Tag: Bullish

XRP Whales Are On The Move Again, But Are They Bullish Or Bearish?

XRP could continue a price correction in the short term as recent price action has put it rebounding against a resistance level of $0.5. On-chain data has also revealed a row of transactions from whales of the cryptocurrency in the past 24 hours, but are they bullish or bearish on XRP? These large transactions have been a mix of both, although the trading volume of each transaction could point to them being bearish rather than bullish.  XRP Whales On The Move Large XRP transactions, often indicators of whale activity, have…

Goldman Sachs Warns Against Extrapolating Previous Bitcoin (BTC) Halving Cycles for Bullish Price Predictions

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More importantly, the macroeconomic environment on those occasions differed from today’s high inflation, high-interest rate climate. Back then, M2 money supply of major central banks – U.S. Federal Reserve, European Central Bank, Bank of Japan and People’s Bank of China – grew rapidly, as CoinDesk reported last year. Interest rates were stuck at or below zero in the advanced world, which catalyzed risk-taking across the financial market, including cryptocurrencies. Original

Bitcoin Displays Bullish Adam And Eve Double Bottom

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In his latest technical analysis, Christopher Inks, a recognized figure in the field of crypto analysis, points to the possible formation of a bullish Adam and Eve double bottom pattern for Bitcoin. This formation is spotted on the BTC/USD 1-hour chart and has significant implications for the cryptocurrency’s short-term price action. The chart depicts Bitcoin’s price movement with a distinct pattern that resembles two troughs with a peak in between. The first trough, known as the “Adam,” is characterized by a sharp, V-shaped bottom, indicating a rapid price decline and…

Is the Bitcoin (BTC) Price Rally Over? Reasons to Stay Bullish Despite Crypto Correction

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…

Analyst Are Bullish Despite Peter Schiff’s $20K Scenario

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Over the weekend, the Bitcoin (BTC) crash had the crypto community on its toes. With the price dropping to $60,000, many investors worried that the flagship cryptocurrency was in trouble ahead of the “Halving” event. Amid the correction, Bitcoin critic Peter Schiff claimed that his previous predictions regarding spot Bitcoin ETFs (exchange-traded funds) were correct and presented the possibility of a doom drop for BTC. Peter Schiff’s Doomsday Prediction For Bitcoin Back in March, known Bitcoin opposer Peter Schiff asserted what he thought was the problem with Bitcoin ETFs. According…

Ethereum Technical Analysis: ETH Teeters Between Bullish Breakout and Bearish Continuation

As ethereum fluctuates within a wide trading range from $2,991 to $3,266 on April 15, 2024, key technical indicators and chart patterns suggest a nuanced but potential shift in market sentiment. Despite a bearish trend over the past week, recent oscillator and moving average signals point towards a possible bullish reversal. Ethereum The relative strength […] Source CryptoX Portal

Milei Moneda eyes 10x gains; analysts bullish on BCH and SOL

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Following its halving, Bitcoin Cash (BCH) surged 90%, and Solana (SOL) saw a 319% jump in DEX volume, while Milei Moneda (MEDA) prepares for a potential 10x increase with its unique NFT offerings. Two heavyweights have been commanding attention in the early months of 2024: Bitcoin Cash (BCH) and Solana (SOL). Joining this spotlight is Milei Moneda (MEDA), a rising meme coin. As these tokens continue to gain momentum,…

Bitcoin Tumbles on Hot CPI Data, But This Analyst Stays Ultra Bullish: Here’s Why

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The better-than-expected United States Consumer Price Index (CPI) released on April 10 is already sending shock waves through the financial market. Bitcoin and most crypto assets are trading lower, extending losses recorded on April 9, weighing negatively against optimists. United States CPI Data Came In Hot According to Trading Economics data on April 10, CPI, a key economic metric for gauging inflation, rose 0.4% in March, pushing the annual inflation rate to 3.5%. Notably, this surpassed economist predictions and, most importantly, dashed hopes for the United States Federal Reserve (Fed)…

XRP Price Still Have A Chance For A Bullish Streak: Here’s How

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XRP price is struggling to clear the $0.6420 resistance. The price must stay above the $0.600 support to attempt a fresh increase in the near term. XRP is slowly moving lower from the $0.6420 resistance zone. The price is now trading below $0.6120 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $0.6020 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below the $0.600 support.…