Tag: Price

Crypto Analyst Predicts XRP Price Explosion To Over $18

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In a recent analysis provided by the crypto analyst Dark Defender, a compelling case has been made for the potential significant rise in the price of XRP. Through a detailed examination of the XRP/USD chart on a monthly time frame, as sourced from Binance, Dark Defender highlights a large bullish formation, which he describes as a “bull flag” across multiple longer-term time frames including monthly, three-month, and six-month charts. XRP Price Gears Up For Explosive Move The analysis shows a substantial initial upsurge in price marked by a green arrow,…

Bitcoin price prediction | Can it hit $150k?

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With Bitcoin surging to $66,700, could a new all-time high be on the horizon, fueled by easing U.S. inflation and talk of Fed rate cuts? Bitcoin (BTC) has recently surged in price, reaching as high as $66,700 on May 16, with the current price standing at $65,800 levels.  This uptick follows the release of the U.S. economic data. Inflation across the U.S. eased slightly last month, with the consumer price index (CPI) rising at an annual rate of 3.4% in April, down from 3.5% the previous month.  CPI data suggests…

Ether Bears Hit a Brick Wall as Price Collides With Bull-Market Trendline: Technical Analysis

The bears’ inability to penetrate that bull-market trendline since Monday suggests they might have to back up a bit and allow a price bounce before making another attempt at extending recent declines. The native token of the Ethereum blockchain has dropped more than 15% to $3,000 from highs near $4,100 two months ago, according to CoinDesk data. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, lost 17% in the same period. Source

Hidden Forces Behind Bitcoin Price: Insights From On-Chain Data

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Leading on-chain analyst James Check, popularly known as Checkmatey, has recently delved into the intricacies of Bitcoin’s market dynamics, offering a detailed on-chain data analysis that sheds light on the forces driving Bitcoin prices. His latest insights highlight a period he describes as “Quiet and Trending,” suggesting a robust underpinning despite significant sell-side pressures and shifts in volatility. Bitcoin Follows The Stair-Stepping Rally-Consolidation-Rally Pattern Since December, Bitcoin has experienced substantial sell-side pressure, with over 1.5 million BTC being sold. “Around 30% of this came out of GBTC, but the rest…

XRP Price Ready to Break Out? Price Action Points to Potential Surge

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XRP price shows positive signs above the $0.5100 resistance. The price could gain bullish momentum if it clears the $0.520 and $0.5220 resistance levels. XRP is eyeing a fresh increase above the $0.520 level. The price is now trading above $0.510 and the 100-hourly Simple Moving Average. There is another short-term declining channel forming with resistance at $0.520 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if there is a close above the $0.520 resistance. XRP Price Eyes More Upsides…

Is Bitcoin Rally Over? Top Analysts Predict Imminent Price Corrections

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As Bitcoin navigates through significant price changes, varying analyses from crypto analysts have painted a diverse picture of its short-term trajectory. A prominent crypto analyst, Ali, identified a sell signal on Bitcoin’s short-term charts using the TD Sequential indicator. Related Reading According to Ali’s analysis, the TD Sequential indicator suggested that Bitcoin’s current uptrend might be losing momentum. This could potentially lead to a correction over the next one to four candlesticks, particularly noticeable on the four-hour chart. The TD Sequential presents a sell signal on the #Bitcoin 4-hour chart, anticipating…

Bitcoin Price Consolidates Gains: Stability in the Crypto Market Amid Recent Surge

Bitcoin price rallied and tested the $66,500 zone. BTC is now consolidating gains and might attempt another increase toward $67,500. Bitcoin started a consolidation phase from the $66,500 resistance zone. The price is trading above $65,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $65,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless the bears push it below $63,800. Bitcoin Price Remains Supported Bitcoin price formed a base and…

US Banks’ Pilot Program Propels LINK Price Up 6%, Details

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The Depository Trust and Clearing Corporation (DTCC) has partnered with blockchain oracle Chainlink and several prominent banking institutions in the United States to conduct a successful pilot aimed at accelerating the tokenization of funds.  The collaboration has not only paved the way for the adoption of blockchain technology in the traditional asset management sector but has also had a significant impact on the price of Chainlink’s native cryptocurrency, LINK, which has surged past the $14 threshold. Major Asset Managers Join DTCC And Chainlink The pilot, called Smart NAV, was developed…