contributor Posted: September 19, 2024 Bitcoin bulls showed up in response to rate hikes as the market receives a confidence boost. Evaluating the risk of long liquidations as volatility makes a comeback. Bitcoin [BTC] responded positively to the Federal Reserve’s latest announcement regarding interest rate cuts. The highly anticipated decision revealed that rates will come…
contributor Posted: September 18, 2024 ETH experienced weak demand amid Ethereum ETFs outflows, indicating investor disinterest. Open Interest tanked, but top traders went long, indicating a possible shift ahead. Ethereum [ETH] ETFs have been experiencing continuous outflows recently, despite previously high hopes that ETFs would drive demand. Many analysts have observed this, and some believe…
CryptoQuant CEO Ki Young Ju also noted that whales are accumulating Bitcoin and we’re in the middle of the bull cycle. BTC’s Long/Short ratio currently stands at 1.1048 (a value of ratio above 1 indicates bullish market sentiment among traders). Despite significant volatility in the cryptocurrency market, Bitcoin [BTC] whales and institutions appear to be…
Smart money strategized on WIF’s dip to accumulate before the timing waned. However, this could also be a double-edged sword for WIF. Dogwifhat [WIF] began September bearish, consolidating after an August rally to $2. At $1.553 now, it is on its third straight green candle, hinting at recovery. Optimism builds around the expected Fed rate cut,…
The DeFi market capitalization was $67 billion at press time. With the Bernstein prediction, the market cap could increase, getting close to its previous high. According to a recent report by Bernstein, Decentralized Finance (DeFi) is poised to capture greater attention from traders in the coming weeks. While the sector is still recovering from its…
BTC has experienced increased volatility over the past month. Despite the decline, new whales continue to enter the market as old ones hold their position. Bitcoin [BTC] has seen one of the most dramatic Septembers so far. Historically, September is associated with a bearish market. However, over the last week, BTC has attempted to defy this…
BTC has managed to stay close to its psychological resistance level. Indicators showed the potential for a price breakout. Historically, September has been a turbulent month for Bitcoin [BTC], often marked by significant negative trends. Despite this, the king coin has maintained a relatively stable price, staying close to its current psychological resistance level. We…
One market analyst highlighted three pivotal factors contributing to the potential rally. Most notably, the USDT Treasury has minted 1 billion USDT during this crucial period, signaling a ripe opportunity for market growth. The broader crypto market, however, has witnessed a recent slowdown, recording a 2.87% decline in the past 24 hours that brought its…
Shiba Inu’s price target could be $0.000081, if the falling wedge breakout is confirmed On-chain activity has remained strong, but high exchange netflows could signal near-term selling pressure A recent analysis seemed to highlight a confirmed falling wedge breakout for Shiba Inu [SHIB]. This pattern, historically seen as a bullish reversal, usually suggests a possible…
Bitcoin, at press time, recorded gains of almost 11% on the weekly charts Analysts are eyeing $64,300 after a possible breakout from $61,625 Bitcoin [BTC] has defied market expectations and historical patterns to turn September blue. In fact, at the time of writing, BTC was trading at $60,164. This marked a 3.94% hike on the…
contributor Posted: September 14, 2024 Should it maintain its current momentum after breaking out of its descending channel, XRP can reach $0.74. A rise in active addresses and a decline in supply underpin the surge, indicating strong trader interest. XRP is on the cusp of reversing its month-long losses, with gains of 5.26% weekly and…
Ethereum’s bullish divergence has been invalidated Institutions are now selling ETH, with trading volume decreasing too Ethereum (ETH), at press time, seemed to be showing some weakness against Bitcoin (BTC), with the ETH/BTC price action chart deep in the red. In fact, the bullish divergence for ETH looked invalidated as it approached the 0.04 BTC…
SHIB was trading within a bullish symmetrical pattern; However, it is likely to fall Multiple indicators suggested that SHIB can drop further, rather than achieving the anticipated breakout After a major rally propelled Shiba Inu (SHIB) to its highest point of the year at $0.00004567, the popular memecoin has since reversed most of these gains….
XRP could break 7-year resistance with a potential 500% surge, analysts suggest a bullish breakout. Growing interest in XRP derivatives and bullish chart patterns hint at major price movement potential. XRP’s current price movement has caught the attention of market analysts, as the crypto shows signs of a potential bullish breakout. Crypto analyst Javon Marks…
Global liquidity surged, with an annualized rate of over 6% Bitcoin seemed set to make a new all-time-high. The growing global monetary liquidity, which is at an annualized rate of over 6%, marked the fastest growth since April 2022. This is set to impact Bitcoin [BTC]. The upward trend is following a four-year cycle, similar…
Bitcoin’s current downturn was “normal,” per Michael van de Poppe. The broader market remained positive for the king coin. The crypto markets in 2024 have been turbulent, leading many to question if a significant crash is looming. Some fear a major Bitcoin[BTC] downturn, but analyst Michael van de Poppe firmly disagrees. Despite Bitcoin’s 36% correction,…
If XRP mimics its 2017 bull rally, then it might reach an ATH in the coming months. It’s crucial for the token to first go above $0.58 before it breaks above the pattern. Like most cryptos, XRP bears remained dominant in the market last week. However, the token did show signs of a slight recovery…
BTC’s price was on the verge of dropping below its realized price-to-liveliness ratio. The coin was testing a key support level at press time. Bitcoin [BTC] investors have been struggling for quite some time now as the king coin continued to lose value. In fact, a recent analysis points out a development that indicated a…
Bitcoin’s weekly trend over the past six months has been concerning An investigation of its on-chain metrics revealed that BTC’s top might be a year away Bitcoin [BTC] has been on a slow downtrend since early June when it began to register lower highs and lower lows on the weekly chart. However, the Founder and…
The United States added 142k jobs in August, falling short of expected figures of 160k Bitcoin dropped to a monthly low, but aggressive bets on Fed rate cuts hiked Bitcoin [BTC], the world’s largest cryptocurrency, dropped to a monthly low of $52.5k on the charts – A trend that mirrored U.S stocks’ decline on Friday….
A surge on the social front might help DOGE’s price action Ownership stats underlined growth on some fronts too Dogecoin kicked off Q1 2024 with a solid run, but it has since given up almost all of its year-to-date gains. This, despite this year proving to be in favor of the memecoin segment. In fact,…
Bitcoin trend strength prophesy fulfilled. Bitcoin volatility dwindling as percent in profit reduces. Bitcoin [BTC] has once again demonstrated its cyclical nature, with the Bitcoin Trend Strength Prophecy being fulfilled. In 2016, Bitcoin’s price dipped into the support zone in September, and the same pattern has emerged in 2024. Throughout these alternating cycles, the market’s…
Experts believe that ETH might dip to the lower end of the falling wedge, currently around $2,200 Significant buying pressure can be seen around this zone too Despite favorable developments like the introduction of an Ethereum Spot ETFs in the U.S, the world’s largest altcoin is yet to hit new all-time highs. In fact, over…
Solana price has recovered to $132 with a predicted 62% surge ahead of its Breakpoint event. Analysts highlighted Solana’s historical Breakpoint price surges, with excitement building for 2024’s event in 16 days.  Solana [SOL], one of the top-performing cryptocurrencies by market cap, is starting to show signs of recovery after a bearish end to August….
Bitcoin, at $52,000, could represent the last golden opportunity to purchase. Large traders offloading their BTC holdings could drive the price down to this critical support level. Since the beginning of the month, Bitcoin [BTC] has failed to exhibit any significant market movements. After reaching a peak of $59,844.10, it has declined to $56,855.25, a…
DOGE’s network activity remained high throughout the last week. Most market indicators looked bearish on the memecoin. Dogecoin [DOGE] bears have once again gained control of the memecoin’s price action by phishing the coin down. However, there was more to the story as the memecoin was on the verge of breaking out of a bullish…
contributor Posted: September 4, 2024 XRP’s Relative Strength Index (RSI) formed a bullish divergence, signaling a bullish trend. Following the breakout of the descending trendline there is a high possibility that XRP could soar by 15%. In this bearish market sentiment, Ripple [XRP] looked bullish as its on-chain metrics indicated that its price was poised…
Market sentiment around the memecoin improved in the last few days. Buying pressure on Dogecoin also increased. After days of price corrections, the market condition changed as several cryptos, including Dogecoin [DOGE], registered price hikes. Meanwhile, a bullish divergence appeared on the memecoin’s chart, hinting at a continued rally. Let’s have a look at the…
XRP could skyrocket as a potential ETF launch and key levels set the stage for a bull run. Analysts suggest XRP may soon break out, offering a last chance to accumulate below $1. XRP stood at $0.5511 at press time, having declined 1.38% in the last 24 hours and 7.88% over the past week. With…
Market sentiment was bearish over the last four months as BTC faced consistent rejections from local highs Selling pressure has not abated and could force another major southbound move Bitcoin’s [BTC] 2024 halving occurred on 19 April. Since then, however, the promised bull run is yet to materialize. At press time, the Crypto Fear and…
Selling sentiment has been dominant among U.S investors Market indicators hinted at a sustained price drop in the short term Bitcoin [BTC] has been on a rollercoaster ride for a couple of weeks now. This was best evidenced by BTC successfully crossing $64k, before dropping under $60k within just a few days. While the coin’s…
Bitcoin is showing signs of weakening demand as September, a month often associated with declining prices, approaches Possible interest rate cuts in the U.S and other bullish catalysts could stir volatility August was a volatile month for Bitcoin’s (BTC) price. BTC started trading at around $63k on 1 August and barely one week into the…
A bearish divergence appeared on BTC’s dominance chart If SOL turns bullish, then it might target $187 in the coming weeks Bitcoin’s [BTC] dominance has been rising for multiple weeks now, suggesting that altcoins might have to wait longer for a rally. However, the situation can change soon as a bullish divergence seemed to appear…
Dogecoin has shown signs of recovery after a recent dip, with analysts pointing to bullish reversal patterns. A potential MACD crossover and RSI suggested a possible surge in Dogecoin’s price. Dogecoin [DOGE], the popular meme-based cryptocurrency, has seen a noticeable decline in its price over the past week, dropping by 5%. However, the asset was…
Bitcoin shows a slight recovery after a significant drop, influencing correlated altcoins like Cardano. Analysts suggest monitoring the positive correlation between Bitcoin and altcoins for potential market shifts. Bitcoin [BTC], after experiencing a sharp decline earlier this week as it dropped by more than 10% within just two days, has shown a slight rebound over…
Bitcoin’s historical post-halving cycles suggested a potential top between June and October 2025, with projections nearing $200K. Technical indicators like MACD and Bollinger Bands showed bullish signs, but traders should remain cautious of potential reversals. Bitcoin [BTC] closed above $64,000 on Monday after a week of upward momentum driven by encouraging signals from the U.S….
Metric revealed that Bitcoin was overvalued. A price correction might bring BTC down to $61k again. After going near $65k, Bitcoin [BTC] once again turned bearish as the king of cryptos’ daily chart turned red. While that happened, short-term holders continued to sell their holdings. Does this mean a trend reversal or a continued price…
A breakout above the pattern could push XRP towards $3. Buying pressure increased on the token, but market sentiment turned bearish. After a weeklong of price upticks, XRP bears stepped up their game in the last 24 hours by pushing the token down. However, this just might be the beginning of a new bull rally….
The Bitcoin Rainbow Chart suggested that BTC was “still cheap.” Selling pressure was rising on BTC, which could cause trouble. Sentiment around Bitcoin [BTC] remained bullish as the king of cryptos managed to trade well above the $61k mark. In fact, if the latest data is to be considered, then things might get even better….
SHIB’s price surged in double digits last week. However, a few indicators turned bearish on the memecoin. The crypto market remained bullish last week, allowing several cryptos, including Shiba Inu [SHIB], to register massive gains. Thanks to that, the world’s second-largest memecoin managed to break above a bullish pattern, suggesting a further price hike in…
BTC’s NVT ratio indicated that it was undervalued on the charts A few metrics were bearish, hinting at a drop towards $57k Bitcoin [BTC] investors, at press time, were having a good time as the king of cryptos’ price action once again turned bullish. The latest BTC price uptick also pushed a key indicator into…
Ethereum formed similar structures on the price charts at similar times ETH set to close the gap created after falling below the critical support band Ethereum’s [ETH] recent price recovery from the $2,100-level has sparked speculation that it may replicate its 2016 and 2019 successes in 2024. With Ethereum (ETH) poised to close a weekly…
Jerome Powell spoke about rate cuts as short-term Fed liquidity weakened Bitcoin and the broader crypto market have been showing signs of bullish sentiment Jerome Powell’s recent statement has set the stage for significant shifts in the cryptocurrency market. Powell’s indication that “The time has come for policy to adjust” suggests that U.S rate cuts…
Bitcoin is likely to continue to trend downward in the coming weeks. The short-term holders’ average cost basis marked out a potential local top for Bitcoin. Bitcoin [BTC] experienced heightened volatility over the past couple of days. It reached $61.8k on the 21st of August, but a few hours later fell to $59.7k a few…
Cardano’s price surged by more than 4% in the last 24 hours. In case of a breakout, ADA might first reach $0.45. Cardano [ADA] investors were having a good time as the token gained bullish momentum. In fact, things can get even better in the coming days because of a pattern that emerged on the…
Analyst predicts a 500% surge for Dogecoin, with RSI showing a potential breakout. Despite market downturns, Dogecoin’s bullish signals and strong holder support indicate a possible rally. Dogecoin [DOGE] has maintained a relatively stable price over the past month despite the wider crypto market’s downturn. However, according to market analyst Javon Marks, the situation could…