The Bitcoin price has hit a roadblock after reaching the $71,000 level, hovering in a state of uncertainty and indecisiveness. This period of stagnation often serves as a precursor to a significant price movement, but predicting the direction in which the price will move is a challenging task. Alan Santana, a crypto analyst, has conducted
Bitcoin, as the leading cryptocurrency in the market, continues to face challenges in reaching the anticipated milestone of $100,000. Despite the introduction of spot Bitcoin Exchange-Traded Funds (ETFs), the price surge remains elusive. Charles Edwards from Capriole Investments highlighted the obstacles hindering Bitcoin’s growth, particularly the selling off of Bitcoin by long-term holders. This trend
Philip Swift, the creator of LookIntoBitcoin, recently pointed out the substantial increase in global liquidity, reaching a new all-time high (ATH). Swift emphasized the critical nature of this indicator in predicting Bitcoin’s surge in the current bull market. According to Swift, global liquidity is the most important chart to monitor during this bull run, as
Crypto analyst Egrag Crypto recently pointed out a bullish pattern on the XRP price chart. He highlighted an Inverted Hammer formation, describing it as a “super bullish” sign for the crypto token. Egrag predicts that XRP could rise to $0.75 in the near future, emphasizing that July will be a month of significant price movement
Polkadot (DOT) has been gaining attention in the cryptocurrency realm due to its innovative approach to interoperability and scalability. However, as with any financial asset, the price movement of Polkadot is influenced by various technical analysis patterns. One such pattern that has emerged is the rising wedge chart pattern, indicating a potential downturn despite the
The recent surge in Bitcoin’s price to $70,000 has once again piqued the interest of investors, sparking conversations about the future price outlook. Long-term holders have seen their investments move into the profit zone, fueling a sense of optimism in the market. The return of the Coinbase premium, a key indicator for US-based investors, has
The XRP price recently faced resistance near the $0.5320 mark and began a downward correction. This led to a drop below $0.5250 and the 100-hourly Simple Moving Average. The current price action suggests a potential test of the $0.5180 support level, with a further downside move towards the $0.5120 support zone also on the cards.
Ethereum’s price has recently experienced a downside correction after failing to clear the $3,880 resistance level. The cryptocurrency is now trading below $3,840 and the 100-hourly Simple Moving Average, signaling a possible slide toward $3,720. A key bullish trend line with support near $3,830 was broken on the hourly chart of ETH/USD, indicating a bearish
DTCC Digital Assets global head and managing director Nadine Chakar recently testified before the House Financial Services Subcommittee on Digital Assets, championing the benefits of tokenization. She emphasized the potential for tokenizing real-world assets to transform the US financial markets. In her testimony, Chakar showcased DTCC’s role in advancing the financial industry through digital securities
Bitcoin long-term holders have once again found themselves in a profitable position due to the recent surge in the cryptocurrency’s price. According to Glassnode, long-term holders (LTH) hold over 85% of the Bitcoin supply in profit. This is a significant shift from short-term holders who are still facing losses from their Bitcoin holdings. Short-term holders