Bitcoin’s price has finally broken above the $45K mark on its path toward creating a new all-time high. While the technical chart looks strong, there are some worrying signals arising from on-chain metrics.
Technical Analysis
By TradingRage
The Daily Chart
On the daily timeframe, the price has clearly been bullish for the last few months. Following the breakout above the $40K level, the market has gone through a consolidati...
After days and days of sideways trading around $42,000, Bitcoin started the new year with a bang and skyrocketed to nearly $46,000 for the first time since April 2022.
Many altcoins have come along the ride, with SOL and AVAX soaring by double digits and the total crypto market cap gaining approximately $100 billion overnight.
BTC Goes High
After a strong last quarter of 2023, BTC had calmed during the holidays and remained...
The price of Ethereum (ETH) has rallied twice above the 21-day simple moving average (SMA) in anticipation of a strong trend. Price analysis by Coinidol.com.
Long-term analysis of the Ethereum price: optimistic
Ether rose to a high of $2,447 o...
With 2024 already here, all eyes are now focused on the upcoming 12 months, with the potential approval of a spot Bitcoin ETF in the States, the fourth BTC halving, which is less than half a year away, and numerous altcoin-related developments and activities.
Nevertheless, it’s worth exploring the overall market performance for the largest and most popular cryptocurrencies in 2023, as some, such as Solana’s native token, re...
Bitcoin’s price has been consolidating for a while now, failing to continue the significant bullish momentum observed over the past few months. Yet, things are still looking positive for BTC in the short term.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been aggressively attacking and breaking through resistance levels one at a time. Yet, the market is currently consolidating above th...
The price of Solana (SOL) is falling after reaching a high of $126.66. Price analysis by Coinidol.com.
Long-term forecast for the Solana price: bullish
Solana fell above the $97 support on December 28 and has resumed consolidation above it. Se...
Bitcoin reacted well to yesterday’s price drop to $41,300 and has gained a grand and a half in the following hours.
Most altcoins are also slightly in the green during the last day of 2023, with AVAX tapping $40 and SOL maintaining above $100.
BTC to Challenge $43K?
Bitcoin was trading higher last weekend, and even tried to overcome $44,000 on two occasions but to no avail. The subsequent rejections pushed the cryptocurrenc...
Bitcoin failed at $43,000 yesterday, and the subsequent rejection pushed the asset hard south to a 12-day low of under $41,400.
Most larger-cap alts have also retraced on a daily scale, with SOL and AVAX losing the most (around 6% each).
BTC Stopped at $43K
Ever since last weekend, when BTC failed to decisively overcome $44,000, the asset has struggled to maintain its momentum. It started losing value at the start of the bu...
Bitcoin’s price has been rallying aggressively, breaking past several resistance levels with ease. Yet, the market is once again consolidating, and a correction might be on the cards.
Technical Analysis
By TradingRage
Bitcoin Price Analysis: The Daily Chart
On the daily chart, the price has clearly been bullish over the past few weeks, making higher highs and lows. Yet, the rally has seemingly come to a halt, and the price ...
The past seven days saw the total cryptocurrency market capitalization increase by close to $20 billion, and it currently stands at $1.75 trillion. The interesting bit is that all of the gains come on the back of an increase in the altcoin market, rather than Bitcoin, which failed to perform as well.
In fact, Bitcoin’s price dropped by around 2.1% in the past week, trading at $42,750 at the time of this writing. Its dominan...
