Bearish

One very promising crypto asset that is performing very well today in the crypto market is Chainlink (LINK). Many experts have noticed LINK’s price path as current market circumstances offer a combination of volatility and stability. Under a background of restrained market movement, Chainlink’s technical patterns suggest a bright future. Technical Analysis Shows Promise According to new technical examinations, Chainlink is currently trading at $14.10, but a rise may be around the corner. It has been going down since it…

AVAX continues to rush forward to greater heights with the token reaching $28.74 since last week. This has been the biggest push by the bulls, influenced by the growing market confidence fueled by Bitcoin’s rally to $60k. Avalanche’s dev team is also hard at work with multiple on-chain news supporting this most recent price action. AVAX Gaming Grows With More Projects Although the gaming side of crypto is still relatively small, platforms like Avalanche provide developers with a stable and…

The post Bitcoin Marches Towards $70k: Bullish And Bearish Arguments Explained appeared first on Coinpedia Fintech News Bitcoin is rebounding from a crucial support level, maintaining its long-term bullish trend. While Bitcoin remains in a larger bull market, ETFs are also making a mark with inflows. On Thursday, there was an inflow into spot Bitcoin ETFs, totaling nearly $85 million, which is an increase from the $53 million seen on Wednesday.  However, these figures are still lower compared to the…

Recent trading activities have caused the price of MATIC to slide, targeting the $0.5030 mark, following a period of strong upward momentum disrupted by bearish pressure. This sudden drop, driven by increasing bearish sentiment in the market, has sparked speculation among traders and investors about whether the $0.5030 support level will hold or if further declines are imminent. As the bearish sentiment around MATIC continues to build, this article seeks to analyze its current price movements and the technical indicators…

The post Spot Bitcoin ETFs Go From Bearish To Bullish, Here Are The Figures appeared first on Coinpedia Fintech News Crypto enthusiasts witnessed a dramatic turnaround in Spot Bitcoin ETFs in the past week amid $1 billion inflows. The bullish bounce reignites investor confidence as selling pressure wanes on Bitcoin (BTC). Amid this trend, ETFSwap (ETFS) has been an exceptional project and continues to rise amid its presale rally. The new platform presents a unique profit opportunity for investors looking…

The post Bitcoin Overturns the Bearish Trend Ahead of ETH ETF: $70,000 Target Activated, Here’s When It May Strike! appeared first on Coinpedia Fintech News Just a few days before, the markets were filled with FUD as the Mt.Gox terror struck the market while the German government continued to sell the seized Bitcoin. Now that all the BTC have been sold, the markets have become optimistic ahead of the spot ETF launch which is scheduled for 23rd July. With this,…

The post Bitcoin Price Prediction: No Confirmation of Bearish Reversal; Price Eyes $60k with 3% Gains appeared first on Coinpedia Fintech News According to analyst Josh of Crypto World, Bitcoin is currently experiencing a bullish divergence while the one indicator is crashing, which points towards imminent liquidations—but this time to the upside. However, he said that the German government is running out of Bitcoin, currently holding less than 4,000 BTC worth a little over $200 million. Given their recent selling…

The Bitcoin price has recently shown signs of recovery, climbing back to the $58,000 level after hitting a five-month low of $53,500. However, technical analysis suggests that the digital asset may struggle to surpass crucial indicators, potentially revisiting lower price levels.  In a recent post on social media platform X (formerly Twitter), market expert Jackis highlights the bearish D1 trend indicator on the 12-hour chart, indicating the need for Bitcoin to reclaim the $64,000 zone to reverse the prevailing bearish…

The post Can Bitcoin Price Overcome Bearish Pressure Amid Upcoming FED Rate Cuts? appeared first on Coinpedia Fintech News The latest CPI reported unexpectedly low U.S. inflation. Core inflation fell 0.1 percent from 3.4 percent to 3.3 percent in June, the first drop in almost four years. Analysts see this as a bullish signal for Bitcoin, but the price isn’t rising. If the US central bank cuts interest rates, discouraging fixed-income investments, people will look for investments with higher returns.…