Analysis

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 […]

After starting the week strongly, Bitcoin has recently seen a downturn. Currently priced at $66,500, Bitcoin has slipped by 4.5% in the past 24 hours. This decline may be linked to the U.S. government’s recent transfer of $2 billion in Bitcoin seized from the Silk Road operation. Veteran trader Roman Trading forecasts that Bitcoin might […]

XRP, currently priced at $0.62, might be on the brink of a significant upswing, despite its recent struggles. Analyst Tony Severino of CoinChartist suggests that historical patterns and technical indicators are setting the stage for a potential bull run. The tightening of Bollinger Bands, a key volatility measure, often signals imminent price movements. XRP’s bands […]

Since the bull market kicked off in late 2023, Solana (SOL) skyrocketed from $20 to $210 by March 2024, marking an extraordinary 850% increase. However, by Q2, SOL’s value dipped below $150, breaking a long-term support trendline. Now, SOL is showing signs of rebounding, sparking optimism about its future potential. Market analyst Ansem pointed out […]