Ethereum’s journey through financial markets on March 18, 2024, showcases a complex landscape marked by its recent price movements and technical indicators. Amidst a volatile environment, ether is priced at $3,578 per unit, reflecting the intricate dance between buyers and sellers. Ethereum The 24-hour trading range for ethereum (ETH) oscillated between $3,534 and $3,672, presenting […] Source CryptoX Portal
Tag: Analysis
Bitcoin Technical Analysis: BTC Navigates Volatile Waves of Change
As bitcoin flirts with the boundaries of its recent trading range, its price oscillation reflects a vibrant yet undecided market, standing at a pivotal $68,259 per unit, after testing waters between $64,522 and $68,902 within a 24-hour frame. Bitcoin Presently, bitcoin’s (BTC) oscillators present a mixed view but lean toward a cautious sentiment. The relative […] Original
What On-Chain Analysis Tells Us
Shiba Inu (SHIB), a popular memecoin, has experienced a notable decline. It dropped nearly 20% over the past week and continued a 13% fall in just the past 24 hours. This downturn occurs amid a broader bearish trend across the crypto landscape. However, detailed on-chain analysis has uncovered specific factors contributing to SHIB’s sharp decline. Whale Movements And Market Influence Insights from IntoTheBlock have shed light on large transaction activities, often indicative of “whale” movements, which have seen a general decrease since March 5, further compounding the downward pressure on…
Bitcoin Technical Analysis: Sharp Downturns as Bearish Trends Dominate Price Movements
Bitcoin witnessed a notable intraday swing from $65,569 to $73,794, reflecting a volatile market environment. Despite this turbulence, its market capitalization still holds strong at just over $1.3 trillion, supported by a substantial 24-hour trading volume of $89 billion. Bitcoin The analysis of bitcoin’s (BTC) oscillators and moving averages (MAs) presents a mixed signal for […] Original
Why aren’t large Bitcoin holders selling despite high prices? Insights and analysis
As Bitcoin prices soar, the wealthiest investors are holding onto their assets. What’s driving this choice, and how does it affect the market? In recent years, the number of large Bitcoin (BTC) holders, called “whales”, has increased significantly. Data from Glassnode reveals a striking uptrend in the number of Bitcoin addresses holding over $100,000, escalating from less than 140,000 in July 2020 to nearly 680,000 by Mar. 12. Bitcoin addresses with a balance of more than $100,000 | Source: Glassnode Similarly, addresses possessing more than $1 million in Bitcoin surged from…
Bitcoin Technical Analysis: BTC Crosses $73K; Bulls Eye $75K as Next Major Goal
On March 13, 2024, bitcoin achieved a new peak in its market value, reaching an unprecedented high of $73,679. In the past 24 hours, bitcoin not only increased by 1.8% but also showed notable gains over the week (10.7%) and the last two weeks (23.3%), elevating its market cap to an impressive $1.43 trillion. Bitcoin […] Original
Ethereum Technical Analysis: ETH Secures Position Above $4,000 Following Key Resistance
On March 11, ethereum’s price action painted a bullish picture, closing at $4,053 after touching a low of $3,800. With oscillators signaling mixed sentiments and moving averages strongly favoring buyers, the digital currency showcased a strong performance amidst a trading volume of $27.57 billion. Ethereum Ethereum’s (ETH) journey on March 11 marked a significant upturn, […] Source CryptoX Portal
Bitcoin Technical Analysis: Oscillators and Averages Signal Strong Upward Momentum
Bitcoin’s price on Monday, March 11, 2024, shows a bullish trend is undeniably in the air. The day unfurled with bitcoin dancing between $67,785 and $71,837, revealing a bullish sentiment amidst traders. This swing is underpinned by a robust market capitalization of $1.4 trillion, with a notable 24-hour trading volume of $48.50 billion. Bitcoin Our […] Original
On-Chain Analysis Reveals Tesla Has 11,509 Bitcoins and Spacex Owns 8,285 BTC, Says Arkham
Crypto analytics firm Arkham claims to have identified the bitcoin holdings of Elon Musk’s companies, Tesla and Spacex. “The on-chain fund flows we’ve identified match financial statements from Tesla and Spacex,” the firm detailed, stating: “We are the first to publicly identify these holdings on chain.” Bitcoin Holdings of Tesla and Spacex Crypto analytics firm […] Source CryptoX Portal
Bitcoin Technical Analysis: BTC Bulls Regain Strength After Recent Pullback
In the last day, bitcoin exhibited a dynamic display, marked by significant fluctuations and upward movements across different periods. Upon hitting a peak at $69,210 per unit on Mar. 5, the cryptocurrency dipped below the $60,000 threshold, only to climb again on Wednesday, positioning itself in the $66,500 to $67,500 bracket. Bitcoin Over the course […] Original