Tag: Rally

ADA Price Claims $0.40 And Recovery Could Soon Turn Into Rally

Cardano (ADA) is gaining pace above the $0.40 resistance. ADA could rally if there is a clear move above the $0.432 and $0.450 resistance levels. ADA price is moving higher above the $0.400 pivot level. The price is trading above $0.415 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.410 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could accelerate higher toward the $0.500 level or even $0.550. Cardano Price Starts Steady Increase…

Ethereum Price Prediction- After 10% Surge, Is ETH Rally Just Getting Started?

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Ethereum price extended its rally above the $2,250 resistance. ETH is up over 10% and might continue to rise toward the $2,500 resistance. Ethereum is showing positive signs and recently surpassed the $2,300 resistance. The price is trading above $2,250 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support near $2,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally if it clears the $2,320 resistance zone. Ethereum Price Extends Rally Ethereum price remained in a…

Bitcoin Price Extends Rally Above $42K But Signs of Trend Exhaustion Appear

Bitcoin price extended its rally above the $42,000 resistance. BTC is now correcting gains and might test the $40,800 support zone. Bitcoin surged further above the $41,200 and $42,000 levels. The price is trading above $41,200 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $40,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower toward $40,800 before it starts a fresh increase. Bitcoin Price Rises Over 10% Bitcoin price started a strong…

Bitcoin price rally to $42K driven by spot volumes, not BTC futures liquidations

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In the past seven days, Bitcoin (BTC) experienced a whopping 14.5% surge, hitting a 20-month high at $41,130 by Dec. 4. Traders and analysts have been abuzz with speculation, especially in the wake of the $100 million liquidation of short (bearish) Bitcoin futures within just 24 hours. However, when we dive into BTC derivatives data, a different story unfolds—one that places the spotlight on spot market action. BTC liquidation map Enough shorts to run it up all the way to $45-46k pic.twitter.com/7O2zYD4j8Q — Nik Algo (@nik_algo) December 4, 2023 The…

Coinbase and MicroStrategy Stock Jump Almost 9% amid Bitcoin Rally

With MicroStrategy’s shares trading at $574 ahead of today’s open, a level not seen since April 2022, investors are closely watching the company’s performance amid the ongoing crypto resurgence. Recent market dynamics have highlighted the impact of the ongoing Bitcoin (BTC) price rally on certain stocks, with Coinbase Global Inc (NASDAQ: COIN) and MicroStrategy Inc (NASDAQ: MSTR) emerging as key beneficiaries in this unique correlation. In the past 24 hours, both COIN and MSTR stocks experienced a remarkable 9% surge in value, mirroring the 4% rise in Bitcoin’s price during…

Bitcoin surges past $42k in a year-long rally

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According to price charts, Bitcoin reached $42,000, a dollar value investors have not seen since April 2022. At the time of writing, Bitcoin price (BTC) saw a 5.9% increase in the last 24 hours and a more than 140% surge in the last year. The increase in Bitcoin price is said to come following the anticipation of an approved Bitcoin exchange-traded fund (ETF), with the US Securities and Exchange Commission (SEC) expected to have a decision by Jan. 10. Despite the SEC’s rejection of spot Bitcoin ETF applications in the…

Gold Price Shoots Past $2,100 Hitting New Record High, Rally to Continue

Several market analysts believe that the Gold price rally can continue further with the potential to hit $2,2000 by the end of 2024. Yellow metal Gold is making big moves with its price shooting to a new record high of $2,100 recently. Gold prices set a new record for the second consecutive day, reaching $2,100 amid a global surge in demand for bullion. Analysts predict that gold prices could continue to climb next year, remaining above $2,000, fueled by geopolitical uncertainty, a potential weaker US dollar, and anticipated interest rate…