Tag: Price

Head And Shoulders Pattern Says Bitcoin Price Is Headed Below $100,000

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Amid the bearish pressure that has rocked the market, the Bitcoin price continues to fluctuate around the $110,000 support, especially with selling pressure building up. This has led to predictions that the Bitcoin price is headed for another crash amid the weakness. One analysis that stands out comes from crypto analyst Toby Dawson, who pointed out the formation of a bearish Heads and Shoulders pattern that could trigger a cascade below $100,000. Head And Shoulders Pattern Points Downward In the analysis shared on the TradingView website, Dawson outlines the formation…

XRP Price Downtrend Extends — Sellers Target Fresh Lows After Support Break

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 & Altcoin Market Range Sweeps Until Trend Emerges, Constant Traps, XRP and Alt Examples

▶ 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…

Long-term Investor Moves 2,300 BTC to Paxos: Will Bitcoin Price Go to $100K?

Key Notes Whale wallet from 2018 moved $250 million in Bitcoin to Paxos while retaining 32,490 BTC valued at $3.4 billion. Bitcoin ETFs experienced three consecutive withdrawal days totaling $798 million in net outflows during late October. Technical indicators show BTC trading at $107,256 with RSI at 40.50 suggesting weakening momentum and potential breakdown risk. A dormant Bitcoin BTC $106 878 24h volatility: 2.8% Market cap: $2.13 T Vol. 24h: $71.71 B wallet dating back to 2018 has transferred 2,300 BTC, worth roughly $250 million, to Paxos Exchange. The whale…

Here’s What Happens To The Dogecoin Price After The Consolidation Phase Ends

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Dogecoin has spent the past several days locked in a tight decline that has seen it push lower. The meme coin has struggled to break above $0.19, slipping between $0.17 and $0.18 in what could be described as another consolidation phase.  This movement follows a series of attempts to recover losses in October, which failed with a rejection at $0.205. The current chart setup has attracted interest among traders who believe a major rally move is close. A technical analysis posted on the social media platform X highlights what could…

Cardano (ADA) Price Drops 5% Amid Trader Shorts, Hoskinson Blames Community for DeFi Struggles

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Cardano (ADA) continued its downward slide on Monday, falling over 5% to trade around $0.57, extending last week’s 10% decline. Related Reading: XRP’s Next Earthquake: Billions Set To Flow In, ‘Supply Shock’ Coming—Analyst Market data from CoinGlass shows trader sentiment turning increasingly bearish, with ADA’s long-to-short ratio at 0.75, the lowest this month. The metric indicates that more traders are betting on further declines. On-chain data mirrors this negative outlook. According to Santiment, daily active addresses on the Cardano network dropped from 32,115 in mid-October to 24,280 on November 3,…

Zcash Price Prediction: Network Activity Hits Record High – Are Privacy Coins the New Trend?

The rally did not just capture traders’ attention but sent the network’s hashrate to an all-time high, making ZEC mining one of the most profitable coins as Bitcoin remains range-bound. ZEC Mining Booms as Hashrate Hits Record Levels Zcash’s PoW system, powered by the Equihash algorithm, is seeing unprecedented activity. The network’s hashrate has surged to an all-time high of 12.53 GS/s. Unlike Bitcoin’s SHA256, Equihash makes Zcash mining more resource-intensive but now, significantly more rewarding. Currently, Bitmain’s Antminer Z15 Pro ASIC generates roughly $39.56 in daily profits after electricity…

Can Bitmine’s Latest Purchase Keep Ethereum Price Above $3,500 Amid $120M Balancer Exploit?

Key Notes Bitmine purchased 82,353 ETH on Nov. 3, raising total holdings to 3.4 million ETH valued at $14.2 billion. Ethereum dropped to $3,566 following a $120 million Balancer exploit before rebounding to $3,620 amid oversold conditions. Death cross formed as 50-day MA crossed below 200-day MA, signaling potential downtrend unless bulls reclaim $3,750. On Nov. 3, Tom Lee-led Ethereum treasury firm Bitmine announced a new purchase of 82,353 ETH, expanding its total Ethereum holdings to 3.4 million ETH, valued at $14.2 billion. According to the company’s press release, the firm…

Solana Price Drops Below $180 Despite $199M ETF Inflows, What’s Behind the Decline?

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Solana (SOL) has slipped below the critical $180 mark even as institutional inflows into newly launched Solana exchange-traded funds (ETFs) reached nearly $199 million in just one week. Related Reading The Solana price is hovering around $175, marking a 6.4% daily decline and extending a week-long correction that has erased almost 12% of its value. Despite ETFs managed by Bitwise, Grayscale, and 21Shares pushing total assets past $500 million, the influx of institutional capital has yet to stabilize prices. Analysts attribute the weakness to a broader risk-off sentiment across global…

Pundit Elaborates On Ripple/SWIFT Theory That Will Send The XRP Price To $1,000

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A prominent crypto commentator known as Remi Relief has expanded on theories linking Ripple, SWIFT, and the global banking system to the long-term valuation of XRP.  His post on the social media platform X came in response to a discussion initiated by well-known analyst Paul Barron, who questioned whether Ripple’s strategy has always been to bridge the increasingly fragmented world of bank-issued stablecoins. The idea brings attention to XRP’s utility in facilitating liquidity between institutional networks, with Remi Relief noting that this could push the XRP price to $1,000. The…