As of Feb. 12, 2024, bitcoin displays a robust upward momentum across several charts, underscored by its sharp ascent from $47,593 to $48,814 on Sunday. On the subsequent Monday, bitcoin’s market value reached $939 billion, with a trading volume of $21.57 billion for the day. Currently, the upward trend pauses, with the price dipping below […] Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Litecoin might be undervalued NuggetRush presale in progress NUGX might rally on launch While spot Bitcoin ETFs have not had the desired impact on crypto, BTC briefly rose above $48,000. However, Litecoin (LTC) has yet to benefit. Meanwhile, the ongoing NuggetRush (NUGX) presale is attracting more attention. The project combines memes with utility. NuggetRush is bullish NuggetRush offers a unique blend of gaming utility and meme culture. As a play-to-earn…
Wyckoff Analysis (WA) aims to understand why prices of stocks and other market items move due to supply and demand dynamics. It typically is applied to any freely traded market where larger or institutional traders operate (commodities, bonds, currencies, etc.). In this article we will apply WA to the cryptocurrency Storj ($STORJ) to make a forecast for approximate future events. Storj Price Data from MEXC Futures | Source: STORJUSDT.P on tradingview.com. Link to the raw image: https://www.tradingview.com/x/BGsOkzGM Storj is currently in Phase E of a Wyckoff Distribution Schematic #1. StockCharts…
Wyckoff Analysis (WA) aims to understand why prices of stocks and other market items move due to supply and demand dynamics. It typically is applied to any freely traded market where larger or institutional traders operate (commodities, bonds, currencies, etc.). In this article we will apply WA to the cryptocurrency Cosmos ($ATOM) to make a forecast for approximate future events. Cosmos Price Data from MEXC Futures | Source: ATOMUSDT.P on tradingview.com. Link to the raw image: https://www.tradingview.com/x/r8asKWOI Cosmos $ATOM is currently in Phase D of a Wyckoff Accumulation Schematic #1.…
Bill Morgan, a cryptocurrency enthusiast and lawyer, has underscored an insightful factor towards investing in the XRP token. Bill Morgan On XRP Price Action The lawyer recently used X (formerly Twitter) to share his optimism about XRP’s price action. According to the analyst, traders and investors interested in the crypto asset’s price movement should concentrate on the long term. Bill Morgan’s post addressed yesterday’s volatility and how the cryptocurrency community perceived it. The X post was published in response to “Matt,” the Moon Lambo YouTube Channel host. The host refuted…
Bitcoin is witnessing profit-booking by short-term holders, but institutional investors continue to put money into BTC investment products. Bitcoin (BTC) has been on a tear, rising more than 10% this week. This shows that traders are urgently scrambling to buy Bitcoin as they anticipate the price to rally further. CoinShares data shows that investors have pumped in more than $1.44 billion into Bitcoin investment products in the past ten weeks. The expectation is that the approval of a spot Bitcoin exchange-traded fund (ETF) will attract huge investments. Animoca Brands CEO…
Crypto financial services firm Matrixport has reaffirmed its bullish projection on the future trajectory of the Bitcoin price. While at it, the firm also mentioned when this is likely to happen based on past cycles and historical performance. When Bitcoin Will Hit $125,000 In a report that dwelled on the sustainability of the bull market in 2024, Matrixport mentioned that Bitcoin will hit $125,000 by the end of 2024. Before then, they project that Bitcoin will hit $63,140 by April 2024. April 2024 is scheduled to be when the Bitcoin…
We’re rolling out genuine use cases for AI and crypto each day this week — including reasons why you shouldn’t necessarily believe the hype. Today get two for the price of one: Blockchain based AI marketplaces, and financial analysis. It may not seem like the most exciting use case blending AI and crypto, but both Near co-founder Illia Polosukhin and Framework Ventures founder Vance Spencer cite blockchain-based marketplaces that source data and compute for AI as their top pick. AI is an incredibly fast-growing industry requiring ever-increasing amounts of computing…
Current bullish indicators in Ripple XRP price prediction suggest a potential rise in its short-term value. How far will it go? XRP, the digital currency associated with the company Ripple, has been experiencing a dynamic phase, marked by both gains and fluctuations. XRP’s value saw notable changes over the past month. It first experienced a drop amid Binance news which saw its ex-CEO Changpeng Zhao’s exit and XRP fell to around $0.58 on Nov. 22, however, it has made a swift recovery as of Nov. 24 and is trading at…
Bitcoin’s price action shows consolidation and significant volatility, focusing on the $38,000 resistance level and market sentiment indicators. How high can Bitcoin go? Bitcoin (BTC) has shown resilience and bounced back above $37k levels after declining to $35k levels on Nov. 15. BTC has maintained its bullish outlook despite a period of sliding prices influenced by the absence of significant developments in the spot Bitcoin exchange-traded fund (ETF) and other macroeconomic factors. Moreover, over the past few weeks, Bitcoin’s journey has been marked by a pattern of higher lows and…