Tag: Price

Will Bitcoin price rise or fall after the BoJ rate decision on Dec. 19?

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The Bitcoin price has remained on edge this week as investors await the Bank of Japan’s interest rate decision scheduled for Dec. 19. Summary Bitcoin price has pulled back this week as traders wait for the BoJ interest rate decision. Polymarket odds of a rate cut have jumped to 99%. Bitcoin has formed a bearish flag pattern on the daily chart. Bitcoin (BTC) token was trading at $87,700 at press time. This price was about 7.47% below the highest point this month, and 30% below the all-time high. Odds of…

Crypto Reaching Must Hold Support Levels for Hopes of C-Leg Rally for Bitcoin, XRP & Altcoin Market

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Blockchain Backer Newsletter – Blockchain Backer’s Technical Analysis Toolkit for Crypto – Blockchain Backer 702 Digital Art NFT Collection on XRP – Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts. DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The…

XRP Price: 850% Upside or 50% Crash? Experts Share Mixed Opinions

Key Notes Some analysts point to XRP’s prolonged trading below the 50-week SMA as a historically bullish signal. Prior cycles show that when similar conditions have led to rallies of 200% to over 800%, implying upside targets as high as $9.55–$17.30. Spot XRP ETFs have recorded over 30 consecutive days of inflows and surpassed $1 billion cumulatively. After failing to hold the $2.0 support level, XRP XRP $1.87 24h volatility: 2.1% Market cap: $113.23 B Vol. 24h: $3.53 B price has been showing a one-directional move to the bottom. This…

Bitcoin price shifts as miners, Asian whales keep selling as institutions quietly buy BTC

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Bitcoin price keeps falling as miner liquidations, Asian whale selling, and China’s renewed mining crackdown outweigh ongoing institutional BTC accumulation. Summary China’s renewed mining restrictions cut Bitcoin hash rate by about 8%, pressuring miners to liquidate BTC and adding forced sell-side flow.​ Long-term “OG” Asian holders accelerate distribution on exchanges like Binance, Bybit, and OKX, offsetting institutional accumulation on Coinbase.​ U.S. institutions keep buying BTC, but regional selling from Asia and distressed miners caps upside until excess supply is fully absorbed.​ Bitcoin prices continued to decline despite institutional purchasing activity,…

Bitcoin price forms inverse cup and handle pattern as $160M in liquidations spook bulls

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Bitcoin price has been experiencing volatility for over a month, which has led to the formation of a bearish inverse cup and handle pattern. This comes as liquidation spikes continue to sideline buyers. Summary Bitcoin price has been trading range-bound since late November. $160 million was liquidated from Bitcoin in the past 24 hours. A multi-month inverse head and shoulders pattern has formed on the daily chart. According to data from crypto.news, Bitcoin (BTC) price went up from $86,000 to an intraday high of $90,165 on Wednesday before settling at…

XRP Price Weakens Sharply—Are Bulls Losing the Fight?

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…

Ethereum Price Continues to Slide—Where Is the Next Support?

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Ethereum price failed to stay above $3,000 and declined further. ETH is now consolidating and might soon aim to start a recovery wave if it clears $2,880. Ethereum started a fresh decline below the $2,950 zone. The price is trading below $2,900 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,800 zone. Ethereum Price Dips To New Weekly…

Bitcoin Price Rejection Sparks Bearish Pressure—Support Under Threat?

Bitcoin price attempted to start a fresh increase but failed at $90,000. BTC is now consolidating and might struggle to clear the $88,000 zone. Bitcoin started a fresh decline below the $87,000 zone. The price is trading below $87,500 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $86,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it settles above the $87,500 zone. Bitcoin Price Consolidates Losses Bitcoin…

Here’s What To Expect With The XRP Price Trading Under $2

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A new XRP price outlook from a crypto analyst outlines its recent breakdown below $2 and the factors that could influence its next moves.  According to the analysis, Bitcoin’s ongoing retracement and key support levels could trigger a stronger correction for XRP. However, this projected downtrend is expected to pave the way for a reversal to higher target levels. XRP Price Outlook Tied To Bitcoin Retracement While the broader crypto market continued to trend lower, crypto market expert Tara shared a fresh technical analysis on XRP. On Tuesday, she stated…

XRP Price Falls To Critical Support Level, Is It Time To Panic?

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XRP now finds itself trading around the $1.90 region due to an extensive pullback in the past 30 days. The question is now whether this pullback is a structural weakness or a necessary reset within a larger bullish structure.  A technical analysis shared by crypto analyst Tara focuses on this exact moment, highlighting why the current level could be far more important than it looks on the surface. XRP Tests A Macro Fib Support Zone Around $1.88 XRP’s price action in the past 24 hours saw it declining to an…