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“# Bitcoin’s key momentum metric just flashed bearish with BTC price pinned under $50K ” The run-up in the Bitcoin (BTC) price toward $50,000 last week risks exhaustion due to a mismatch between the cryptocurrency’s price and momentum trends. So it appears the Bitcoin’s price and relative strength index (RSI) have been moving in the…
“# Solana hits record high with SOL price up over 218% in six weeks — What’s behind the rally? ” Solana (SOL) prices printed another milestone of nearly $85 high on Aug. 27 as traders assessed a flurry of optimistic fundamentals, including Solana’s potential foray into Wall Street. On Aug. 24, digital asset management firm…
“# Cardano chart painting a bull flag for $3 ADA price ahead of ERC-20 converter launch ” Cardano (ADA) appears to be heading toward a new record high as its downside move takes the shape of a bull flag. In detail, the ADA/USD exchange rate plunged 16.91% to $2.47, but the pair’s decline came after…
“# Bitcoin futures open interest at 3-month highs — But will it be enough to overcome $50K? ” Bitcoin (BTC) futures open interest has recovered to May levels, raising optimism about a potent bullish breakout move above $50,000. The total number of outstanding futures contracts on the Deribit exchange reached $1.37 billion on Monday, its…
“# Bollinger Bands creator warns Bitcoin bulls as BTC price struggles below $50K ” Bitcoin (BTC) prices have recovered by more than 60% to $47,486 after bottoming out below $30,000 on July 20, triggering anticipations of an extended bull market toward $100,000. But to John Bollinger, a celebrated contributor to the field of financial analysis, investors…
“# SEC could approve Bitcoin futures ETF in October, analysts predict ” The United States Securities and Exchange Commission (SEC) is likely to approve a Bitcoin (BTC) futures exchange-traded product (ETF) by the end of October, according to Bloomberg ETF experts. Bloomberg ETF analysts, Eric Balchunas and James Seyffart, issued an investor note on Tuesday suggesting…
“# Cardano chalks a bearish wedge as ADA price soars by over 100% in Q3 ” The latest rally in the Cardano (ADA) market has activated a classic bearish pattern that threatens to lower its prices by as much as 15%. Dubbed as a rising wedge, the textbook pattern forms when the price consolidates between upward…
“# Bitcoin transactions stay low despite price rally: Data ” Despite Bitcoin (BTC) price growing 45% over the past 30 days, cryptocurrency investors are not moving their holdings, according to new data. Blockchain analytics provider Glassnode released its new “The Week On Chain” report on Monday, noting that Bitcoin has continued rallying to new multi-month highs…
“# Bloomberg strategist explains why 30-year US bonds have ‘bullish implications’ for Bitcoin ” Despite Bitcoin (BTC) slipping back below $50,000, more and more investors are likely to move their capital into Bitcoin and gold markets in the second half of 2021 (H2), asserted to Mike McGlone on Aug. 23, the senior commodity strategist at Bloomberg…
“# Polygon eyes record high as MATIC’s 150% price rally activates textbook bullish pattern ” A recent price rally in the Polygon (MATIC) market pushed its prices above $1.56 for the first time in more than two months. In detail, the MATIC/USDT exchange rate rose 20.65% in just two days to reclaim the June 17…