Day: January 21, 2025

Bitcoin price forecasted ‘highly bullish’ if this support level holds

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Bitcoin is expected to retain its upward momentum if it successfully defends the key support level, Matrixport says. After breaking out of a narrowing wedge pattern, Bitcoin (BTC) now faces a pivotal test at $89,260, a support level seen as crucial for its continued upward momentum. In an X post on Jan. 21, Singapore-based blockchain firm Matrixport said that Bitcoin’s price outlook depends on staying above this threshold. In a chart shared by the firm, Bitcoin is seen breaking out of a narrowing wedge pattern. The cryptocurrency, with a market…

Bitcoin Struggles Post-Trump Disappointment – What Next?

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Este artículo también está disponible en español. In a move that dashed high-flying expectations, US President Donald J. Trump ended his first day in office without issuing any crypto-related executive orders or referencing the much-touted Strategic Bitcoin Reserve he had teased during the Bitcoin 2024 conference in Nashville. Bitcoin’s price, which had surged to nearly $110,000 on hopes of a landmark announcement, retreated swiftly once it became clear the inauguration address would offer no explicit nod to digital assets. What Next For The Bitcoin Price? Now, with BTC hovering in…

Dogecoin Momentum Weakens: RSI Signals Bearish Continuation To $0.3

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Dogecoin price action has entered a critical phase as technical indicators, particularly the Relative Strength Index (RSI), point to a continuation of bearish momentum. Following a consistent downtrend, the RSI has dipped below the neutral 50% level, signaling increasing selling pressure and waning bullish interest. This shift in momentum puts the $0.3 support level in the spotlight, a crucial price floor that could determine Dogecoin’s near-term trajectory. With market conditions showing limited upside potential, traders are focusing on whether DOGE can maintain its ground at $0.3 or if the bearish…

Trader Brands XRP The ‘Biggest Meme Coin’ In Crypto

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

XRP Breaks Out Of Bull Flag And Targets $4.40: Crypto Analyst

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Este artículo también está disponible en español. In a chart shared by crypto analyst Ali Martinez, XRP has broken out of a descending channel commonly identified as a “bull flag,” signaling a potential continuation of its recent upward trend. The move sets the stage for a push toward $4.40, based on Fibonacci extension levels. XRP Price Eyes $4.40 According to the two‐hour Binance chart provided, XRP initially rallied from roughly $2.3374 on January 13 to a local high of $3.3509 by January 17, marking a swift rise that established the…

Bitcoin Entering Second ‘Price Discovery Uptrend’, What’s Ahead?

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Este artículo también está disponible en español. As the new crypto-friendly administration takes office, crypto investors expect a likely volatile market. However, some analyst shared their bullish predictions as Bitcoin (BTC) hit its latest all-time high (ATH) of $109,000. Related Reading Bitcoin Hits New ATH On Inauguration Day Last week, Bitcoin surged past the $100,000 barrier for the first time in over ten days amid the bullish expectations of January 20. The flagship crypto continued consolidating above this key level over the weekend, fueled by US President Donald Trump’s latest…

Dogecoin (DOGE) Dips: A Pause Before The Next Meme-Coin Rally?

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Dogecoin started a downside correction from the $0.4050 zone against the US Dollar. DOGE is now consolidating and might attempt a fresh increase if it clears the $0.3680 resistance. DOGE price started a fresh decline below $0.4050 and $0.380. The price is trading below the $0.3750 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.3650 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.3650 and $0.3680…

Following Trump’s Inauguration, Polymarket Predicts 64% Chance of Bitcoin Reserve 

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Polymarket bettors currently estimate a 64% chance that the U.S. will establish a national bitcoin reserve by the end of 2025, following Donald Trump’s inauguration today. Bettors Still Signal Strong Support for U.S. Bitcoin Reserve Proposal The concept of a U.S. bitcoin reserve has drawn significant attention in recent months, with advocates arguing it could […] Original

XRP Price Resilience Shines: Is a Parabolic Move on the Horizon?

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XRP price started a fresh increase above the $3.250 level. The price is holding gains and might start another increase if it clears the $3.180 resistance. XRP price traded toward the $3.35 level before it corrected some gains. The price is now trading below $3.20 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support at $3.0650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $3.00 support. XRP Price…

What It Means for BTC Market

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…