Tag: Price

Ethereum Price Pushes Higher as Bulls Fuel Market Optimism

Ethereum price started a recovery wave above the $2,050 zone. ETH is now showing positive signs and might aim for more gains above $2,150. Ethereum started a recovery wave above the $2,050 zone. The price is trading above $2,050 and the 100-hourly Simple Moving Average. There was a break above a declining channel with resistance at $2,080 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,150 zone. Ethereum Price Clears Resistance Ethereum price extended its recovery…

Bitcoin Price Shows Bullish Setup — Takeover Rally Incoming?

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Bitcoin price started a decent increase above the $70,000 zone. BTC is now consolidating and might aim for more gains if it clears $72,000. Bitcoin started a decent recovery wave above the $70,000 zone. The price is trading above $70,000 and the 100 hourly simple moving average. There was a break above a bullish flag with resistance at $70,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $70,400 and $70,000 levels. Bitcoin Price Aims Steady Gains…

Bitcoin price stalls in low volatility, why $65,000 is at risk

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Bitcoin price is consolidating beneath major resistance near $72,400 as volatility compresses and momentum weakens. Summary Key Resistance: $72,400 aligns with the value area high and 0.618 Fibonacci level. Low Volatility: The current rally shows weak volume and limited momentum. Support Target: $65,000 acts as the next major support within the range. Bitcoin’s (BTC) price action has entered a period of low volatility as the market consolidates beneath a major resistance cluster near the upper boundary of its current trading range. After previously rejecting the $72,400 range high, the asset has rallied back…

First Bullish Wick Appears On XRP Weekly Chart, And This Analyst Says It Will Send Price To $21.5

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A lone green candle on XRP’s three-week chart is drawing attention from at least one analyst who believes it could be the start of something bigger than a routine bounce.  Crypto analyst CW, posting on X, flagged a bullish candlestick formation on the XRP/USD 3W chart that he says signals the opening of a full-scale uptrend. One that, if his cycle analysis holds, with the setup pointing first to a retest of the all-time high zone and then, in an extreme scenario, to $21.5. New Uptrend Is Starting On The…

Here’s How Much Needs To Flow Through Ripple For XRP Price To Reach $3,700

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cHowever, a growing segment of analysts believes the more important outlook is based on the financial infrastructure of Ripple and XRP. The global financial system processes about quadrillions each year, a scale few investors truly grasp. Much of that flow moves through the Depository Trust & Clearing Corporation (DTCC), which still operates on settlement rails built decades ago. The need for improvement has led to interest in the architecture of Ripple’s ecosystem, and the math behind XRP’s price potential places it far above levels that most retail investors can think…

Has Bitcoin Price Bottomed Yet? Analyst Says We’re Not There Yet

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Crypto analyst Leshka has explained why it is unlikely that the Bitcoin price has bottomed even as it continues to attempt a recovery above $70,000. His analysis also aligns with predictions from analysts such as Doctor Profit, who predict that BTC could still drop to $40,000.  Analyst Explains Why Bitcoin Price Hasn’t Bottomed In an X post, Leshka noted that the Bitcoin price has never bottomed after a drawdown of just 47%. He further remarked that every bear market in history saw at least 78% drawdown from the top. BTC…

Bitcoin price may rally after U.S. mid-term elections

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A new report digs dip into short-term Bitcoin price trajectory, citing the U.S. mid-term elections as a key catalyst that could spark a rally. Summary Bitcoin price could rise after U.S. mid-term elections as political uncertainty fades, Binance Research says. Historically, the S&P 500 gained about 19% in the year following mid-terms. Bitcoin has also rallied after past mid-term cycles, posting average gains of about 54%. Bitcoin (BTC) could see a strong move higher after the next U.S. mid-term elections, according to a March 11 report from Binance Research. The firm said market history…

Bitcoin Price Recovery Could be Capped at $78K: Here’s Why

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Market analysts say Bitcoin (BTC) is in a relief rally after its 17% recovery from multi-year lows below $60,000, but the $78,000 level is key to reversing the broader downtrend. Key takeaways: Bitcoin price is up 17% from sub-$60,000 lows as onchain data shows signs of returning demand. BTC price resistance around $78,000 must be broken to end the downtrend. Bitcoin buyers are returning Bitcoin’s net taker volume suggests buyers are stepping in as demand for BTC derivatives returned, data from CryptoQuant shows.  Net taker volume, a metric that measures…

Will Bitcoin price drop to $65,000 as bearish forces come into play?

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Bitcoin price risks a drop back to the $65,000 zone as bearish macroeconomic forces continue to impact investor risk sentiment. Summary Bitcoin price failed to hold the $70,000 support on Thursday. Investor demand for risk assets dropped amid surging oil prices and rising U.S. Treasury yields. The latest U.S. CPI print came in line with market expectations, which can force the Fed to keep interest rates elevated for a longer period. According to data from crypto.news, Bitcoin (BTC) price fell 4.8% over the past 7 days, dropping below the $70,000…