Tag: Bullish

Stablecoin Exchange Inflow Mean Hits ATH, Why This Could Be Bullish For Bitcoin

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On-chain data shows the stablecoin exchange inflow mean has reached a new all-time high, here’s why this might prove to be bullish for Bitcoin. Stablecoin Exchange Inflow Mean Has Surged Up To A New ATH Recently As pointed out by an analyst in a CryptoQuant post, these inflows can be positive for Bitcoin in the long term, but might be bearish in the short term. The “stablecoin exchange inflow mean” is an indicator that measures the average amount of stablecoins per transaction going into the wallets of centralized exchanges. As…

Institutional Investors Remain Bullish As Short Bitcoin Sees Outflows

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Institutional investors have swung between bearish and bullish when it comes to bitcoin for the better part of this year. Each time though, the direction of their money always shows how they are currently looking at the crypto market. The same is the case for the past week, where numbers have pointed towards more bullishness for these large investors. Short Bitcoin Outflows Continue Since the market began its recovery trend, short bitcoin has been seeing outflows. The ETF had been quite popular and successful when it was launched earlier this…

Ethereum flashes a classic bullish pattern in its Bitcoin pair, hinting at 50% upside

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Ethereum’s native token, Ether (ETH), looks poised to log a major price rally versus its top rival, Bitcoin (BTC), in the days leading toward early 2023. Ether has a 61% chance of breaking out versus Bitcoin The bullish cues emerge primarily from a classic technical setup dubbed a “cup-and-handle” pattern. It forms when the price undergoes a U-shaped recovery (cup) followed by a slight downward shift (handle) — all while maintaining a common resistance level (neckline). Traditional analysts perceive the cup and handle as a bullish setup, with veteran Tom…

Will Binance Oracle Hamper Chainlink Growth Amid The Bullish Run

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Recently, the global leading crypto exchange Binance has created a record using Web 3. In addition, the giant crypto service provider recently unveiled its new decentralized Web 3 oracle network. The shift into Web 3 is skyrocketing gradually. More events, projects, applications, and activities are coming with more innovative additions. In addition, the new belief surrounding Web3 as the next future with greater possibilities fuels its popularity. Will Chainlink Continue Leading The Game? This new project from Binance serves as the first major competition to the other oracle services networks.…

ApeCoin Shows Bullish Bias; This Level Needs To Be Broken For A Rally To $7

APE’s price shows strength as it bounces from a downtrend range price rallied to a high of $5 with eyes set on $7.  APE could rally more as the price creates more bullish bias by breaking out of a downtrend triangle with eyes set on rallying higher. APE’s price remains strong on the daily timeframe below the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price action displayed by Apecoin (APE) in the past few days has been tremendous, with Bitcoin (BTC) creating a more…

Why This Bitcoin Indicator Points To Bullish Double Bottom

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Bitcoin continues to push to the upside closing several daily candles on the green, positively impacting the crypto market. At the same time, the benchmark cryptocurrency trends upwards, and the general sentiment shifts into greed territory for the first time since May 2022.  At the time of writing, Bitcoin (BTC) trades at $20,850 with a 1% profit in the last 24 hours and a 9% profit in the previous week, respectively. Ethereum (ETH) and Dogecoin (DOGE) are the best performers in the top 10 by market cap on similar timeframes. …

Ocean Protocol (OCEAN) Breaks Out With Bullish Bias, Will $0.25 Play Out?

OCEAN’s price shows strength as it bounces from a downtrend range price rallied to a high of $0.18 with eyes set on $0.25.  OCEAN could rally more as the price creates more bullish bias breaking out of its descending triangle with good volume as the price could rally to $0.25.  OCEAN’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. Ocean Protocol (OCEAN) has had a tough time this year as the price has maintained a downtrend, but…

AVAX Hits 1-Month High, DOGE Maintains Bullish Momentum – Market Updates Bitcoin News

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Avalanche rallied to a four-week high on Friday, as prices moved close to a key resistance level. The token hit a ceiling of $17.70 earlier in today’s session, which comes following several days of gains. Dogecoin also maintained recent sentiment, as prices climbed for a fourth straight day. Avalanche (AVAX) Avalanche (AVAX) rose to a one-month high on Friday, closing in on a key resistance level in the process. Following a low of $16.83 on Thursday, AVAX/USD made a move to a peak of $17.70 earlier in today’s session. This…

ETH Falls Below $1,500 — Market Momentum Remains Bullish – Market Updates Bitcoin News

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Ethereum dropped below $1,500 on Friday, as cryptocurrency markets fell following earlier gains in the week. Bitcoin was also in the red in today’s session, as the token moved closer to a breakout below $20,000. Overall, the global crypto market cap is down 1.90% as of writing. Bitcoin Bitcoin (BTC) fell lower for a second consecutive day on Friday, as bullish sentiment continued to fade. Following a peak of $21,022 on Wednesday, BTC/USD dropped in back-to-back sessions, with today’s decline sending the price to a low of $20,086.07. Today’s slip…