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 has raised concerns about potential downward trends. The rejection at this key level signals caution among traders and investors, prompting a reassessment of market strategies. As of the
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Aayush Jindal is a distinguished figure in the financial markets, with a wealth of experience spanning over 15 years in the domains of Forex and cryptocurrency trading. His reputation as an expert in providing technical analysis has solidified his role as a trusted advisor and senior market expert for investors worldwide. From a young age,
Aayush Jindal is a prominent figure in the world of financial markets, with over 15 years of experience in Forex and cryptocurrency trading. Known for his expertise in technical analysis, Aayush has established himself as a trusted advisor and senior market expert, guiding investors through the complexities of modern finance with his keen insights and
Spot Bitcoin ETFs have recently been experiencing a worrying trend of outflows for seven consecutive days. These outflows seem to be directly correlated with the decline in the Bitcoin price, indicating that institutional and miner sell-offs could be driving the downward pressure. The outflows have amounted to around $100 million daily, resulting in a total
Ethereum price recently initiated an upward movement from the $3,240 support zone. Despite this positive development, the price is currently trading below the $3,420 level and the 100-hourly Simple Moving Average. There is a significant bearish trend line in formation, presenting resistance near $3,410 on the hourly chart of ETH/USD. For Ethereum to continue its
A US bankruptcy court recently approved FTX’s proposal to solicit votes on a liquidation plan that involves paying customer claims in cash. This plan is based on crypto prices at the time of FTX’s collapse in November 2022, which has sparked controversy among customers seeking higher payouts due to the rise in crypto prices since
The once high-flying crypto market is now facing a period of uncertainty as Bitcoin, the dominant force in the digital landscape, leads the way in a significant retreat. After reaching dizzying heights above $73,000 earlier this year, Bitcoin has taken a sharp downturn, pulling the entire crypto ecosystem along with it into a cold and
Aayush Jindal is a prominent figure in the world of financial markets, boasting over 15 years of experience in Forex and cryptocurrency trading. His reputation precedes him, as he is known for his exceptional proficiency in technical analysis and his role as a trusted advisor to investors globally. From a young age, Aayush demonstrated a
Bitcoin price has experienced a bearish momentum, dropping below the $60,000 mark. This decline suggests a short-term downtrend for BTC, with potential hurdles around the $62,000 price level. Bitcoin saw a fresh decline from the $62,550 resistance level, leading to a current trading position below $61,500 and the 100 hourly Simple moving average. Key resistance
Aayush Jindal is a prominent figure in the world of financial markets, boasting over 15 years of experience in Forex and cryptocurrency trading. His journey to becoming a respected advisor and senior market expert has been marked by a relentless pursuit of excellence and a thirst for knowledge. From a young age, Aayush demonstrated a