Tag: Key

Bitcoin Price Hard Crash Or Mega Pump: Why $31,000 Holds The Key

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The Bitcoin price has been trading in a tight range around the $37,000 price level through the weekend. This tight trading suggests that there is a lot of fighting going on right now between the bulls and the bears as each camp tries to gain an upper hand over the other. As this tug of war continues, a crypto analyst has presented the most important level that will determine whether the bulls or the bears will claim dominance. $31,000 Is The Magic Number For The Bitcoin Price Crypto analyst Ben…

Shiba Inu Price Eyes Key Resistance, Poised For November Surge

As November unfolds, the Shiba Inu price action hangs in the balance, with technical analysis revealing a battleground of resistance and support levels that could determine the direction of the meme coin in the coming weeks. However, the bullish indicators are currently strong and could point to a continuation of the rally in the short term. Shiba Inu Price Analysis: Weekly Chart The SHIB/USD weekly chart illustrates a dynamic struggle between bullish and bearish forces. A quadruple bottom pattern, evident at support levels labeled 1, 2, 3, and 4, demonstrates…

Conflux Protocol Shuts Down This Key Feature After 2 Years

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After over two years of operation and maintenance by the Conflux Foundation, ShuttleFlow, a multi-asset bridge built on Conflux, is set to shut down.  Per the announcement, the platform was pivotal in driving progress within the decentralized finance (DeFi) arena, enabling “seamless” asset transfers across various chains.  Conflux Foundation Passes The Torch ShuttleFlow emerged as one of the advanced multi-chain asset bridges in the DeFi space. Its architecture facilitated interoperability between different blockchains, opening up new user possibilities.  Notably, ShuttleFlow enabled “effortless swaps” between external blockchains such as Ethereum (ETH)…

BNB Price Shows Signs of Life But $250 Is The Key To More Upsides

BNB price avoided a major decline below $200 and recovered against the US Dollar. It climbed above $235 and now faces many hurdles near $245 and $250. BNB price is slowly moving higher toward the $250 resistance. The price is now trading above $235 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $241.5 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might gain bullish momentum if there is a clear move above $250.…

Dogecoin Poised For Pullback After Failing To Hold Key Resistance

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Following a futile fight to break the $0.07 resistance, Dogecoin (DOGE) appears poised for a big drop. This was a warning in an October 31 X post by prominent crypto analyst Rekt Capital to his nearly 400,000 followers. According to the analyst, despite its notable rally last week, DOGE failed to break its diagonal resistance, which resisted its ascent for several months. As a result of this failure, DogeCoin’s price might decline significantly soon. Rekt Capital Analysis: DogeCoin’s Complex Weekly Close Below Resistance From Rekt Capital’s analytic chart, Dogecoin (DOGE)…

Bitcoin blasts through key resistance not seen since 2018

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Crypto analyst Jason Pizzino said in a recent YouTube video that Bitcoin (BTC) has broken above a key monthly resistance level for the first time since the 2018 bear market. Pizzino said Bitcoin closed above the monthly swing high from November 2018, marking the first time it has broken this resistance since the collapse after the 2017 bull market peak. The monthly swing tops are very, very important to this cycle. […] This essentially tells you the trend direction. Jason Pizzino Pizzino believes this breakout signals Bitcoin has likely bottomed…

Analyst Predicts Terra LUNA To Surge By 80-100% Following Key Event

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LUNA, the native token of the Terra 2.0 blockchain, was among the many gainers in the past week positively affected by Bitcoin’s impressive rally toward the $35,000 mark. According to data from CoinMarketCap, LUNA is up by 13.96% in the last seven days, providing some relief for investors who have had to endure the token’s bearish form in the previous weeks leading to this price rise.  As expected, LUNA’s current bullish form has now attracted much attention, with some analysts speculating there could be more gains in the coming weeks. …

Consultation on digital pound attracts more than 50,000 responses, privacy is key concern

The Bank of England’s consultation on the digital pound has sparked widespread public debate, underscoring critical concerns about privacy, cash usage and the currency’s future trajectory. The Bank of England has received more than 50,000 responses, on its idea of introducing a digital pound. Deputy Governor Jon Cunliffe talked about this in his speech, pointing out that people are worried about how private their information will be, what might happen to cash, and how the digital pound would actually work. Cunliffe said that if people use the digital pound, their…

BNB Price At Make-Or-Break Moment, Key Levels To Watch

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BNB price struggled to climb above $240 and corrected gains against the US Dollar. It is now approaching a major support zone at $220 and $215. BNB price is slowly moving lower toward the $220 support against the US Dollar. The price is now trading above $215 and the 100 simple moving average (4 hours). There is a key bullish flag pattern forming with resistance near $225 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might gain bullish momentum if there is a clear…

Bitcoin mining stocks are poised for a fall if the cryptocurrency hits this key level

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Now that bitcoin has pushed above its key resistance level of the year, the pressure is on for mining stocks, some of which could be in trouble if the cryptocurrency doesn’t reach $50,000 by the second quarter of 2024. Earlier this week bitcoin climbed as high as $35,000 at one point, after being stuck under $30,000 for several months. But the Bitcoin halving is expected in the spring and it will likely reduce companies’ revenue. That means the cryptocurrency may need to rally another 60% by then to lessen the…