Category: Market Analysis

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Bitcoin Price Analysis: 23 May

After a 11% decline at press time, Bitcoin was concluding its bearish week. BTC was priced just above $32,500, as other assets met their lows from May 19. Support levels at $40,500 and $34,800...

Famous analyst calls $43K Bitcoin price ‘logical’

Bitcoin may have lost 35% since its all-time highs of $64,500, but its current price is actually “logical.” That’s according to veteran analyst John Bollinger, creator of the Bollinger bands trading indicator. Bollinger: Current...

Fear is covering the market when Bitcoin price have not yet shown any positive recovery signal, even the downward momentum is getting stronger

Fear is covering the market when Bitcoin price and large-cap Altcoin series have not yet shown any positive recovery signal, even the downward momentum is getting stronger. Bitcoin price today: Cryptocurrency market panic,...

Bitcoin Looks Extremely Oversold with NVT Lowest for the Entire Rally: Analysis

Recent data from Glassnode shows that Bitcoin is extremely oversold in the market. Chart provided by popular analytics platform Glassnode shows that Bitcoin NVT (Network Value to Transactions) Ratio has been at the lowest point...

Tesla’s unforeseen rejection of BTC payments triggers shock among crypto enthusiasts, sparks debate over the hidden reasons for the move

Tesla, the largest manufacturer of electric vehicles, has announced that it will no longer accept payments in BTC, citing environmental issues related to the high cost of mining and processing Bitcoin transactions. The news...

May 2021: How Bullish for Crypto?

First we’ll start off with a brief summary of the data that communicates the general idea in a very simple manner. If you want to delve deeper into the details we highly...

Bitcoin has a probability of making another lower low, Ethereum has very bullish market structure

Bitcoin Currently Bitcoin is bearish. It will increase the probability of Bitcoin making another lower low from April 25, 2021, which will push it down. That correction is very good for the long-term...

BTC/ETH/LTC/XRP Analysis – 9 May

Bitcoin closed bullish today, and it is heading towards the $60,000 key level. Above it, Bitcoin will move towards $68,000. The intraday chart will be volatile as we are in the weekend....
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