Tag: Key

China and South Africa Boost BRICS Ties: Key Outcomes from Xi’s Meeting With Ramaphosa

China and South Africa committed to deepening cooperation within the BRICS framework during South African President Cyril Ramaphosa’s second state visit to China, where he met with Chinese President Xi Jinping. The leaders emphasized the importance of expanding BRICS and enhancing economic coordination to support sustainable development. China and South Africa Reaffirm Commitment to Strengthening […] Source CryptoX Portal

Bitcoin Price Drops Below $58K Again, BTC To Make A Comeback Says Key Metric

boss

Este artículo también está disponible en español. After briefly trading above $59,000 in the early hours of Tuesday, Bitcoin price has now seen a significant retracement, dropping below the $58,000 price mark once again. However, despite this struggle to rally, a CryptoQuant analyst named Kripto Mevsimi recently shared an intriguing observation regarding Bitcoin price on the CryptoQuant QuickTake platform. Related Reading Bitcoin’s Sharpe Ratio Hits New Lows: Bullish Signal Or A Warning? According to the analyst, Bitcoin’s short-term Sharpe ratio has dipped to levels last seen during September-October 2023. For…

FET Price Targets $3.4 After Bullish Breakout, Key Levels To Watch

boss

Este artículo también está disponible en español. The Artificial Superintelligence Alliance (FET) has seen a remarkable performance in the last two weeks. Amid the latest market shakeouts, the AI crypto token saw a significant increase, surging over 60% a week ago. In the last 24 hours, the token has recorded a 4% price surge, retesting a crucial resistance level that could propel the price near its all-time high (ATH). Related Reading FET Sees 30% Monthly Surge FET showed a formidable price action throughout August despite the market retraces, seeing a…

Bitcoin Price Rebounds, But Key Hurdles Could Stall Progress

boss

Este artículo también está disponible en español. Bitcoin price started a recovery wave from the $57,200 zone. BTC is rising, but it might struggle to surpass the $60,200 and $61,150 resistance levels. Bitcoin is attempting a recovery wave above the $58,000 support zone. The price is trading above $58,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $58,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could face heavy resistance at $60,200…

Toncoin (TON) Price Action Signals 30% Crash After Losing A Key Level

boss

Este artículo también está disponible en español. The crypto market is driven by fear and uncertainty as Toncoin (TON) faces a deeper correction following days of intense selling pressure. The arrest of Telegram CEO Pavel Durov last Saturday triggered a sharp decline in TON’s price, resulting in a more than 25% retrace. This development has alarmed investors, raising concerns about the asset’s near-term outlook.  Related Reading Top analysts and investors increasingly view TON as being in a correction phase, with one prominent analyst predicting an additional 30% drop from current…

Bitcoin Technical Analysis: BTC Fails to Break Key Resistance Levels

boss

On September 2, 2024, at 7:30 a.m. EDT, bitcoin’s price stood at $58,388, fluctuating within an intraday range of $57,257 to $58,698. With a trading volume of $29.57 billion and a market capitalization of $1.15 trillion, the leading crypto asset demonstrated significant volatility. Technical indicators reveal persistent downward momentum, suggesting that traders should remain cautious […] Original

Why Is Bitcoin Price Down Today? Key Reasons Explained

boss

Este artículo también está disponible en español. While Bitcoin was trading at $59,076 yesterday, it dropped to as low as $57,127 during the early Asian trading session today. BTC closed the week at $57,565, once again losing important ground needed to create a bullish reversal. The trajectory is impacted by several factors. #1: Macro Fears Of A Recession The looming threat of a US recession is causing palpable tension in financial markets. This is especially pertinent for Bitcoin, which has not yet weathered a full economic downturn since its inception.…

Key Supports That May Spark a Bullish Upside?

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…

Will MANA Hold The Line? Key Trendline Retest Could Lead To An Upsurge

boss

Este artículo también está disponible en español. Decentraland (MANA) is at a critical juncture as it faces a key trendline retest that could determine its next major move. With the price hovering near a crucial support level, market watchers are keen to see whether MANA will hold the line and spark a bullish reversal.  A successful defense of this trendline could trigger an upsurge, propelling the cryptocurrency to new highs. However, failure to hold could lead to increased volatility and uncertainty. All eyes are now on MANA’s ability to withstand…