Bitcoin price is facing a major hurdle near $35,250. BTC could rally toward $37,000 once it clears the $35,250 and $35,500 resistance levels. Bitcoin is aiming for a fresh move above the $36,000 resistance zone. The price is trading near $34,850 and the 100 hourly Simple moving average. There is a key contracting triangle forming…
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Shibarium has had quite the adoption and growth since its launch. The layer-2 solution has grown in various metrics over the months, demonstrating strong momentum. Shibarium is closely approaching the 4 million milestone in total transactions. At the same time, whales are increasing their activities, as large transactions spiked in the past week. Shibarium Nears…
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A look into the Bitcoin price action shows a consolidation under the $35,000 support level has resumed, but the majority of holders are holding steady. Onchain data has revealed that the number of Bitcoin unmoved in a 3-month timeframe has reached a record high of 88.5%. The upside potential remains huge despite the ongoing consolidation,…
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The Director of Global Macro at Fidelity Investments, Jurrien Timmer, recently provided insights into the potential of the flagship cryptocurrency, Bitcoin, and went as far as labeling the crypto token as “exponential gold.” A Glance At Bitcoin’s Adoption Curve In a post released on his X (formerly Twitter) platform, Timmer mentioned that Bitcoin’s scarcity and…
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Data shows the cryptocurrency longs have taken a beating today because of the plunge towards $34,000 that Bitcoin has observed. Cryptocurrency Futures Market Has Seen Liquidations Totaling $137 Million Today According to data from CoinGlass, a large amount of liquidations have taken place in the cryptocurrency futures market during the past day. “Liquidation” here refers…
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Chainlink (LINK) appears to be riding the current market momentum as the cryptocurrency industry experiences a widespread surge. The recent fluctuations have brought LINK along with other digital currencies into the spotlight, prompting investors to closely monitor its trajectory. Amidst this upward trend, Chainlink has strategically positioned itself as a dominant force in the world…
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In their latest market update, QCP Capital, a crypto asset trading firm headquartered in Singapore, has dissected the recent Bitcoin price movements, attributing the rally to macroeconomic factors rather than the much-anticipated approval of a spot ETF. To recall, the Bitcoin surged from $34,500 to almost $36,000 on Wednesday. The Main Reason For The Bitcoin…
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FOR UPDATE… Solana has demonstrated remarkable resilience on its bullish trajectory, despite experiencing minor setbacks in the 24-hour timeframe. Recent on-chain data reveals the altcoin concluded the month of October with an impressive 62% gain. This surge in performance has garnered substantial attention, with Santiment reporting a growing Solana social dominance. According to their data,…
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Bitcoin price failed to continue higher above $36,000. BTC corrected gains and might find strong buying interest near the $34,200 support zone. Bitcoin corrected gains from the $36,000 resistance zone. The price is trading near $34,700 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $34,300…
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As Bitcoin (BTC) continues to consolidate above the $34,000 mark, aiming to surpass and reclaim its yearly high, theories suggest that a retracement may follow the current upward spike in the coming weeks. On this matter, the renowned crypto analyst known by the pseudonym “Crypto Soulz” recently shared insights on the potential short-term retracement for Bitcoin…
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