.77% to $77.78…
DOT price lost over 5% within the last 24 hours, moving to the lows of $21.21. Trading volume surged around 25%, confirming the bearish case. Sellers set stop-losses at today’s peak of $23, eyeing profit-taking. Polkadot (DOT) remains largely bearish today as the alternative token lost more than 5%, hitting low levels of $21.21. The…
Cardano records a lucrative recovery rate amid a 20% rally over the last ten days. Transaction and technical data indicate a temporary surge to $1.26 A 24hr candle close beneath $1 will cancel the bullish case with further declines. Cardano (ADA) presents bullish signs. However, the resulting uptrend will likely persist because of the many…
CRO secures early footing following Tuesday’s upswings. A decisive move past $0.60 will see Crypto.com exploring November’s all-time highs. Crypto.com is a blockchain platform supporting crypto trading and other cryptocurrency-related services. Moreover, users can utilize the site to earn, borrow, and spend cryptos. The network has CRO as its native coin. Crypto.com Brand Goals Indeed…
BTC remained within a bearish territory beneath the $38K and $36.5K support zones. The price attempted a recovery, targeting $36.5K and 100hr Simple Moving Average. BTC/USD one-hour chart shows a break past the pessimistic trend-line with resistance around $35,450. Bitcoin should overpower the levels at $38K resistance for a massive upside move. Bitcoin (BTC) extended…
Most top alt, including DOGE, MATIC, LUNA, and DOT, gained more than 15% over the week. Meanwhile, Near Protocol saw its native coin NEAR surging over 35% as the Layer1 network witnessed intensified competition. Bitcoin noted a tide shift this week, rising past the psychological level of $42,000. That comes after the leading crypto lost…
VeChain and Tron broke out of reversal patterns as Bitcoin’s 4hr RSI secured a close past the midline after hovering beneath the level for fourteen days. As VET reclaimed the critical level at $0.076, Tron crossed the short-term 20-Simple Moving Average obstacle. The broad market flashed bullish moves over the last day. However, more volumes…
Though Bitcoin lost more than 10% in January’s first week, it is not the only digital token that seemed to start the year on a ‘wrong’ foot. Solana, one of 2021’s best performers, appeared to undergo a somewhat challenging time. The downbeat in the overall crypto space dragged SOL price down on the charts. That…
Kazakhstan saw protests recently following increasing electricity costs. The nation’s leading telecommunications provider halted internet access. BTC mining hashrate declined by 13.4% after the internet shutdown. Reports indicate Kazakhstan saw an internet shutdown on 4 January after fuel protests. That disrupted communications in the country on 5 January. Though the nation’s reigning cabinet resigned, shutting…
BTC launched a consolidation phase inside the $48,500 – $48,000 resistance range. Bitcoin’s price wavers beneath $48,000 and 100-hourly Simple Moving Average. The hourly chart indicated an incoming connecting bearish trend-line with resistance at $47,600 (Kraken data feed). Failure to rise past the $48,000 obstacles might translate to colossal plummets. Bitcoin struggles to reclaim price…
Eswar Prasad, a professor and author at Cornell, has disclosed that the primary cryptocurrency, Bitcoin, may not endure for long. The academic who authored a book on the digital asset revolution disclosed this in an interview with CNBC. Ever since it hit its current ATH in October, Bitcoin has been going through a bearish spell…
The UK’s MPs (Members of Parliament) have requested the FCA (Financial Conduct Authority) to restrict the utilization of the terms “investment” and “invest” by crypto companies for promotional objectives. As per a report published on 9th December by The Times, it was informed by the treasury select committee’s MPs to Nikhil Rathi (the chief of…
Crypto market conditions may not be looking as sharp as they should be while the year is about to reach its eventual end. However, the chances of flipping the ordinary-looking conditions into ‘extra-ordinary’ ones need unusual circumstances such as a ‘miracle’. Bitcoin commenced this week with a price tag of US$ 51,000 plus while only…
In the words of Michael Saylor, nothing can stop Bitcoin is becoming the most valuable asset in the times to come. He is positive that a day will come when a million-dollar wouldn’t be enough to buy a single piece of Bitcoin. In fact, the purchase would have to pay at least US$ 6 Million…
The Federal Bureau of Investigation took up to $2M value in digital assets connected to ransomware outbreaks carried out by Aleksandr Sikerin (a Russian citizen). The respective criminal is well-known for having an attachment with REvil (a notorious gang involved in cybercrimes having assaulted numerous businesses across the United States during recent times. REvil comes…
Nayib Bukele is making headlines once again. Unsurprisingly it is for recent remarks against his administration’s detractors concerning their Bitcoin stance. The leader who likes to call himself the CEO of El Salvador took to Twitter to make the bold claim that fiat currencies are finished. Details Of The Tweet The President explained that the…
The topic of a crypto advertisement on social media platforms has been widely discussed this entire year. The fundamental instance of this took place during the previous months as Google modified its policy regarding crypto ads, which was a gesture to indicate a somewhat addition in the favorability for crypto venues advertising on the channels…
What is the fair value of Bitcoin? Pegging the price of an asset is based on supply and demand. In the world of equities, fundamental analysts use price-to-earnings ratios and price-to-sales ratios to provide investors with a “fair value.” Bitcoin is a digital coin. Additionally, Bitcoin has an interest rate. Some trading platforms allow you…
The price of Bitcoin (BTC) is currently experiencing a dip as its price has dived by 1.57% in the past 24-hours. Following the dip, BTC’s price is now at $46,443.71. Surprisingly, BTC has managed to make a recovery after experiencing a dip going all the way down to $45,601.17 in midday trading. However, its price…
