Analysis Archives

Bitcoin (BTC)’s ‘Outside Day’ Sets Stage for $70K Price, Altcoins Break Out: Technical Analysis

September 27, 2024

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Cryptocurrency Market Surge Analysis – CryptoCurrencyNews

September 25, 2024 boss

The cryptocurrency market experienced a significant surge today, with major coins like Bitcoin and Ethereum leading the charge. Bitcoin (BTC) saw a rise of 5%, reaching a new high for the month. Ethereum (ETH) followed closely with a 4% increase, buoyed by growing interest in decentralized finance (DeFi) applications. Several factors contributed to this upward momentum. Firstly, increased institutional investment played a crucial role. Companies like MicroStrategy and Tesla (NASDAQ:TSLA) have continued to bolster their Bitcoin holdings, instilling confidence in the market. Additionally, the recent approval of a Bitcoin ETF…

Ethereum Technical Analysis: ETH Trades Above $2,600 Amid Strong Market Activity

September 23, 2024

As of Sept. 23, 2024, ethereum is trading at $2,646, with an intraday price range of $2,531 to $2,684. Over the past 24 hours, ethereum has recorded a trading volume of $16.36 billion and a market capitalization of $318.56 billion. The cryptocurrency’s price is holding steady, reflecting a balanced market with mixed signals from technical […] Source CryptoX Portal

Bitcoin Technical Analysis: BTC Consolidates, Signaling Potential Breakout

September 23, 2024 boss

Bitcoin is currently trading at $63,554, following a fluctuating 24-hour range between $62,479 and $64,687. Key technical indicators show mixed signals, with consolidation after recent resistance at $64,730. Traders are watching closely for potential entry points as market indecision sets in across multiple timeframes. Bitcoin On the 1-hour chart, bitcoin (BTC) shows signs of cooling […] Original

A Detailed Analysis of Ancient 2009 Bitcoin Wallet Spending Since 2015

September 21, 2024 boss

On Friday, Sept. 20, 2024, blockchain detectives were left stunned when five dormant bitcoin wallets from 2009 suddenly became active. In a fascinating twist, exactly nine years earlier on Sept. 20, 2015, a single block reward from 2009 was spent, with the owner transferring block height 2,800 along with several other block rewards. Since then, […] Original

Bitcoin Technical Analysis: Mixed Signals Keep BTC Below $60K, Short-Term Rebound Possible

September 16, 2024 boss

As of Sept. 16, 2024, bitcoin traded at $58,578, within a 24-hour range of $58,231 to $60,366. The leading crypto asset saw a daily trade volume of $26.95 billion, with a market cap of $1.15 trillion. Despite this high liquidity, bitcoin is struggling to break key resistance levels, as technical indicators show mixed momentum. Bitcoin […] Original

Bitcoin Technical Analysis: Path to $58K Blocked by Heavy Resistance at $56,000

September 9, 2024 boss

On September 9, 2024, bitcoin is trading for $55,321, rebounding from recent lows but facing strong resistance around the $56,000 mark. Oscillators and moving averages present a mixed picture, with signals split between sell and buy actions. Bitcoin Bitcoin’s price saw a short-term recovery, rising from a low of $53,636 on September 8 to $55,614. […] Original

SUI Price Analysis; Top Analyst Dives Into SUI Future Potential and More

September 3, 2024 boss

Este artículo también está disponible en español. The cryptocurrency market has always been a roller-coaster ride, and Sui (SUI) is no exception. Over the past week, SUI has experienced a significant drop, with a staggering 23% loss as market panic grips investors. Despite the strong developments within its ecosystem, SUI’s short-term performance appears to be clouded by fear, uncertainty, and doubt (FUD). However, amidst this turmoil, Mpeppe (MPEPE) is emerging as a potential contender for those seeking gains in the volatile crypto space. Mpeppe (MPEPE): Crypto Markets Favorite Meme While…

Ethereum Technical Analysis: ETH Price Hovers in Consolidation Zone

September 2, 2024

On September 2, 2024, ethereum was priced at $2,517, with a 24-hour intraday range of $2,407 to $2,531. Over the past week, its price fluctuated between $2,409 and $2,740, reflecting ongoing volatility. With a 24-hour trading volume of $14 billion and a market capitalization of $302.85 billion, ether’s market dynamics remain under pressure as it […] Source CryptoX Portal

Bitcoin Technical Analysis: BTC Fails to Break Key Resistance Levels

September 2, 2024 boss

On September 2, 2024, at 7:30 a.m. EDT, bitcoin’s price stood at $58,388, fluctuating within an intraday range of $57,257 to $58,698. With a trading volume of $29.57 billion and a market capitalization of $1.15 trillion, the leading crypto asset demonstrated significant volatility. Technical indicators reveal persistent downward momentum, suggesting that traders should remain cautious […] Original