Bullish

Ethereum price is attempting a fresh increase above the $3,450 resistance zone. ETH must settle above $3,550 to continue higher in the near term. Ethereum slowly moved higher above the $3,450 zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $3,415 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,520 and $3,550 resistance levels to continue…

June was much rougher for Bitcoin than many expected at the beginning of the month. This is because the price of Bitcoin virtually declined throughout the month, leaving many investors, especially short-term holders, disappointed. However, despite the price decline, on-chain data suggests that Bitcoin adoption is growing. New data shows the number of new Bitcoin addresses being created has surged to the highest level in two months. This growth suggests the long-term prospects for Bitcoin remain strong. New BTC Addresses…

MicroStrategy’s stock surged 115% this year, surpassing Bitcoin’s gains. Maxim Group gave MicroStrategy a bullish rating with a $1,835 price target, citing optimism over its Bitcoin holdings. MicroStrategy (MSTR), led by Bitcoin advocate Michael Saylor, has seen a remarkable 115% surge in its stock price this year, outpacing Bitcoin’s gains. This meteoric rise is owed to several strategic endeavors, primarily the company’s assertive Bitcoin investment strategy. The key factor contributing to MicroStrategy’s high stock price is its heavy spending on…

The cryptocurrency market has been a rollercoaster ride in 2024, with many tokens experiencing significant losses. However, amidst the chaos, XRP, the native token of Ripple, has stood out as a beacon of stability. While not immune to the overall market dip, XRP has remained relatively range-bound, minimizing losses and sparking renewed optimism among analysts and investors alike. Stability Breeds Bullish Sentiment While Bitcoin and Ethereum have taken significant hits this year, XRP has displayed remarkable resilience. This stability is…

The post BTC Back To 60K Support Region, Ether ETF Remains Bullish Catalyst: QCP appeared first on Coinpedia Fintech News QCP in its weekend brief noted that an onslaught of bearish headlines throughout the week has taken BTC back down to the 60k support region. The market has to deal with overwhelming supply from the Mt. Gox unlocks and the selling by government bodies. In its view, the scary supply numbers are probably overstated, and the market will grind sideways…

The post Bitcoin Price Prediction: No Confirmation Of Bullish Reversal, Major Crash To $56k On Cards appeared first on Coinpedia Fintech News Analyst Josh of Crypto World took to his latest analysis and revealed that Bitcoin is still showing a short-term bearish signal, repeating its past price movements. He said that over the last day, nothing major has changed. Examining the daily Bitcoin chart, he saw that the DXY (U.S. Dollar Index) is trending upwards, forming higher lows and highs,…

A crypto expert has predicted a bullish price reversal for Bitcoin, the world’s largest cryptocurrency. The analyst suggested that Bitcoin’s price may have bottomed in, potentially signaling the start of market stabilization after a prolonged downturn. Bitcoin Price Reversal On The Horizon Crypto expert and Bitcoin analyst, Willy Woo has taken to X (formerly Twitter) to shed light on Bitcoin’s current price performance and its future outlook as market conditions stabilize. The analyst disclosed that there may be a good…

Solana (SOL), a cryptocurrency renowned for its fast transaction speeds, might be on the verge of a significant comeback. Technical analysts are drawing parallels between the current price chart and a previous pattern that preceded a substantial price surge in 2022, sparking optimism for a bullish reversal. Solana: Chart Pattern Suggests Possible Rebound The buzz among analysts centers around a descending triangle pattern visible on SOL’s current chart. This pattern, often observed during a consolidation phase after a downtrend, typically…

Solana started strong increase above the $135 resistance. SOL price is up over 10% on the ETF hopes and it might rise further toward $162. SOL price started a steady increase and cleared the $142 resistance against the US Dollar. The price is now trading above $142 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $142 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could…