After charting a three-week high at almost $28,500 yesterday, bitcoin started losing value rapidly and currently stands below $28,000.
Most altcoins are also calmer today following yesterday’s gains, aside from Ripple and Lido DAO.
BTC Slips Back Below $28K
The primary cryptocurrency had a relatively quiet week as its 7-day price range went into its lowest position in months. The most significant price drop came on Thursday...
Share:
Bitcoin network’s large wallet investors accumulated BTC throughout May.
BTC supply on exchanges nosedived from 1.33 million to 1.29 million since the beginning of May.
While BTC is headed towards its first monthly loss of 2023, whales could fuel a recovery in the asset.
Bitcoin price is inching towards the first ...
Polygon (MATIC) price has risen above the 21-day line SMA but is currently below the 50-day line SMA, indicating a bearish correction.
Polygon price long-term forecast: bearish
If buyers manage to keep the price above the moving average li...
Shortly after the US government said it reached some sort of a deal regarding the debt ceiling, BTC jumped by over a grand to register a three-week high.
The altcoins are also in the green today, with ETH tapping $1,900 for the first time since early May.
BTC Shot Up to Local Peaks
Bitcoin was trading sideways for most of last week, as it was stopped at $27,500 on a few occasions. The last one drove the asset south hard as ...
Ethereum price (ETH) is rising as it crosses the moving average lines. The rally was short-lived as the price was stopped at the $1,920 barrier. At the resistance level, the market was overbought, making further price movement unlikely.
Long-term...
Share:
Bitcoin price shows a classic Power of Three (PO3) setup in play, forecasting a potential decline to $25,296.
Ethereum price could attempt a rally to $2,028 if the bullish outlook persists.
Ripple price has set up an inverse head-and-shoulders setup, forecasting a 10.76% increase to $0.515.
Bitcoin (BTC) price has s...
Unlike the previous few weekends, this one is turning out to be more positive for bitcoin, which spiked to over $27,000 earlier today.
The altcoins also trade in the green today. SOL is among the most notable gainers, with a 5% surge that helped it reclaim $20.
BTC Above $27K
Last week didn’t go all that well for the primary cryptocurrency, especially after the latest rejection at $27,500 recorded on Tuesday. The bears took...
Over the past few weeks, Bitcoin’s price has been consolidating within a narrow range after breaking below the 50-day moving average. The market is currently situated between two notable levels, leaving room for several potential scenarios to unfold.
Technical Analysis
By: Edris
The Daily Chart:
The price on the daily timeframe has yet to display a notable upward or downward movement. If a rally takes place in the upcoming ...
The price of Solana (SOL) is still falling below the moving average lines.
Solana price long term forecast: bearish
After falling to a low of $18, the altcoin took an upward correction on May 24. The 21-day line SMA is expected to reject th...
Share:
US President Joe Biden has urged the United States House and Senate to "pass the agreement right away."
Biden and Republican Kevin McCarthy reached the "agreement in principle" to raise the federal government's multi-trillion dollar debt ceiling.
The positive news has inspired a recovery across financial markets, with ...
