Bitcoin analyst and fervent BTC advocate, Will Clemente, has recently shed light on a compelling macroeconomic landscape unfolding, potentially favoring the world’s leading cryptocurrency. Clemente suggests that the United States is currently facing an unavoidable predicament, where it must increase its money supply significantly to manage its mounting debt burden. This, he argues, sets the…
Terra Luna Classic (LUNC) has been on the radar of crypto enthusiasts and investors, but its recent price performance has left many scratching their heads. Since mid-August, the altcoin has been caught in a pronounced downtrend, drawing the attention of traders worldwide. This intriguing price movement is marked by the presence of two distinct descending…
Crypto analyst Nicholas Merten has given an insight into the future trajectory of the Bitcoin price, suggesting that the flagship cryptocurrency may experience turbulent times ahead. The Calm Before The Storm For Bitcoin In a recent episode of his YouTube channel DataDash, Merton mentioned that Bitcoin, other altcoins, and the broader asset market were on…
Polygon (MATIC) enthusiasts remain undeterred as they continue to push the price of the digital asset higher despite a prevailing bearish market structure, While the higher timeframe structure paints a bearish picture, buyers have been steadily driving prices upwards. At the time of writing, MATIC is priced at $0.541671 on CoinGecko, marking a 2% gain…
Bitcoin price is struggling to clear the $27,500 resistance. BTC is slowly moving lower and might revisit the $26,200 support zone in the coming sessions. Bitcoin is still struggling to clear the $27,500 resistance. The price is trading above $26,800 and the 100 hourly Simple moving average. There is a key bullish trend line forming…
Here’s what the Bitcoin network fundamentals have to say regarding whether the cryptocurrency could see a bull run soon or not. Monthly Average Bitcoin New Addresses Have Shot Up Recently In a new post on X, analyst Ali discussed the possibility of a bull run starting soon for the cryptocurrency. According to the analyst, “a…
Chainlink (LINK) has caught the attention of crypto analyst Rekt Capital, who has offered an optimistic outlook for LINK. In a new price prediction, he suggested that the decentralized oracle network is on the verge of a significant recovery. Rekt Capital, a prominent figure in the crypto community, took to the social media platform X…
Bitcoin price is back above $27,000 per coin after holding firm at $25,000 for a second time. If price fails to move below support and makes another run for resistance, bulls might finally buck the downtrend with a powerful, measured move to $42,000. Recapping 2023 Using Classical Technical Analysis Methods 2023 thus far has been…
Bitcoin might not be able to observe any extended runs of bullish momentum until this on-chain indicator reverses its trend. Stablecoin Whale Supply Has Dropped To Lowest In Six Months During the past few days, Bitcoin has registered some rise and has managed to breach the $27,000 level. The asset has, however, been unable to…
Movement of dormant Bitcoin addresses has been sporadic this year, with most causing a stir and rising interest amongst the Bitcoin community. In the latest record of whale transactions this year, on-chain data has shown that a set of dormant Bitcoin from 2017 has moved for the first time in six years. Peckshield, a blockchain…