Generative Data Intelligence

Tag: Market Structure

Fantom at a crossroads in the near term, but where can it go from here

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice In the near-term, Bitcoin seemed to near a level of resistance at $40.6k. In fact, even the region from $38.9k-$39.2k has been a place where sellers have been strong in the past week. It is […]

As The Fed Outlines CBDC Principles, It Reveals Antithesis To Bitcoin

The Federal Reserve recently outlined its considerations for a U.S. CBDC, confirming that it would be diametrically opposed to Bitcoin.

Axie Infinity has bounced from the $44-lows – Where to next for AXS

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Axie Infinity, the blockchain-based monster battle NFT game, soared in popularity in 2021. Its token, Axie Infinity Shard (AXS), also registered massive gains over the past year. However, like many altcoins before it, AXS faced […]

Levered Shorts vs Spot Demand

Bitcoin enters its 82nd day of the prevailing drawdown, as derivatives traders bet on further downside. Meanwhile, on-chain demand models suggest a more bullish undertone is in play.

SEC Approves BSTX to Operate as Blockchain-Based Securities Exchange

The U.S. Securities and Exchange Commission (SEC) has approved BSTX, a joint venture between tZero and Boston Options Exchange (BOX) Digital Markets, to operate as a national securities exchange.

After breaking down below recent lows, here’s where ICP is likely to head next

Ranked 32nd by market capitalization, Internet Computer saw its token ICP trading at $20.7 at the time of writing. It appeared to break the market structure in early January, but the intense selling pressure since then has actually seen ICP register a new set of lows at $19.1, just beneath the $20.9 lows in late […]

Axie Infinity drops below $50, is this a bargain buy or is there more pain in store

A week ago the price of Axie Infinity stood at $75. However, even though there was a confluence of support levels right beneath $75 on lower timeframes at that time, the price crashed right through. This was not an isolated incident. The price of AXS has been steadily dropping, at times it has even dropped […]

Here are the demand and supply areas for next week as Solana dips below $100

The euphoric sentiment of October and early November has long since evaporated. The early December drop in the crypto market saw the price of Solana drop below the $200 mark, and since then the price established a shift in market structure to bearish. Repeated waves of selling have brought Solana prices to $90 at the […]

Litecoin’s descent to the $104-level could be followed by this…

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The overall market sentiment has been bearish for the crypto-market in recent weeks. Whether this is a brief period of uncertainty before the resumption of a bullish trend for Bitcoin is yet to be seen. […]

Is MANA in a short-term bullish retest or are bears setting a trap

Disclaimer: The findings of the following analysis are the sole opinions of the writer and shouldn’t be considered investment advice Decentraland’s currency, MANA, was closely following Bitcoin’s price action over the past week. Alongside Bitcoin, MANA too broke above a level of resistance at $2.14, and at the time of writing, it was trading within a […]

Bitcoin Price Eyeing One More Deep Correction ! Will BTC Price plunge Below $30k This Time ?

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The post Bitcoin Price Eyeing One More Deep Correction ! Will BTC Price plunge Below $30k This Time ? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

On Wednesday, all of the main cryptocurrencies saw strong gains. Last week, cryptocurrency prices plummeted, with Bitcoin falling to a nearly six-month low. On January 26, however, Bitcoin price recovered, shocking both the market and investors. It is now trading up by 2.6% at $37K level. In tandem, other tokens are on the rise too. …

Fantom’s latest higher low means this in the near term

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The crypto-market still remains strongly bearish, and fear is being felt by many market participants. It is not unlikely that Bitcoin could drop further in the days and weeks to come. However, in the short […]

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