Tag: Parabolic

Crypto Analyst Who Called Bitcoin’s Parabolic Rally Picks Altcoin Set To Pop

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Predicting the Bitcoin price movements and when altcoin prices will rally again is not a small feat but one analyst has managed to do so. Crypto analyst TonyTheBull has been calling for a bull market, saying that this cycle differs from previous ones in the fact that there will be a rally this year. This proved to be true last week when the price of Bitcoin started surging and hit as high as $35,100. Now the analyst has called the next altcoin to outperform, and it already is. Fetch (FET)…

XRP Dominance Reveals Start Of Next Parabolic Price Move

Crypto analyst Jaydee recently took to X (formerly Twitter), sharing another intriguing chart of XRP. The analyst presented the 2-month XRP dominance chart spanning from 2014 till today, shedding light on the cryptocurrency’s historical and potential future price actions. This examination brings to focus a falling trend line and a horizontal resistance line, which showcases a critical XRP dominance level at 2.62% that could be key for the price’s next parabolic move. XRP Dominance Sits Just Below Key Level Delving into the historical performance, the chart showcases moments when the…

Chainlink To Go “Parabolic” After Breaking 28-Month Downtrend?

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Chainlink (LINK) is trading at $7.60, still unable to escape the range between $5 and $8 it has spent over a year in. Its recent attempt at a rally, however, has triggered an important “parabolic”signal following a length, 28-month long downtrend. Chainlink Taps Parabolic SAR After 28-Month Downtrend Chainlink earned itself a reputation as a “blue chip” cryptocurrency during the last bear market. While Bitcoin, Ethereum, and other altcoins remained relatively bearish until the end of 2020, LINKUSD defied all odds and expectations by rising nearly 10,000% leading up to…

Bitcoin ‘parabolic advance’ means BTC price all-time high in 2023 — Trader

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Bitcoin (BTC) will hit new all-time highs in 2023, and October is the favorite month for it, a popular trader says. In a Twitter update on June 22, Credible Crypto argued that the next four months should deliver the bullish BTC price momentum needed to tackle $69,000. October “fairly logical” for new Bitcoin all-time highs Bitcoin has put in solid performance this month, and Credible Crypto is increasingly optimistic for continuation. To do so, BTC/USD needs to present increasingly larger green monthly candles to keep it in line with previous…

The Bitcoin mining boom is quietly going parabolic

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Bitcoin (BTC) may be struggling at $30,000, but under the hood, all-time highs of a different kind keep coming. The latest data shows that Bitcoin network fundamentals — difficulty and hash rate — will hit new records this week. Bitcoin mining difficulty, hash rate refuse to slow down Bitcoin’s 2023 recovery has been about more than just BTC price action, with miners seeing a significant turnaround of their own. As BTC/USD added 70% in Q1 alone, pressured mining participants saw some much-needed relief after the bear market squeezed profit margins…

Native Token for New Crypto Exchange Launched by 3AC Founders Goes Parabolic After Being Listed on SushiSwap

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An Ethereum-based altcoin has outperformed most of the crypto markets over the last week as the founders of bankrupt hedge fund Three Arrows Capital (3AC) gear up to launch their own exchange. FLEX Coin (FLEX) is the native token of CoinFLEX, a crypto exchange that has recently undergone restructuring and is set to have its assets acquired by OPNX, an exchange launched by 3AC founders Su Zhu and Kyle Davies. OPNX aims to be the first crypto exchange that allows for the trading of bankruptcy claims while also providing standard…

Why are artificial intelligence tokens going parabolic? Watch Market Talks live

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In this week’s episode of Market Talks, Cointelegraph welcomes Average Joe’s Crypto, a research analyst and writer. He authors his own blog, which focuses on all things crypto, Web3 and decentralized finance (DeFi). Without wasting any time, we jump straight into why artificial intelligence (AI) tokens have been going parabolic recently. Why have tokens that use artificial intelligence in some way been having their moment in the sun, and is this a trend that will continue into the future or is it just a passing fad?  There have recently been…

“Parabolic” Signal That Triggered Past Bitcoin Bull Runs Reappears

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Bitcoin price made a 5% move today, poking above $19,000 momentarily. It is currently the largest daily climb of 2023 and since the FTX collapse.  More significantly, the sharp rally tagged a level that triggered a possible trend change according to the weekly Parabolic SAR. In the past, the technical indicator has lived up to its name. What could it mean this time? Bitcoin Makes Biggest Move Of 2023 The start of 2023 has been positive for altcoins. But up until today, Bitcoin has been mild by comparison.  Following today’s…

Bitcoin holds 5-week high as trader suggests ‘parabolic’ bear trend is over

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Bitcoin (BTC) took aim at $24,000 on July 20 after a night of solid gains put bulls in the driving seat. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Parabolas violated Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it breached $23,800, its highest level since June 13. Against expectations, crypto staged a recovery beyond an intra-hour “fake-out” as risk assets benefitted from declining United States dollar strength. The inverse correlation between the U.S. dollar index (DXY) and Bitcoin remained center stage on the day, with the greenback coming…