Crypto analyst Tara recently identified a bullish pattern on the Bitcoin chart, suggesting that the flagship cryptocurrency could be gearing up for a significant price increase. Tara’s analysis indicated that Bitcoin might be on the verge of entering the parabolic phase of the current market cycle. She predicted that Bitcoin could surge to $75,800, setting
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PEPE has been experiencing a significant surge in price, attracting the attention of traders and investors due to its bullish momentum. This demonstrates a high level of market confidence and optimism surrounding the future potential of PEPE. At the time of writing, PEPE was trading at approximately $0.00001531, showcasing a 3.33% increase. With a market
The introduction of crypto-related spot exchange-traded funds (ETFs) in the United States has caused Bitcoin and Ethereum supplies on centralized exchanges to plummet to record lows. Glassnode data indicates that Bitcoin balances on exchanges have dropped to 11.6%, the lowest since December 2017, while Ethereum balances are even lower at 10.6%, the lowest since October
The XRP price has been undergoing a series of fluctuations recently, with a constant struggle to maintain its position above key support levels. The price has extended losses below the $0.5120 support zone and tested the $0.5080 level, facing challenges in initiating a recovery wave towards $0.5350. A key bearish trend line has been forming
The price of Bitcoin has been experiencing a choppy market condition, putting a halt to hopes of a breakout to new highs in the near future. Despite this, there is still optimism surrounding the current bull cycle, with the premier cryptocurrency taking its time to gather momentum for an upward trend. Recently, on-chain observations have
Bitcoin’s recent failure to break above the $72,983 resistance level has resulted in a downward trend in its price. Despite trading above the 1-day Simple Moving Average (SMA), the rejection has caused the crypto asset to drop to $66,785, moving below the SMA in both the 1-hour and 4-hour charts. This decline below the SMA
Recently, there has been a noticeable increase in investor confidence in the crypto market, with Bitcoin emerging as a primary beneficiary of this positive trend. Despite some frustrations surrounding its price action, large-scale investors have been actively accumulating BTC. The premier cryptocurrency ended May below the $70,000 mark, although it had touched this level multiple
US President Joe Biden recently vetoed H.J. Res. 109, a resolution aimed at overturning the SEC’s SAB 121 rule. Biden stated that the rule represents the considered technical views of SEC staff and plays a crucial role in protecting the public. He emphasized that the resolution would limit the SEC’s authority over accounting practices, hindering
A recent analysis conducted by crypto analyst Egrag Crypto has presented a bullish narrative for the XRP price. In this analysis, two potential scenarios were outlined that could lead to a breakout for the crypto token, potentially pushing it as high as $7.5. The Relative Strength Index (RSI) for XRP has reached its lowest levels
In the world of cryptocurrency, Bitcoin has been a hot topic of discussion among analysts and experts. Recently, crypto analyst Pierre shared his insights on why the $69,000 price level is crucial for Bitcoin’s future performance. According to Pierre, breaking above $69,000 could pave the way for Bitcoin to reach a new all-time high (ATH)