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West Texas Intermediate crude has hit $115 a barrel, gasoline prices in the US are up nearly 40% since late February, and Bitcoin is still trying to break through a wall it has failed to climb six times now. That is the world Bitcoin finds itself in on Monday as it briefly touched $69,550 —… Continue reading Bitcoin Sits 45% Below Its Peak As Short Sellers Absorb $276M In Losses
XRP price started a downside correction from the $1.3550 zone. The price is now consolidating and might aim for another increase if it stays above the $1.30 zone. XRP price started a downside correction after it failed to clear the $1.3550 zone. The price is now trading below $1.3220 and the 100-hourly Simple Moving Average.… Continue reading XRP Price Rebound Fizzles Out, Downside Pressure Returns Fast
Litecoin is showing signs of a potential breakout, as its current price structure suggests the formation of an ending diagonal, a pattern often observed near the end of a correction. With the market nearing a critical level, a confirmed move above resistance could signal the start of a new bullish phase. LTC Forms Potential Reversal… Continue reading Litecoin Eyes Breakout: Ending Diagonal Hints At New Highs Ahead
Dogecoin started a fresh decline below the $0.0920 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.0920 and $0.0925. DOGE price started a fresh decline below the $0.0912 level. The price is trading below the $0.0905 level and the 100-hourly simple moving average. There is a bearish trend… Continue reading Dogecoin (DOGE) Under Threat, Downside Thrust Could Trigger Selloff
Bitcoin is still far from triggering the three signals that have historically appeared at the end of bear markets, according to analyst Willy Woo. Bitcoin Is Still Trading Far Below The Cost Basis Of Recent Investors In a new bear markets. The first signal is the price breaking the cost basis of the short-term holders… Continue reading These 3 Signals Mark Bear Market Exits—Bitcoin Has Yet To Trigger Them
As Bitcoin (BTC) attempts to reclaim a key resistance area, an analyst has suggested that the end of BTC’s two-month consolidation could be weeks away, potentially opening “generational opportunities” before the next bull run. Bitcoin Consolidation’s End May Be Weeks Away On Monday, Bitcoin jumped 5% from Sunday’s lows to a key area for the… Continue reading Bitcoin Next Big Move In Mid-April? Analyst Explains Why ‘Decision Time’ Could Be Near
Bitcoin is sitting just below $70,000, but the sharper signal may be in the derivatives market: roughly $6 billion in short positions would be forced out if the price climbs to $72,500, according to data from Santiment. That comes as Bitcoin keeps testing the same ceiling again and again, with the market showing signs of… Continue reading Bitcoin Mood Sours To Levels Not Seen Since Late February
More than 8 million wallets now hold XRP — a milestone that comes even as the token’s price sits well below where it stood less than a year ago. A Market Still Chasing Its Peak XRP traded at $1.35 on Monday, up roughly 4% on the day, but still more than 60% below the $3.65… Continue reading XRP Wallet Count Tops 8 Million As Trading Volume Nears $4 Billion
Over time, the Ethereum price has been trending sideways with no definitive move in either direction. This trend has led to the formation of an ascending channel that could change the course of things for the second-largest cryptocurrency by market cap. If this trend continues to play out, then it is possible that the Ethereum… Continue reading Ethereum Ascending Channel Puts Price At $5,700, Analyst Reveals When To Sell
With Bitcoin trading near $69,000, Strategy is sitting on an unrealized loss on its large cryptocurrency holdings, yet the company’s founder shows no sign of pulling back. Saylor’s Orange Dot Returns Michael Saylor posted what followers recognized immediately: the orange dot chart his company uses to signal a fresh round of Bitcoin buying. The post,… Continue reading Strategy Signals Fresh Bitcoin Buy As Saylor Tweets ‘Back To Work’