Day: October 11, 2024

Will $60K Hold Or Is A Major Correction Coming?

boss

Este artículo también está disponible en español. After briefly rising above $63,000 in recent days, renewing investor’s hope on “uptober,” Bitcoin has once again dampened this excitement by decreasing to as low as the $60,000 region today. This unappealing performance has led to a CryptoQuant analyst, Aytekin, raising and sharing insight on an important question: “Is it reasonable to expect a final shakeout before the next big move?” Related Reading Bitcoin Next Move: Major Correction Looming? In a recent post on the CryptoQuant QuickTake platform, the analyst explained that Bitcoin…

Bitcoin Facing Potential Capitulation Amid On-Chain Liquidity Squeeze, Analyst Says

boss

Este artículo también está disponible en español. According to a crypto analyst, Bitcoin (BTC) may be heading towards a capitulation due to tightening on-chain liquidity. However, this capitulation could be followed by a “full bull” market. Bitcoin Headed Lower Before Higher In a detailed thread on X about BTC price analysis, crypto analyst Cole Garner stated that capitulation might be on the horizon for the leading digital asset. Garner attributes the potential downturn to tightening on-chain liquidity. Related Reading Tracking global liquidity from central banks worldwide, the analyst said he…

Uniswap Rallies In Bearish Conditions, Can UNI Break New Grounds?

boss

Uniswap is making a surprising move, rallying in the face of bearish market conditions, and showing signs of resilience despite the downward pressure seen across the crypto space. As bullish sentiment begins to build, market participants are now focused on whether UNI can maintain this upward momentum and break new ground.  As UNI continues to display strength, this analysis aims to determine whether Uniswap’s recent upward movement in spite of the broader bearish market conditions, has the potential to break through key resistance levels and reach new highs by examining…

Deribit Launches US Yield Coin (USYC) as New Yield-Bearing Cross-Margin Collateral Option

Deribit has announced the launch of the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option. USYC, an ERC-20 token backed by reverse repurchase agreements on U.S. Government Securities, provides traders with a stable and flexible collateral option that generates daily yield. The assets are secured in a segregated account at […] Source CryptoX Portal

Bitcoin Price Flashes Fractal Similar To October 2023, Here’s What Happened Last Time

boss

Este artículo también está disponible en español. Crypto analyst TradingShot recently revealed that the Bitcoin price is forming a similar fractal pattern to the one that happened in October 2023. This is bullish for the flagship crypto, considering what happened last year when the fractal pattern formed.  Bitcoin Prices Flashes Fractal Similar To October 2023 TradingShot mentioned in a TradingView post that the Bitcoin fractal similar to the one that occurred in October 2023 is happening again. He explained that the similarities are more evident in the 1D timeframe, where…