Tag: Rally

Bitcoin May rally ahead? $79K breakout could decide

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Bitcoin traded at $77,250 at press time, with 24-hour volume at $30.89 billion, per crypto.news data.  Summary Bitcoin must break $79,000 to target the next resistance zone between $86,000 and $88,000. More than 10,000 BTC moved to exchanges last week, raising short-term selling pressure concerns. Analysts remain split as Bitcoin holds an uptrend while May seasonality shows no clear bearish pattern. The asset gained 2% in the past day but remained down slightly over seven days. The price has recovered from earlier weakness and now trades in a short-term uptrend.…

Bitcoin Risks Decline After Futures-Driven April Rally: CryptoQuant

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Bitcoin could be setting up for a multimonth price decline, after a rally in April driven mainly by futures traders while spot demand declined, according to the crypto analytics firm CryptoQuant. Bitcoin gained around 20% in April, rising from $66,000 to a peak of $79,000 in a rally “driven entirely by growth in perpetual futures demand,” CryptoQuant said in a report on Thursday.  Meanwhile, spot demand for Bitcoin contracted throughout the rally, “indicating that the market’s marginal buyer was speculative, not fundamental,” it said. “The divergence between rising price and…

Bitcoin Price Action Favors Bears But Profit Taking Overwhelms Each Rally

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Bitcoin (BTC) traders pushed the price to $77,400, but data suggests profit-taking may thwart the bull’s goal of turning the $77,000 to $80,000 zone into support.  Orderbook data from TRDR shows over $130 million in asks extending from $76,700 to $79,300.  BTC/USDT Binance perps orderbook. Source. TRDR.io Given Bitcoin’s negative futures funding rate and the small negative long-short delta (-$1.47 million at the time of writing), bulls have a slight edge in the short-term. The situation could shift further in their favor if the BTC price pushes into short liquidity…

Is The Rally Losing Steam?

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Bitcoin’s recent rejection near key resistance has raised fresh concerns about the strength of its ongoing rally. After a steady climb, signs of selling pressure are beginning to emerge, hinting that bullish momentum may be weakening. With price now hovering around critical support zones, the next move could determine whether the uptrend regains traction or starts to lose steam.  2–618 Pattern Triggers: BTC Rejected At $78,000 In a market update, analyst Kamile Uray revealed that the long-anticipated 2-618 pattern for Bitcoin has officially activated. After the price approached the $78,037…

These Data Points Suggest Ether Price Could Soon Rally to $3K

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Ether (ETH) has rebounded more than 25% from its February low below $1,800, and a mix of technical and onchain signals suggests the recovery may still have more room to run in May. Key takeaways: Ether’s technicals favor the bulls with a $3,000 ETH price target.  ETH  is holding a support zone that has previously triggered 22%–27% price rebounds. Ether’s spot taker CVD remains positive, suggesting confidence among buyers. ETH price charts target $3,000 Ether’s technical setups on multiple time frames support the bull case for ETH price as April…

Bitcoin rally faces test as funding rates stay flat

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Bitcoin’s recovery toward $76,000 is drawing caution from CryptoQuant analysts.  Summary Bitcoin’s price structure has improved as BTC recovered from March lows toward $76,000. Binance funding rates remain near zero, showing leveraged longs are not driving the rally. Falling taker buy volume suggests fewer traders are aggressively buying Bitcoin at current levels. Binance data shows flat funding rates, falling taker buy volume, and a record whale ratio, raising questions about the strength behind the rally. CryptoQuant analyst MorenoDV_ said Bitcoin has formed a clean rising structure from its March lows.…

Ethereum Poised For $140% Rally If This Resistance Flips

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While Ethereum (ETH) is at a pivotal crossroads, some analysts suggest that a reclaim of a key resistance could open the door to a massive breakout. However, others have raised questions about the altcoin’s next move amid the recent market volatility and weak signals. Related Reading Ethereum Breakout: ‘A Matter Of When’ Ethereum has found a new price range after turning the $2,250 level into support during the April market recovery. The cryptocurrency has been trading between the $2,250-$2,400 levels over the past few weeks, reaching a three-month high of…

XRP OI Z-Score Just Dropped To Levels Seen Before Its 600% Rally In 2024

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New reports reveal that XRP’s Open Interest (OI) Z-Score has declined to extremely low levels, indicating reduced speculation and a possible leverage reset. According to analysts, the last time XRP’s OI Z-Score reached this level, it triggered an explosive 600% rally to new highs in 2024, ending the cryptocurrency’s years-long decline and consolidation.  XRP Open Interest Z-Score Declines To Near Zero Market analyst Xaif Crypto has taken to X to highlight a major shift in XRP’s leverage conditions across the futures market. According to the analyst, derivatives activity has cooled…

XRP Signals Imminent Breakout — Is A 10% Rally Coming?

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Buyers have been quietly stepping in at lower prices every time XRP dips — and that pattern is now drawing attention from traders watching the token closely. Sellers Losing Their Grip XRP has been grinding between $1.37 and $1.45 for days, stuck in a tight range that has produced repeated rejections near the top. But each time the price pulls back, it holds at a higher low than before. That slow climb from the bottom of the range is a classic sign that buying pressure is building. On the hourly…

Pundit Predicts When XRP Price Will Hit $500 And What Will Drive The Rally

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A crypto pundit has shared a bold XRP price prediction, using AI analysis and outlining several market drivers and ongoing developments that could fuel the rally. In the analysis, the expert projects that in 2026, XRP could potentially skyrocket to $10 and by 2035, the cryptocurrency could reach historical highs above $500. Although the analyst maintains a broadly bullish outlook for XRP’s price, he urged investors and traders to take the forecast “with a grain of salt,” noting that it remains speculative.  XRP Price Forecast From 2026 To 2030 In…