Tag: Bullish

Bitcoin NVT Golden Cross Hits 60-Day Low: Is This Bullish?

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On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross has plummeted recently. Here’s what this could mean for BTC’s price. Bitcoin NVT Golden Cross Has Plunged Into Bottom Zone Recently As explained by an analyst in a CryptoQuant Quicktake post, the BTC NVT Golden Cross has declined to the lowest level in two months recently. The “NVT Ratio” refers to an indicator that keeps track of the ratio between the Bitcoin market cap and transaction volume. When the value of this metric is high, it means the…

Dogecoin (DOGE) Lags Behind: Struggles to Reignite Bullish Momentum

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Dogecoin started a downside correction from the $0.400 zone against the US Dollar. DOGE is now consolidating and might attempt a fresh increase if it stays above $0.3350. DOGE price started a fresh decline below $0.3880 and $0.3650. The price is trading below the $0.3550 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.3520 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.3520 and $0.3550 resistance…

Chainlink Is In The Middle Of A Bullish Breakout – Analyst Sets $50 Target

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Este artículo también está disponible en español. Chainlink (LINK) is navigating a turbulent market phase, recently experiencing an 11% decline after reaching a local high of $27 yesterday. This pullback reflects the heightened volatility sweeping through the cryptocurrency market, particularly affecting altcoins. Many altcoins, including Chainlink, are facing sharp declines and aggressive price swings as traders respond to uncertain conditions and Bitcoin’s consolidation near all-time highs. Related Reading Despite the recent dip, optimism remains among analysts and investors. Top analyst Ali Martinez shared a technical analysis on X, highlighting a…

Ethereum Is Ready For The Next Big Move – Analyst Shares Bullish Target

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Este artículo también está disponible en español. Ethereum (ETH) has been underperforming in recent weeks, with its price action leaving investors disappointed following last week’s flash crash and heightened volatility. Despite initial hopes for a recovery, ETH has struggled to regain momentum, trending downward since mid-December. This lack of bullish movement has left investors eager for a surge that could break Ethereum out of its current slump. Related Reading Adding to the anticipation, top analyst Carl Runefelt recently shared a technical analysis suggesting that Ethereum may be preparing for its…

Trump Brings TradFi & Crypto Together, Bullish for New Crypto

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The CEO of Franklin Templeton, Jenny Johnson, has said that blockchain technology will soon be used to create ETFs and mutual funds. He is confident Trump will be a good influence on crypto and open up the doors for clearer regulations through the integration of old-school finance and the new bad-boy crypto. TradFi investments will, therefore, see a massive spike. Another positive development in the crypto space has been the acquisition of USCY (the world’s largest tokenized money market fund) by Circle, the owner of the USDC stablecoin. The company…

Toncoin Gears Up For A Fresh Rally With Bullish Momentum Building

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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

Expert Bullish On Cardano: Forecasts Explosive Rally To $3 Once This Resistance Is Broken

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Cardano (ADA) has struggled to maintain the bullish momentum it experienced in recent weeks, with its price still trailing approximately 67% below its all-time high of $3.09, reached during the 2021 bull run.  Despite this significant gap, analysts believe that the potential for a robust price recovery exists in the coming weeks and months ahead of the new year. Cardano Consolidates Above Key Moving Averages, Poised For Breakout Trend Rider, a prominent analyst on the social media platform X (formerly Twitter), provided insights on Cardano’s current price action, noting that…

CME Bitcoin (BTC) Options Show Most Bullish Sentiment Since Trump Election Victory, ETF Inflows Surge

On Tuesday, bitcoin (BTC) options trading on the Chicago Mercantile Exchange (CME) showed the strongest bullish sentiment since Donald Trump’s Nov. 5 election victory. Traders scrambled to buy calls, or options offering asymmetric upside exposure, driving the skew higher to 4.4%, the most since early November, according to data tracked by digital assets index provider CF Benchmarks. Skew is the difference in implied volatility between calls and puts, or options offering downside protection, and positive values represent a bullish sentiment. “Thirty-day topside skew in the bitcoin options market has reached…

Bitcoin price forecasted ‘highly bullish’ if this support level holds

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Bitcoin is expected to retain its upward momentum if it successfully defends the key support level, Matrixport says. After breaking out of a narrowing wedge pattern, Bitcoin (BTC) now faces a pivotal test at $89,260, a support level seen as crucial for its continued upward momentum. In an X post on Jan. 21, Singapore-based blockchain firm Matrixport said that Bitcoin’s price outlook depends on staying above this threshold. In a chart shared by the firm, Bitcoin is seen breaking out of a narrowing wedge pattern. The cryptocurrency, with a market…

XRP Breaks Out Of Bullish Flag Pattern – $4 Target In Sight

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Este artículo también está disponible en español. XRP has captured the crypto market’s attention with its impressive bullish performance, surging over 45% in just six days. The token’s rally reached a new milestone on Thursday as it broke its all-time high, solidifying its position as one of the top-performing assets in the market. With Monday’s inauguration of President-elect Donald Trump on the horizon, speculation about the potential impact of his administration on the crypto space is driving even more bullish sentiment for XRP. Related Reading Top analyst Ali Martinez recently…