Tag: Bullish

Ether Profitability Metric Flips Bullish as ETH Price Targets $3K

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Ether’s (ETH) rebound to $2,300 over the weekend put large investors back into profit but is this a sign that ETH may rally to $3,000? Data from TradingView shows that Ether’s price rose 20% to $2,330 on Saturday from its local low of $1,940 reached on March 29. The recovery was fueled by the US and Iran’s announcement of a two-week ceasefire and a strengthening market structure. The rebound has also pushed ETH whales into profitability, according to data from CryptoQuant. ETH whales’ unrealized profit ratio reveals that wallets holding over 100,000…

Bitcoin Poised For Bullish Breakout—But Only If This Key Condition Is Met

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Bitcoin traded as high as $73,000 following a 9% price rally in the past week. However, the broader market suggests the leading cryptocurrency is still stuck in a bear phase that’s been dragging on for more than six months. Interestingly, historical data suggest that recent price movement could trigger a significant bullish rebound, providing investors with a mid-term to long-term relief period. Bitcoin Nears Key Support Level As Bulls Eye Historical Recovery Run In an X post on April 11, renowned analyst Ali Martinez shares a positive observation of the…

Solana (SOL) Maintains Strength, Gradual Gains Signal Bullish Bias

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Solana failed to stay above $85 and corrected some gains. SOL price is now consolidating and might aim for another increase above $85. SOL price started a downside correction below $84 against the US Dollar. The price is now trading above $82 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $82.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $80 zone. Solana Price Remains Supported Solana price failed…

Here’s Why Ethereum Price Remains Bullish Above $1,800.

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Ether’s (ETH) recent sell-off was stopped at $1,800, as bulls aggressively defended the level. Ether’s rebound above $2,100, along with on-chain and technical data, suggests that traders will hold the price above $2,000 for the short-term. Key takeaways: Ether’s profitability metrics drop to levels that have historically marked local bottoms. The MVRV Z-score and pricing bands suggest ETH price drop to $1,800 was the bottom. ETH price bounced off a multi-year trendline that has marked previous macro lows. Ether traders realize losses Onchain data shows that Ether’s Spent Output Profit…

Ethereum Net Taker Volume Rises To Most Positive Level Since 2023 – Bullish Reversal Soon?

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

How The February Bullish Trend Can Push It 20% Higher

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Crypto analyst Jordan has predicted that the Bitcoin price could rally to $80,000 in the short term. The analyst pointed to a February bullish trend that could spark this rally for the leading crypto.  Bitcoin Price Eyes Rally To $80,000 Based On This Trend In an X post, Jordan predicted that the Bitcoin price could rally to $80,000, citing a bullish trend that began in February. This was around when BTC formed a new local low of $60,000. Since then, the leading crypto has rebounded to as high as $76,000.…

Are The Rising Oil Prices Bullish Or Bearish For The Bitcoin Price?

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The ongoing tensions in the Middle East continue to put immense pressure on Bitcoin and other risk assets. As investor sentiments turn increasingly cautious, analysts are weighing the potential impact of rising oil prices on Bitcoin. The overall outlook is not looking good, with projections suggesting further downside for the leading cryptocurrency. A clearer path to recovery may only appear if regional tensions ease.  Surging Oil Prices Could See Bitcoin Crash Harder Market analysts have shared their thoughts and concerns with The Block about the ongoing US-Iran war and its…

20 Bitcoin Indicators Flash Bullish At The Same Time, And This Could Send Price To $150,000

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Crypto analyst Sweep has revealed that 20 Bitcoin indicators have flashed bullish at the same time, providing a bullish outlook for the leading crypto. Based on this development, the analyst has predicted that BTC could rally to $150,000, marking a new all-time high (ATH).  20 Bitcoin Indicators Hint At Rally To $150,000 In an X post, Sweep stated that 20 independent indicators are bullish at the same time. He noted that this has only happened three times in Bitcoin’s history, and each time was followed by a 300% rally. The…

The Crowd Is Bearish On Bitcoin, But History Says That’s Bullish

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Santiment data shows that bearish sentiment language is flooding social media at peak levels. However, this might actually be a good thing for smart bullish investors, as the sentiment data proposes that what retail traders are saying may be setting up the opposite move in price. Social Media Fear Shows Fading Bullish Language Data from Santiment’s social dominance tracking tool shows a vivid rise in bearish language dominating Bitcoin-related discussions on social media platforms. Terms like “crash,” “dip,” “pullback,” and “bloodbath” are now appearing more frequently across social platforms, and…

XRP yet to ‘price in’ 3 bullish catalysts, Bitcoin to $80K? Trade Secrets

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Bitcoin holds ground as rate cut hopes fade Bitcoin’s price is holding firm despite the market losing faith in more rate cuts from the US Federal Reserve, according to Kraken chief economist Thomas Perfumo. (Alex Thorn) “Bitcoin has remained range-bound even as rate expectations have shifted meaningfully,” Perfumo tells Magazine. Perfumo pointed out that not long ago, crypto traders were pricing in three Fed rate cuts by the end of 2026. He said that outlook has since flipped due to rising geopolitical tensions — particularly the conflict in Iran —…