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“# Fish food? Data shows retail investors are buying Bitcoin, whales are selling ” Bitcoin (BTC) staged an impressive recovery after dropping to its three-month low of $42,333 on Dec. 4, rising to as high as $51,000 since. The BTC price retracement primarily surfaced due to increased buying activity among addresses that hold less than…
“# Data suggests traders view $46,000 as Bitcoin’s final line in the sand ” Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin (BTC) price lost the $47,000 support, and altcoin prices dropped by as much as 25% within a matter of moments. When the move occurred, analysts quickly reasoned that Bitcoin’s…
“# Cardano: ADA price eyes 30% rally with a potential ‘triple bottom’ setup ” Cardano (ADA) may rally by nearly 30% in the coming days as it hints at forming a classic bullish reversal pattern. Sharp ADA rebound underway Dubbed “triple bottom,” the pattern typically occurs at the end of a downtrend and consists of…
“# Small Ethereum investors increase exposure as ETH loses $4K level ” Ethereum’s native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities. According to data gathered…
“# ZK-rollups step into the limelight after the quest to scale Ethereum evolves ” Scalability on the Ethereum (ETH) network has been a point of contention within the cryptocurrency ecosystem for years, primarily due to high fees and network congestion during periods of peak demand. The latest solution to emerge as the final fix to…
“# 3 reasons why Ethereum price can drop below $3K by the end of 2021 ” Ethereum’s native token Ether (ETH) reached an all-time high around $4,867 earlier in November, only to plunge by nearly 20% a month later on rising profit-taking sentiment. And now, as the ETH price holds $4,000 as a key support…
“# Analysts say Bitcoin’s open interest wipeout ‘will give way to further upside’ ” The weekend is upon us and fear remains the dominant short-term sentiment in the cryptocurrency market. Earlier today Bitcoin (BTC) price dropped to $47,250 and investors are biting their nails after data from the U.S. consumer price index (CPI) shows inflation…
“# Trader who called 2017 Bitcoin price crash raises concerns over ‘double top’ ” Bitcoin (BTC) could be forming a so-called “double top” pattern after falling by over 30% from its record high of $69,000, suggests Peter Brandt, a veteran trader known for correctly calling the crypto market top in December 2017. The bubble has…
“# Data shows pro traders are currently more bullish on Ethereum than Bitcoin ” Most traders have noticed that Ether (ETH) price has seriously outperformed Bitcoin (BTC) for months now and the ETH/BTC ratio has rallied more than 230% in 2021 and recently hit a new high at 0.089 BTC on Dec. 9. ETH/BTC pair…
“# Terra becomes top-10 crypto: Classic ‘bull pennant’ setup paint $100 LUNA price target ” Terra (LUNA) faces the prospects of hitting $100 in the coming weeks as it paints a classic bull pennant structure. In detail, Bull Pennants appear as the price trends inside a Triangle pattern after a strong move upside. Many analysts see…