Analysis

Bitcoin (BTC) has made headlines by surpassing the critical $63,000 level, trading at around $63,400 at the time of writing, indicating the possibility of a strong Q4 performance. This price recovery comes after a brief period of volatility, with market participants regaining control and positioning Bitcoin for future growth. Despite this positive momentum, concerns linger […]

Gert van Lagen, a prominent technical analyst, predicts a substantial price increase for Bitcoin (BTC) in the coming year, projecting a rise of over 472%. In his latest analysis, he describes a step-like formation in Bitcoin’s price action, characterized by consolidations followed by upward movements, akin to a staircase in an upward trend. $BTC [1W] […]

Recently, Ethereum failed to overcome the $2,450 resistance, which led to a drop below $2,400 and $2,350, with a short-term low of $2,253. Although it has attempted a minor recovery above $2,285, it is still below the $2,310 level and its 100-hour simple moving average (SMA). Resistance is building at $2,300 and the major barrier […]

Bitcoin sentiment has shifted slightly towards the positive after a recent dip, with the cryptocurrency testing the $60,000 mark. Despite this, technical analyst Alan Santana has voiced a bearish outlook, suggesting that Bitcoin’s price chart indicates a downward trend. Santana, known for his technical analysis on TradingView, reiterated his short position in a September 14 […]

XRP, the cryptocurrency associated with Ripple, may be approaching a significant squeeze against Bitcoin (BTC). XRP/BTC looks ready for a huge squeeze pic.twitter.com/O0lzuHbTCZ — Crypto Michael (@MichaelXBT) September 8, 2024 Currently, the XRP/BTC trading pair is valued at 0.00000968 BTC, reflecting a 34.5% drop since the start of the year. However, it has seen a […]

Crypto analyst Benjamin Cowen has shared a cautious outlook for Ethereum (ETH), highlighting that the cryptocurrency is currently trading around 40% below its March 2024 peak. Cowen indicated that Ethereum might decline further by at least 5% relative to Bitcoin (BTC). When analyzing the ETH/BTC chart, Cowen noted that Ethereum is likely to find a […]

A well-known crypto analyst believes that Bitcoin (BTC) is on the verge of entering the parabolic phase of its market cycle. “Rekt Capital said that based on historical data, Bitcoin could return to bullish price action in the next few weeks. He explained that Bitcoin is currently in what he calls the “boring zone,” which […]

According to a recent analysis on Crypto Banter, Bitcoin might present a buying chance despite its current volatility. The Stochastic RSI indicator, which measures momentum, is suggesting a favorable entry point for Bitcoin investments. The analyst emphasized the importance of Bitcoin’s market dominance and its effect on other cryptocurrencies. Market sentiment, indicated by fear and […]

Over the past week, the price of Bitcoin has fluctuated within a narrow range of $57,815 to $61,815, encountering persistent resistance at the 50-day simple moving average (SMA) of $61,662. At the time of writing, the price of Bitcoin (BTC) is around $58,500, reflecting a slight 0.7% spike over the past day. This marks a […]

A crypto analyst has forecasted a potential major rise for Dogecoin (DOGE), predicting it could soon approach $1. The analyst, known as ‘Cryptorphic,’ anticipates Dogecoin could see its value increase dramatically. This prediction is based on recent market trends and technical analysis. $DOGE 10x Potential or too good to be true??🚀 It has been trading […]