The recent stagnation in the Bitcoin price, hovering around the $71,000 mark, has left investors in a state of uncertainty. This period of indecisiveness often precedes a significant market movement, but predicting the direction of that movement is a challenging task. Crypto analyst Alan Santana has delved into the Bitcoin chart to offer his perspective
Bitcoin, the market leader in the cryptocurrency space, has faced significant obstacles in achieving the anticipated price surge to $100,000. According to Charles Edwards, founder of Capriole Investments, one of the primary factors hindering this milestone is the sale of Bitcoin by long-term holders. His analysis reveals a decline in wallets holding Bitcoin for over
The world of cryptocurrency is constantly evolving, with various factors influencing the price movements of assets like Bitcoin. One such factor that has been gaining attention recently is global liquidity. According to Philip Swift, the founder of LookIntoBitcoin, global liquidity has reached a new all-time high (ATH), indicating a potential rise in Bitcoin’s price during
In recent analyses of the XRP price chart, several crypto analysts have pointed out bullish patterns and potential price targets for the cryptocurrency. These predictions range from a rise to $0.75 to massive breakouts to even $80. Let’s delve deeper into these claims and assess the validity and likelihood of such scenarios. One crypto analyst,
As of now, Polkadot (DOT) is experiencing a slight decline of -0.13%, trading at approximately $7.13. The cryptocurrency has a market capitalization exceeding $10 billion and a trading volume surpassing $153 million. Despite a decrease of 0.39% in market capitalization, the trading volume has increased by 0.34% within the last day. Analyzing the 4-hour and
The recent surge in Bitcoin’s price, surpassing the $70,000 mark, has sparked enthusiasm among investors, particularly in the United States. The return of the Coinbase premium, which indicates a higher price of Bitcoin on Coinbase compared to other major exchanges, has been seen as a bullish signal by many. This premium, after being in the
Recently, Ethereum experienced a downside correction after failing to clear the $3,880 resistance level. This led to a drop in price below $3,840 and the 100-hourly Simple Moving Average. Additionally, a key bullish trend line with support near $3,830 was broken on the hourly chart of ETH/USD, indicating a bearish sentiment in the market. As
XRP price recently faced a setback as it failed to sustain its upward momentum near the $0.5320 resistance zone. This led to a downside correction with the price now testing the $0.5180 support level and potentially even reaching the $0.5120 support zone. The bears appeared after the price spiked above $0.5300 and formed a high
Following the recent surge in Bitcoin’s price, long-term holders are once again in profit. According to a market report by Glassnode, the total volume of long-term holder (LTH) supply held in loss is negligible, with only 0.03% of LTH acquiring above Bitcoin’s current price. These long-term holders purchased their Bitcoin holdings at the 2021 cycle
The anticipation surrounding the launch of spot Ethereum ETFs has been met with delays as applicants navigate the regulatory process. SEC chair Gary Gensler emphasized that the timeline for these launches is contingent on how promptly applicants address the regulator’s queries and provide justifications for approvals. Companies are driven to respond to SEC comments in
