Bitcoin’s price could be facing a challenging time ahead, as highlighted by a crypto analyst who predicts a possible drop to the $52,000 range. The breaking of key support levels suggests a shift from a bullish stance to a more bearish outlook. The analyst, Justin Bennett, points out significant market imbalances between February 26 and
Selling
Recent reports regarding the South Korean Financial Supervisory Service (FSS) have brought to light the regulatory measures being taken with regards to digital assets on local crypto exchanges. The FSS has made it clear that it is not directly involved in the listing or delisting of virtual assets on exchanges, but rather focuses on establishing
Bitcoin investors have been on an emotional rollercoaster ride lately as the price of the popular cryptocurrency continues to fluctuate. While the Bitcoin Taker Buy Sell Ratio has dipped below one, signaling a bearish sentiment, there are glimmers of hope on the horizon. Some exchanges are showing a rising ratio above one, indicating a potential
Bitcoin has experienced a significant amount of selling pressure in the past week, leading to a decrease in its value by nearly 5% according to data from CoinGecko. The recent bearish trend has been attributed to active selling by Bitcoin miners. Analyst Ali Martinez noted that miners offloaded more than 1,200 BTC (worth around $80
Dogecoin (DOGE) has been showing bearish signs below the $0.150 resistance zone against the US Dollar. The price is currently moving lower below the $0.150 support zone, trading below the $0.1450 level and the 100-hourly simple moving average. There was a significant break below a key bullish trend line with support near $0.1425 on the
The recent price crash of Bitcoin, after briefly hitting $69,000, has left many investors wondering about the future of the cryptocurrency. However, despite this dip, the bulls have managed to hold up support above $67,000, indicating that there is still bullish sentiment prevailing in the market. Many are still optimistic about Bitcoin’s price potential, expecting
Bitcoin, the leading cryptocurrency in the market, has been facing challenges in reaching the anticipated price surge of $100,000. Despite the introduction of spot Bitcoin Exchange-Traded Funds (ETFs), the market has not seen the desired impact on Bitcoin’s price movement. Charles Edwards, the founder of Capriole Investments, has shared his insights on the hurdles preventing
The cryptocurrency Polkadot (DOT) has gained attention for its unique approach to interoperability and scalability within the blockchain space. Despite its recent upward momentum, the presence of a rising wedge chart pattern on the price chart indicates a potential downturn in the future. Traders and investors closely monitor confirmation signals, such as a break below
In the world of cryptocurrency trading, centralized exchanges (CEXs) have long been the dominant players. Despite the increasing popularity of decentralized platforms, CEXs continue to hold a significant share of the market. These exchanges not only facilitate the buying and selling of cryptocurrencies but also provide valuable insights into market sentiment through the analysis of
Ethereum price is currently facing a significant hurdle in breaking above the $3,840 resistance level. Despite multiple attempts to gain bullish momentum, ETH has failed to clear this key resistance zone. The inability to break above this level suggests a lack of buying interest and potential selling pressure in the market. The hourly MACD for