Tag: Bullish

Increase in ETH-BTC Ratio Fails to Inspire Bullish Crypto Market Positioning in Ether Options

“BTC continues to be ‘the’ macro asset for the crypto market and could also see some strong inflows as the macro environment shifts,” Noelle Acheson, author of the popular Crypto Is Macro Now newsletter, said. “Many large investors will continue to prefer BTC exposure for its liquidity, market cap, and relative stability. So, we could see some ETH outperformance on the ETF narrative, but BTC could again outperform once macro investor funds start to take crypto positions.” Source

Analysts are bullish on Aave, STEPN, and Pomerdoge in 2023

Three of the thousands of cryptocurrencies in 2023 have stood out for their approach and implementation of unique technology. Presently, investors are exploring Aave (AAVE), STEPN (GMT), and Pomerdoge (POMD), and retain a bullish outlook. Aave price performance Aave is a decentralized, open-source, and non-custodial money market protocol.  Each depositor can get interest by providing liquidity in different lending pools. Moreover, borrowers can get access to over-collateralized loans. Aave is trading at $65.84 on Aug. 14, 2023, within the $63.60 and $68.46 range in the past week.  In addition, AAVE…

Why People Are Bullish on Crypto Again

Then again, there’s practically a cottage industry of people who’ve made it their business to count all the times Bitcoin or crypto supposedly died. And, as sure as we are the sun will rise tomorrow, Bitcoin will likely keep adding blocks to the chain. That’s induction, baby! Source

Bitcoin & Top Assets See High Loss Taking, Is This Bullish?

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On-chain data shows Bitcoin and the other top assets are observing a high amount of loss-taking currently. Here’s what this could mean. Investors Of Bitcoin & Other Top Coins Are Capitulating Currently According to data from the on-chain analytics firm Santiment, the current trader capitulation that the largest assets in the market are seeing may be a bottom signal. The indicator of interest here is the “ratio of daily on-chain transaction volume in profit to loss,” which, as its name already implies, tells us how the profit-taking volume for any…

The Subtle Signs A Bullish Bitcoin Trend Is Brewing

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Bitcoin price remains stagnant for going on months now, with no clear trend developing and volatility in a downward spiral. However, some subtle signs are popping up that could suggest that a bullish Bitcoin trend is beginning to take shape. Make Friends With Strong Trends “The trend is your friend” is one of the most famous trading quotes, highlighting how capturing as much of the prevailing trend as possible can lead to the most profitable results. For this reason, in technical analysis, trend-following tools are among the most successful. But…

Bullish Breakout On The Horizon?

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In today’s micro update from Capriole, founder Charles Edwards presented a compelling analysis that draws parallels between the current low volatility of Bitcoin and its historical behavior in 2016. With Bitcoin’s price stagnating around the $29,000 mark, experts are closely watching for signs of a potential bullish breakout. “Bitcoin’s price remains at $29K, in a sideways consolidation that has created one of the absolute lowest volatility periods in Bitcoin’s 14 year history,” Edwards states. This prolonged period of low volatility is reminiscent of 2016, suggesting that a significant price movement…

Bitcoin holders turn to Ethereum, DigiToads supporters bullish on TOADS

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto investments necessitate a strategic outlook that underscores the enduring technological potential over the long term. Historical data serves to exemplify the steadfastness of investments centered on technology. The previous crypto cycle revealed promises such as institutional involvement, global adoption, and tangible asset integration on blockchain platforms. Investors’ decisions in the next six months preceding the bull market are expected to play a pivotal role in their returns. Notably, there has been a shift from Bitcoin…

Litecoin and Monero stumble, DigiToads retains bullish momentum

The crypto landscape is a dynamic interplay of volatility, where even established giants encounter hurdles while new entrants rise to prominence. Currently, Litecoin (LTC) and Monero (XMR) are grappling with downturns, while an emerging project, DigiToads (TOADS), is carving market share. Amid a broader market decline in July 2023, Litecoin and Monero suffered setbacks, falling by 40% and 30%, respectively. Their collapse reflects highlights the challenging crypto market conditions. Amidst increasing market interest, DigiToads is gaining popularity with its play-to-earn (P2E) gaming ecosystem.  The ongoing presale has already raised over…

Crypto Analyst Shares Bullish Insights on Chainlink As Users Accumulate 295 Million LINK

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Chainlink (LINK) has been one of the top trending tokens in recent weeks due to a combination of an overall positive price movement as well as exciting on-chain developments.  Following a recent buying spree in the LINK market, crypto analyst Ali Martinez has taken to social media platform X, providing some insights on the token’s potential price action. 29,000 Wallets Purchase 295 Million LINK Forming Major Support Level On August 11, Ali posted on X stating that Chainlink has established a strong support zone between $6.63 and $6.88 as about…