Bitcoin

Ethereum price started a fresh upward move above the $2,335 resistance. ETH is now aiming for more upsides above the $2,420 resistance. Ethereum started another increase from the $2,280 resistance. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,310 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,420 resistance to continue higher in the near term. Ethereum Price…

Bitcoin price started another increase above the $60,500 resistance. The Fed reduced rates by 0.50%, sparking a bullish wave in BTC toward $62,500. Bitcoin is gaining pace above the $60,200 resistance zone. The price is trading above $60,500 and the 100 hourly Simple moving average. There was a break above a short-term declining channel with resistance at $60,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend gains if it stays above the…

Bitcoin (BTC) could be gearing up for a new All-Time High (ATH) this year if it breaks through key resistance levels at $60,000. Despite experiencing substantial volatility and price instability over the past few months, analysts express bullish optimism for the cryptocurrency in the coming months.  New Bitcoin All-Time High Incoming The Bitcoin price chart is flashing bullish signals as the cryptocurrency is up above $60,000 once again. Earlier this month, Bitcoin jumped over the $60,000 mark but witnessed a…

Traders on the Chicago Mercantile Exchange (CME) have been increasing their short positions on Bitcoin futures ahead of the US Federal Reserve’s interest rate decision, according to K33 analyst David Zimmerman. This move indicates a cautious approach in the market, as the Federal Open Market Committee (FOMC) is expected to announce its latest interest rate decision later today by 2 pm ET The Looming Rate Cut And The Beforemath So far, current market sentiment points towards a 50 basis-point rate…

The next crypto bull run is right around the corner, following the Federal Reserve’s start of quantitative easing in Wednesday’s FOMC.  As of press time, the Fed’s policy decision isn’t out yet. However, experts believe that the size of the rate cut would hardly make a difference in the long term. While the market is pricing in a 50 bps cut, a 25 bps cut is also bullish for risk assets like cryptocurrencies.  Unsurprisingly, the BTC price is up by…

Singapore, Singapore, September 18th, 2024, Chainwire MatrixPort, a leading digital asset financial services platform and exSat, a breakthrough Bitcoin scalability solution, have entered into a comprehensive strategic partnership. By leveraging their respective strengths, they aim to accelerate the growth and application of the Bitcoin ecosystem, marking the start of a new era in Bitcoin development. MatrixPort, a global one-stop digital asset financial services platform, brings extensive industry experience, robust technology, and a large user base to offer secure, convenient, and…

An analyst has explained how the worst could be behind for Bitcoin, and Q4 may bring back bullish momentum if history is anything to go by. Q3 Has Historically Been The Worst Time For Bitcoin Investors In a new post on X, Capriole Investments founder Charles Edwards talked about how investors are going through the worst time for Bitcoin. Below is the table cited by the analyst, which breaks down the quarterly returns the cryptocurrency has seen throughout its history.…

With very few exceptions from the altcoins, Bitcoin has dominated this bull market. With BTC Dominance well over 58%, will most of the altcoins be squeezed out of the rest of this bull market cycle? Bitcoin dominance is continuing to rise. Currently at 58.47%, BTC dominance has just powered through resistance, and is now heading for the next resistance at 60%. Why is Bitcoin getting all the love? Why is Bitcoin getting all the love, while the vast majority of…

Bitcoin (BTC) has been on the verge of blowing through the top of its bull flag on several occasions. However, the price was rejected every time. Will this time be different? Bitcoin biggest benefactor from global liquidity According to renowned analyst Lyn Alden, during any 12-month period, Bitcoin has the highest correlation with global liquidity than any other asset. With global liquidity on the rise, as world central banks start to cut interest rates, Bitcoin is very likely to be…