Tag: Bullish

Here’s Why Ethereum Price Remains Bullish Above $2.8K

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Ether (ETH) price is up 11% since plunging below the $3,000 mark on Nov. 22, reclaiming key support levels. Analysts say that increased demand from institutions, coupled with the end of quantitative tightening, could lead to a recovery toward $3,600 next. Key takeaways: Ethereum demand is recovering along with ETF inflows. The end of the Fed’s QT on Dec. 1 will unlock liquidity into crypto markets. Ether’s V-shaped chart pattern hints at a $3,600 target if key support holds. Ether’s apparent demand hits a 26-month high Ethereum’s Apparent Demand has…

Bitcoin price signals bullish three drives pattern at $75k

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Bitcoin’s price is testing the $75,000–$78,000 support cluster as a potential three-drive pattern forms, raising early signals that a structural bottom may be forming after weeks of heavy downside pressure. Summary Market sentiment around Bitcoin is cautiously improving as volatility compresses near support Social and on-chain activity indicate a slowdown in panic selling Macro uncertainty continues to influence market behavior, adding weight to Bitcoin’s current inflection zone Bitcoin’s (BTC) recent price action continues to show broad weakness after an extended downside move erased several major structural levels. The market remains…

Ethereum Price Attempts Fresh Recovery as Bullish Pressure Builds

Ethereum price started a recovery wave above $2,880. ETH might gain bullish momentum if it manages to settle above the $3,000 resistance. Ethereum started a recovery wave above $2,850 and $2,880. The price is trading above $2,900 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,000 zone. Ethereum Price Eyes Upside Break Ethereum price managed to…

Dogecoin Just Replicated This Bullish Trend For The 3rd Time, Can Price Still Reach $1?

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An interesting setup observed by crypto analyst Bitguru could suggest that the Dogecoin price is on the path to another major recovery. This setup has previously led to major rallies in the past, having produced similar results at two separate times. Thus, it is not a stretch that the crypto analyst expects that Dogecoin will replicate this move once the setup is complete again. Dogecoin Moving Out Of Consolidation The trend that the crypto analyst highlights has to do with the overall trend and movement of the Dogecoin price during…

Bitcoin price reclaims $86K with rare bullish reset sign

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Bitcoin price may be gearing for a rebound with a cleaner setup after prolonged leverage wipeout. Summary Bitcoin trades near $87K after a major leverage flush that cleared out excessive long positions. CryptoQuant analysts say fear, oversold readings, and reduced open interest could support a slow recovery. The chart still leans bearish with downward-sloping averages and weak momentum. Bitcoin was trading near $86,646 at press time, up 0.6% in the last 24 hours. The daily range sat between $85,483 and $87,995. The coin remains down 10% over the past week after a…

Bitcoin Open Interest Plunge Could Spark ‘Bullish Trend’

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Bitcoin open interest has dropped off as the cryptocurrency’s price has slid over the past month, which an analyst argues could see Bitcoin hit a bottom and spark a “renewed bullish trend.” Open interest in terms of Bitcoin (BTC) has seen its “sharpest 30-day drop of the cycle” at around 1.3 million BTC, currently worth $114 billion with Bitcoin trading at $87,500, analyst “Darkfost” posted to CryptoQuant on Sunday. The cascading price of BTC over the past few weeks “continues to trigger liquidations,” pushing traders to double down or readjust…

XRP Price Recovers Slightly, Showing Subtle Signs of Bullish Reaccumulation

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

ARK Invest Adds Bullish, BitMine, Circle, Robinhood and Bitcoin ETFs

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ARK Invest closed out the week with a fresh round of accumulation across several of its flagship funds, picking up positions in Circle, Bullish, BitMine, Robinhood and Bitcoin ETFs as crypto-related equities rebounded. The largest set of purchases targeted Bullish, with ARK Innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF) and ARK Next Generation Internet ETF (ARKW) expanding their exposure, according to trade notifications for Friday. Combined, these buys amounted to about $2 million, following Bullish’s 5.75% gain on the day. ARK also continued accumulating BitMine, with purchases across ARKF,…

BTC Hides Bullish Twist in Crypto’s Fastest Bear Market

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Bitcoin (BTC) fell to $80,600 on Friday, extending weekly losses to more than 10%. Its monthly drawdown has now reached 23%, the steepest decline since June 2022. The drop below $84,000 also pushed BTC to test the 100-week exponential moving average for the first time since October 2023, aligning exactly with the start of the current bull cycle. Bitcoin one-week analysis. Source: Cointelegraph/TradingView Bitcoin futures liquidations surpassed $1 billion, underscoring the severity of this downturn, described by the Kobeissi Letter as the “fastest bear market ever.” Key takeaways: Crypto market…

Bitcoin Hits 2-Year Bearish Extreme — Historically Bullish?

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According to CryptoQuant data, Bitcoin has moved into what analysts are calling the most bearish phase of the last two years, sending prices down sharply and weighing on the broader crypto market. Related Reading The coin slid from a peak above $126,000 on Oct. 6 to $83,790, a drop of around 34% that erased roughly $715 billion in market value. Bull Conditions Have Weakened Rapidly Reports have disclosed that CryptoQuant’s Bull Score Index fell to 20 out of 100 last week, driven by weak spot buying, negative price momentum, and…