Tag: Bullish

Bitcoin inches closer to a 10-year record, as other stats turn bullish

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The world’s first cryptocurrency Bitcoin (BTC) is one day away from matching its historic 15-day win streak if its positive price movement keeps up. In November 2013 Bitcoin posted a 15-day consistent positive price movement, the longest in its history. ₿REAKING: #Bitcoin price has increased 14 days in row — A single day away from making a historic new record! pic.twitter.com/qclJhikcds — Documenting ₿itcoin (@DocumentingBTC) January 17, 2023 Right now, BTC is on day 14 of its win streak, hitting four-month highs in the process. One more day of upwards…

5 altcoins that could breakout if Bitcoin price stays bullish

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The cryptocurrency markets have made a strong comeback in the past few days. That drove the total crypto market capitalization to $995 billion on Jan. 14, according to CoinMarketCap data. Bitcoin (BTC) led the recovery from the front and skyrocketed above $21,000 on Jan. 14. After the sharp rally, the big question is whether the recovery is a dead cat bounce that is a selling opportunity, or is it the start of a new uptrend. It is difficult to predict with certainty if a macro bottom has been made but…

Popular Crypto Analyst Goes Bullish On BTC And AVAX, Here’s What He Said

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Due to the Bitcoin (BTC) and crypto market uncertainty, predicting the following trend pattern for crypto assets is usually difficult. However, analysts have always released predictions for most crypto assets. While some projections turned out to be accurate, some still failed to happen as predicted. One analyst became popular for releasing an accurate prediction for Bitcoin’s 2018 bottom six months before the period. However, the pseudonymous analyst and trader, Smart Contracter, is suddenly bullish in his recent predictions. Analyst Scraps Bearish Stance On Bitcoin (BTC) Smart Contracter took to Twitter…

Monero On A Bullish Run But Will The Momentum Hold?

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The Monero price has rallied over the past week since the broader market recovered. Over the last 24 hours, XMR was consolidating despite its weekly gains. The coin traded laterally over the past few sessions before it started to dip on its chart. As momentum halted recently, it is still uncertain whether XMR will resume its upward price movement. The technical outlook of the coin continued to side with the bulls despite lateral trading. Accumulation remains high on the chart despite a downtick in demand over the last trading sessions.…

Chainlink Sees Long-Term Bullish Div, What To Expect In 2023

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The Chainlink price has had a somewhat mediocre performance over the past few months. Once a cryptocurrency that was within the top 10 by market capitalization, LINK has currently slipped to 22nd place. However, within the next few months, Chainlink could be poised to outperform other cryptocurrencies. In addition to the fundamentals, LINK’s weekly chart shows an extremely bullish occurrence. The chart reveals that the LINK price has formed a bullish divergence with the RSI on a weekly basis. The bullish divergence is shown by the fact that the price has…

Dogecoin Price Prints Bullish Pattern, Why Close Above $0.08 Is Critical

Dogecoin formed a base near $0.066 and started a fresh increase against the US Dollar. DOGE could rise further if there is a close above the $0.080 resistance. DOGE gained pace and traded above the $0.075 resistance against the US dollar. The price is trading above the $0.0750 zone and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0740 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair could rise further if there is a clear…

Euro Bullish Sentiments Abound as Region Appears Set to Hold Off Recession

More observers are growing bullish on the euro this year despite its relative slump against the US dollar in 2022. Currency analysts and experts are turning bullish on the euro as the continent tries to withstand a recession. With 2023 well underway, the markets head into uncertainty amid shifting economic data and fiscal policy. However, currency experts maintain that this trend could spell positive news for the euro.  According to Steve Englander, head of global G-10 FX research at Standard Chartered: “The euro is trading within its late December range, but incoming…

ApeCoin Climbs 21% In Last 7 Days As Sentiment Remains Bullish

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Investors and traders of ApeCoin (APE) have been seeing some big gains since the start of 2023. With the crypto market experiencing a surge in prices, ApeCoin has been riding the bullish wave upwards showing gains on almost all timeframes.  ApeCoin is riding the bullish momentum, while Yuga Labs’ Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) remain some of the dominant collections available on the NFT market.  According to DappRadar, the two collections are first and second in terms of trade volume in the past month.…

Bitcoin Price Struggles Above $17K, Why BTC Is Still In Bullish Zone

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Bitcoin price extended its rise and traded towards $17,400. BTC is correcting gains, but it remains well supported near the $17,000 zone. Bitcoin extended its increase above the $17,000 and $17,200 resistance levels. The price is trading above $17,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $16,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rise further if it stays above the $17,000 support and the trend line. Bitcoin Price Extends Increase…