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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Bitcoin Cash forms both a triangle pattern as well as a range To buy or not to buy, that is the question Bitcoin [BTC] surfaced above the $20k mark for a few hours. The […]
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin [BTC] has recovered decently in its up-channel trajectory since the beginning of July. However, the $23.8k-$24.4k resistance range evoked a reversal and brought down the king coin to confirm a patterned breakdown. The ongoing […]
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Bitcoin fell to lows of $17,600 last week, with investors losing over $7.3 billion over three brutal days. Glassnode data showed long term investors sold more than 178k bitcoins over the period, while the sell-off accounted for over 555,000 BTC. Among those shown to have sold more during the massive downturn are miners. Are you […]
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The global crypto market cap fell below the $1 trillion level post the market-wide drawdowns. Without a surprise, the crypto fear and greed index gauged the sentiment to be in the extreme fear zone as it plunged to its record low at the time of writing. Although Tron [TRX] had a bullish rally in April […]
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After dropping from its May 2021 ATH, Litecoin [LTC] bears ramped up their consistent efforts to close below the $91-$104 range for nearly a year. The altcoin’s extremely high correlation with Bitcoin subjected it to market-wide liquidations over the last few months. Thus, the drop below the $91-level has set LTC in a heightened bearish […]
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin Cash has a +0.99 price correlation with Bitcoin, which meant that the movement of Bitcoin Cash on the charts pretty much follows the movement of Bitcoin. This could be bad news for Bitcoin Cash […]
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Like most altcoins, Avalanche (AVAX) noted a substantial diminution in its value over the past month. The sell-off from its six-month trendline resistance (white, dashed) carved out a falling wedge (white) on the daily timeframe. […]
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Data from Santiment showed a dramatic increase in transaction volumes for Ethereum in the past two days. Moreover, the number of addresses at a loss on the Ethereum network reached a new ATH, which was […]
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum price has been hovering inside a trading range since the sell-off in January. The recent downswing caused around the FOMC meeting on 4 and 5 May seems to have triggered a massive sell-off […]
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Ronin Network, a cross-bridge chain that powers Axie Infinity, underwent one of the largest exploits. This resulted in a loss of 173,600 Ethereum and 25.5 million USDC, equivalent to more than $600 million. Since the breach occurred on 23 March, the stolen funds have flowed into FTX, Huobi, and Crypto.com, which have all vowed to […]
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