Tag: Key

BTC’s chance of new price highs grows as key support falls

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Key points: Bitcoin’s recovery remains on track, backed by solid demand from the spot Bitcoin ETF buyers. BNB, HYPE, and SOL are leading the altcoin charge higher, signaling solid buying by the bulls.  Bitcoin (BTC) rose to $116,495 on Friday, and the relief rally is backed by solid buying in the spot BTC exchange-traded funds (ETFs), which witnessed $1.7 billion in net inflows this week, according to data from SoSoValue. Crypto trader and analyst Matthew Hyland spotted the most extreme level of tightness on the Bollinger Bands on the monthly…

Key Bitcoin Price Levels to Watch as BTC Taps $115K

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Key takeaways: Bitcoin price rose 1.5% to over $115,000, with onchain indicators suggesting market momentum is picking up.  BTC must hold above $115,000 to secure the recovery, with resistance at $116,000-$121,000. Bitcoin (BTC) price was up on Friday, rising 1.5% over the past 24 hours to trade above $115,000. Several technical and onchain indicators suggest the BTC market is “advancing on firmer footing” to higher levels, according to Glassnode. Bitcoin derivatives “set the tone” for BTC price Bitcoin’s ability to stage a sustained recovery has been curtailed by weak spot…

Ethereum Price Surges Past $4,500 – Key Levels to Watch for More Gains

Ethereum price started a fresh increase and climbed above $4,500. ETH is now consolidating and might aim for more gains if it clears $4,550. Ethereum is now eyeing an upside break above the $4,550 zone. The price is trading above $4,500 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $4,470 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,550 and $4,580. Ethereum Price Eyes More Gains Ethereum price started…

Ethereum Price Forming Base – Key Levels That Could Trigger a Breakout

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Ethereum price started a fresh decline below the $4,450 zone. ETH is now consolidating and might aim for a fresh increase if it clears $4,380. Ethereum is still struggling to recover above the $4,400 zone. The price is trading below $4,380 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it settles above $4,350 and $4,380. Ethereum Price Faces Hurdles Ethereum price started…

Bitcoin Above Key Trendline But Below ATH – Is The Next Rally Loading?

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Bitcoin’s recent price action has positioned the cryptocurrency at a pivotal crossroads. While it has successfully broken above a key long-term trendline, it remains locked in a consolidation pattern below its all-time high (ATH). This dual dynamic creates a compelling and uncertain environment, leaving investors to ponder the most critical question in the market: Is the next explosive rally finally loading? Bitcoin Breaks Long-Term Trendline: A Familiar Cycle Signal CryptoELITES, a seasoned crypto analyst, recently revealed a highly bullish perspective on Bitcoin’s recent price action. According to the analysis, Bitcoin…

Solana (SOL) Rally Builds – Can Bulls Extend Gains Beyond Key Levels?

Solana started a fresh increase above the $212 zone. SOL price is now consolidating above $210 and might aim for more gains above the $218 zone. SOL price started a fresh upward move above the $202 and $210 levels against the US Dollar. The price is now trading above $210 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $212 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $218 resistance…

XRP Price Eyes Breakout Zone – Can Key Hurdles Unlock Bigger Rally?

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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…

Bitcoin Holds Key Support Amid Gravestone Doji

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In his latest daily technical outlook, Cryptowzrd highlighted that Bitcoin closed the day with a gravestone doji, while holding above a critical level. According to the analysis, more bullish candles are needed to sustain momentum and push the price toward the $120,000 resistance, especially as the market contends with ongoing fundamental pressures. Fundamentals Support Bitcoin Despite Weak NFP Print Cryptowzrd highlighted that the daily candle of Bitcoin closed indecisively, signaling uncertainty as the market evaluates its next move. Despite this indecision, BTC remains above the crucial $110,500 level, which continues…

SUI Bulls Target $3.50 After A Breakout From This Key Chart Pattern

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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…

Key Insights and Community Reaction

Key Notes Cardano founder Charles Hoskinson announced the release of a transparency report that vindicates ADA redemptions. According to the BDO-backed audit, 99.2% of the ADA vouchers ended up being redeemed. Also, there were no hints of a deliberate blocking of ADA redemptions. Cardano founder Charles Hoskinson feels vindicated after the release of the ADA audit report showing that the protocol was not involved in any redemption fraud. EMURGO shared a link to the transparency report that revealed Masato Alexander wrongly accused Hoskinson and the Cardano network.  What the Cardano…