Bitcoin Bottom Zone Now Lies Around $59,000 Based On This On-Chain Metric
After weeks of renewed optimism, many in the Bitcoin market now believe the tide could finally be turning. While the premier cryptocurrency’s price action has been steadily turning around since the start of April, the current on-chain structure suggests expectations might be overestimated. According to an on-chain analyst, BTC’s recovery process is unlikely to occur…
XRP Bulls Eye Breakout As Ripple Unveils 13,000 Bank Connections Worldwide
Ripple’s own top engineer has thrown cold water on one of the XRP community’s most persistent theories — that the company’s 1,700 non-disclosure agreements are hiding secret, large-scale adoption plans. Chief Technology Officer David Schwartz said those NDAs are standard business practice and that claims of massive undisclosed events are “almost always completely false.” No…
Bitcoin Bulls Show Signs Of Exhaustion Around $78,000 — What’s Next?
Bitcoin had a modest start to May, with the flagship cryptocurrency rising as much as 3.5% on Friday. As of this writing, the premier cryptocurrency trades near $78,400, barely moving over the past day. Interestingly, a market pundit has explained how a perceived shift in Bitcoin’s investor behavior could be a major influence on the cryptocurrency’s…
Bitcoin At Risk As TD Sequential Flashes Key Bearish Signal – Details
Bitcoin continues to consolidate within the $78,000 zone, following its net positive performance in April. Having shown key signs of recovery, the leading cryptocurrency is now gathering momentum for its next major price swing. Amid the wait, a pivotal negative trading signal has emerged. TD Sequential Highlights Critical Bitcoin Support In an X post on…
Bitcoin At A Transitional Phase? Bull Score Index Signals Uncertain Momentum
The Bitcoin market appears to be at a critical phase, as evidenced by data from a recent on-chain evaluation. According to this latest analysis, the Bitcoin price shows few signs of a clear directional trend, with uncertainty as the prevailing structure. Bull Score Index Within Neutral Territory In an X post on May 2, pseudonymous…
Calm Before A Major Move: XRP Leverage Flush Points To Possible Squeeze
XRP is trading in a quiet range between $1.38 and $1.40, but new derivatives data indicates the calm may be masking a more unstable setup beneath the surface. A CryptoQuant analysis by Pelinay shows that XRP’s leverage structure is low and moving sideways, while its price action has been relatively higher than the leverage, and…
Bitcoin Price Cracks $80K Resistance, Is A Bigger Surge Ahead?
Bitcoin price started a fresh increase and cleared the $80,000 zone. BTC is consolidating and might aim for more gains above the $80,500 level. Bitcoin managed to stay above $78,000 and started a fresh increase. The price is trading above $78,500 and the 100 hourly simple moving average. There is a bullish trend line forming…
Ethereum Price Tracks Bitcoin Rally, Targets Crucial Break Higher
Ethereum price started a fresh increase and remained stable above $2,350. ETH is now consolidating and might aim for more gains if it clears $2,400. Ethereum started a steady increase above the $2,350 zone. The price is trading above $2,365 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support…
XRP Price Moves Up, Traders Eye Break Above $1.42 Level
XRP price started a decent increase above $1.3850. The price is now consolidating gains and might aim for more gains above the $1.420 zone. XRP price started a steady increase above the $1.40 zone. The price is now trading above $1.40 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with…
Here’s How High The XRP Price Will Be If It Repeats The 2017 Surge
Crypto pundit Crypto Dyl has revealed how high the XRP price could reach if it replicates its historical surge in 2017. This comes amid former Ripple CTO David Schwartz’s statement in which he addresses predictions that the altcoin could rally to $10,000. Pundit Reveals XRP Price Target If It Mirrors 2017 Surge In an X…