Tag: Price

Bitcoin price outlook as CLARITY Act approval odds hit 90%

boss

Bitcoin traded near $67,000 on Thursday, steadying after a session that coincided with sharp swings in prediction market odds for the CLARITY Act. Summary Bitcoin traded near $67,000 as Polymarket odds for the CLARITY Act swung from 90% to 55%, highlighting regulatory uncertainty. The CLARITY Act aims to define oversight between the SEC and CFTC, potentially reducing ambiguity and boosting institutional confidence in crypto markets. Technically, BTC is consolidating between $65,000 and $70,000, with weakening bearish momentum but key resistance overhead at $70,000–$75,000. On Polymarket, approval odds for the CLARITY…

XRP Price Downtrend Deepens With Limited Signs Of Relief

boss

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 Stalls Under Resistance With Breakout Hopes Delayed

boss

Ethereum price found support near $1,922 and recovered some losses. ETH is now consolidating and faces key hurdles near $2,000. Ethereum is attempting a fresh recovery wave above $1,960. The price is trading below $1,985 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,000 zone. Ethereum Price Revisits Support Ethereum price failed to stay above $2,000 and started a…

Bitcoin Price Slips In Choppy Trade As Bears Tighten Grip

boss

Bitcoin price corrected gains and tested the $66,000 support. BTC is now consolidating losses and might decline further below the $65,500 zone. Bitcoin is struggling to recover losses and moving lower below $67,200. The price is trading below $67,200 and the 100 hourly simple moving average. There is a declining channel forming with resistance at $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $66,000 and $65,500 levels. Bitcoin Price Dips Again Bitcoin price failed to…

It’s Time To Start Panicking If Price Breaks Below $1,800

boss

Ethereum (ETH) is back on the knife’s edge, and market analyst Crypto Patel has suggested that there may be no room left for optimism if the next key level gives way. According to the analyst, the Ethereum price is hovering at a critical decision point beneath $2,000 after recording multiple price declines. However, a breakdown below $1,800 could trigger a massive crash.    Ethereum Records Multiple Failed Bullish Structures  In an X post this Monday, Crypto Patel admitted that Ethereum had broken his heart twice, pointing to two failed bullish structures…

XRP Funding Levels Drop To Extreme Negative Levels, What This Means For Price

boss

XRP’s derivatives markets are still showing signs of bearish pressure, with funding rates across major exchanges now in negative territory. According to real-time data, funding rates have been predominantly below zero in recent trading sessions, with the lowest exchange funding rate recorded around -0.0748%.  At the same time, open interest has returned to levels associated with long-term base zones in previous years. Could this environment lead to a turning point, or is further downside still unfolding for XRP’s price action? Bearish Derivatives Positioning Shows In Deeply Negative Funding Real-time funding…

Cup And Handle Pattern Puts XRP Price At $60 After Hitting Resistance

boss

Crypto analyst CryptoBull has highlighted a bullish pattern that could send the XRP price to as high as $60. This ultra-bullish prediction comes as the altcoin continues to struggle below key resistance levels amid the current crypto market downtrend.  XRP Price Could Reach $60 With This Cup and Handle Pattern In an X post, CryptoBull revealed that a Cup and Handle pattern is unfolding on the monthly chart and that the measured target for XRP is $60. In another X post, the analyst suggested that the altcoin’s downtrend may be…

$50,000 Price Odds Remain As 2024 Hodlers Help Stabilize BTC

boss

Two-year Bitcoin hodlers “absorbed” seller pressure in recent weeks, according to new research, but most analysts still expect new macro BTC price lows. New analysis suggests that Bitcoin (BTC) is “relying” on early 2024 buyers as its price action stalls below $70,000. Key points: Bitcoin buyers from early 2024 are in focus as a giant potential safety net for BTC price. Their cost basis extends down to $60,000, and a major capitulation has not yet happened. New macro BTC price lows remain a popular near-term bet. 2024 Bitcoin hodlers have…

Bitcoin price at risk of hitting $50k, Coinbase premium sinks

boss

Bitcoin price remained in a tight range this week, and the waning Coinbase Premium Index points to more downside as institutional demand wanes. Summary Bitcoin price has formed a bearish pennant pattern on the daily chart. The Coinbase Premium Index has remained in the red, a sign of weak demand from the US. Futures open interest has continued falling this month. Bitcoin (BTC) was trading at $67,420 on Wednesday, down modestly from last weekend’s high of over $70,000. It has slumped by double digits from its all-time high of $126,300.…

Bitcoin price prediction as Arkham data reveals who controls BTC supply

boss

Bitcoin price is stabilizing after a sharp correction, but on-chain data suggests the real story may lie beneath the surface. Summary Bitcoin consolidates near $68,000 after falling from the mid-$90,000s to $60,000, with the 50-day SMA around $83,000 acting as key resistance. Arkham data shows heavy supply concentration, with Satoshi, major exchanges, BlackRock’s ETF, Strategy, and the U.S. government controlling a significant share of total BTC. Whale inactivity and potential exchange outflows could tighten supply, meaning renewed institutional demand may trigger a sharper upside move. As Bitcoin (BTC) consolidates near…