Forming renewed highs above 23.6% Fibonacci resistance, AAVE was under another northbound leg on the daily chart. A close above the 38.2% Fibonacci level would allow the altcoin to propel to a newer high around the $207-mark. Thus, eventually opening a route towards the 200 EMA (green) and the $224-level. On the other end of […]
Bitcoin has been hinting at lower levels during today’s trading session. The benchmark crypto was rejected at around $48,000 and has been unable to reclaim its previous highs. Related Reading | Galaxy Digital’s Jason Urban What Will Drive Ethereum To Flip Bitcoin At the time of writing, Bitcoin trades at $43,100 with a 1% and…
ETH recently entered a correction phase and has been trading within a descending wedge pattern for the last 2 days. However, it managed to break through its descending support line in the early morning hours in the 1-hour chart. Ethereum recently peaked at $3581 after a strong bull run that kicked off in mid-March, allowing […]
A quant has explained how the Bitcoin funding rate (72 hour) may be able to correctly signal tops and bottoms in the price of the crypto. Bitcoin Funding Rate May Be Able To Indicate Tops And Bottoms In The Market As explained by an analyst in a CryptoQuant post, the 72-hour version of the funding…
On-chain data shows the Bitcoin monthly outflows have recently reached values only seen a few times before in the crypto’s entire history. Bitcoin Exchange Outflows Now Have A Value Of 96.2k BTC Per Month According to the latest weekly report from Glassnode, a historically high amount of BTC has exited all exchange wallets recently. The…
Dogecoin price has shown a clean breakout from a bullish pattern with high conviction. The uptrend so far was without any hurdles, but the meme coin is currently facing a significant barrier that is likely to prevent further move upwards. However, a successful flip of this hurdle into a foothold could be the key to […]
On-chain data shows Bitcoin investors have been afraid to take risk recently as the leverage ratio has remained low in the last few days. Bitcoin Leverage Ratio Remains Low In Past Few Days As pointed out by an analyst in a CryptoQuant post, investors haven’t taken much risk since the surge in the crypto’s price…
Bitcoin price after a tough brawl is hovering above $44,000 from the last trading day and manifesting the possibilities to close the Q1 trade close to $50,000. Also, the other assets like Ethereum price maintained their positions above $3000, pointing out towards a probable altseason may be on their toes. Amidst such bullish conditions, still, …
Bitcoin price after a tough brawl is hovering above $44,000 from the last trading day and manifesting the possibilities to close the Q1 trade close to $50,000. Also, the other assets like Ethereum price maintained their positions above $3000, pointing out towards a probable altseason may be on their toes. Amidst such bullish conditions, still, …