What a week it was for the entire cryptocurrency market. Let’s start and focus on Bitcoin. The primary cryptocurrency began the trading week with a massive price correction that pushed it south by several grand within a day. There were warning signs about a potential drop below $90,000, and that transpired later in the day. This marked BTC’s first decline to sub-$90,000 levels since November. However, bitcoin reacted well to this crash and bounced off by $7,000 within less than 24 hours. More volatility was expected mid-week when the US CPI numbers for December were scheduled to go live. Although the regular and Core CPI were around 3% YoY, BTC and the rest of the mark...

The latest price analysis by Coinidol.com report, the price of Dogecoin (DOGE) is rising as it breaks above the 21-day SMA for the second time. Dogecoin price long term forecast: in the range  The altcoin reverses its recent decline and breaks above the moving average lines. Resistance at $0.42 has slowed the altcoin's upward movement and forced it to range. Nonetheless, the price of DOGE has settled between $0.35 and $0.45. Currently, the price of the cryptocurrency is trapped between...

The expected volatility after the CPI announcement yesterday indeed reached the crypto markets, but it was in the opposite direction of what many anticipated. Instead of slumping once again as it did at the start of the business week, BTC’s price headed north and tapped a weekly high before it was stopped. Briefly Exceeding $100K The aforementioned start of the current business week was violent for the primary cryptocurrency as it plummeted from $96,000 to under $90,000 in hours. In fact, its bottom came at $89,250 (on Bitstamp), which became its lowest price position since November. As the community started to question the bull run’s validity, BTC bounced off and soar...

Solana (SOL) price has recovered from its decline despite being trapped between the moving average lines. Cryptocurrency price analysis brought by Coinidol.com. Long-term forecast for the Solana price: bearish On January 13, Solana fell below the $169 low, but the bulls bought the dips. However, after breaking through the 21-day SMA, the upside momentum was halted by the 50-day SMA barrier. The cryptocurrency will rise again if it breaks above the 50-day SMA. If it breaks through the 5...

Bitcoin’s price actions took a positive turn after the Monday night crash, and the asset tapped a weekly high of just under $98,000 earlier today. The altcoins also posted some notable gains ahead of today’s CPI numbers in the States, which are expected to lead to massive volatility once again. BTC Prepares for CPI The primary cryptocurrency had a highly volatile week as it traded above $102,000 last Tuesday but headed straight south in the following days. The culmination, at least at first, came last Thursday when BTC slumped to a monthly low of $91,250. It bounced off and recovered some ground in the following days but started to drop hard once again at the start of ...

The latest price analysis by Coinidol.com report, the price of Avalanche (AVAX) has ended its decline after hitting a low of $33 on December 20, 2024. Long-term analysis of the Avalanche price: fluctuation range The bulls bought the dips and established a range above the $34 support but below the moving average lines or the $44 resistance level. Over the last three weeks, price action has been steady. AVAX will resume its uptrend if buyers push the price above the moving average lines ...