Tag: Analysis

Price analysis 6/19: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

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The strength in the S&P 500 and weakness in the U.S. Dollar Index could limit the short-term downside in Bitcoin and select altcoins. The S&P 500 Index (SPX) has gained for five consecutive weeks, the first such instance since November 2021. In comparison, Bitcoin (BTC) is trading well below its local high of $31,000, made on April 14. This shows a clear divergence between the performance of the two asset classes. Some analysts expect Bitcoin’s range-bound action to continue for some more time. Cryptocurrency traders will be looking for some…

Price analysis 6/16: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

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Bitcoin has reclaimed the $26,000 level, but will large cap altcoins follow BTC’s rebound? Bitcoin (BTC) is witnessing a tough battle between buyers and sellers near the $25,000 mark. A minor cause of worry for the bulls is that even the news of BlackRock having filed an application for a Bitcoin spot exchange-traded fund could not boost prices higher. This suggests that investors remain cautious due to the regulatory overhang. However, this does not mean that professional investors have abandoned plans to invest in cryptocurrencies. The Laser Digital Investor Survey…

Buying Bitcoin is preferable to BTC mining in most circumstances — Analysis

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While intuitively, mining Bitcoin may appear like a highly profitable endeavor, research suggests otherwise.  After discovering Bitcoin, most users go down the rabbit hole and consider whether it is better to mine or buy Bitcoin directly. They usually give up due to the cost and rigor of running ASIC miners, regulatory uncertainty, and the lack of technical expertise. Hypothetically, if one overcomes the above challenges, they could enjoy advantages such as full autonomy over their operations and diversification of their crypto investment via physical hardware instead of directly purchasing Bitcoin,…

Price analysis 6/14: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

The entire crypto market awaits the result of todays Federal Reserve presser, and traders are hopeful that positive news will trigger a price breakout to the upside. The United States equities markets rose after the consumer price index print on June 13 came in below expectations but Bitcoin (BTC) and the altcoins failed to recover. This suggests that cryptocurrency traders are focused on crypto-specific issues and are not buying on favorable macroeconomic news.  However, there is a ray of hope for the bulls because Bitcoin is still holding above the…

BTC Technical Analysis Indicator Flips Bearish on Price, Scaring Crypto Twitter

Some technical analysts, however, say the signal is undermined by other factors, and macroeconomic events such as the U.S. inflation figure due today and Wednesday’s Federal Reserve decision will also influence bitcoin price performance. Still, the signal comes after BTC’s 16% decline from highs around $31,000 registered two months ago, raising questions about the sustainability of the bull revival witnessed early this year. Source AnalysisbearishBTCCryptoFlipsIndicatorPriceScaringTechnicalTwitter CryptoX Portal

Price analysis 6/9: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

Stock markets are showing strength, and selling by crypto traders has taken a pause. Is this a sign that Bitcoin and altcoins are about to reverse course? Bitcoin remains well above the crucial support at $25,250, indicating that market participants have shrugged off the news of the lawsuits by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase. When markets do not stay lower for long after negative news, it is a sign that traders are looking to buy the dips rather than panic and dump their holdings.…

Price analysis 6/7: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

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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.…

Bitcoin transitions into bull market after bottoming, analysis shows

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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

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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…