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Data Shows Sellers Have Returned To Bitcoin: Is A Major Price Drop On The Horizon?

Bitcoin News

Bitcoin has been experiencing a notable increase in market activity, with recent movements indicating that sellers are becoming more active. A Major Price Drop On The Horizon? According to a post by XBTManager, a contributor on the CryptoQuant QuickTake platform, Bitcoin’s price rise last week, which saw it temporarily break out of its recent range,…

Data Shows Sellers Have Returned To Bitcoin: Is A Major Price Drop On The Horizon? Read More »

Bitcoin Holds Steady at $63,000: Analysts Weigh In on Next Steps

Bitcoin News

Bitcoin appears to be entering a rebound phase, given its recent increase that brought the asset’s price close to the $66,000 mark. Particularly, after briefly touching a 24-hour high of $64,893 earlier today, Bitcoin has retraced slightly, now trading at $63,786, reflecting a minor 0.2% decline over the past day. Despite this slight pullback, analysts…

Bitcoin Holds Steady at $63,000: Analysts Weigh In on Next Steps Read More »

Solana (SOL) Ripe For Price Discovery, Analyst Eyes $600 Target

Solana

Market watchers have praised the Solana (SOL) price action throughout the month. The fifth-largest cryptocurrency by market capitalization has displayed a strong performance despite the market shakeouts, recently reclaiming the $160 support level. Analysts suggest that SOL might repeat history and kickstart a rally toward a new all-time high (ATH) soon. Solana Breaks Out Of…

Solana (SOL) Ripe For Price Discovery, Analyst Eyes $600 Target Read More »

Bitcoin on the Verge of a Breakout? Economist Refines Price Target To $120,000

Bitcoin News

Economist and market analyst Henrik Zeberg has made an updated bullish forecast for Bitcoin, predicting that the leading cryptocurrency could surge between $115,000 and $120,000. Zeberg, who forecasted a rise to $95,000-$100,000 in December 2022, revised his prediction based on his Business Cycle Model. Bitcoin On The Verge Of A Breakout? Despite a generally bearish…

Bitcoin on the Verge of a Breakout? Economist Refines Price Target To $120,000 Read More »

Tron-Based SUN Token Skyrockets 197% As SunPump’s Momentum Continues

Cryptocurrency Market News

The memecoin frenzy has reached the Tron Network after the launch of Pump.fun’s rival, SunPum. The new memecoin deployer has been making the headlines after surpassing its Solana-based counterpart on key metrics this week. The platform’s remarkable performance in the past two weeks has propelled the network, TRX, and the SUN ecosystem. As a result,…

Tron-Based SUN Token Skyrockets 197% As SunPump’s Momentum Continues Read More »

Bitcoin Poised for a 200% Rally as Analyst Spot Rare Bullish Pattern

Bitcoin News

Amid Bitcoin’s current gradual recovery in price, attention has been drawn towards the asset as it prepares to be on the verge of closing its seventh consecutive monthly candle above the all-time high (ATH) of 2021. Renowned crypto analyst Moustache recently took to X to highlight this key milestone, emphasizing the importance of higher timeframes…

Bitcoin Poised for a 200% Rally as Analyst Spot Rare Bullish Pattern Read More »

Bitcoin And NASDAQ Show Tight Correlation: What Does This Mean For BTC?

Bitcoin News

Bitcoin, although starting the year with a bang has now been quiet so far in terms of performance, especially following its peak back in March. Despite the halving in April of this year, Bitcoin has experienced modest gains compared to the excitement of previous years. According to Ecoinmetrics, a platform known for providing insights into…

Bitcoin And NASDAQ Show Tight Correlation: What Does This Mean For BTC? Read More »

Trump-Inspired Memecoins Soar 40% Amid Rumors Of Endorsement By RFK Jr.

Cryptocurrency Market News

Recent reports claim that Robert F. Kennedy Jr. will drop out of the US presidential race on Friday. The rumors have made PolitiFi tokens rise over 15% on the last day. While tokens inspired by RFK Jr. have plunged, Trump-themed memecoins took the lead with a 40% surge. RFK Jr. To Dropout Of The Presidential…

Trump-Inspired Memecoins Soar 40% Amid Rumors Of Endorsement By RFK Jr. Read More »

Bitcoin’s MVRV Ratio Nears Critical Death Cross: Will The Market See A Bearish Shift?

Bitcoin News

A recent analysis from a CryptoQuant analyst has raised concerns over Bitcoin MVRV Ratio Momentum. The MVRV ratio, a critical indicator in on-chain analysis, represents the ratio between Bitcoin’s realized and market values. It serves as a tool to assess whether the market is overvalued or undervalued. By applying 30-day and 365-day moving averages (DMA)…

Bitcoin’s MVRV Ratio Nears Critical Death Cross: Will The Market See A Bearish Shift? Read More »

AAVE Breaks Out Of 2-Year Accumulation Range, Is A Parabolic Run Ahead?

Cryptocurrency Market News

AAVE has become one of the best-performing cryptocurrencies this month. Throughout August’s market retraces, AAVE has remained among the few tokens registering green numbers in most timeframes. The cryptocurrency recently broke above a crucial level, which made investors and analysts turn their eyes to the token. Its recent performance suggests a parabolic run is around…

AAVE Breaks Out Of 2-Year Accumulation Range, Is A Parabolic Run Ahead? Read More »

Where Is Bitcoin And Ethereum Headed? Analyst Reveals Key Levels to Watch

Bitcoin News

Amid Bitcoin’s continuous consolidation below the $61,000 price mark over the past weeks, renowned trading guru Peter Brandt, with decades of experience in the financial markets, has recently shared an update on his outlook for Bitcoin and Ethereum. His analysis comes at a time when both of these assets have been unable to maintain a…

Where Is Bitcoin And Ethereum Headed? Analyst Reveals Key Levels to Watch Read More »

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