Category: Reviews

Price Turns Red as Market Eyes Fed Decision

Bitcoin price extended losses below $67,500 support zone. BTC tested the $66,000 support zone and is now attempting a recovery wave. Bitcoin started another decline below the $68,500 support zone. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $68,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could recover but the upsides might be limited above the $68,500 level. Bitcoin Price Dives Bitcoin price failed to start another…

Bitcoin Set for Further Decline As Bearish Sentiment Intensifies

Bitcoin (BTC), the leading cryptocurrency by market capitalization, appears to be heading for further declines as market sentiment turns increasingly bearish. Recent analysis shows that BTC is struggling to maintain key support levels, and the overall mood among traders and investors is shifting towards caution. Several factors such as macroeconomic pressures, regulatory concerns, and technical indicators contribute to this negative outlook. As Bitcoin continues to face selling pressure, the potential for additional downside becomes more pronounced. This article explores Bitcoin’s near-term price action for market participants looking to navigate the…

$2 Billion Crypto Funds Flow Into Market On Rate Cut Buzz

The cryptocurrency market is buzzing with renewed optimism as investment funds witness a historic inflow surge. CoinShares, a leading digital asset manager, reported a record-breaking $2 billion influx into crypto funds in just one week, surpassing the entire month of May’s net inflows. This positive trend, now spanning five consecutive weeks, has propelled total assets under management (AUM) in crypto funds back above the coveted $100 billion mark, a level last seen in March 2024. Related Reading Bitcoin ETFs Fueling The Fire Bitcoin, the undisputed king of cryptocurrencies, remains the…

How Will Bitcoin And Crypto React?

As the financial markets brace for the upcoming Federal Open Market Committee (FOMC) meeting on Wednesday, June 12th, the Bitcoin and crypto community is poised to assess the implications of any Federal Reserve announcements on digital assets such as Bitcoin. With the consensus forecast suggesting that the Federal Reserve will hold the federal funds rate steady at 5.25%-5.50%, the primary interest of investors has turned to the nuances of the Fed’s forward guidance and economic projections. Crypto analyst Tomo (@Market_Look) shared his insights on X, framing the upcoming FOMC meeting…

Ethereum Price Battles Resistance: Faces Steep Climb Ahead

Ethereum price declined heavily and tested the $3,580 support zone. ETH is now recovering and faces many hurdles near the $3,740 zone. Ethereum started a recovery wave and climbed above the $3,660 resistance. The price is trading below $3,750 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,740 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh upward move unless there is a close below the $3,640 support. Ethereum Price Faces Resistance Ethereum price…

Litecoin Sees Massive 75% Surge In Major Metric

Daily active addresses on the Litecoin blockchain have seen a drastic uptick despite days of uninteresting price action. The substantial rise in active Litecoin addresses and overall interest suggests a price rally could be on the horizon. Litecoin’s price movement has generally been left behind in the past month, with the cryptocurrency struggling to retain a positive price in the past 30 days. However, this could change very soon, as on-chain data suggests volatility could be happening very soon. The positive on-chain data, which comes in the form of daily…

Steady Ascent Points to Bullish Momentum

Bitcoin price started a decent increase above the $70,500 resistance. BTC is showing positive signs and might gain bullish momentum above the $72,000 resistance in the near term. Bitcoin extended its increase above the $70,000 and $70,500 resistance levels. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $70,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $72,000 level. Bitcoin…

Is a Major Move on the Horizon?

XRP price is slowly moving higher above the $0.5120 zone. It could start a major increase if there is a close above the $0.5320 resistance zone. XRP is attempting a fresh increase above the $0.5220 zone. The price is now trading above $0.520 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.5240 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a decent increase if there is a clear move above $0.5300. XRP Price…

Poised for a Major Upswing

Bitcoin price started a fresh increase above the $70,000 resistance. BTC is showing positive signs and might rise further above the $72,000 resistance in the near term. Bitcoin started a decent increase above the $69,500 and $70,000 resistance levels. The price is trading above $69,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $69,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $71,200 level. Bitcoin…

Bitcoin Price Gains Momentum: Bullish Surge Ahead?

Bitcoin price found support at $67,000 and started a fresh increase. BTC climbed above $69,500 and might continue to rise in the near term. Bitcoin started a decent increase above the $68,500 and $69,500 resistance levels. The price is trading above $68,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $69,500 level. Bitcoin Price…