Gala had held on to the $0.432 level of support all through December, even though it saw weaker and weaker bounces off the support level. Buyers finally capitulated in early January, and selling pressure intensified once more. The charts indicated a strong bearish outlook for Gala. It is not uncommon for altcoins to rally strongly […]

In a much-publicized tweet this past week, Vitalik Buterin voiced his opposition to the use of cross-chain solutions by Ethereum and other blockchains, in favor of a multi-chain future.

The post Vitalik Buterin on why cross-chain bridges will not be a part of the multi-chain future appeared first on CryptoSlate.

US stocks struggled after the big banks had a rough start to earnings season.  JPMorgan shares dropped sharply over fears that surging expenses and wage inflation may lead to a greater profit miss over the next couple of years. Risk appetite did not get any favors from a wrath of US economic data that missed […]

Oil Crude prices continue to rally on optimism that the oil market will remain tight as COVID pandemic starts to move into the endemic phase.  Money managers are turning very bullish with Brent crude, sending bullish bets to an 11-week high.  Today’s oil price rally is very impressive given how strong the dollar is today. […]

Crypto exchange giants FTX and Bitstamp are looking to expand their services and try competing with stock trading platforms. Brett Harrison, FTX US president tweeted out that the exchange was looking at offering “actual vanilla stocks” (as opposed to tokenized stocks) on its platform. “We’re hard at work on stocks! Features we’re planning for day […]

The post FTX and Bitstamp Explore Expansion Into Stock Trading appeared first on Coin Bureau.

Right now, bulls are buying each dip and bears are selling the top of each rally, suggesting that BTC and altcoins will remain range-bound for some time.

Following its explosive rise, generative artwork sensation Art Blocks is now focused on long-term sustainability.

Bitcoin has been rejected near the $44,000 price and has been moving sideways since earlier this week. The benchmark crypto could make another attempt to break this resistance levels but will most likely remain range bound until $50,000 and $53,000 are reclaim. Related Reading | Bitcoin Aims For $48K? BTC Reacts Upward To U.S. Inflation Report As of press time, Bitcoin trades at $42,341 with a 3.5% loss in the past day. BTC’s price has performed positively after the U.S. Consumer Price Index (CPI) print, a metric used to measure inflation. Before the report came out, the order book for Bitcoin was clear and has been re-arranging during the week forming new levels of support near $38,000 and $40,000. Data from Material Indicators shows an important cluster of bid order below BTC’s price current levels which suggest, at least for the short term, that bulls will continue to defend the $40,000 price mark. As seen below, there are over $20 million in bid orders around those levels. In that sense, analyst firm Jarvis Labs believes Bitcoin could see some weeks of relief and less selling pressure. This is supported by a bullish divergence in their 30-Day Returns for Bitcoin, as seen below whenever this metric returns to the 0% in that threshold BTC trends to the upside. The bounce has been driven mainly by retails investors, according to the firm, as measure by Bitcoin’s Accumulation Trends for the past month. Jarvis Labs added the following: The accumulation trend scores on a 30D basis show that retail has confidence in accumulating on the bottoms whilst the whales are more reluctant to do so. Scores on a 7D basis indicate the same behavior in contrast to the divergence we saw in December. Bears Can’t Shake Bitcoin Long Term Holders Two of Jarvis Labs’ metrics remain in the red, specifically those related to the amount of Bitcoin coins on the move and the amount of BTC compared with the amount of stablecoins in the market. This suggest some investors are selling at a loss and others are taking profits as the price reached $44,000. Furthermore, Jarvis Labs was able to determine that long term holders haven’t been shaken by the bearish price action.  Short term holders have dropped their average or realized price from $53,000 to $50,900 which poses no immediate threat to a relief bounce, but as the firm said, will contribute with future corrections. Takeaways (3): – Oculus drop alerts for BTC (43900) and ETH (3370) levels will likely lead BTC to consolidation before rising to 46-48k resistance levels. – Q1 rally would be a profit-taking period for most investors, as many VC unlocks and Fed activities are to come in Q2. — JarvisLabs (@Jarvis_Labs_LLC) January 13, 2022 As NewsBTC reported, Jarvis Labs has been waiting for some impact on the derivatives sectors in order for BTC to trend higher. That time seems to be here with negative funding for futures contracts on exchanges Binance, FTX, and most crypto platforms. Related Reading | TA: Bitcoin Bounces To $42K, Why BTC Could Recover To $43.5K If this metric continues to move into negative territory as prices trend to the upside, it could suggest a more sustainable rally. In that sense, Jarvis Labs added the following on Open Interest (OI), the number of total contracts traded across exchanges, and their impact on BTC’s price: Open interest/market cap change has been rising up to match the summer highs of 2021. As the price begins to rise now, this metric is starting to drop, indicating that a further short squeeze is possible.

Lawton Plastic Surgery in San Antonio, Texas is the latest business to say “yes” to cryptocurrency payments. Owned by Dr. Gary Lawton, the facility is supporting assets like bitcoin, Ethereum, and several other altcoins, and has agreed to accept these assets as methods of payment. Lawton Plastic Surgery Will Accept BTC for Procedures In an...

The post Lawton Plastic Surgery Says “Yes” to Crypto Payments appeared first on Live Bitcoin News.

Can earnings season soothe investors’ nerves? It’s been a turbulent start to the year in the markets and that’s unlikely to change as we move into earnings season. Fear of high inflation and accelerated monetary tightening is driving much of the volatility that we’re seeing in financial markets over the last couple of weeks and […]

The total supply of the USDC stablecoin on the Ethereum blockchain has surpassed that of USDT's for the first time.

The post USDC’s supply on Ethereum surpasses that of rival USDT’s for the first time appeared first on The Block.

Bitcoin price is at a pivotal zone, nearing a potential point of no return for bulls. However, the weekend forecast could suggest sunnier skies are in the future, so long as BTCUSD holds above the weekly Ichimoku cloud. Here is a closer look at BTCUSD weekly timeframes “at a glance” using the Ichimoku Kinko Hyo. Bitcoin price is holding above the cloud | Source: BTCUSD on TradingView.com Weekly Bitcoin Price Action At A Glance Using Ichimoku Using nothing more than the naked Ichimoku chart above, BTCUSD weekly has touched and found support at the cloud – also called the Kumo. The blue conversion line is above the maroon-colored base line, indicating the market is still bullish, but consolidating. A bullish trending market would see Bitcoin price trading above both lines. Touching the cloud itself isn’t always significant. However, only weekly timeframes, retesting the same cloud is what kickstarted the bull run. Flipping the Ichimoku cloud started the bull run | Source: BTCUSD on TradingView.com Losing the cloud would be substantial. It could mean the bull cycle has finished, or that extended consolidation is ahead. The last time the weekly cloud was lost was the Black Thursday collapse in March 2020. The Ichimoku is among the few technical indicators that focus on both time and price. Tapping the cloud means that it is time to look for other signals for more confirmation. Three potential supporting reversal signals can be found | Source: BTCUSD on TradingView.com With more technical indicators turned on, things get a lot more interesting. The TD Sequential market timing indicator has triggered a perfected buy setup, just as Bitcoin touches the cloud. Sunday night’s weekly close could very well remain near current levels to end with a doji. How bulls react in the following week would be telling. Bullish Take | The Hidden Bitcoin Trend Line That Could Save The Bull Run A green up candle to above $47K would break through a local downtrend line and put a morning star Japanese candlestick pattern in play. It is worth noting, however, that the last potential weekly morning star setup failed. But such signals are only confirmed in hindsight. At the same time, weekly Stochastic is exhibiting a bullish divergence. A bullish crossover is also nearing while at a reading that historically put in more significant bottoms than this. What To Expect This Weekend Ahead of The BTCUSD Weekly Close A doji candle signals indecision and come at the end of a trend, or at a pause before continuation. The fear in the market has left bulls weak and bull salivating, but neither have been able to make a major difference in the last five days. The weekend forecast suggests more of the same level, with bulls needing to defend $42,000 and lower. Fear will likely keep bulls at bay until after the weekly close, when confidence returns and there is possibility of a morning star reversal. Bearish Take | Bitcoin Death Cross 2022: What You Need To Know About The Deadly Signal If the doji candle were to hint at continuation instead of reversal – the next logical target would be the bottom of the Ichimoku cloud at around $37,000. Danger of more downside than that still exists. Bitcoin price just had a daily death cross which could have apocalyptic implications. Losing the Ichimoku cloud completely might indicate that the bull cycle has concluded for the time being. Reclaiming the cloud would be the first sign the bull run is back on. Whatever you do, watch the clouds closely over the weekend. .@elliottwaveintl has graciously offered my followers FREE access (normally $99) to the Dec video issue of Robert Prechter’s Elliott Wave Theorist. It includes 28 charts referencing “A Stock Market Top For The Ages”. Enter code “TONYBTC” for FREE access: https://t.co/Ke1bCmpzet pic.twitter.com/tYMRvsotND — Tony "The Bull" Spilotro (@tonyspilotroBTC) January 14, 2022 Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com