Tag: Bullish

Dogecoin Price Flashes Bullish Pennant On Daily Heikin Ashi Chart, What This Means

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Este artículo también está disponible en español. Crypto analyst Trader Tardigrade has drawn the community’s attention to a bullish pattern on the Dogecoin price chart. Based on this development, the analyst provided insights into how high the Dogecoin price could rise in the short term.  Dogecoin Price Flashes Bullish Pennant Trader Tardigrade revealed in an X post that the Dogecoin price has reached the tip of a bullish pennant on the daily Heikin Ashi chart. With this occurrence, the analyst claimed a breakout was just around the corner. He added…

On-Chain Indicator Signals Bitcoin Cycle Top Is Far Ahead – Data Confirms Bullish Outlook

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Este artículo también está disponible en español. Bitcoin currently ranges between $65,000 and $69,500 following two weeks of bullish price action, sparking renewed optimism among analysts and investors. The prevailing sentiment is that BTC is on the verge of reaching new all-time highs in the coming weeks, with confidence building that March’s cycle top predictions may have been premature.  Related Reading Key metrics from CryptoQuant reveal that Bitcoin is still far from typical cycle-top conditions, instead signaling a bullish outlook as we move into November. As the U.S. election approaches…

Bitcoin 2024 Forecast: Experts Split on $125K Bullish or $40K Bearish BTC Outlook

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Bitcoin’s future value remains a hot topic, with Finder’s latest survey reflecting expert opinions on its trajectory. While BTC is expected to hit $77,636 by the end of 2024, long-term projections predict growth to $113,364 by 2025 and $282,238 by 2030. Despite this cautious optimism, opinions are divided, especially concerning bitcoin’s mainstream adoption for everyday […] Original

Study: Trump Win Likely to Spark Bullish Trend in Crypto Prices

A recent study reveals that nearly two-thirds of surveyed U.S. citizens (64.7%) believe a Donald Trump or Republican victory in the presidential election would spark a bullish trend in crypto prices. This optimism stems from the Republican Party’s business-friendly reputation, which resonates with crypto enthusiasts. On the flip side, only 9.1% of respondents think a […] Source CryptoX Portal

Bitcoin Price Retests Bullish Channel At $65,000, Analyst Reveals What’s Next

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Este artículo también está disponible en español. Crypto analyst MMBT Trader has revealed that the Bitcoin price is retesting a bullish channel at the $65,000 price level. He further mentioned what market participants should expect if the flagship crypto holds above or breaks below this bullish channel.  Bitcoin Price Retesting $65,000 And What Could Come Next MMBT Trader mentioned in a TradingView post that the $65,000 support zone is now the major daily support, and market participants can expect a valid retest of the channel breakout. The analyst claimed that…

Cardano (ADA) Struggles to Build Bullish Momentum: Will It Turn Around?

Cardano price started a fresh decline below the $0.3550 zone. ADA is consolidating above $0.3400 and might attempt a recovery wave. ADA price started a downward move below the $0.3500 support level. The price is trading below $0.3550 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.3600 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could attempt a recovery wave if it clears the $0.3585 resistance zone. Cardano Price Consolidates Losses After testing…

Ethereum Bullish Breakout Confirmed – Top Analyst Predicts $3,400 Target

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Este artículo también está disponible en español. Ethereum (ETH) trades above $2,600 after a 5% retrace from local highs around $2,750. Over the past two weeks, ETH has maintained a bullish trajectory, sparking optimism across the market as investors look for further signs of strength in the price action. Top analyst and investor Carl Runefelt recently shared a technical analysis, highlighting that Ethereum has broken out of a bullish pattern that began forming in early August. According to Runefelt, once ETH confirms solid demand around its current level, it’s only…

7 Reasons To Be Bullish On Bitcoin This Week

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Este artículo también está disponible en español. In an analysis shared on X, crypto analyst Patric H. from CryptelligenceX outlines seven reasons why investors should be bullish about the Bitcoin price trajectory this week. “How can anyone be bearish here?! BTC broke the weekly downtrend, closing above key levels, and some people still call for sub-$40k?! Sorry, bears, you clearly missed the fundamental changes of the past two weeks,” he states. #1 Mt. Gox Bitcoin Repayment Deadline Extension The defunct exchange Mt. Gox has filed for a change in its…

Bitcoin Gets Bullish MACD Signal as BTC Eyes $70K Breakout

The moving average convergence divergence (MACD) histogram, a technical analysis indicator used to gauge trend strength and changes, has flipped positive on the weekly chart for the first time since April, according to charting platform TradingView. It signifies a renewed upward shift in momentum, implying a bullish resolution to bitcoin’s prolonged back and forth trading between $50,000 and $70,000. Source

Bitcoin Leverage Ratio Witnesses Notable Spike — Bullish Or Bearish For Price?

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Over the past week, Bitcoin (BTC) has been enjoying attention from all tiers of investors; from short-term traders to institutional players. This can be seen in the strong performance of spot Bitcoin ETFs in the previous week. Similarly, the Bitcoin derivatives market appears to be witnessing increased risk-taking behavior from traders as shown by recent on-chain data.  Bitcoin Market Now In ‘A Risk Zone’ — What’s Happening? Leverage is a tool that allows traders to control substantial positions with a relatively small amount of capital. While leverage helps traders and…