Such consolidations generally end with an upward breakout, one observer said. Original
Bitcoin's 'Triangular Consolidation' Is Bullish: Technical Analysis
Tag: Bullish
‘Be greedy, not fearful:’ crypto influencer’s bullish Bitcoin outlook
Crypto influencer CryptosRUs discussed the bullish technical and fundamental outlook for Bitcoin in his Oct. 30 livestream video. The YouTuber pointed to Bitcoin’s golden cross formation on the daily chart as a major technical indicator suggesting the top cryptocurrency is in a long-term bull market. The golden cross occurs when a short-term moving average crosses above a long-term moving average, signaling the start of an uptrend. He believes this golden cross could last until 2025 based on historical patterns. The youtuber also discussed Bitcoin potentially breaking $35,000 soon. If we…
This Chart Makes It Clear: Bitcoin Is Bullish
When Bitcoin price action is sideways and directionless for the better part of a year, bulls and bears argue over which direction will be ultimately chosen. However, considering macro conditions like rising interest rates, a sinking stock market, and mounting ting debt, bears aren’t ready to throw in the towel. But they might want to after seeing this chart. Bitcoin Price Chooses A Direction: Up And Away Bitcoin and other cryptocurrencies are normally notoriously volatile. But volatility has dwindled to next to nothing since the FTX collapse struck. Few have…
Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish
Hopes of approval for a spot Bitcoin (BTC) exchange-traded fund by the United States Securities and Exchange Commission boosted Bitcoin’s price by 27% in October. This improved sentiment, attracting aggressive buying by crypto investors. Bloomberg senior ETF analyst Eric Balchunas highlighted in a post on X (formerly Twitter) that ProShares Bitcoin Strategy ETF (BITO), the first futures-based ETF to get regulatory consent in the U.S. in 2021, saw its second biggest trading week ever at $1.7 billion. Similarly, Grayscale Bitcoin Trust (GBTC) recorded a volume of $800 million. The sharp…
Bitcoin On-Chain Data Points To Bullish Outlook, But There’s A Catch
Santiment, a leading blockchain intelligence platform, has recently provided insights pointing to a favorable short-term scenario for Bitcoin (BTC). However, according to other signals that seem ‘hidden,’ there’s a catch. These on-chain metrics can serve as the north star for investors looking to strategize their next steps. However, according to another metric, though recent revelations by Santiment might hint at continued positive momentum for Bitcoin, there’s also a possible contrary move that could play out. Bitcoin Sentiments Bullish On-Chain Indications Santiment’s recent post revealed a positive narrative for BTC’s immediate…
Bitcoin (BTC) Price Up 14% This Week as ‘Uptober’s’ Bullish Momentum Spreads to Crypto Market
“Big tech is expensive, and following underwhelming results this week, the sector no longer grows fast enough to justify premium prices,” he said. “Admittedly, they had plenty of room to reduce costs, but real growth comes from sales rather than costs.” Source
LINK Rides Bullish Waves With 43% Gains, Is $15 Possible?
LINK recorded impressive gains in the past week, with an over 43% seven-day price increase. However, the token’s price has slightly retraced in the last 24 hours, likely due to buyers taking profit after an aggressive accumulation phase for LINK tokens. Chainlink’s notable uptick could be due to the ongoing bullish waves in the broader crypto market. Bitcoin, the flagship cryptocurrency, recorded a significant uptick, surging to nearly $35,000, the highest in over a year. Bitcoin’s performance triggered a wave of optimism across the crypto market, causing most coins, including…
Dogecoin shaky while Tron uptrend continues, Everlodge buyers bullish
This article examines three emerging crypto trends. Tron (TRX) and Dogecoin (DOGE) have been on an uptrend. Meanwhile, Everlodge (ELDG), a new web3 project, has been attracting investors. Tron’s uptrend continues Tron has been performing well despite the current bear market. According to a recent report, the network processed over 6.5 billion transactions. Meanwhile, its total value locked (TVL) is up by 2.23%, reaching an all-time high of $6.75 billion. This expansion has driven TRX prices. With a market cap of $7.9 billion, the coin is up 9% in the…
Still Not Bullish On Solana? 4 New Reasons Why You Should Be
Solana (SOL) has been on the tip of many crypto enthusiasts’ tongues lately and with good reason. The vibrant ecosystem, strong partnerships, and a skyrocketing SOL price have given investors plenty to mull over. Here are four (new) reasons why you should lend Solana your attention. #1 Solana And The US Regulatory Landscape Solana’s prospects in the US seem to be intertwined with unfolding regulatory decisions. Vibhu Norby, founder of Drip Labs, today shared notable and positive insights from a recent Crypto Policy Bootcamp, tweeting, “Takeaways from Crypto Policy Bootcamp…
Dogecoin Aggressive 13% Surge: Fear/Greed Index Bullish Secrets
Dogecoin has been showing renewed exuberance with impressive figures this week, surging to an intraday high of $0.06525 Tuesday. This substantial rally allowed the cryptocurrency to surpass a significant resistance level positioned at $0.0640. Notably, this price breakthrough represented a momentous achievement for Dogecoin, as it hadn’t reached such heights since August 31. The cryptocurrency’s remarkable rebound from a low of $0.06068 indicated a resurgence in investor interest and enthusiasm, underlining the dynamic and often unpredictable nature of the cryptocurrency market. This event also served as a reminder of Dogecoin’s…