Tag: Bullish

The US Federal Reserve is making some analysts bullish on Bitcoin again

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Signs of a steady Bitcoin (BTC) price recovery emerged earlier this week as investors shifted away from the U.S. dollar on weaker-than-expected economic data. In detail, Bitcoin’s drop last week to below $33,000 met with a healthy buying sentiment that pushed its per token rate to as high as $39,300 on Feb. 1. As of Thursday, BTC’s price dipped below $37,000 but was still up 13% from its local bottom. Meanwhile, the U.S. dollar index (DXY), which measures the greenback’s strength against a basket of top foreign currencies, rose to…

Volume Of Bitcoin Illiquid Supply Points To Growing Bullish Sentiment

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The way bitcoin holders move the BTC in and out of their wallets can often be a strong indicator of where the market might be headed next. Not just the movements of the asset, but where they are being moved to. An example of this is when more investors are moving their holdings to exchanges, which means that sell sentiment has risen and investors are dumping their coins, and vice versa. In this same line, looking at the liquid and illiquid supply of bitcoin can also be another strong indicator.…

Solana’s Outlook Bullish Post Phantom’s Fundraising Round

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Solana was on rebound as the coin was seen trading above the $100 mark. At the time of writing, Solana was exchanging hands at $107.82. This token’s recovery came right after Phantom, Solana’s native wallet concluded a successful fundraising round. In recent times, as the cryptocurrency market experienced a major-sell off, Solana too hovered in the oversold zone. The bulls have resurfaced and technical outlook reflected a positive change at the time of writing. Over the last 24 hours, SOL gained close to 17%. Over the last week, SOL was…

Bullish or Bearish? 2022 Markets Started Rough, but It Wasn’t Just Crypto

CryptoX – Cryptocurrency Analysis and News Portal Today on “The Breakdown,” NLW looks at what the first month of the year taught us about what to expect in 2022. Overall, he argues that the most important megatrend was the shift from risk-off to risk-on as the U.S. Federal Reserve looks towards quantitative tightening later in the year.  He looks at: Original Source The post Bullish or Bearish? 2022 Markets Started Rough, but It Wasn’t Just Crypto appeared first on CryptoX. CryptoX Portal

Bitcoin’s ‘MACD’ Indicator Threatens Long Term Bullish Bias as Rate Hike Fears Linger

CryptoX – Cryptocurrency Analysis and News Portal “The correction is driven by macro factors, specifically expected rate increases and liquidity tightening from the U.S. Fed. The 60d correlation between BTC and the S&P 500 was virtually 0 at the end of 2017 – now, it is over 65%,” Noelle Acheson, head of market insights Genesis Global Trading, said in a LinkedIn post titled “Did You Say Crypto Winter.” Original Source The post Bitcoin’s ‘MACD’ Indicator Threatens Long Term Bullish Bias as Rate Hike Fears Linger appeared first on CryptoX. CryptoX…

Bitcoin’s ‘MACD’ Indicator Threatens Long Term Bullish Bias as Rate Hike Fears Linger

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“The correction is driven by macro factors, specifically expected rate increases and liquidity tightening from the U.S. Fed. The 60d correlation between BTC and the S&P 500 was virtually 0 at the end of 2017 – now, it is over 65%,” Noelle Acheson, head of market insights Genesis Global Trading, said in a LinkedIn post titled “Did You Say Crypto Winter.” Original

Bitcoin ‘Doji’ points to bullish reversal scenario as BTC holds $36K support

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It is not too late for Bitcoin (BTC) to reclaim its bullish bias as it halfway paints an indecisive ‘Doji’ candle on the weekly chart. In detail, Bitcoin’s price correction this week to below $33,000 had it form a lower wick, suggesting that bulls bought the dip. A sharp retracement ensued and took BTC price to as high as $38,960 on Jan. 27. However, the bulls failed to hold the said week-to-date top for too long, resulting in another wick, but also pointing to the upside. BTC/USD weekly price chart…

Stellar To Deploy Smart Contracts By End Of 2022? XLM Reacts Bullish

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Stellar (XLM) records a positive performance in 24-hours as the crypto market in general recovers from its sell-off. As of press time, XLM trades at $0.20 with a 4.8% profit in the last day. Related Reading | Stellar Development Foundation Launches New Account Model, How Users Will Benefit XLM trends to the upside in the 4-hour chart. Source: XLMUSDT Tradingview On January 25th, Stellar Development Foundation (SDF) Vice President of Technological Strategy Tomer Weller announced via Twitter the integration of smart contract on this network. With a tentative deployment date…

Bullish Exchange Hits Record Daily Trading Volume of $300 Million

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Bullish, a prominent technology firm in the digital asset ecosystem, recently announced that the Bullish Exchange saw record numbers on 25 January 2022. According to the details shared by the company, the total 24-hour trading volume on the exchange crossed $300 million on Tuesday, the highest level on record. In total, the platform crossed $5 billion in trading volumes. Launched in November 2021, Bullish Exchange witnessed consistent growth in the last few weeks. In terms of 24-hour trading volumes, the company achieved the milestone of $100 million on 9 December…