Month: January 2024

Bitcoin (BTC) Price Hints at $45k Rebound This Week

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Bitcoin price has rebounded 10% after tumbling to a 50-day low of $38,500 on Jan. 23, as market data trends hint that investors are positioned for a bullish start to February.  Bitcoin (BTC) suffered bearish price action after the SEC delivered a spot ETF approval verdict on Jan. 11, as speculators capitalized on media euphoria to secure profits, sending BTC to a 50-day low of $38,500.  After fiercely defending the $39,000 support, bullish Bitcoin investors are now making strategic moves to stage a significant price rebound in February.  BTC open…

Dogecoin Price Prediction – DOGE Bulls Aim For Fresh Rally To $0.095

Dogecoin is finding bids above the $0.0750 zone against the US Dollar. DOGE could gain bullish momentum if it clears the $0.0820 resistance zone. DOGE is showing positive signs above the $0.080 zone against the US dollar. The price is trading above the $0.0795 level and the 100 simple moving average (4 hours). There is a key rising channel forming with support at $0.0795 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could start a recovery wave if it clears $0.0820 and $0.0850. Dogecoin…

Ethereum Price Loses Steam – This Resistance Could Spark Another Decline

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Ethereum price jumped above the $2,280 resistance zone. ETH could gain bullish momentum if it clears the $2,330 resistance zone. Ethereum started a decent increase above the $2,250 resistance zone. The price is trading above $2,280 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $2,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair might struggle to clear the $2,325 resistance zone and might correct lower. Ethereum Price Revisits Resistance Ethereum price started a decent increase…

Bitcoin Price Regains Strength As The Bulls Aim For Retest of $45K

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Bitcoin price is gaining pace above the $42,500 resistance. BTC is showing positive signs and might extend its increase toward the $45,000 resistance. Bitcoin price is moving higher above the $42,500 resistance zone. The price is trading above $43,000 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $42,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $43,800 and $44,200 resistance levels. Bitcoin Price Climbs Higher Bitcoin…

Q4 2023 Shows 1,250% Rise In Daily Active Addresses

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NEAR Protocol, the Blockchain Operating System (BOS), experienced significant growth in key metrics during the fourth quarter (Q4) of 2023. The protocol’s native token, NEAR, recorded a remarkable 16% year-to-date growth and witnessed a surge in adoption.  Circulating Market Cap Soars 245% According to a Messari report, the entire crypto market cap increased in Q4 2023, largely driven by the anticipation surrounding the introduction of spot Bitcoin exchange-traded funds (ETFs).  NEAR actively participated in the overall market rally and achieved additional gains due to its heightened network activity and significant…

Glassnode Co-Founder Warns: Bitcoin Surge Could Trigger A $1 Billion Liquidation Event

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A notable perspective recently came from the Glassnode co-founders Jan Happel and Yann Allemann, Negentropic on X, who recently shared insights into Bitcoin price dynamics. Notably, the analysts highlighted liquidity as a crucial factor for Bitcoin’s price trajectory. Bitcoin Market On The Brink Of Spike In Volatility Negentropic revealed that BTC’s recent ascent above $42,200 has created a significant liquidity pool for long positions, marked by a “neutral impulse” in the market. This trend indicates that Bitcoin aims to bridge the liquidity gap above the $42,000 mark, which hints at…

Bitcoin ETF Application In Hong Kong Filed By Banking Giant

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Following the recent approval of spot Bitcoin ETF (Exchange-Traded Funds) in the US and guidelines from Hong Kong’s Securities and Futures Commission (SFC) published in December of 2023, there has been increasing speculation about the launch of a spot Bitcoin ETF in Hong Kong this year. In a recent development, the first spot Bitcoin ETF application has been filed to the SFC for approval. Chinese Financial Giant Takes The Lead Earlier this month, Venture Smart Financial Holdings Ltd. (VSFG) expressed its plans to apply for a spot Bitcoin ETF with…

A Roadmap To Next Rally?

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Bitcoin advocate and CEO of Jan3, Samson Mow, has pinpointed a range of macroeconomic indicators that could signal an impending rally for Bitcoin. Mow focuses on exchange-traded inflows (ETF), Bitcoin’s Hashrate, and whale activity on prominent exchanges like Bitfinex. The Jan3 CEO also mentioned the 200-week moving average (WMA) in forecasting Bitcoin’s trajectory. The recent data shared by Cypherpunk on X highlighting significant whale accumulation on Bitfinex further supports Mow’s Bitfinex whale indicator, suggesting an increased interest from large-scale investors in the flagship crypto. This is some great alpha from…