Bitcoin faces the support retest that will decide the fate of its latest bull market, analysis says — can bullish RSI divergences save the day? Key points: Bitcoin bulls can kiss goodbye to the entire bull market if they lose $100,000 support, a new forecast predicts. BTC price action faces a battle of RSI signals as bullish and bearish divergences compete. Read more Original
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…
Bitcoin trades at $108,413 with a 24-hour trading volume of $22.57 billion and a market capitalization of $2.15 trillion. In the past 24 hours, the cryptocurrency fluctuated between $108,262 and $109,453, showing tight consolidation within a narrow range. Bitcoin The daily chart reveals a firmly established bearish trend as bitcoin forms a lower-high, lower-low structure […] Original
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…
XRP’s price action in the past few days has been characterized by consolidation below the $3 price level. This level, which had acted as support for most of August, was broken to the downside on August 28, and XRP is now trading at the $2.8 price zone. Technical analysis shows that the current sideways action should not be mistaken for weakness, as XRP is now on track to embark on a rebound move to the upside. Related Reading XRP Trading In Consolidation Phase XRP’s recent price dip comes after the…
Key takeaways: Bitcoin (BTC) is set to close August in the red, its first down-month since April, stoking fears that the downturn could deepen as September begins. BTC/USD monthly price chart. Source: TradingView September is usually a bad month for Bitcoin Bitcoin has a well-established tendency to slide in September. Since 2013, Bitcoin has closed in the red for eight of the past twelve months, with average returns slipping about −3.80%. Bitcoin monthly returns. Source: CoinGlass Market veterans call it the “September Effect,” a month when traders tend to lock…
Solana’s price action has shown some sort of resilience in the past few days while much of the cryptocurrency market turned red. After surging past $210 to reach as high as $218 on August 29, SOL briefly dipped below $200 but quickly stabilized, outperforming major large-cap assets such as Bitcoin, which has been locked in a decline since August 14. This has put Solana in an interesting position, and technical analysis shows its correction phase is constructive and could prepare the token for another breakout. Related Reading Analyst Says Correction…
Skepticism over Bitcoin’s ability to rise further has followed the asset for years, and will likely continue even if the price reaches into the millions, according to a Bitcoin adviser. “I think it’s going to be that way for a very long time,” The Bitcoin Adviser’s Luke Broyles told Natalie Brunell on the Coin Stories podcast on Friday. “I think Bitcoin will be at $5 million, $10 million or more, and people will still be saying, Yeah, well it’s 8% of world assets now. It can’t go any higher, right?”…
Solana is at a pivotal moment as the broader crypto market cools, with most altcoins in decline and Ethereum consolidating around key demand levels. While SOL has shown relative strength by holding firm near the $210–$220 range, it continues to struggle with the momentum needed to break higher. The $220 level has emerged as a significant ceiling, with repeated attempts to push through meeting resistance. Related Reading Fresh metrics highlight the underlying challenge: investors are cashing out as Solana climbs above $210, creating a strong supply barrier that limits upside…
The Cardano price action is back on analysts’ radar, with new bold predictions pointing to a potential rally of more than 300% to a $4 all-time high. Despite struggling to keep pace with other altcoins during this bull cycle, ADA is now sparking renewed discussions across the crypto community as experts weigh in on this latest price forecast. Cardano Price Set To Hit $4 By Year’s End Mintern, Chief Meme Officer (CMO) at Minswap DEX, recently took to X to share a bullish outlook, predicting that Cardano could climb nearly…