Bitcoin and most major altcoins are facing selling at higher levels, but there are no signs of panic selling at the moment. Bitcoin and altcoins have been volatile in the past two days, as the cryptocurrency markets come to terms with the actions of the United States Securities and Exchange Commission (SEC) against two of the biggest crypto exchanges, Binance and Coinbase. After the initial knee-jerk reaction to the news and the subsequent rebound, markets are likely to enter a range as traders reflect upon the uncertainty around the lawsuits.…
Tag: Analysis
Bitcoin transitions into bull market after bottoming, analysis shows
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recent developments in the cryptocurrency market indicate a transition from a bear market to a more optimistic bull market, primarily driven by the movement of bitcoin (BTC). CryptoQuant, a prominent crypto analytics platform, highlights several factors that support this shift, suggesting that BTC has reached its bottom. Crypto Market – Currently transitioning into the Bull Market “It’s very unlikely that $BTC will make a new low and the recession induced drop will be rather the last…
Etherscan introduces advanced filtering tool in beta for blockchain analysis
Etherscan has introduced an advanced filtering tool that allows users to better customize and refine their search results. The “Advanced Filter” tool, currently in beta, permits users to extract data insights and conduct focused analysis by utilizing a set of criteria using public data from Ethereum With the new filter, users can easily narrow down their search results based on specific criteria such as transaction type, function name, duration, amount, and assets to and from addresses. This helps users focus on transactions, addresses, and activities most relevant to their research,…
Price analysis 6/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and most major altcoins are witnessing subdued price action, indicating a lack of buying interest from the larger players. The United States equities markets rallied sharply on June 2 even though nonfarm payrolls in May rose by 339,000, blowing past economists’ expectations of a 190,000 increase. A few analysts pointed out that the market was possibly encouraged by the slower growth rate of hourly earnings, which was slightly below estimates, and an uptick in the unemployment rate. The rally in the equities markets failed to act as a tailwind…
Bitcoin ‘big move’ due in July after March $30K push — Latest analysis
Bitcoin “consolidation” could end by July, new research predicts as optimism over a BTC price breakout returns. In its latest market update on June 2, trading firm QCP Capital revealed a bullish bias on both Bitcoin (BTC) and the largest altcoin, Ether (ETH). QCP Capital: Bitcoin consolidation “played out perfectly” Bitcoin price has been ranging between $26,000 and $31,000 since mid-March, but analysts are increasingly calling time on the sideways action. QCP Capital is among them, predicting a change of course as soon as the end of the month. This, it argues,…
Price analysis 5/31: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and most major altcoins are struggling to hold on to their higher levels, indicating that the bears have not given up yet. After rising for four successive months, Bitcoin is on track to end May with losses of about 7%. Another noteworthy thing in May is that Bitcoin’s (BTC) 30-day volatility dropped to 1.52%, which is far below the yearly average of 4% and higher. Glassnode data shows that Bitcoin’s low volatility periods have only lasted for 19.3% of its total price history. Hence, there is an expectation for volatility to…
Price analysis 5/26: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
The recovery in the U.S. stock market seems to have acted as a catalyst for the relief rally in Bitcoin and select altcoins. Bitcoin (BTC) remains pinned below $27,000 and the recent weakness of the past few days has increased calls from analysts for a fall to the low $20,000 levels. While anything is possible, the bulls are unlikely to give up the $25,000 support without putting up a fight. Glassnode’s lead on-chain analyst Checkmate said in his comments on May 24 that the Sell-side Risk Ratio metric suggests that…
Bitcoin's 'Ichimokou Cloud' Suggests Deeper Drop Toward $24K: Technical Analysis
Ichimoku Cloud, created by Japanese journalist Goichi Hosada in the 1960s, is widely used to gauge momentum and trend strength. Original
Price analysis 5/19: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
The recovery in Bitcoin and most major altcoins halted near respective overhead resistance levels, indicating that the bears are active at higher levels. The United States stock market recovered sharply on May 17 and May 18 on hopes that the debt ceiling agreement could be reached, but the market gave back some of it gains on May 19 on reports of a temporary halt in the talks. The U.S. dollar index (DXY), which had been rising for the past three days turned down on May 19 after Federal Reserve Chair…
Price analysis 5/17: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and most major altcoins are selling off on rallies, proof that investor sentiment remains negative in the short term. The United States stock markets are trying to recover on reports that the debt ceiling talks are showing promise and a debt default may be avoided. However, the same enthusiasm is not seen in the cryptocurrency markets. Bitcoin (BTC) slipped back below the $27,000 support on May 17, indicating that buyers are struggling to sustain the relief rallies. Institutional investors seem to be booking profits due to the macro uncertainty.…