Bears Will Be Washed Out Of Bitcoin If This Happens
Bitcoin’s narrow price movement over the past week contradicts a much different development in the futures market. According to Axel Adler Jr., an analyst at on-chain analytics platform CryptoQuant, a sharp rise in the long liquidation dominance metric could set the stage for a significant shift in sentiment that may completely wash out bears from…
Texas Just Backed Bitcoin: Best Crypto to Buy as States Embrace $BTC Reserves
On Saturday, Texas became the first-ever US state to commit public funds towards the purchase of Bitcoin. Governor Greg Abbott signed Senate Bill 21 (SB21), officially authorizing the establishment of the Texas Strategic Bitcoin Reserve. Keep reading to learn more about this development, increasing investor and government confidence in Bitcoin’s long-term potential, and what’s the…
Bitcoin Closes Daily Price Below 50MA – Final Bearish Signal?
Bitcoin (BTC) continues to experience an extensive price correction losing over 7% of its market value in the last month. The flagship cryptocurrency has struggled to regain its bullish form after setting a new all-time high leading to speculations of a potential market top. Interestingly, popular market analyst and the host of The Wolf of…
$312M ETH Transfer Triggers Sell-Off Fears As Ethereum Price Crashes Below Support
Blockchain tracking service Whale Alert posted a major alert showing that 129,392 ETH was transferred from an unidentified wallet to Coinbase as the Ethereum price tumbled. On-chain data from Etherscan shows that this particular wallet had not been involved in the transfer of large ETH volumes since November 2022. This sudden reactivation and deposit into…
$96k Or $144k? Bitcoin Mayer Multiple Chart Price Target Options
Bitcoin (BTC) has registered a slight uptick in the last few hours after US President Donald Trump announced a successful airstrike on Iranian nuclear facilities, a move aimed at de-escalating rising tensions in the Middle East after several days of conflict between Iran and Israel. Despite the short-term price reaction, BTC remains in a corrective…
Bitcoin Price Dives as War Escalation Sparks Market Sell-Off
Bitcoin price started a fresh decline below the $103,000 zone. BTC is now consolidating and might struggle to recover above the $103,500 resistance. Bitcoin started a fresh decline below the $103,000 zone. The price is trading below $102,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance…
Ethereum Price Slides 10% — Market Sentiment Turns Cautious
Ethereum price started a fresh decline below the $2,500 zone. ETH is now consolidating losses and might attempt to recover above the $2,250 resistance. Ethereum started a fresh decline below the $2,350 level. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance…
Bitcoin Crashed Below $100,000 Amid US Airstrikes On Iran And Market Sell-Off
The market’s leading crypto, Bitcoin (BTC), dipped below the $100,000 mark for the first time in over a month on Sunday, following US airstrikes on Iran as conflicts in the middle east continue to escalate. This decline, which saw the Bitcoin price drop approximately 4% to around $99,300, coincided with a broader market sell-off, with…
XRP Price Finds Some Relief, But Faces Headwinds on The Path Up
XRP price started a fresh decline below the $2.00 zone. The price is now correcting losses and faces resistance near the $2.050 level. XRP price started a fresh decline below the $2.050 zone. The price is now trading below $2.020 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with…
All Signs Point To A Bitcoin Liftoff—Here’s What The Experts See
Based on reports from analyst Moustache, Bitcoin may be gearing up for its next big move. The world’s largest cryptocurrency climbed above $105,000 for the second time this week. At press time, it was trading at nearly $104,000, up 0.50% over the past 24 hours. Historical RSI Breakouts Could Signal New Push According to the…