Month: September 2024

Spot Bitcoin ETFs log massive $365.7m inflows led by ARK 21Shares’ ARKB

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Spot Bitcoin exchange-traded funds in the United States witnessed a two-month-high net inflow on Sept. 26 led by ARK 21Shares’ ARKB which drew in $113.8 million.  According to data from SoSoValue, the 12 spot Bitcoin ETFs saw $287.8 million in net inflows yesterday, continuing their six-day upward momentum. This amount of outflows has not been seen since July 22. BlackRock‘s IBIT, the largest Bitcoin ETF, drew $93.4 million in inflows, marking its fourth-day inflow streak and bringing its total net inflows to over $21.3 billion. Moreover, Fidelity’s FBTC, Bitwise’s BITB…

Bitcoin’s Liquidation Data Signals a Possible Trend Reversal—Here’s Why

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Bitcoin price movements and market sentiment have often been tied to the positions held by traders across the board. Regarding that, an insight shared by CryptoQuant analyst Amr Taha sheds light on the potential significance of Bitcoin’s long/short liquidation delta, hinting at a shift in market stance. This indicator, according to the shared insight provides a deep dive into how the balance between long and short positions can often foreshadow significant price corrections or rallies. Bitcoin Liquidation Suggest Imminent Market Shift Taha’s analysis centers around Bitcoin’s delta value, which is…

Solana Price (SOL) Pushes Higher: Surge Shows No Signs of Slowing

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Solana is gaining pace above the $150 resistance zone. SOL price is rising and might aim for a fresh increase above the $158 resistance zone. SOL price started a fresh increase above the $150 zone against the US Dollar. The price is now trading above $152 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $150 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could again gain bullish momentum if it clears the $158 resistance zone.…

Dogecoin Wins Over Major Demand Zone: Path To $0.15 Now Clear?

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An analyst has pointed out how Dogecoin has reclaimed a major on-chain demand zone, which could open up the path to higher levels. Dogecoin May Not Have Much On-Chain Resistance At Upcoming Levels In a new post on X, analyst Ali Martinez has discussed about how DOGE has just overcome a major on-chain supply wall. On-chain supply ‘walls’ refer to price ranges that carry the cost basis of a significant amount of investors. Below is the chart from IntoTheBlock shared by the analyst, which shows how the different Dogecoin price ranges…

XRP Price Trapped In Consolidation: Will Bulls Break Free?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Analyst Warns Of A ‘Super Signal’ For Cardano (ADA): Could It Outperform Bitcoin?

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Cardano (ADA) has recently recorded impressive gains of nearly 13% over the past week, outperforming Bitcoin (BTC), the largest cryptocurrency by market capitalization. Analysts are optimistic about further price increases for ADA, particularly following the emergence of a “super signal” on the ADA/BTC trading chart. Cardano Price Tests Key Levels Market expert TrendRider highlighted this potential in a recent post on X (formerly Twitter), noting that the super signal indicates a strong possibility for ADA to gain value against Bitcoin in the upcoming weeks.  This signal carries historical significance, boasting…

Ethereum Price Eyes Bitcoin’s Lead: Can It Climb to a New Weekly High?

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Ethereum price is eyeing a fresh increase like Bitcoin. ETH must surpass $2,665 to continue higher and trade to a new high in the near term. Ethereum is aiming for a fresh increase above the $2,665 level. The price is trading above $2,620 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2,625 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,600 support to start a fresh increase in the near term.…

Historical Trends Put Bitcoin At $400,000 With Shocking Timeline

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Este artículo también está disponible en español. Based on historical trend patterns, a crypto analyst has forecasted that Bitcoin could hit a staggering peak of $400,000. This ambitious price target would require Bitcoin to jump over 6X its current price, marking a historical milestone, as the cryptocurrency’s market capitalization would surpass $7 trillion.  Bitcoin Power Law Points To $400,000 Increase Bitcoin’s price dynamics have been hinting at a potential bullish surge, as the cryptocurrency has steadily maintained a price above crucial resistance levels around $60,000. According to Crypto analyst Ali Martinez,…

Bitcoin Price Back on Track: Can It Maintain Traction?

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Este artículo también está disponible en español. Bitcoin price started a fresh increase above the $64,750 resistance. BTC is now consolidating near $65,000 and might remain supported. Bitcoin is consolidating gains near the $65,000 zone. The price is trading above $64,200 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with resistance at $65,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if there is a clear move above the $65,250 resistance zone. Bitcoin Price…