Tag Archives: cryptocurrency

Bitcoin Support Thins Below $78,000 As Cost Basis Clusters Shift Toward $95,000

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Bitcoin’s price action in the past 48 hours has seen it approaching the $80,000 price level again, with risks of breaking to the downside. Looking at on-chain data shows a notable support level between $80,920 and $78,000 that must not be broken.  Particularly, on-chain analytics from Glassnode point to a thinning of support at the… Continue reading Bitcoin Support Thins Below $78,000 As Cost Basis Clusters Shift Toward $95,000→

XRP On The Edge: Will Support Hold Or Unleash A Breakdown?

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XRP has been on a consistent downward trend since the beginning of the just concluded week. A steady flow of consecutive bearish candles on the daily timeframe has pulled the price lower each day, eventually guiding it toward an important support at the time of writing.  As of now, XRP is pressing against the lower… Continue reading XRP On The Edge: Will Support Hold Or Unleash A Breakdown?→

XRP Price Chart Flashes Inverse Head And Shoulders Pattern That Could Trigger Rally To $3.9

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XRP’s price has slipped by 4.7% in the past 24 hours, continuing a pattern of high volatility that has defined much of March. Amid this decline, however, some see opportunity, with one popular analyst identifying an interesting reversal pattern that could turn the tide to bullish trajectory. Inverse Head And Shoulders Pattern Appears On XRP… Continue reading XRP Price Chart Flashes Inverse Head And Shoulders Pattern That Could Trigger Rally To $3.9→

Bitcoin CME Gap Close About To Happen With Push Toward $83,000 – What Happens Next?

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Bitcoin (BTC) is steadily approaching the highly anticipated Chicago Mercantile Exchange (CME) gap close, with price action aligning with analyst’s expectations of a move toward $83,000. As Bitcoin corrects from recent highs, a crypto analyst expects a rebound to come next. However, if key support fails, the possibility of further downside remains.  Bitcoin To Drop… Continue reading Bitcoin CME Gap Close About To Happen With Push Toward $83,000 – What Happens Next?→

Is a Bitcoin Rally Coming? Exchange Net Flow Data Suggests So

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According to a CryptoQuant Quicktake post published earlier today, Bitcoin (BTC) may be on the verge of a significant price rally. Since February 6, net flow across crypto exchanges has remained negative – a historically bullish signal for the digital asset. Bitcoin To Benefit From Negative Exchange Net Flow The past 24 hours have been… Continue reading Is a Bitcoin Rally Coming? Exchange Net Flow Data Suggests So→

Pi Coin Sinks 47% In 14 Days—What’s Behind The Massive Drop?

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Pi Network, once a well-loved crypto project among millennial investors, is in freefall. With the promise of user-friendly mobile crypto mining and a growing community of enthusiasts and supporters, the Pi Network quickly became one of the top projects in recent years. So it wasn’t surprising that its native token, PI, promptly raced to its… Continue reading Pi Coin Sinks 47% In 14 Days—What’s Behind The Massive Drop?→

Ethereum Sentiment Dips Among Retail Investors, Yet A Breakout Looms

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Retail sentiment toward Ethereum (ETH) remains weak, but analysts suggest that a significant breakout could be on the horizon. Despite Ethereum’s sluggish price action, multiple on-chain indicators and technical patterns hint at an impending bullish reversal. Ethereum Retail Sentiment At Low Amid Sluggish Price Action According to cryptocurrency analyst Mister Crypto, retail interest in ETH… Continue reading Ethereum Sentiment Dips Among Retail Investors, Yet A Breakout Looms→

Bernstein Projects Strategy Holdings Skyrocket To 1 Million BTC By 2033

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Analysts at Bernstein have made a bold prediction regarding MicroStrategy, now known as Strategy, the Bitcoin proxy firm co-founded by Michael Saylor. They forecast that it could amass over 1 million Bitcoin (BTC) by 2033, potentially positioning Strategy to hold 5% of BTC’s total supply.  Strategy Stock (MSTR) Receives ‘Outperform’ Rating  Led by analyst Gautam… Continue reading Bernstein Projects Strategy Holdings Skyrocket To 1 Million BTC By 2033→

GameStop Targets Crypto: $1B In Convertible Senior Notes For Bitcoin Purchase

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GameStop, the video game retail company, experienced a significant downturn in its stock (GME) price, sliding more than 8% in after-hours trading on Wednesday, following the announcement that the company plans to raise $1.3 billion to invest in Bitcoin (BTC) through the issuance of convertible senior notes.  This move comes just a day after GameStop… Continue reading GameStop Targets Crypto: $1B In Convertible Senior Notes For Bitcoin Purchase→

SuperTrend Analysis: Dogecoin May Enter Bullish Territory If It Surpasses $0.21

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Dogecoin (DOGE), the leading memecoin in the cryptocurrency market, is showing signs of a potential bullish trend following a significant 16% price recovery. Analysts suggest that for Dogecoin to solidify this upward momentum, it must surpass a crucial resistance level. Dogecoin Eyes New Bullish Trend Amid Market Recovery The recent price movements of Dogecoin have… Continue reading SuperTrend Analysis: Dogecoin May Enter Bullish Territory If It Surpasses $0.21→