Bitcoin’s price started the week positively, rising to reach a daily peak of $68,884, but with BTC long-term holders booking profits ahead of the halving event, the rally could be short-lived. Original
Tag: Rally
Bitcoin Price Hits Support But Fresh Rally Faces Many Hurdles
Bitcoin price tested the $65,000 support zone. BTC is now rising and attempting a fresh increase above the $70,000 resistance zone in the near term. Bitcoin price is showing a few positive signs from the $65,000 zone. The price is trading below $70,000 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance at $67,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $70,000 resistance zone in…
Bitcoin (BTC) Price Could Drop 20% After Massive Rally But Uptrend Will Resume, Analyst Says
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Cardano (ADA) Price Rally Is Far From Over, Here’s Why
Cardano (ADA) has notably trailed behind that of its contemporaries in the ongoing crypto bull run. While Bitcoin has surged to record new all-time highs, alongside a suite of other altcoins, ADA remains approximately 77% beneath its peak historical value. However, emerging technical patterns and market dynamics suggest that this trend could be poised for a reversal, with ADA potentially gearing up to narrow the gap. Cardano Bull Flag Formation: An In-Depth Look Central to this analysis is the bull flag pattern in the ADA/USD weekly chart. The bull flag…
XRP To Skyrockets To $1.33 Amidst April Rally: Analysts
XRP has demonstrated significant strength for a while now, securing its spot as one of the best-performing cryptocurrency assets by market cap, after surging to its highest level since November. XRP To Yield Gains From April Rally The crypto community is buzzing about XRP’s latest price spike as several analysts predict the surge will be the start of the eagerly anticipated rally. With a 50% rise from $0.50 on Monday, March 11, to a weekly high of $0.75, it got off to a great start this week. Cryptocurrency analyst and…
Number Of Ethereum Short-Term Holders Increasing – Is A Bull Rally Next?
Ethereum (ETH) has been showing a solid performance lately, leaving investors both ecstatic and wary. The world’s second-largest cryptocurrency, boasting a market capitalization of nearly $480 billion, recently surpassed the coveted $4,000 mark for the first time since December 2021, igniting a flurry of bullish predictions. But is this a genuine resurgence, or are we witnessing a temporary blip before a potential correction? Let’s dissect the forces at play. Proponents of a sustained uptrend point to a confluence of positive factors. The long-awaited approval of a US-based Ethereum ETF is…
Bitcoin’s rally above $73,000 persists despite swift plunge
Bitcoin demonstrates ongoing momentum surging to a high of $73,887 without showing signs of exhaustion. The crypto market saw Bitcoin (BTC) break new ground, hitting an all-time high of $73,887 (on EXMO) before experiencing a rapid pullback as it briefly touched $74,000. This surge in volatility followed a record-breaking day, with net inflows totaling over $1 billion, according to data from BitMEX Research. [1/4] Bitcoin ETF Flow – 12 March 2024 All data in. Record day with over $1 billion of net inflow. Blackrock with a record $849 million of…
Rally Could Soon Extend To $0.85
XRP price started a fresh rally above the $0.6400 resistance. The bulls are now active above $0.680 and might aim for a move toward $0.800 or even $0.850. XRP started a fresh increase above the $0.640 resistance level. The price is now trading above $0.670 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.660 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh rally if there is a close above…
Ethereum price rally at risk amid $900M Profit-taking spree
Ethereum price grazed $4,100 territory in the early hours of March 12, but a profit-taking wave observed among long-term holders threatens to scuttle the rally. After a blistering 73% rally over the last 30-days, Ethereum price rally has hit a brick wall at $4,100 mark. Can the bulls regroup for another brazen attempt at the $4,500 milestone or will ETH price surrender the $4,000 support. Long-term investors traded 167,500 ETH within the last 24 hours Unlike Bitcoin (BTC), which has entered the price discovery phase, Ethereum is still about 22%…
Analyst Predicts 60% Rally In Next 7 Days
Optimism surrounds Cardano (ADA) despite some recent hiccups. ADA stands resilient, maintaining a positive outlook despite a 5% decrease over the past week. Currently priced at $0.75, ADA demonstrates a robust stance with a 24-hour trading volume of $1.14 billion and a market capitalization of $24 billion. Analyst Points To Promising Weekly Chart Trends Renowned crypto analyst Sssebi is charting an optimistic course for ADA, emphasizing the significance of the weekly chart in understanding the broader context. Nestled above its 200-week moving average, ADA shows promise with significant green candles…