Bitcoin long-term hodlers begin ‘distribution’ which preceded BTC price bottoms
[ad_1] Bitcoin (BTC) stayed wedged in a tight range on June 4 as traders’ demands for a new macro low persisted. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Long-term holders begin ‘distribution’ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stuck between $29,000 and $30,000 into the weekend. The...
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3 reasons why Ethereum price is pinned below $2,000
[ad_1] Ether’s (ETH) market structure continues to be bearish despite the failed attempt to break the descending channel resistance at $2,000 on May 31. This three-week-long price formation could mean that an eventual retest of the $1,700 support is underway. Ether/USD 4-hour price at Bitstamp. Source: TradingView On the...
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Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first
[ad_1] The cryptocurrency market was hit with another round of selling on May 26 as Bitcoin (BTC) price dropped to $28,000 and Ether (ETH) briefly fell under $1,800. The ETH/BTC pair also dropped below what traders deem to be an important ascending trendline, a move that traders say could result...
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Analysts say Ethereum price must hold this key level to avoid a capitulation-like move
[ad_1] The crypto market experienced another day of pain on May 12 as the fallout from the Terra’s LUNA and UST failure continues to ripple across the ecosystem. While the coverage for UST and its impact on Bitcoin (BTC) have been extensively covered over the past few days, the...
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Bitcoin clings to $36K as data suggests BTC price sell-off came from short-term holders
[ad_1] Bitcoin (BTC) found a new home at $36,000 into May 7 as volatility finally cooled into the weekend. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Terra down at least $250 million in crunch Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the $36,000 mark overnight after losing...
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Kadena price soars by 40% after new protocol launches and a major exchange listing
[ad_1] In bull and bear markets, the mantra for cryptocurrency projects that are focused on long-term sustainability is “always be building.” Kadena (KDA) is one project that has earned rewards from its forward-looking approach to development despite the weakness in the wider crypto market and the layer-one proof-of-work blockchain...
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Bitcoin’s Biden Spike Gone, Price Reverses Following 8% Gain
[ad_1] Bitcoin (BTC) has retraced significantly today, a day after recording an 8% gain in response to President Biden’s executive order. Bitcoin, like the rest of the crypto market, is under pressure, falling more than 5% and falling below $40,000 levels. Bitcoin is currently trading at $39,324 with a...
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Price analysis 2/23: BTC, ETH, BNB, XRP, ADA, SOL, AVAX, LUNA, DOGE, DOT
[ad_1] BTC and altcoins flashed a few bullish signals today, but traders say $38,000 is still the level Bitcoin needs to close above before a reversal can begin. [ad_2] Source link...
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Bitcoin Loses $40,000 Price Level for the First Time in 2 Weeks
[ad_1] Leading analysts called the $40,000 price level a ‘strong support’ level for Bitcoin. While the crypto asset remained above the mentioned level for most days in February 2022, the recent selling pressure from retail traders has pushed the price of BTC to its lowest level in approximately 2...
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Shiba Inu Enters The Metaverse, But Will This Help Its Price?
[ad_1] Meme coin Shiba Inu recently announced its move into the metaverse. The ‘Shibverse’ as it’s called will usher the cryptocurrency into a booming space, presumably to provide more utility for the digital asset. This news is no doubt well received by the community as it allows SHIB to...
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