Bitcoin recently faced a significant rejection at the $62,498 resistance level, highlighting the prevailing bearish dominance in the market. This failure to break through a critical threshold signals caution among traders and investors, prompting a reassessment of market strategies. The rejection underscores the strength of selling pressure and raises concerns about potential downward trends in
Bitcoin, the undisputed leader in the world of cryptocurrencies, finds itself at a critical juncture. After an impressive performance in the first half of 2024, where it broke through the important $71,000 mark, it has since retraced and is now teetering around the key $61,000 support level. This recent dip has sparked debates among market
Aayush Jindal is a distinguished figure in the financial markets, with over 15 years of experience in Forex and cryptocurrency trading. His reputation precedes him, as he is known for his exceptional skill in providing technical analysis and serving as a trusted advisor to investors worldwide. Aayush’s profound understanding of market dynamics, coupled with his
Aayush Jindal is a prominent figure in the financial markets arena, with a wealth of experience spanning over 15 years in Forex and cryptocurrency trading. Widely recognized for his expertise in technical analysis, Aayush is revered as a trusted advisor and senior market expert who offers valuable insights to investors globally. His journey towards becoming
The recent trend of outflows in Spot Bitcoin ETFs has raised concerns within the cryptocurrency market. With seven consecutive days of outflows, totaling around $100 million per day, it is evident that institutional sell-offs and miner sell-offs may be playing a significant role in this downward trend. The correlation between the outflows and the decline
FTX, a prominent cryptocurrency exchange, recently received approval from a US bankruptcy court to proceed with a liquidation plan that involves settling customer claims in cash. This decision has sparked controversy among customers who are dissatisfied with the proposed payment amounts based on crypto prices at the time of FTX’s collapse in November 2022. Despite
Ethereum’s price has been on a rollercoaster ride recently, experiencing both ups and downs. The digital currency started a recovery wave from the $3,230 zone and managed to climb above $3,350. However, it is now facing strong resistance at $3,420. This resistance level could prove to be a significant hurdle for Ethereum’s price movement in
The once-thriving cryptocurrency market is now facing a harsh reality check, with Bitcoin at the forefront of a major retreat. After reaching dizzying heights earlier this year, Bitcoin has experienced a significant plunge, dragging down the entire crypto ecosystem with it. Investors, spooked by the prolonged price slump, have been abandoning Bitcoin in droves, leading
Aayush Jindal, a prominent figure in the financial markets, has amassed over 15 years of experience in Forex and cryptocurrency trading. From a young age, Aayush displayed an innate talent for understanding complex systems and patterns. His curiosity for market dynamics led him on a path to becoming a respected advisor and senior market expert,
Aayush Jindal is a prominent figure in the financial markets, with over 15 years of experience in Forex and cryptocurrency trading. His reputation as a trusted advisor and senior market expert has earned him a global following among investors seeking guidance in navigating the complexities of modern finance. Aayush’s expertise in technical analysis and chart
