Tag: Key

BTC forming bottom akin to 2018 with one key difference: Bloomberg analyst

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Mike McGlone, Bloomberg’s senior commodity strategist believes Bitcoin (BTC) could be developing a  “bottom” in the same way it did prior to 2019’s bull run but said there is a major difference this time around. During a Jan. 16 interview with crypto podcaster Scott Melker, McGlone argued unlike in 2018 when financial institutions such as the Federal Reserve were easing interest rates, this time they’re still tightening along with “every central bank.” “Back then the Fed already started easing and we held the bottom and broke out higher and then…

Trust is key to crypto exchange sustainability — CoinDCX CEO Sumit Gupta

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Investor sentiment has always been a critical driver in the crypto space. Both positive and negative sentiment influence ongoing trends — be they price movements, product launches or regulations. In 2022, sentiment worldwide suffered as major crypto firms and ecosystems collapsed, further straining investors amid an unforgiving bear market. While many showed resilience as Terraform Labs, Celsius and Voyager, among others, closed down, Sam Bankman-Fried’s alleged misappropriation of FTX customers’ funds drove even the most die-hard crypto investors to question the integrity of those running the show. A series of…

A key change in Ethereum options pricing hints that ETH price could rise beyond $1,350

Ethereum price (ETH) gained 10.2% from Jan. 4 to Jan. 10, breaching the $1,300 resistance without much effort, but has the Ether price move cast a light on whether the altcoin is ready to begin a new uptrend. Will Ethereum’s former resistance level turn to support? After testing the $1,200 support on Jan. 1, the eight-week ascending channel has displayed strength, but Ether bulls fear that negative newsflow might break the pattern to the downside. Ether/USD price index, 12-hour. Source: TradingView Despite the positive price trend, the sentiment around Ethereum…

Crypto Industry Key Topics to Be Explored at Blockchain Fest Singapore

Place/Date: Singapore – January 9th, 2023 at 11:16 am UTC · 3 min read Contact: Blockchain Fest, Source: FINEXPO Photo: FINEXPO On 16-17 February 2023, thousands of professionals in the Blockchain, Exchanges, Cryptocurrencies, NFTs, DeFi, Mining, Gaming, Online Payments, Investment, and FinTech Industries will gather at the Marina Bay Sands Convention Center for the Blockchain Fest Singapore 2023. The two-day event will feature a range of interactive sessions and panel discussions on a variety of topics, including Blockchain and Cryptocurrency Laws and Regulations 2023, featuring Surya Sarella, CEO of Blocksol…

Bitcoin (BTC) Price Clears Key $17,000 Resistance, Eyes $18,000 Mark

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For the BTC price, surpassing the $17,500 would be a major bullish move that will set the tone for a potential rally. Bitcoin (BTC) price recently gained some momentum that saw it break past the $17,000 benchmark. The flagship cryptocurrency surged to a new yearly high of $17,248, per CoinMarketCap data. However, it has since retraced its steps and was seen trading at $17,208, as of press time. Thus, representing an over 4% rise from its yearly low of $16,521 that was recorded on New Year’s day. What to Look…

Bitcoin Price Breaks Key Barrier And Aims Fresh Rally To $18K

Bitcoin price gained pace and cleared the $17,000 resistance. BTC is showing positive signs and might rise towards the $18,000 resistance. Bitcoin started a fresh increase above the $16,800 and $17,000 resistance levels. The price is trading above $16,800 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $16,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rise further towards the next hurdle near the $18,000 resistance. Bitcoin Price Gains Momentum Bitcoin price formed…

$16.8K Bitcoin now trades further below this key trendline than ever

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Bitcoin (BTC) is now further below a key moving average than it was at the pit of the March 2020 COVID-19 crash. In a tweet on Jan. 4, popular trader and analyst Rekt Capital revealed just how remarkable the current Bitcoin bear market really is. BTC price 200-week moving average out of reach Not only has Bitcoin now spent more time below its 200-week moving average (WMA) than ever before, it is now further beneath it than at any time in history. Looking at the weekly BTC/USD chart, Rekt Capital…

Bitcoin Price Plays Catch-Up, Why $28,000 Is A Key Level

The Bitcoin price is finally seeing some profits, but it seems weak compared to other crypto assets. The macroeconomic environment is waking up, shaking things across all asset classes.  As of this writing, the Bitcoin price trades at $16,800 with sideways movement in the last 24 hours. In the crypto top 10, BTC is lagging behind Ethereum, Binance Coin, and Cardano. These cryptocurrencies are positively reacting to the start of 2023.  BTC’s price moving sideways on the daily chart. Source: BTCUSDT Tradingview Bitcoin Price Aims For Higher Levels Per a…

Year of Bitcoin miners’ merge? Analysts predict key mining trends for 2023

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After a shocking year for Bitcoin (BTC), public miners will focus on strengthening balance sheets and minimizing costs this year, according to industry analysts. Bitcoin mining cost minimization will likely lead public miners to either go private or merge with other companies in 2023, Hash Rate Index’s Bitcoin analysts Jaran Mellerud and Colin Harper predicted. In a blog post titled “10 Bitcoin mining predictions for 2023,” the analysts pointed out that public miners are burdened with strict reporting requirements, such as spending millions of dollars on annual reporting. After many…

Bitcoin analyst reveals new key levels as Ethereum price nears 3-week high

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Bitcoin (BTC) continued to work on cracking the $17,000 mark on Jan. 4 as an “extremely tight” trading zone held firm. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $17,000 “possible” thanks to CPI print Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $16,906 on Bitstamp, up $300 from the previous day’s low. The largest cryptocurrency had benefited from a positive start to the year on Wall Street, this giving a broader boost to previously sideways crypto assets. “Bitcoin trading with legacy markets yesterday,” Filbfilb, co-founder of trading suite…