Tag: Support

Bitcoin Slips Under $64,000: Here’s Where The Next Support Is

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Bitcoin has continued its recent bearish trajectory during the past day as the asset’s price has now slipped under $64,000. Here’s what the next support looks like for BTC. Bitcoin Has Strong On-Chain Support Between $61,900 & $63,800 According to data from the market intelligence platform IntoTheBlock, BTC is floating just above a critical on-chain demand zone. Demand zones refer to price ranges where many investors last bought their coins. These ranges can be determined through on-chain analysis, as the average cost basis of each address on the network can…

Gemini founders donate $2m in Bitcoin to support Trump

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The billionaire Winklevoss twins have each donated $1 million in BTC to ex-President Donald Trump in response to the weaponization of the SEC against crypto. The founders of the Gemini crypto exchange, Cameron and Tyler Winklevoss, have donated 30.94 BTC (worth around $2 million) to former U.S. President Donald Trump, who is hoping to return to the White House in 2024. In an X statement, Tyler Winklevoss said he will be voting for Donald Trump in November, adding the decision was made in response to a hawkish attitude toward crypto…

Bitcoin Battles $64,515 Support Level, Can It Hold or Will Bears Prevail?

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Bitcoin Price Drops Below Critical Support Level Following Rejection At $70,000

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Bitcoin recently dropped below the critical support level between $67,000 and $68,000, having failed to break above the $70,000 price level successfully. Based on crypto analyst Josh’s analysis, the flagship crypto needs to climb above this critical support level soon enough or risk flipping into a bearish trend.  Bitcoin Needs To Climb Above $68,000 Josh mentioned in a video on his YouTube channel that Bitcoin needs to achieve a confirmed breakout above $68,000 to flip bullish again and possibly experience more upside moves to the resistance levels between $72,000 and…

key support lost, death cross likely

Dogecoin price continued its downward trend on Tuesday as most cryptocurrencies plunged. DOGE moved to a low of $0.1140, its lowest swing since March 1st, 2024. It has slipped by almost 50% from its highest point this year. Crypto sell-off accelerates Dogecoin has come under pressure since March as focus among most meme traders turned to newer tokens like Pepe, Dogwifhat, and Brett. In this period, most traditional meme tokens like DOGE, Shiba Inu, and Baby Doge underperformed their newer peers.  Dogecoin has also dropped because of Bitcoin’s performance. Bitcoin,…

Circle Launches Credits Program to Support Blockchain Developers

Circle has announced the launch of its new Credits Program, aimed at supporting developers working on blockchain applications by minimizing associated costs, according to Circle. Introducing the Circle Credits Program The Credits Program provides financial assistance to developers by offering credits that can be used to pay for various Web3 Services. These include Programmable Wallets monthly fees, Smart Contract Platform API calls, and Gas Station fees. This initiative is intended to alleviate the financial burden of deploying blockchain applications, which typically incur transaction fees known…

Coinbase International Adds Support for Trading Pre-Launch Tokens

Coinbase International has announced its support for pre-launch markets, a platform that allows traders to trade perpetual futures contracts for tokens that are yet to launch. This feature offers traders the opportunity to participate in price discovery of upcoming projects within a secure environment. Pre-launch markets also carry unique considerations and elevated risks, including lower […] Source CryptoX Portal

Bitcoin Could Crash To $60,000 If This Support Gets Lost: CryptoQuant Head

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On-chain data shows Bitcoin is approaching the “Realized Price” of the short-term holders, a retest of which has historically been important for BTC. Bitcoin Is Close To Seeing A Retest Of Short-Term Holder Cost Basis In a new post on X, CryptoQuant Head of Research Julio Moreno has discussed how BTC has recently been near the Realized Price of the short-term holders. Related Reading The “Realized Price” here refers to an on-chain indicator that, in short, keeps track of the average price at which investors or addresses on the Bitcoin…

Analyst Calls Buy Signal As Solana Hits Key Support At $141

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According to data from CoinMarketCap, Solana (SOL) has been slightly positive in the last day, notching a market gain of 1.37%. This price increase, while little, is highly encouraging for investors considering Solana’s bearish form in the past week where it lost 8.11% of its market value. Interestingly, crypto analyst Ali Martinez postulates that SOL could sustain its current positive performance following the discovery of a buy signal. Related Reading Solana Hits Critical $141 Support, TD Sequential Hints At Price Surge Via his X handle on Saturday, Ali Martinez noted…

Analyst Pinpoints Critical Support Zone For Bitcoin

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According to data from CoinMarketCap, Bitcoin has had an unimpressive week with its market price falling by 4.65% over the last seven days. However, prominent crypto analyst Ali Martinez has released a price alert indicating that the market leader could be set for more losses if it fails to secure a certain support zone. Related Reading Bitcoin URPD Chart Shows Potential Correction – Analyst In an X post on June 15, Martinez stated that Bitcoin needs to quickly rise above $66,254 else it risks a potential decline to around the…