Charts

In a technical analysis shared with his followers on X, crypto analyst Bobby A (@Bobby_1111888) provides a bullish prediction for XRP despite the US Securities and Exchange Commission’s decision to appeal the ruling in its case against Ripple Labs. Amid the regulatory turmoil, Bobby’s interpretation of the macro charts suggests a bullish outlook for XRP, contradicting the potential bearish sentiment stirred by the SEC’s latest legal maneuver. Bobby contrasts the immediate market reactions typically triggered by high-profile legal news with…

Bitcoin (BTC) and the broader crypto markets are navigating challenging conditions, historically worsened by September’s seasonality struggles. In a recent report, Kaiko researchers recently explored how a potential US rate cut and other key economic events could affect Bitcoin. These four charts provided by the analysts explain what to expect from BTC in the coming weeks. Monthly Change in Bitcoin Price in September As BeInCrypto reported, the third quarter has historically been challenging for Bitcoin and the broader crypto market, with September…

The post Telegram Surges in App Charts After CEO Arrest; Expert Discusses Impact on Other Messaging Apps appeared first on Coinpedia Fintech News Chris Beer, a consumer and tech analyst at GWI, notes that the accusations against Telegram CEO Pavel Durov aren’t unique to the app and could apply to other social media platforms. For the unversed, Durov was arrested recently at Le Bourget Airport near Paris. The investigation against him focuses on the lack of moderators on Telegram, with…

The post CryptoQuant Reveals Top 5 Key Charts Why BTC Plunged 10.8% in Just Two Days! appeared first on Coinpedia Fintech News In the past two days, Bitcoin dropped from $65,062 to $58,053, a decrease of 10.8%, as enthusiasm over potential Federal Reserve interest-rate cuts faded. Over the past three months, Bitcoin has fallen by 12% and is currently trading 20% below its peak of nearly $74,000 reached in March. Maartunn, a leading author at CryptoQuant, has examined this recent…

After hitting an all-time high of $73,400 in March 2024, the Bitcoin price has since retraced, remaining below its all-time high for the last four months. Nevertheless, expectations remain high that the Bitcoin price will eventually recover and hit a new all-time high, with crypto analyst “Melikatrader94” on TradingView predicting another run to $77,600. Bitcoin Turns Bullish On The Charts In the analysis that was shared on the TradingView website, crypto analyst Melikeatrader94 revealed her thesis for why the Bitcoin…

The post Bearish Charts Indicate Bitcoin’s Drop: Are We Heading for $48,500? appeared first on Coinpedia Fintech News The price of Bitcoin has been struggling lately because the market sentiment isn’t great. Let’s break down what’s happening with BTC and why things look a bit gloomy. A Tough Spot for Bitcoin If you’ve been watching Bitcoin’s 1-hour chart, you’ve probably noticed that BTC is stuck at $56,700. It’s caught between the 20 day & 50 day moving averages, kind of…

Bitcoin, the undisputed king of cryptocurrencies, faces a challenge as it approaches a critical moment. After a stellar run in the first half of 2024, breaking past the crucial $71,000 barrier, the digital gold has retreated, currently hovering around the crucial $61,000 support zone. This recent dip has sparked a debate amongst analysts, with some clinging to bullish long-term outlooks and others cautioning of potential headwinds. Rainbow Whispers: A Golden Buying Opportunity Or Fool’s Gold? One factor keeping some bulls…

Crypto analyst Egrag Crypto has provided another bullish narrative for the XRP price. This time, he outlined two scenarios that could occur and cause the crypto token to experience a breakout, potentially sending it as high as $7.5. This comes with the recent revelation that XRP’s Relative Strength Index (RSI) has reached its lowest ever.  Time For An XRP Price Breakout Egrag Crypto shared a chart in an X (formerly Twitter) post that showed that the crypto token could rise…

Monero is experiencing a significant uptick in discussions across social media following the announcement of LocalMonero’s closure, according to Santiment data. This surge in attention on Monero (XMR) coincides with ongoing government efforts to regulate privacy-focused assets. LocalMonero Shuts Down LocalMonero, a peer-to-peer (P2P) exchange based on Monero (XRP), announced its closure via a blog post, citing a mix of internal and external factors. After nearly seven years of operation, the platform is winding down its exchange operations, immediately ceasing…