Bitcoin price attempted a fresh increase above the $26,500 resistance. However, BTC failed to settle above $26,700 and reacted to the downside. Bitcoin is still struggling to clear $26,500 and $26,700. The price is trading above $26,200 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support near…
Chainlink (LINK), the decentralized oracle network, has been making waves in the cryptocurrency space recently. Renowned crypto analyst Altcoin Sherpa, known for his insightful market predictions on the social media platform X, has voiced strong support for Chainlink, highlighting its promising fundamentals. With a current price of $7.45 on CoinGecko, LINK has been steadily gaining…
The Bitcoin price has been trading sideways for a while now but this will not always be the case. While there is a chance that the price could end up swinging downward and crashing, a crypto analyst has predicted that a surge in the cryptocurrency’s price is on the horizon. Bitcoin Price Breakout Is Coming…
On-chain data shows that Bitcoin long-term holders are making deposits to exchanges currently, something that could be bearish for the price. Bitcoin Exchange Inflow CDD Has Spiked Recently As explained by an analyst in a CryptoQuant Quicktake post, investors have been making deposits to spot exchanges recently. There are two relevant indicators here: the “exchange…
Polygon (MATIC) has been treading in the water for much of September, caught in a tight range that reflects the uncertainty gripping the cryptocurrency market. As the altcoin hovers around the $0.50 mark, traders are closely eyeing a significant technical indicator that could spell trouble for its price trajectory. The altcoin’s price, currently at $0.508295…
Renowned crypto analyst Rekt Capital has recently highlighted the pivotal nature of the Bitcoin price’s imminent monthly candle close. In a statement via X (formerly Twitter), he detailed that Bitcoin has tagged the $27,000 monthly level from the underside, meaning it is acting as resistance for the time being. He explained that “the upcoming monthly…
Lawmakers in the United States have finally put their foot down and demanded that the US SEC Chairman approve Grayscale’s spot Bitcoin ETF proposal “immediately.” US Congress Imposes Spot Bitcoin ETF Immediate Approval A group of four members of the United States Congress sent a letter to the United States Securities and Exchange Commission (SEC)…
Solana (SOL) has found itself in the midst of a price battle, with neither bulls nor bears able to establish dominance. The daily charts have revealed a story of indecisiveness, characterized by the formation of neutral doji candles. This hesitation in price movement follows a previous sharp decline, indicating that the bearish momentum is losing…
The US Securities and Exchange Commission’s (SEC) early delay of the ARK 21Shares Spot Bitcoin ETF application has raised concerns in the crypto community about what this move might mean for the potential launch of any Spot Bitcoin ETF this year. No Spot Bitcoin ETF This Year? In a tweet shared on his X (formerly…
Bitcoin price is consolidating above the $26,000 support. BTC could start a recovery wave if it clears the $26,500 resistance zone in the near term. Bitcoin is still consolidating above the $26,000 support zone. The price is trading below $26,400 and the 100 hourly Simple moving average. There is a major bearish trend line forming…