Bitcoin Bottom In? 2 Key Resistance Zones To Monitor – Analyst
Popular market pundit Michaël van de Poppe has stated that Bitcoin has already recorded its cycle bottom. The premier cryptocurrency is currently in a sustained uptrend that began in early April. During this time, Bitcoin’s price has surged from around $67,500 to a recent peak of around $80,000, culminating in an approximate net gain of…
Why Analysts Believe Ethereum Can Reach $15,000 This Cycle
Ethereum is trading just above $2,330, a price that, on the monthly chart, is sitting just above within a long accumulation zone. However, recent market dynamics show that Ethereum is destined for far higher prices than $2,300 this cycle, and this is not only about traders waiting for another rotation into ETH. The outlook is…
Ethereum Large-Holder Activity Drives Short-Term Consolidation, Instability — Details
The opening days in May have been accompanied by a rise in Ethereum on-chain activity. In a recent post on X, a pseudonymous analyst Darkfost dives into the intricacies of this activity and its impact on price. Binance Records Massive Ethereum Inflow According to Darkfost, the resurgence of activity on the Ethereum network corresponds with…
USDT On Ethereum Sees Largest Exchange Outflow Since February — Details
According to the latest on-chain data, the Ethereum-native iteration of USDT, the world’s largest stablecoin, has just witnessed its largest exchange outflow in recent months. 1.29 Billion USDT Flow Out Of Crypto Exchanges In a May 9th post on the X platform, blockchain analytics firm Santiment revealed that USDT on the Ethereum network recently recorded…
Nearly 80% Of Bitcoin Supply Hasn’t Moved As Long-Term Holders Tighten Grip
Bitcoin has climbed above a key price zone that analysts had flagged as a major obstacle — and that move is drawing fresh attention to who actually holds the coin. Long-Term Holders Absorb More Supply Around 830,000 BTC has left short-term trader wallets in recent months, pushing the share of Bitcoin held by long-term addresses…
Altcoin Trading Volume Shoots Up: Is The Altseason Upon Us Again?
Following the recent uptick in altcoin prices, conversations about the potential start of an altseason are gaining significant momentum. Interestingly, recent on-chain data about the rising altcoin trading volume has added some weight to the altseason discussions. Altcoin Trading Volume Climbs Above Yearly Average In a recent Quicktake post on the CryptoQuant platform, CryptoOnchain revealed…
Bitcoin Price Gains Renewed Strength, Market Eyes Bullish Breakout
Bitcoin price started a fresh increase and cleared the $81,500 zone. BTC is consolidating and might aim for more gains above the $82,450 level. Bitcoin managed to stay above $79,200 and started a fresh increase. The price is trading above $80,750 and the 100 hourly simple moving average. There is a bullish trend line forming…
Ethereum Price Tries To Extend Gains, $2,420 Stands In The Way
Ethereum price started a fresh increase above the $2,320 zone. ETH is now consolidating and might struggle to continue higher above the $2,385 resistance. Ethereum started a decent upward move from the $2,265 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support…
XRP Price Eases From Highs, Yet Setup Still Favors Another Rally
XRP price started a downside correction from the $1.50 zone. The price is now consolidating and might aim for another increase if it stays above the $1.440 zone. XRP price started a downside correction after it failed to clear the $1.5050 zone. The price is now trading above $1.440 and the 100-hourly Simple Moving Average.…
Chainlink Price Surges Above $10 For First Time Since January — Details
The cryptocurrency market has seen increased commentary about the imminence of an altcoin season over the past week, with the Chainlink price performance a major contributor to the conversation. The LINK token, which has had a rough ride this year, seems to have roared back to life over the last few days. Despite facing rejection…