Tag: Price

Bitcoin OGs Taking Profits Keep Price Suppressed Say Analysts

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The price of Bitcoin will have a challenging road ahead as long as long-term holders continue to take profits, according to analysts. The failure of crypto markets to recover was not due to manipulation, paper Bitcoin, or suppression, “just good old-fashioned sellers,” said analyst James Check on Sunday. Check added that the sheer volume of sell-side pressure from existing Bitcoin (BTC) holders is still not widely appreciated, and that it was “the source of resistance” at the moment.  The analyst shared a chart showing that the average age of spent…

Ethereum Price Reaches Resistance — Breakout Could Signal Fresh Upside Leg

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Ethereum price started a recovery wave above $3,880. ETH is now rising and might aim for more gains if it clears the $4,050 resistance. Ethereum started a fresh recovery above $3,800 and $3,880. The price is trading above $3,920 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,940 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it trades above $4,050. Ethereum Price Rises Again Ethereum price struggled to settle…

Bitcoin Price Stabilizes After Drop — Early Signs Of Recovery Emerge

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Bitcoin price is attempting to recover above $107,500 and $108,000. BTC could continue to move up if it clears the $109,500 resistance zone. Bitcoin started a fresh recovery wave above the $105,000 resistance level. The price is trading above $108,000 and the 100 hourly Simple moving average. There was a break above a bearish trend line with resistance at $107,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it trades above the $109,500 zone. Bitcoin Price Eyes Recovery…

XRP Wallets Holding Over 10,000 Tokens Hit Record High Amid Price Recovery

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XRP has shown some signs of recovery over the past 48 hours, climbing about 5.3 % from its recent low, according to on-chain analytics platform Santiment. The rebound comes as investor confidence appears to be returning, as it coincides with a steady rise in mid to large-sized XRP holders. Particularly, on-chain data shows that the XRP ecosystem now has more than 317,500 wallets holding at least 10,000 XRP tokens for the first time in its history. Related Reading Mid To Large XRP Holders Reach Record 317,500 Wallets Despite XRP’s recent…

Bitcoin Price Forecast: Short Traders Propel BTC Futures to $80B, Can Michael Saylor Halt Market Crash?

Key Notes BTC futures volume jumped 22.76% to $81 billion as short traders positioned for renewed downside pressure. Michael Saylor hinted at another BTC acquisition after Strategy’s Bitcoin holdings value dropped $4 billion this month. Despite weekend gains, open interest stagnation signals low conviction among bulls and potential continuation of bearish momentum. Strategy CEO and Co-founder Michael Saylor dropped a cryptic tweet on Sunday, Oct 19, hinting at another BTC purchase. The post lauded a hypothetical next BTC purchase, accompanied by the firm’s Bitcoin holdings tracker. The data shows the…

Dogecoin Price Prediction: Will Elon Musk’s New Marketplace Drive DOGE to $1?

Key Notes Dogecoin price rebounds 3% to $0.20 on Sunday, October 19, after Elon Musk’s X announces a new marketplace for unused usernames. Traders speculate Dogecoin integration into XHandles payments as open interest rises 10.62%. Short traders still dominate derivatives markets despite weekend price recovery. Dogecoin price bounced 5% to $0.20 on Sunday, October 19, boosted by Elon Musk’s X, launching a new marketplace for unused usernames. Dogecoin price had closed its second consecutive losing week at $0.18, shedding 35% from its local top of $0.27 recorded on October 6.…

XRP Price To Crash 40%? Analyst Reveals Worst-Case Scenario

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XRP has found itself back under the microscope as bullish momentum is yet to return with full force. Another weekend is here, and XRP’s price action is still perambulating around last weekend’s flash crash, which saw the cryptocurrency register its biggest liquidation candlestick in history.  Now, XRP is trying to recover to higher price levels above $2. Interestingly, one technical analysis warns that, before any major rebound, the price of XRP could suffer a severe decline, possibly down as much as 40%. While such a drop would be painful for…

Dogecoin Price Is Set To Go On A 2,000% Cyclical Surge To $4

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The Dogecoin price could be gearing up for an explosive move soon, as technical analysts suggest that the popular meme coin may be entering another parabolic cycle. While the broader crypto market declines, analysts believe Dogecoin’s historical patterns and price structures are setting the stage for a potential 2,000% rally that could see it soar as high as $4 by next year.   Related Reading Dogecoin Price To Mirror Pre-2017 Explosive Surge Crypto analyst Javon Marks has indicated that Dogecoin’s price action is closely mirroring the bullish setup that preceded its…

Can Bitcoin Recover as Gold Price Pulls Back From Record Highs?

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Key takeaways: Gold’s ongoing pullback could trigger Bitcoin’s rebound, according to multiple analysts. Rallying to $150,000–$165,000 by year’s end is still possible, based on technical analysis. Bitcoin (BTC) is showing signs of bottoming out as the rally by its analog rival, gold (XAU), is starting to look increasingly overextended. Bitcoin hints at “generational bottom” as gold dips Gold’s rally appears to have stalled after hitting an all-time high of around $4,380 per ounce on Friday, given it has dropped 2.90% ever since. Still, the precious metal was up by over…