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CoinDesk
CoinDesk
FIL, GRT Rally Boosts CoinDesk Computing Index as Bitcoin Struggles
2 days ago
Crypto Breaking
Crypto Breaking
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Data shows social media users aren’t yet showing FOMO around Bitcoin, a sign that the current rally could still have the potential to continue. Bitcoin Social Volume Hasn’t Been Too High Recently According to data from the analytics firm Santiment, the crowd FOMO that may be associated with a rally like BTC has seen recently hasn’t yet cropped up on social media. The indicator of interest here is the “Social Volume,” which keeps track of the total amount of discussion any given topic or term is receiving on the major social media platforms right now. The metric measures this by counting up the posts/threads/messages that are making at least one mention of the given term. The reason it tracks the number of posts themselves rather than the mentions is so that a few threads with a significant number of mentions can’t skew the indicator by themselves. When a topic truly receives widespread attention on social media, a large number of posts crop up as users across the platforms participate in talks. Mentions, on the other hand, can sometimes spike just because some niche circles decide to discuss the term. As such, measuring Social Volume through posts is what provides a better representation of the general trend being followed. Now, here is a chart that shows the trend in the indicator for terms related to Bitcoin and cryptocurrency: The value of the metric seems to have been subdued in recent days | Source: Santiment on X As displayed in the above graph, the Bitcoin Social Volume hasn’t been too out of the ordinary recently, despite the sharp rally that the asset’s price has witnessed. Generally, the indicator tends to rise as rapid moves in the cryptocurrency take place since users get spurred to talk more about the coin. When discussions rise too high, though, it’s often a sign that FOMO is increasing in the sector. Historically, Bitcoin has tended to move against the expectations of the majority, so such a rise in FOMO has often resulted in top formations for the asset. When discussions rise alongside a drawdown instead (that is, a signal that FUD is going up), a bottom rather takes place for the coin. From the chart, it’s visible that last month, the indicator registered a spike around the time of the spot ETF approvals, which coincided with the top, but such FOMO hasn’t reappeared for the coin yet. “Despite Bitcoin’s +74% price rise in 4 months, the crowd FOMO that would normally be associated with this kind of surge has not been present,” notes the analytics firm. “There was certainly an interest in BTC in the weeks directly before and after the SEC’s approval of 11 ETF’s, but the lack of new greed in the space can actually be considered a promising sign that this rally can continue,” explains Santiment. BTC Price Bitcoin has seen some pullback in the past day as its price has slipped under the $51,000 level. Looks like the price of the asset has gone down over the past day | Source: BTCUSD on TradingView Featured image from Bastian Riccardi on Unsplash.com, Santiment.net, chart from TradingView.com Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk. Source: NewsBTC.com The post Bitcoin FOMO Hasn’t Spiked Yet: Green Signal For Rally To Continue? appeared first on Crypto Breaking News.

4 days ago
Coinpedia
Coinpedia
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The post Ethereum Flashes Bearish Signals: Here’s Where It May Reach If Bulls Fail to Defend the Support appeared first on Coinpedia Fintech News The crypto markets are swinging into a strong consolidation phase. While the Bitcoin price is feared to drop below $51,000, & Ethereum price sticks above $2950. With this, the market participants could be hopeful of the token surpassing $3000 any time from now on. But, unfortunately, the second largest crypto appears to be preparing to offer another buying opportunity, probably below $2,600 very soon.  The ETH price traded within an ascending pattern, forming consistent higher highs and lows, which indicated a growing strength among the bulls. The latest trade set-up suggests the price is preparing to either be stagnant for a while or initiate a fresh bearish case. However, the latter possibility appears to be more likely, as the formed candlestick pattern suggests a trend reversal may have materialised. After marking the highs above $3000, as a result, it formed a ‘Bearish hammer’, with the close of the candle being higher than the open. Moreover, the previous day’s trade witnessed enough competition between bulls and bears, which formed a ‘Doji Candle’. Doji candles usually occur at the end of uptrends and signal bearish reversals. However, the ETH price has been facing acute bearish pressure since the early trading hours, which has validated the beginning of a fresh descending trend.  Additionally, the RSI formation also substantiates the bearish claims as it is plunging after marking the highs above 82. If the levels drop below the threshold at 70, then the Ethereum bulls could lose their grip on the rally, compelling the price to test the support zone between $2392 and $2446. If the bulls fail to hold the rally at these levels, then the ETH price may slide down towards a lower target. However, this appears to be more unlikely.  Collectively, the Ethereum (ETH) price continues to trade within a decisive phase where a drop below $2900 may trigger a fresh bearish case while a rise above $3000 may trash all these possibilities. 

2 days ago
Crypto Family - RkY Sri Lanka
Crypto Family - RkY Sri Lanka
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Bitcoin Quick Update Today| #46th Update Good Morning, traders I trust you've been profitable by staying updated on our previous analyses. you'll know the market conditions and movements. so don't forget to click follow button ✅ Now BTC showing a bearish momentum according to 4h chart & 1h chart. Bitcoin is currently trading at $51200 I've included charts for 1D, 1W, 1M, and 4H timeframes below for reference. 👉 From my analysis, a correction to around 50300 or even as low as 50000 seems probable in the coming days. If the support at 50000 holds, we may see another pump with targets at 52000 and potentially $53000. 👉 Failing to maintain the 50000 support could lead to further downside, with targets at 49600, 49500, 49300, and 48500. 👉 Notably, there's a significant amount of liquidation orders at $50000, totaling 474.84M, while the $53125 area holds 533.54M in liquidation orders. 📍LONG liquidation at 50000$ 📍SHORT Liquidation at 53000$ 👉 Whales are actively involved in both sides stoploss hunt, so first hunt down side then up side usually, making the 50000 area a key level to watch. but this time Think Whale play different from we think because halving period loading nearly ... so 53500$ possible. 👉 BTC recently broke out of a Symmetrical Triangle on the 4-hour timeframe. The current trading action suggests a potential dump followed by a retest of the trendline. A successful retest could propel the price towards 49000 and even $50000. According to the 4-hourly chart. 4h Chart 📍- Resistance: $51500 🟢- Support: $50600 According to the 1-hourly chart. 1h Chart 📍- Resistance: $51500 🟢- Support: $50750 Considering the retest, there are two scenarios: 1. A successful retest could lead to a rally towards $53500. 2. However, if the retest fails, we might see a decline towards $49000 - $47500. Even if 20,000 people seeing this post, only 1% will follow & like this post because they want to learn for earn. I hope you're one of them. I don't know why 99% are not following me 😃. like this post for more TA.

2 days ago
宇宙区块观
宇宙区块观
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Bitcoin and altcoins undergo market adjustment: potential extreme targets for SOL in the future The past 24 hours have not been smooth for altcoins, and the exit from the spot Bitcoin ETF reminds us that we won’t see multi-billion dollar accumulations every day. The expected price correction arrived without delay, with Bitcoin falling below $52,000. At the time of preparing this article, it is still hovering around $51,000, below key areas. The altcoin also saw considerable losses based on its support levels. Solana The price of SOL coin has been increasing since falling to $79 in January. Bitcoin's decline has also affected it, with the price falling back to the $100 level over the past 24 hours and now finding buyers at $104. Whenever Bitcoin has seen a rally, the popular altcoin has been very strong, supported by hype within the network. The $100 level has long been a key area for price correction. As long as the price remains above this resistance area, we should see the upside potential continue. The RSI on the weekly chart shows that the bull market still holds the upper hand. SOL coin has been trading within a symmetrical triangle since its peak on December 25, 2023, a neutral pattern that warns of an imminent breakout. Investors who were waiting on the sidelines finally seized the opportunity. SOL seems like the right choice to buy at around $100, and I think buy and hold is a good option for those considering buying for the long term. SOL coin is currently at a good level for those considering long-term buying. The price of SOL coin indicates that it is consolidating for another round of gains. The most likely count shows that SOL is on the third of five rising waves with a target of $145. While the wave count to new highs looks promising, a downward breakout from the symmetrical triangle could pull SOL coin price back to $69. This will be a potential extreme target for SOL coin in the coming weeks. #solana For more analysis, pay attention to the universe, and share free daily spot passwords and bull market strategy layouts at the top of the list!

3 days ago
Cryptop
Cryptop
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The entry of whales into bitcoin soars : The variety of addresses which have between 1,000 and 10,000 bitcoins (BTC), what is healthier generally known as “whale” wallets, has not stopped rising for a month. They went from a complete of 1,888 to 2,030 on this brief interval, which displays a rise in buying energy available in the market. This has contributed to bitcoin’s rise since then from $39,000 to over $50,000 (USD). This may be seen within the following Nodecharts graph. “These quantities usually tend to be associated to whales or institutional buyers than to retailers,” stated the analyst generally known as Crypto Dan. He acknowledged that his appreciable enhance got here after the approval of exchange-traded funds (ETF) of bitcoin in the USA, which can have motivated its entry. Crypto Dan clarified that whale rally not but as important as within the latter a part of the bull market in 2021. Subsequently, this displays that the market may proceed to be pushed greater. Nevertheless, he steered it may very well be an indication that the cycle is at a complicated stage. “Usually, in bull markets, after a major inflow of institutional buyers, new particular person buyers enter the market, marking the tip of the bull run,” he elaborated. In relation to this, the investor and market analyst, Juan Rodríguez, acknowledged that the demand for ETFs reveals that institutional buyers are coming into the market. And he initiatives there will likely be “a second bull wind” when this drives mass shopping for by retailers.

3 days ago
CryptoNewsLand
CryptoNewsLand
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XRP’s price experienced an 8% retracement to $0.53 but showed resilience amidst selling pressure. Despite lagging behind rival coins like Avalanche and Ethereum in gains, XRP saw a 7.4% increase. The trading volume for XRP dropped by 73.2% from its peak on February 15 to 22, indicating a decline in trading activity. XRP experienced a notable setback, declining by 8% to a weekly low of $0.53 on February 22nd. However, amidst this downturn, traders displayed resilience, signaling an intent to hold out for a potential rebound. A week earlier, XRP had surged to a peak of $0.58 on February 15th, driven by favorable conditions within the layer-1 crypto sector. Despite slipping below $0.55 in subsequent days, investors refrained from instigating a significant sell-off. Source: TradingView This behavior mirrored trends in other layer-1 coins like Avalanche, Solana, and Ethereum, which all witnessed substantial gains. While XRP trailed its counterparts with a 7.4% uptick, it still reached a monthly high before its retracement. On-chain data analysis revealed a prevailing bullish sentiment among XRP holders, even amidst the price decline. Notably, trading volume plummeted by 73.2% between February 15th and 22nd, while the price only dipped by 8%, indicating underlying investor confidence and anticipation of a rebound. Factors such as the overall growth in the altcoin market cap, coupled with historic peaks in Bitcoin and Ethereum prices, further supported optimism for XRP’s recovery. However, challenges remain, with resistance seen around the previous peak of $0.58 and crucial support at the $0.50 mark. The coming days will determine whether XRP bulls can defend key levels and drive the price towards a potential breakout above $0.60 or if bears will exert pressure, leading to further declines. Read also: XRP’s Path to $1.87: Expert Analyst Predicts 269% Rally Despite Recent Setbacks How Top Analyst’s Long-Term Outlook Fuels XRP Enthusiasm: $0.8888 & $1.0507 Predictions XRP’s Potential Rebound: Top Analyst Sets Targets from $0.60442 to $1.88 XRP’s Cup & Handle Pattern: A Bullish Signaling for $1.05 & $1.88 Targets XRP’s Potential $3.39 Increase, Analyst Weighs In The post XRP Bulls Stand Firm as Price Dips: Will $0.50 Be Defended? appeared first on Crypto News Land.

3 days ago
CryptoMaestroking
CryptoMaestroking
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📊 6 Top Altcoins Poised for a 300% Rally in a Bull Market In a thriving cryptocurrency market dominated by Bitcoin and Ethereum, attention has shifted to altcoins poised for substantial growth. Mastering highlights six altcoins with the potential to rise up to 300% in the current uptrend. Click Here to Go to Yours Rewards 1. Verasity (VRA): Priced at $0.007215, Verasity operates as an open ledger ecosystem fighting ad fraud, providing transparency to publishers and advertisers. 2. Curve DAO (CRV): Trading at $0.5348, CRV, with a mid-cap valuation over half a billion dollars, serves as a decentralized exchange suitable for stablecoins. 3. Dogecoin (DOGE): With a valuation above $12 billion, DOGE, priced at $0.08515, has gained 5% over the past week, and the analyst predicts a potential upside of 300%. 4. Oasis Network (ROSE): Trading at $0.1198, Oasis Network's ROSE token is a privacy-friendly and scalable Layer 1 blockchain network, positioning itself for Web3 growth. 5. 6. Hedera (HBAR): Priced at $0.08455, HBAR, with a gain of 7.7% over the past week, is recognized as a durable and widely used public network for decentralized applications. In summary, these identified altcoins offer promising opportunities for investors in the current bull market, although market conditions are dynamic and prone to volatility. If you found this helpful, please consider tipping me via the Binance Tipping feature. Your generosity will help me continue providing high-quality content. 🙏🏿 #Write2Earn #TrendingTopic #xrp #DOGE #VERASITY

3 days ago
ShopTips
ShopTips
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📊 6 Top Altcoins Poised for a 300% Rally in Bull Market In a thriving cryptocurrency market dominated by Bitcoin and Ethereum, attention has shifted to altcoins poised for substantial growth. Mastering highlights six altcoins with the potential to surge up to 300% in the current bullish trend. Click Here to Go to Yours Rewards 1. Verasity (VRA): Priced at $0.007215, Verasity operates as an open-ledger ecosystem combating advertising fraud, providing transparency to publishers and advertisers. 2. Curve DAO (CRV): Trading at $0.5348, CRV, with a mid-cap valuation exceeding half a billion dollars, serves as a decentralized exchange tailored for stablecoins. 3. Dogecoin (DOGE): With a valuation surpassing $12 billion, DOGE, priced at $0.08515, has gained 5% over the past week, and the analyst anticipates a potential 300% surge. 4. Oasis Network (ROSE): Trading at $0.1198, Oasis Network's ROSE token is a privacy-enabled and scalable layer-1 blockchain network, positioning itself for growth in Web3. 5. XRP: Despite recent concerns, XRP, the fourth-largest altcoin with a market share exceeding $30 billion, could see a 300% surge, currently priced at $0.5594. 6. Hedera (HBAR): Priced at $0.08455, HBAR, with a 7.7% gain over the past week, is recognized as a highly utilized, sustainable public network for decentralized applications. In summary, these identified altcoins offer promising opportunities for investors in the current bull market, though market conditions are dynamic and subject to volatility.

3 days ago
MianVerse
MianVerse
followers

Price Action Analysis reveals Distribution Phase is going ON. Selling of #Bitcoin by Big Whales after a significant bullish rally is termed the distribution phase and it marks the end of a bull run. After the end of the distribution phase, the crypto downtrend starts. The Game Behind Distribution? During a bullish trend, when Crypto Whales have sold most of their assets, they push the market to the distribution phase where the news is still positive and they sell the remaining portion of holding during up moves. As the price reaches the upper boundary of the price range, selling pressure is increased which drags the price toward the lower boundary. Here, they again wait for positive news to drive the price up during which they offload. When they have offloaded most of their holding, selling pressure is increased beyond a certain level which dumps the market through the bearish trend. 3 Sure Signs of the Distribution Phase:     Range bound price movement; The first sign of distribution is the price going into a sideways range bound after sufficient bullish rally. Volume; Greater volume on bearish candlesticks. Despite that, the price is unable to break the lower boundary of the price range. Candlestick Wicks penetrate the Upper Boundary of the Price range but close below the upper boundary. The Case BTC: #BTC price action has clear signs of the distribution phase. After a significant bull run (from 16k to 53k), the price has moved inside a narrow range in the last few days. Although Bitcoin price has tried to move outside this range but the selling pressure drags down. This is displayed in $BTC price chart in the form of Candlestick wicks outside this price range. Another strong sign is the test of buying pressure according to Richard Wykoff. This sign has also occurred in the BTCUSDT chart. Why it is not Mid-Cycle Accumulation: Because the buying volume is far lower. If it were an accumulation, high buying side volume should have been there on the chart. End Note: Bitcoin price has appreciated more than 2 times since the start of this Bull Run. At this stage, the euphoria of the bullish ride can override your rational thinking. The BTCUSD price chart reflects the end of the Bull Run. Trimming long-side Bitcoin positions seems a more realistic approach. Happy trading! #BTCUSDTAnalysis #dyor #Write2Earn

3 days ago
CoinEdition
CoinEdition
followers

A crypto analyst identified as CryptoGuru predicts a BTC to hit $61,000. According to CryptoGuru, several chart formations support an imminent breakout for BTC ahead of a significant upward rally. The analyst noted that Ferrari announced it would start accepting DOGE for payments Self-styled cryptocurrency analyst James CryptoGuru has predicted a $61,000 target for Bitcoin soon. In a recent post on X, the vibrant analyst displayed various chart setups and a combination of indicators to show that the flagship crypto is aiming for higher prices. #BITCOIN TRADE TARGET $61,000 & $DOGE BREAKING NEWS!!! $btc $doge $qubic pic.twitter.com/cAerjhjexY — James CryptoGuru (@Jamyies) February 19, 2024 CryptoGuru’s initial observation is the growing volume across the daily candles on the BTC/USD chart. The analyst spotted a hammer candle that formed two days ago, confirming it as a significant bullish signal. By scaling down to the 4-hour chart, the technical analyst showed that Bitcoin faces resistance around $52,000. Hence, it is making a sideways movement and generating another bullish signal in the form of a bull flag. Notably, CryptoGuru extracted his Bitcoin price target by projecting a potential movement after the pioneer crypto breaks out of the bull flag. Using the 1-hour chart, he showed that the breakout may happen shortly, with Bitcoin expected to rally toward the $61,000 price. Although CryptoGuru noted the possibility of a slight pullback, he was adamant that the $61,000 target for Bitcoin is imminent. He outlined a classic trade to open at $51,180 with a stop-loss at $51,044 and take-profit at $61,000. Besides Bitcoin, CryptoGuru noted a significant development in the Dogecoin ecosystem that could lead to a potential DOGE rally. According to him, Ferrari, the Italian sports car manufacturing company, recently announced it would start accepting DOGE for payments. The renowned analyst considers it a crucial news that could trigger a DOGE price rally. Beyond just DOGE, the analyst thinks the impact of this announcement could spread across the entire crypto market. According to him, Ferrari accepting DOGE for payment could lead to a crypto revolution. The post Crypto Analyst Predicts $61K Bitcoin, DOGE to Rally As Ferrari Adopts Meme Coin appeared first on Coin Edition.

6 days ago

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