Since the last quarter of 2021, the growth in adoption and popularity of meme currencies have set a new high

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The post It’s Now or Never Rally for Bitcoin, BTC Price Primed to Go Lower Before Making a Huge Move Beyond $50K! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The bearish trend is just about to end with the Bitcoin price as the asset is primed to enter a notable uptrend very soon. The crypto space since the past working day is showing some sign of strength with BTC price trading around $43K levels yet again. No doubt the asset is hovering along the …

Data from cryptocurrency analytics firm Santiment suggests cryptocurrency whales have been quietly accumulating Litecoin ($LTC), a cryptocurrency that has been described as the “silver to Bitcoin’s gold,” over the last 15 weeks. On social media, Santiment shared data showing that whale addresses holding between 10,000 and 1 million LTC have been accumulating the cryptocurrency for […]

On-chain analysis shows that retail buying is accelerating while whale supply is declining.

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.

Lucky Block, the crypto-powered lottery platform, has donated $5,000 worth of crypto to the British Red Cross in what is expected to be the first [...]

. Five years ago, if you had suggested there would be over 4,000 new CFDs based on footballers from the major European leagues, most people would have just laughed.

An Ethereum whale with over $3.7 million in assets on its wallet has made a hefty investment in the meme-inspired cryptocurrency Shiba Inu ($SHIB) shortly after a popular business account on social media claimed Robinhood is set to list SHIB “as early as February.” According to whale monitoring resource WhaleStats, the Ethereum whale moved to […]

Traders say “stay calm” but also expect further whipsaws in BTC price until $46,500 flips to support and marks a higher time frame trend reversal.

After showing a lot of weakness during the start of 2022, Dogecoin (DOGE) is…

The post Dogecoin (DOGE) looks like it’s about to explode – Analysis and price predictions below appeared first on Coin Journal.

The post CRO and Litecoin (LTC) Shows Strength, Hinting At 100% Upswing! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Crypto.com (CRO) and Litecoin (LTC) showed strength as they bounced off the critical support. Whilst CRO plans to drag the traction of a larger audience from the sports and entertainment industry, LTC was whales’ favorite coin in recent times.  In general, the crypto market appears to be showcasing a bullish outlook, and these two coins …

Layer 2 crypto are in high demand in the crypto space because of their high scalability and low prices. The potentials in these assets have [...]