Tag: Bullish

Bitcoin gains bullish momentum amid declining open interest

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Bitcoin (BTC) has gained a slightly bullish momentum after its fall from the $70,000 mark. The small push comes as the BTC total open interest (OI) plunged by over $1 billion. BTC is up by 0.6% in the past 24 hours and is trading at $66,500 at the time of writing. The asset’s market cap surged to $1.3 trillion with a daily trading volume of $44 billion. BTC price, whale activity, open interest and RSI – April 3 | Source: Santiment According to data provided by Santiment, the total Bitcoin…

Why Is This Analyst Super Bullish?

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Altcoins like Ethereum, Cardano, Solana, and the rest might be lower at spot rates. However, according to one analyst who sees a parallel in the current formation to the 2020 market cycle, they are gearing up for a potential surge.  In a post on X, the analyst says that often, after a period of accumulation and a retest of previous highs, altcoins tend to be volatile. The crypto analyst also notes that Bitcoin has pulled back from its all-time highs and is preparing for a possible retest of this level…

12 Future Bitcoin Scenarios: From Bullish to Bearish

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Johnston gives a quick example. “Let’s say I wanted to earn native bitcoin yield, with no wrapping, no bridges, and no third parties.” This is tough for a layperson. (Not that a layperson would ever say the words “native bitcoin yield,” but you get the picture.) With AI-empowered bitcoin, says Johnston, you could just say something like, “I want my bitcoin to earn some yield in a safe and decentralized manner,” and it would do the research to find solid, reputable, non-custodial solutions, and “not some crap that a YouTube…

Ethereum Price Stays Bullish As Indicators Point To Fresh Upside

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Ethereum price is signaling positive moves above the $3,550 zone. ETH could gain bullish momentum if it clears the $3,650 resistance zone in the near term. Ethereum started another increase from the $3,500 support zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,650 resistance zone. Ethereum Price Could Accelerate Higher Ethereum price…

Can This Bullish Chart Pattern Propel Bitcoin Price To $75,000?

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The Bitcoin price has experienced a notable resurgence over the past week, drawing parallels to the optimism often associated with Holy Week among Christians. This renewed momentum has infused the entire market, leading to significant profits for other major cryptocurrencies in the last seven days. The resurgence of the Bitcoin price seems to be at its nascent phase, with a popular crypto pundit on the X forecasting a bullish trajectory for the premier cryptocurrency over the coming days. Bitcoin Price To Reach $75,000? In a recent post on the X…

Cardano Latest Technological Updates Unveiled, Analyst Maintains Bullish Outlook on ADA

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Cardano (ADA), the proof-of-stake blockchain platform, has made notable progress in technological advancements, according to Input Output Hong Kong (IOHK), the engineering firm behind the Cardano blockchain. IOHK’s recent announcement highlights crucial improvements across various aspects of the platform, signaling further growth and development for Cardano. Cardano Smart Contract Optimization One significant area of improvement lies within the ledger team, which has reportedly enhanced test frameworks and data quality in the Newconstraints phase3. They achieved this by introducing constraints and new types such as Size, SizeSpec, and Sized.  The engineering…

Bitcoin Ready To Rip? Indicator Prints Bullish Signal After 9 Years

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One analyst on X thinks Bitcoin bulls may be in for a treat in the coming months after one key indicator printed a buy signal for the first time in nearly a decade. While pointing to a bullish crossover on the 2-month chart’s Golden Moment Indicator, the analyst said the signal is again flashing green in almost nine years.  Further cementing this outlook, this is forming as yet the Supertrend indicator, which has historically preceded every major Bitcoin uptrend, is also bullish. BTC bull signals print | Source: Analyst on X…

Blackrock CEO Larry Fink ‘Very Bullish’ on Bitcoin — Hails IBIT ‘the Fastest Growing ETF’ Ever

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The CEO of Blackrock, the world’s largest asset manager, Larry Fink, says he is “very bullish on the long-term viability of Bitcoin.” Noting that he is “pleasantly surprised” by the demand for Blackrock’s spot bitcoin exchange-traded fund (ETF), he emphasized that the Ishares Bitcoin Trust (IBIT) is “the fastest growing ETF in the history of […] Original

Analysts Bullish On FLOKI As Price Surges 9.8%, New ATH Soon?

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Floki Inu (FLOKI) performed stellarly this month, with crypto analysts and traders forecasting bullish moves for the token. As the crypto market recovers from its slowdown, with Bitcoin (BTC) leading the way, the dog-themed token appears to be preparing to take off. Analysts Share Bullish Forecasts For FLOKI’s Future Two weeks ago, analysts considered that FLOKI was showing a strong performance amid the crypto market slowdown. The token, which has been on an upward trajectory since the end of February, “held up nicely” at the time. While most of the…

Dogecoin (DOGE) Surges to $0.21, Bullish Bets Rise to $2B on Twitter Payments Speculation

“Dear #Dogecoin, with X’s new payment branch being awarded more licenses in the U.S., many are speculating about the implementation of crypto payments in the platform,” Dogecoin developer @@mishaboar said in an X post Thursday. “Early this month, Elon said X is very close to landing a money transmitter license in California. Getting the license in NY will still take a few months,” he added. Source