Market News

Ethereum Price To Reclaim $1,300, What Are The Possibilities?

This week saw a positive recovery in some crypto assets, including Ethereum. It is gaining momentum and is preparing for a bullish rally in the coming days. Although Ethereum is still below $1,300, some factors point to a possible rally to $1,350 and $1,550. The cryptocurrency market has been filled with FUD (Fear, Uncertainty and …

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This Historic Bitcoin On-Chain Support Level Is Still Not Lost

On-chain data shows that Bitcoin’s historic 20-day support level aSOPR has continued to hold so far. Bitcoin 20-Day MA aSOPR rebounding outside the historic support line As one analyst at CryptoQuant pointed out: MailBTC aSOPR recently retested its 8 year old support. The “Profit ratio of spent output(or SOPR for short) is an indicator that …

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Will Bitcoin (BTC) See A Christmas Rally? Here’s What To Watch

After the recent speech by US Federal Reserve Chairman Jerome Powell, there was a fireworks price in the stock market, which also benefited Bitcoin. As a result, the price of BTC soared to over $17,000. At the time of publication, Bitcoin is trading at $16,982. However, the joy could not last long. The price is …

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Bitcoin Price Starts Technical Correction, Here’s Key Support To Watch

Bitcoin price traded above the $17,000 resistance. BTC is correcting gains and it might drop towards the $16,650 support area in the near term. Bitcoin gained pace and cleared the $17,000 and $17,200 resistance levels. The price is trading above $16,650 and the 100 hourly simple moving average. There was a break below a major …

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Bitcoin Hits $17,000, But Is It Too Early To Call The All Clear?

Bitcoin is recovering from the last week’s losses, and is about to regain the support lost during the FTX debacle. The number one cryptocurrency by market capitalization is showing some strength in the short term as macroeconomic conditions continue to improve. Other cryptocurrencies in the top ten by market cap are seeing gains. Dogecoin (DOGE) …

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Bitcoin Could Reach Near $18,000 If It Breaches This Resistance

Bitcoin price increases have brought some sunshine to the cryptocurrency sector. All three CoinGecko timeframes– Daily, Weekly and Bi-Monthly – Show BTC Positively. This is great news for the cryptocurrency market as a whole, as BTC is the dominant currency in this sector. Here is a quick look at Bitcoin’s recent performance: Optimistic market movement …

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Ethereum Price Gearing For Lift-Off to $1,400, Key Support In Place

Ethereum gained pace above the $1,250 resistance area against the US Dollar. ETH even rose above $1,300 and is currently correcting gains. Ethereum remained well supported and even cleared the $1,280 resistance area. The price is now trading above $1,250 and the 100 hourly simple moving average. There is a major bullish trend line forming …

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